Houston, TX -- (SBWIRE) -- 08/10/2018 -- Electroceuticals are medical devices that affect changes in body functions by utilizing electrical impulses. Electroceuticals act as an alternative to drug-based remedies, and are expected to be the future gold standard of treatment of various diseases. Unlike other stimulants in muscles or tissues, electroceuticals act as the basis of stimulation of the nervous system in the nervous system using electric shock. Current treatment options for multiple neurological diseases and other disease states rely on drug-based drugs that involve significant side effects and delivery commitments that have not yet been fully met. Electroceuticals find applications in various diseases and disorders and are effective in the treatment of these conditions in both invasive and non-invasive methods. They are considered a true substitute for drug-based drugs in the future.
The Electroceuticals market is expected to grow at +5% of CAGR between 2018 and 2023.
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Top Key Player Studied in this Research:
Medtronic PLC, St Jude Medical Inc, Boston Scientific Corporation, Cochlear Limited, Sonova Holding AG, LivaNova, Biotronik, Nevro Corporation, Second Sight Medical Products, ElectroCore LLC, Stimwave LLC, Vomaris Innovations Inc
The World Electroceuticals market is categorized by product, device type, end user, application and region. From a product standpoint, the global Electroceuticals medicine market is classified as a pacemaker, a deep brain stimulator, an implantable cardiac defibrillator, a cochlear implant, a spinal cord stimulator, or a vagus nerve stimulator. The implantable cardioverter defibrillator segment accounted for the largest portion of the global Electroceuticals market. The global market for Electroceuticals based on end users is divided into hospitals, clinics, and home care environments. In terms of device type, the global Electroceuticals medicine market is subdivided into non-invasive electroceuticals and implantable electroceuticals. The implantable electroceuticals segment is expected to account for the largest share of the market. However, non-invasive electroceuticals segments are planned to expand to higher CAGR during the forecast period. Depending on the application, the global Electroceuticals market is divided into arrhythmias, epilepsy, Parkinson's disease, spinal cord disorders and other applications.
Increased global elderly population, increased cost pressures for drug-based drugs, increased interest from major pharmaceutical companies in the electronics sector, and the worldwide incidence and prevalence of neurological and chronic diseases. Global Electroceuticals market during forecast period.
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Electroceuticals market is segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to expand at the fastest CAGR during the forecast period due to higher prevalence of chronic diseases such as diabetes and hearing loss due to rapidly increasing geriatric population in China, Japan, and India, increasing incidence of neurological disorders, and rising adoption of neurostimulation techniques.
Table of Contents
Global Electroceuticals Market Research Report.
Chapter 1 Electroceuticals Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
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