'Electroceutical devices' presentation slideshows

Gosreports?ElectroceuticalsBioelectric Medicine Market Forecast to 2021

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Global Electroceutical Devices Market: Increasing Strategic Alliances among Players to Lead to Market Consolidation

Electroceuticals are a novel category of therapeutic agents/medical devices which target the neural circuits of organs thereby stimulating the nerves and relieving or alleviating the body of various conditions.

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Electroceuticals/Bioelectric Medicine Market worth 25.20 Billion USD by 2021

A number of factors such as rising geriatric population, regulatory approval for new and advanced electroceuticals, growing investments and funds for the development of novel therapies and electroceuticals, rising prevalence of neurological disorders, and growing prevalence of hearing loss are expected to drive the growth of the electroceuticals/bioelectric medicine market during the forecast period.

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Electroceuticals Market Size Estimation Methodology

The global electroceuticals/bioelectric medicine market is expected to reach USD 25.20 Billion by 2021 from USD 17.20 Billion in 2016, growing at a CAGR of 7.9% from 2016 to 2021. The growth of the overall electroceuticals/bioelectric medicine market can be contributed to rising geriatric population, regulatory approval for new and advanced electroceuticals, growing investments and funds for the development of novel therapies and electroceuticals, rising prevalence of neurological disorders, and growing prevalence of hearing loss. However, lack of skilled professionals and high cost of cochlear implants is expected to restrain the growth of this market to a certain extent. Moreover, the growth potential offered by emerging countries and strong product pipeline are expected to provide growth opportunities for players operating in this market.

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