business,
Share, Growth,
Emerging
Bioelectric Medicine Market
Outlook, Industry
Drivers,
Technologies
The Global Bioelectric Medicine Market is projected to grow from USD 16.8 billion in 2021 to USD 24.36 billion by 2030 at a CAGR of 5.0% during the forecast period.
Bioelectric medicine uses an electrical pulse instead of a medication to trigger treatment. Bioelectric medicine combines bioengineering, molecular medicine, neuroscience, electronics, and computers to develop nerve stimulating and sensor activation technologies to regulate biological activities and treat disorders. These technologies have the potential to revolutionise the way diseases are treated in the future. To treat disorders, bioelectric medicine uses a tailored mode of action.
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KEY INDUSTRY PLAYERS • GlaxoSmithKline plc. • Boston Scientific Corporation • SetPoint Medical • BIOTRONIK SE & Co KG • NEVRO CORP. • LivaNova PLC • Medtronic • Cochlear Ltd. • MicroPort Scientific
REGIONAL INSIGHTS
The Global Bioelectric Medicine Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
North America holds largest market share of the bioelectric medicine due to the highly developed healthcare system in the United States and Canada, rising healthcare spending, and the rising prevalence of cardiovascular and neurological illnesses all contribute to the growth of the North American bioelectric medicine market. Additionally, North America region is dominating the market share during the forecast period, due to the presence of key market players such as Jude Medical, Electrocore, St. and Medtronic Plc in the region. These companies are progressively concentrating on bioelectric medical product development.
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