Electroceutical Devices Market to See Double-Digit CAGR through 2022, Says IQ4I in Its New Report Recently Added at MarketPublishers.com28 Sep 2016 • by Natalie Aster
LONDON – Nowadays, numerous opportunities emerging in the neurological and psychological therapeutic fields are attracting a great number of companies, substantial investments and a lot of startups.
The world’s electroceutical devices market is predicted to enjoy robust growth at a double-digit CAGR between 2016 and 2022. Key market growth drivers include rising number of patients suffering from chronic pain, increasing incidence of neurological diseases as well as cardiology and psychiatric disorders, ongoing technological improvements (like better battery technology, miniaturization, wireless micro-current stimulation, etc.). Constantly rising number of applications of electroceutical devices open vast opportunities for the market players.
At present, North America holds the largest share of the overall electroceutical devices market. Increasing aging population, remarkable technological advancements, enhancing awareness and favourable regulative policies make the US the global leader in the electroceutical devices market. Meantime, Asian countries, especially China and India, are the rapidly growing regions with continuously rising demand for electroceutical devices.
Top players in the global electroceutical devices market include Boston Scientific, St. Jude Medical, St. Jude Medical, Cogentix medical, LivaNova, Biotronik, NeuroMetrix, Nevro Corporation.
New report “Electroceutical Devices Global Market – Forecast To 2022” worked out by IQ4I Research & Consultancy Pvt. Ltd. offers an all-round analysis of the world’s market for electroceutical devices, offers trustworthy industry performance statistics, examines key market growth influencing factors and also outlines major opportunities and challenges. It contains detailed analyses of the main geographical markets, delves into competitive landscape and also describes the regulative environment. Furthermore, it presents forecasts for the market development through 2022.
Many other research reports by this publisher are provided in the IQ4I Research & Consultancy catalogue.