Global Bioelectric Medicine Market 2020-2030 by Product Type (Implantable, Non-invasive), End User, and Region: Trend Forecast and Growth Opportunity

December 2021 | 201 pages | ID: G646979A8A17EN
GMD Research

Abstracts

Bioelectric medicines, also known as electroceuticals, are medical devices that are used to restore health in patients. Bioelectric medicines function through neurostimulation and modulation of the nervous systems through electrical impulses. Global bioelectric medicine market will reach $39.06 billion by 2030, growing by a revised CAGR of 7.3% over 2020-2030 driven by growing geriatric population and rising acceptance of bioelectric medicines.

Highlighted with 106 tables and 76 figures, this 201-page report “Global Bioelectric Medicine Market 2020-2030 by Product Type (Implantable, Non-invasive), End User, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global bioelectric medicine market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate/forecast from 2020 till 2030 with 2019 as the base year.

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global bioelectric medicine market in every aspect of the classification from perspectives of Product Type, End User, and Region.

Based on Product Type, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.

• Implantable Bioelectric Medicine
• Cardiac Pacemaker
• Implantable Cardioverter Defibrillators (ICD)
• Spinal Cord Stimulators (split into Chronic Pain, Failed Back Syndrome (FBSS), Ischemia by application)
• Cochlear Implants
• Deep Brain Stimulators (split into Parkinson’s Disease, Tremor, Depression, Other Deep Brain Stimulation Applications by application)
• Vagus Nerve Stimulators
• Sacral Nerve Stimulators (split into Urinary Incontinence and Fecal Incontinence by application)
• Retinal Implants
• Other Implantable Bioelectric Medicines
• Non-invasive Bioelectric Medicine
• Transcutaneous Electrical Nerve Stimulators
• Transcranial Magnetic Stimulation (TMS)
• Pulsed Electromagnetic Field Therapy
• Other Non-invasive Bioelectric Medicines

Based on End User, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.

• Hospitals and Clinics
• Research Institutes
• Individual Users

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Product Type and End User over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global bioelectric medicine market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request):

Abbott Laboratories

BIOTRONIK SE & Co. KG

Boston Scientific Corporation

Cochlear Limited

electroCore, Inc.

Inspire Medical Systems, Inc.

LivaNova PLC

Medtronic PLC

NeuroMetrix, Inc

Nevro Corp.

Nuvectra Corporation

OMRON CORPORATION

Pixium Vision

Second Sight Medical Products Inc

SetPoint Medical

Sonova Holding AG

St. Jude Medical, Inc.

Stimwave LLC

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF GLOBAL MARKET BY PRODUCT TYPE

3.1 Market Overview by Product Type
3.2 Implantable Bioelectric Medicine
  3.2.1 Cardiac Pacemaker
  3.2.2 Implantable Cardioverter Defibrillators (ICD)
  3.2.3 Spinal Cord Stimulators
  3.2.4 Cochlear Implants
  3.2.5 Deep Brain Stimulators
  3.2.6 Vagus Nerve Stimulators
  3.2.7 Sacral Nerve Stimulators
  3.2.8 Retinal Implants
  3.2.9 Other Implantable Bioelectric Medicines
3.3 Non-invasive Bioelectric Medicine
  3.3.1 Transcutaneous Electrical Nerve Stimulators
  3.3.2 Transcranial Magnetic Stimulation (TMS)
  3.3.3 Pulsed Electromagnetic Field Therapy
  3.3.4 Other Non-invasive Bioelectric Medicines

4 SEGMENTATION OF GLOBAL MARKET BY END USER

4.1 Market Overview by End User
4.2 Hospitals and Clinics
4.3 Research Institutes
4.4 Individual Users

5 SEGMENTATION OF GLOBAL MARKET BY REGION

5.1 Geographic Market Overview 2020-2030
5.2 North America Market 2020-2030 by Country
  5.2.1 Overview of North America Market
  5.2.2 U.S.
  5.2.3 Canada
  5.2.4 Mexico
5.3 European Market 2020-2030 by Country
  5.3.1 Overview of European Market
  5.3.2 Germany
  5.3.3 UK
  5.3.4 France
  5.3.5 Spain
  5.3.6 Italy
  5.3.7 Russia
  5.3.8 Rest of European Market
5.4 Asia-Pacific Market 2020-2030 by Country
  5.4.1 Overview of Asia-Pacific Market
  5.4.2 Japan
  5.4.3 China
  5.4.4 Australia
  5.4.5 India
  5.4.6 South Korea
  5.4.7 Rest of APAC Region
5.5 South America Market 2020-2030 by Country
  5.5.1 Argentina
  5.5.2 Brazil
  5.5.3 Chile
  5.5.4 Rest of South America Market
5.6 MEA Market 2020-2030 by Country
  5.6.1 UAE
  5.6.2 Saudi Arabia
  5.6.3 South Africa
  5.6.4 Other National Markets

6 COMPETITIVE LANDSCAPE

6.1 Overview of Key Vendors
6.2 New Product Launch, Partnership, Investment, and M&A
6.3 Company Profiles
Abbott Laboratories
BIOTRONIK SE & Co. KG
Boston Scientific Corporation
Cochlear Limited
electroCore, Inc.
Inspire Medical Systems, Inc.
LivaNova PLC
Medtronic PLC
NeuroMetrix, Inc
Nevro Corp.
Nuvectra Corporation
OMRON CORPORATION
Pixium Vision
Second Sight Medical Products Inc
SetPoint Medical
Sonova Holding AG
St. Jude Medical, Inc.
Stimwave LLC

7 INVESTING IN GLOBAL MARKET: RISK ASSESSMENT AND MANAGEMENT

7.1 Risk Evaluation of Global Market
7.2 Critical Success Factors (CSFs)
Related Reports and Products

List Of Tables

LIST OF TABLES

Table 1. Snapshot of Global Bioelectric Medicine Market in Balanced Perspective, 2020-2030
Table 2. Growth Rate of World GDP, 2020-2022
Table 3. Projection of Global Disease Incidences Treated by Bioelectric Medicine, 2019-2030, million
Table 4. World Health Spending by Region, $ bn, 2013-2020
Table 5. Selected Examples of Product Recalls
Table 6. Main Product Trends and Market Opportunities in Global Bioelectric Medicine Market
Table 7. Global Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 8. Global Implantable Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 9. Global Bioelectric Medicine Market: Spinal Cord Stimulators by Application, 2019-2030, $ mn
Table 10. Global Bioelectric Medicine Market: Deep Brain Stimulators by Application, 2019-2030, $ mn
Table 11. Global Bioelectric Medicine Market: Sacral Nerve Stimulators by Application, 2019-2030, $ mn
Table 12. Global Non-invasive Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 13. Global Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 14. Global Bioelectric Medicine Market by Region, 2019-2030, $ mn
Table 15. Total Health Expenditure per capita in PPP International U.S. Dollars by Country, 2017-2019
Table 16. Leading National Bioelectric Medicine Market, 2019 and 2030, $ mn
Table 17. North America Bioelectric Medicine Market by Country, 2019-2030, $ mn
Table 18. U.S. Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 19. U.S. Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 20. Canada Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 21. Canada Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 22. Mexico Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 23. Mexico Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 24. Europe Bioelectric Medicine Market by Country, 2019-2030, $ mn
Table 25. Germany Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 26. Germany Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 27. UK Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 28. UK Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 29. France Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 30. France Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 31. Spain Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 32. Spain Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 33. Italy Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 34. Italy Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 35. Russia Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 36. Russia Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 37. Bioelectric Medicine Market in Rest of Europe by Country, 2019-2030, $ mn
Table 38. APAC Bioelectric Medicine Market by Country, 2019-2030, $ mn
Table 39. Japan Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 40. Japan Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 41. China Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 42. China Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 43. Australia Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 44. Australia Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 45. India Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 46. India Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 47. South Korea Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 48. South Korea Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 49. Bioelectric Medicine Market in Rest of APAC by Country, 2019-2030, $ mn
Table 50. South America Bioelectric Medicine Market by Country, 2019-2030, $ mn
Table 51. Argentina Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 52. Argentina Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 53. Brazil Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 54. Brazil Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 55. Chile Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 56. Chile Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 57. MEA Bioelectric Medicine Market by Country, 2019-2030, $ mn
Table 58. UAE Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 59. UAE Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 60. Saudi Arabia Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 61. Saudi Arabia Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 62. South Africa Bioelectric Medicine Market by Product Type, 2019-2030, $ mn
Table 63. South Africa Bioelectric Medicine Market by End User, 2019-2030, $ mn
Table 64. Spinal Cord Stimulation Device Market by Key Vendor, 2019, %
Table 65. Cochlear Implant Market by Key Vendor, 2019, %
Table 66. Pacemaker and ICD Market by Key Vendor, 2019, %
Table 67. FDA Approved Products of Key Vendors
Table 68. Abbott Laboratories: Company Snapshot
Table 69. Abbott Laboratories: Business Segmentation
Table 70. Abbott Laboratories: Product Portfolio
Table 71. Abbott Laboratories: Revenue, 2018-2020, $ mn
Table 72. BIOTRONIK SE & Co. KG: Company Snapshot
Table 73. Boston Scientific Corp.: Company Snapshot
Table 74. Boston Scientific Corp.: Business Segmentation
Table 75. Boston Scientific Corp.: Product Portfolio of Medical Devices
Table 76. Cochlear Limited: Company Snapshot
Table 77. Cochlear Limited: Operational Overview with Sales Revenue ($ mn) and Sales Volume (units), 2020-2021
Table 78. Cochlear Limited: Product Portfolio
Table 79. electroCore, Inc.: Company Snapshot
Table 80. Inspire Medical Systems, Inc..: Company Snapshot
Table 81. LivaNova PLC: Company Snapshot
Table 82. LivaNova PLC: Product Portfolio
Table 83. Medtronic Inc.: Company Snapshot
Table 84. Medtronic Inc.: Net Revenue by Segment, 2018-2020, $ bn
Table 85. Medtronic Inc.: Net Revenue by Region, 2017-2019, $ bn
Table 86. Medtronic Inc.: Product Portfolio of Medical Devices
Table 87. Medtronic Inc.: Product Portfolio of Bioelectric Medicine
Table 88. NeuroMetrix, Inc: Company Snapshot
Table 89. NeuroMetrix, Inc: Product Portfolio
Table 90. Nevro Corp.: Company Snapshot
Table 91. Nevro Corp.: Product Portfolio
Table 92. Nuvectra Corporation: Company Snapshot
Table 93. Omron Corporation: Company Snapshot
Table 94. Omron Corporation: Business Segmentation
Table 95. Pixium Vision: Company Snapshot
Table 96. Pixium Vision: Product Portfolio
Table 97. Second Sight Medical Products Inc: Company Snapshot
Table 98. Second Sight Medical Products Inc: Product Portfolio
Table 99. SetPoint Medical: Company Snapshot
Table 100. Sonova Holding AG: Company Snapshot
Table 101. Sonova Holding AG: Main Brands and Products
Table 102. St. Jude Medical, Inc.: Company Snapshot
Table 103. Stimwave LLC: Company Snapshot
Table 104. Stimwave LLC: Product Portfolio
Table 105. Risk Evaluation for Investing in Global Market, 2020-2030
Table 106. Critical Success Factors and Key Takeaways

List Of Figures

LIST OF FIGURES

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030
Figure 4. Global Bioelectric Medicine Market, 2019-2030, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Global Bioelectric Medicine Market
Figure 7. Worldwide Geriatric Population (60 years and above) by Region, 2015 & 2030, million
Figure 8. World Population 65 and over, % of Total Population, 1950-2060
Figure 9. Primary Restraints and Impact Factors of Global Bioelectric Medicine Market
Figure 10. Investment Opportunity Analysis
Figure 11. Porter’s Fiver Forces Analysis of Global Bioelectric Medicine Market
Figure 12. Breakdown of Global Bioelectric Medicine Market by Product Type, 2020-2030, % of Sales Revenue
Figure 13. Global Addressable Market Cap in 2021-2030 by Product Type, Value ($ mn) and Share (%)
Figure 14. Global Bioelectric Medicine Market: Implantable Bioelectric Medicine, 2019-2030, $ mn
Figure 15. Global Bioelectric Medicine Market: Cardiac Pacemaker, 2019-2030, $ mn
Figure 16. Global Bioelectric Medicine Market: Implantable Cardioverter Defibrillators (ICD), 2019-2030, $ mn
Figure 17. Global Bioelectric Medicine Market: Spinal Cord Stimulators, 2019-2030, $ mn
Figure 18. Global Bioelectric Medicine Market: Cochlear Implants, 2019-2030, $ mn
Figure 19. Global Bioelectric Medicine Market: Deep Brain Stimulators, 2019-2030, $ mn
Figure 20. Global Bioelectric Medicine Market: Vagus Nerve Stimulators, 2019-2030, $ mn
Figure 21. Global Bioelectric Medicine Market: Sacral Nerve Stimulators, 2019-2030, $ mn
Figure 22. Global Bioelectric Medicine Market: Retinal Implants, 2019-2030, $ mn
Figure 23. Global Bioelectric Medicine Market: Other Implantable Bioelectric Medicines, 2019-2030, $ mn
Figure 24. Global Bioelectric Medicine Market: Non-invasive Bioelectric Medicine, 2019-2030, $ mn
Figure 25. Global Bioelectric Medicine Market: Transcutaneous Electrical Nerve Stimulators, 2019-2030, $ mn
Figure 26. Global Bioelectric Medicine Market: Transcranial Magnetic Stimulation (TMS), 2019-2030, $ mn
Figure 27. Global Bioelectric Medicine Market: Pulsed Electromagnetic Field Therapy, 2019-2030, $ mn
Figure 28. Global Bioelectric Medicine Market: Other Non-invasive Bioelectric Medicines, 2019-2030, $ mn
Figure 29. Breakdown of Global Bioelectric Medicine Market by End User, 2020-2030, % of Sales Revenue
Figure 30. Global Addressable Market Cap in 2021-2030 by End User, Value ($ mn) and Share (%)
Figure 31. Global Bioelectric Medicine Market: Hospitals and Clinics, 2019-2030, $ mn
Figure 32. Global Bioelectric Medicine Market: Research Institutes, 2019-2030, $ mn
Figure 33. Global Bioelectric Medicine Market: Individual Users, 2019-2030, $ mn
Figure 34. Global Market Snapshot by Region
Figure 35. Geographic Spread of Worldwide Bioelectric Medicine Market, 2020-2030, % of Sales Revenue
Figure 36. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%)
Figure 37. Health Spending as a Share of GDP by Country, 2015 and 2030
Figure 38. North American Bioelectric Medicine Market, 2019-2030, $ mn
Figure 39. Breakdown of North America Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue
Figure 40. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)
Figure 41. U.S. Bioelectric Medicine Market, 2019-2030, $ mn
Figure 42. Canada Bioelectric Medicine Market, 2019-2030, $ mn
Figure 43. Bioelectric Medicine Market in Mexico, 2019-2030, $ mn
Figure 44. European Bioelectric Medicine Market, 2019-2030, $ mn
Figure 45. Breakdown of European Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue
Figure 46. Contribution to Europe 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)
Figure 47. Bioelectric Medicine Market in Germany, 2019-2030, $ mn
Figure 48. Bioelectric Medicine Market in UK, 2019-2030, $ mn
Figure 49. Bioelectric Medicine Market in France, 2019-2030, $ mn
Figure 50. Bioelectric Medicine Market in Spain, 2019-2030, $ mn
Figure 51. Bioelectric Medicine Market in Italy, 2019-2030, $ mn
Figure 52. Bioelectric Medicine Market in Russia, 2019-2030, $ mn
Figure 53. Bioelectric Medicine Market in Rest of Europe, 2019-2030, $ mn
Figure 54. Asia-Pacific Bioelectric Medicine Market, 2019-2030, $ mn
Figure 55. Breakdown of APAC Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue
Figure 56. Contribution to APAC 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)
Figure 57. Bioelectric Medicine Market in Japan, 2019-2030, $ mn
Figure 58. Bioelectric Medicine Market in China, 2019-2030, $ mn
Figure 59. Bioelectric Medicine Market in Australia, 2019-2030, $ mn
Figure 60. Bioelectric Medicine Market in India, 2019-2030, $ mn
Figure 61. Bioelectric Medicine Market in South Korea, 2019-2030, $ mn
Figure 62. Bioelectric Medicine Market in Rest of APAC, 2019-2030, $ mn
Figure 63. South America Bioelectric Medicine Market, 2019-2030, $ mn
Figure 64. Breakdown of South America Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue
Figure 65. Contribution to South America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)
Figure 66. Bioelectric Medicine Market in Argentina, 2019-2030, $ mn
Figure 67. Bioelectric Medicine Market in Brazil, 2019-2030, $ mn
Figure 68. Bioelectric Medicine Market in Chile, 2019-2030, $ mn
Figure 69. Bioelectric Medicine Market in Rest of South America, 2019-2030, $ mn
Figure 70. Bioelectric Medicine Market in Middle East and Africa (MEA), 2019-2030, $ mn
Figure 71. Breakdown of MEA Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue
Figure 72. Contribution to MEA 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)
Figure 73. Bioelectric Medicine Market in UAE, 2019-2030, $ mn
Figure 74. Bioelectric Medicine Market in Saudi Arabia, 2019-2030, $ mn
Figure 75. Bioelectric Medicine Market in South Africa, 2019-2030, $ mn
Figure 76. Growth Stage of Global Bioelectric Medicine Industry over the Forecast Period