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Global Bioelectric Medicine Market 2020-2030
Global Bioelectric Medicine Market 2020-2030

2020

Global Bioelectric Medicine Market 2020-2030

Global bioelectric medicine market will reach $39.06 billion by 2030, growing by 6.4% annually over 2020-2030 driven by growing geriatric population and rising acceptance of bioele

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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 6.4% annually over 2020-2030 driven by growing geriatric population and rising acceptance of bioelectric medicines. Highlighted with 71 tables and 76 figures, this 169-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 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (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.) 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

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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: • 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, and Sri Lanka) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania) • North America (U.S., Canada, and Mexico) • South America (Brazil, Chile, Argentina, Rest of South America) • RoW (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.)

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Table of Contents

  • 1 Introduction 8
  • 1.1 Industry Definition and Research Scope 8
  • 1.1.1 Industry Definition 8
  • 1.1.2 Research Scope 9
  • 1.2 Research Methodology 12
  • 1.2.1 Overview of Market Research Methodology 12
  • 1.2.2 Market Assumption 13
  • 1.2.3 Secondary Data 13
  • 1.2.4 Primary Data 13
  • 1.2.5 Data Filtration and Model Design 15
  • 1.2.6 Market Size/Share Estimation 16
  • 1.2.7 Research Limitations 17
  • 1.3 Executive Summary 18
  • 2 Market Overview and Dynamics 20
  • 2.1 Market Size and Forecast 20
  • 2.1.1 Impact of COVID-19 on the Market 21
  • 2.2 Major Growth Drivers 23
  • 2.3 Market Restraints and Challenges 27
  • 2.4 Emerging Opportunities and Market Trends 30
  • 2.5 Porter’s Fiver Forces Analysis 34
  • 3 Segmentation of Global Market by Product Type 38
  • 3.1 Market Overview by Product Type 38
  • 3.2 Implantable Bioelectric Medicine 40
  • 3.2.1 Cardiac Pacemaker 42
  • 3.2.2 Implantable Cardioverter Defibrillators (ICD) 43
  • 3.2.3 Spinal Cord Stimulators 44
  • 3.2.4 Cochlear Implants 45
  • 3.2.5 Deep Brain Stimulators 46
  • 3.2.6 Vagus Nerve Stimulators 47
  • 3.2.7 Sacral Nerve Stimulators 48
  • 3.2.8 Retinal Implants 49
  • 3.2.9 Other Implantable Bioelectric Medicines 50
  • 3.3 Non-invasive Bioelectric Medicine 51
  • 3.3.1 Transcutaneous Electrical Nerve Stimulators 53
  • 3.3.2 Transcranial Magnetic Stimulation (TMS) 54
  • 3.3.3 Pulsed Electromagnetic Field Therapy 55
  • 3.3.4 Other Non-invasive Bioelectric Medicines 56
  • 4 Segmentation of Global Market by End User 57
  • 4.1 Market Overview by End User 57
  • 4.2 Hospitals and Clinics 59
  • 4.3 Research Institutes 60
  • 4.4 Individual Users 61
  • 5 Segmentation of Global Market by Region 62
  • 5.1 Geographic Market Overview 2019-2030 62
  • 5.2 North America Market 2019-2030 by Country 68
  • 5.2.1 Overview of North America Market 68
  • 5.2.2 U.S. 72
  • 5.2.3 Canada 78
  • 5.2.4 Mexico 80
  • 5.3 European Market 2019-2030 by Country 82
  • 5.3.1 Overview of European Market 82
  • 5.3.2 Germany 86
  • 5.3.3 UK 88
  • 5.3.4 France 90
  • 5.3.5 Spain 92
  • 5.3.6 Italy 94
  • 5.3.7 Russia 96
  • 5.3.8 Rest of European Market 98
  • 5.4 Asia-Pacific Market 2019-2030 by Country 100
  • 5.4.1 Overview of Asia-Pacific Market 100
  • 5.4.2 Japan 104
  • 5.4.3 China 107
  • 5.4.4 Australia 109
  • 5.4.5 India 111
  • 5.4.6 South Korea 113
  • 5.4.7 Rest of APAC Region 115
  • 5.5 South America Market 2019-2030 by Country 117
  • 5.5.1 Argentina 120
  • 5.5.2 Brazil 122
  • 5.5.3 Chile 124
  • 5.5.4 Rest of South America Market 126
  • 5.6 MEA Market 2019-2030 by Country 127
  • 5.6.1 UAE 130
  • 5.6.2 Saudi Arabia 132
  • 5.6.3 South Africa 134
  • 5.6.4 Other National Markets 136
  • 6 Competitive Landscape 137
  • 6.1 Overview of Key Vendors 137
  • 6.2 New Product Launch, Partnership, Investment, and M&A 143
  • 6.3 Company Profiles 144
  • Abbott Laboratories 144
  • BIOTRONIK SE & Co. KG 146
  • Boston Scientific Corporation 147
  • Cochlear Limited 148
  • electroCore, Inc. 149
  • Inspire Medical Systems, Inc. 150
  • LivaNova PLC 151
  • Medtronic PLC 152
  • NeuroMetrix, Inc 153
  • Nevro Corp. 154
  • Nuvectra Corporation 155
  • OMRON CORPORATION 156
  • Pixium Vision 157
  • Second Sight Medical Products Inc 158
  • SetPoint Medical 159
  • Sonova Holding AG 160
  • St. Jude Medical, Inc. 161
  • Stimwave LLC 162
  • 7 Investing in Global Market: Risk Assessment and Management 163
  • 7.1 Risk Evaluation of Global Market 163
  • 7.2 Critical Success Factors (CSFs) 166
  • Related Reports and Products 169

Table 1. Snapshot of Global Bioelectric Medicine Market, 2019-2030 19
Table 2. Projection of Global Disease Incidences Treated by Bioelectric Medicine, 2019-2030, million 26
Table 3. Main Product Trends and Market Opportunities in Global Bioelectric Medicine Market 30
Table 4. Global Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 38
Table 5. Global Implantable Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 41
Table 6. Global Bioelectric Medicine Market: Spinal Cord Stimulators by Application, 2019-2030, $ mn 44
Table 7. Global Bioelectric Medicine Market: Deep Brain Stimulators by Application, 2019-2030, $ mn 46
Table 8. Global Bioelectric Medicine Market: Sacral Nerve Stimulators by Application, 2019-2030, $ mn 48
Table 9. Global Non-invasive Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 52
Table 10. Global Bioelectric Medicine Market by End User, 2019-2030, $ mn 57
Table 11. Global Bioelectric Medicine Market by Region, 2019-2030, $ mn 63
Table 12. Total Health Expenditure per capita in PPP International U.S. Dollars by Country 65
Table 13. Leading National Bioelectric Medicine Market, 2019 and 2030, $ mn 67
Table 14. North America Bioelectric Medicine Market by Country, 2019-2030, $ mn 70
Table 15. U.S. Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 74
Table 16. U.S. Bioelectric Medicine Market by End User, 2019-2030, $ mn 74
Table 17. Canada Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 79
Table 18. Canada Bioelectric Medicine Market by End User, 2019-2030, $ mn 79
Table 19. Mexico Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 81
Table 20. Mexico Bioelectric Medicine Market by End User, 2019-2030, $ mn 81
Table 21. Europe Bioelectric Medicine Market by Country, 2019-2030, $ mn 85
Table 22. Germany Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 87
Table 23. Germany Bioelectric Medicine Market by End User, 2019-2030, $ mn 87
Table 24. UK Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 89
Table 25. UK Bioelectric Medicine Market by End User, 2019-2030, $ mn 89
Table 26. France Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 91
Table 27. France Bioelectric Medicine Market by End User, 2019-2030, $ mn 91
Table 28. Spain Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 93
Table 29. Spain Bioelectric Medicine Market by End User, 2019-2030, $ mn 93
Table 30. Italy Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 95
Table 31. Italy Bioelectric Medicine Market by End User, 2019-2030, $ mn 95
Table 32. Russia Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 97
Table 33. Russia Bioelectric Medicine Market by End User, 2019-2030, $ mn 97
Table 34. Bioelectric Medicine Market in Rest of Europe by Country, 2019-2030, $ mn 99
Table 35. APAC Bioelectric Medicine Market by Country, 2019-2030, $ mn 102
Table 36. Japan Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 106
Table 37. Japan Bioelectric Medicine Market by End User, 2019-2030, $ mn 106
Table 38. China Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 108
Table 39. China Bioelectric Medicine Market by End User, 2019-2030, $ mn 108
Table 40. Australia Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 110
Table 41. Australia Bioelectric Medicine Market by End User, 2019-2030, $ mn 110
Table 42. India Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 112
Table 43. India Bioelectric Medicine Market by End User, 2019-2030, $ mn 112
Table 44. South Korea Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 114
Table 45. South Korea Bioelectric Medicine Market by End User, 2019-2030, $ mn 114
Table 46. Bioelectric Medicine Market in Rest of APAC by Country, 2019-2030, $ mn 116
Table 47. South America Bioelectric Medicine Market by Country, 2019-2030, $ mn 119
Table 48. Argentina Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 121
Table 49. Argentina Bioelectric Medicine Market by End User, 2019-2030, $ mn 121
Table 50. Brazil Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 123
Table 51. Brazil Bioelectric Medicine Market by End User, 2019-2030, $ mn 123
Table 52. Chile Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 125
Table 53. Chile Bioelectric Medicine Market by End User, 2019-2030, $ mn 125
Table 54. MEA Bioelectric Medicine Market by Country, 2019-2030, $ mn 129
Table 55. UAE Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 131
Table 56. UAE Bioelectric Medicine Market by End User, 2019-2030, $ mn 131
Table 57. Saudi Arabia Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 133
Table 58. Saudi Arabia Bioelectric Medicine Market by End User, 2019-2030, $ mn 133
Table 59. South Africa Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 135
Table 60. South Africa Bioelectric Medicine Market by End User, 2019-2030, $ mn 135
Table 61. Spinal Cord Stimulation Device Market by Key Vendor, 2019, % 139
Table 62. Cochlear Implant Market by Key Vendor, 2019, % 139
Table 63. Pacemaker and ICD Market by Key Vendor, 2019, % 139
Table 64. FDA Approved Products of Key Vendors, 2019, % 140
Table 65. Abbott Laboratories: Company Snapshot 144
Table 66. Abbott Laboratories: Business Segmentation 144
Table 67. Abbott Laboratories: Product Portfolio 145
Table 68. Abbott Laboratories: Revenue, 2016-2018, $ mn 145
Table 69. Abbott Laboratories: Recent Developments 145
Table 70. Risk Evaluation for Investing in Global Market, 2019-2030 164
Table 71. Critical Success Factors and Key Takeaways 167

Figure 1. Research Method Flow Chart 12
Figure 2. Breakdown of Primary Research 14
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 18
Figure 5. Global Bioelectric Medicine Market, 2019-2030, $ mn 20
Figure 6. Impact of COVID-19 on Business 21
Figure 7. Primary Drivers and Impact Factors of Global Bioelectric Medicine Market 23
Figure 8. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 26
Figure 9. Primary Restraints and Impact Factors of Global Bioelectric Medicine Market 27
Figure 10. Investment Opportunity Analysis 31
Figure 11. Porter’s Fiver Forces Analysis of Global Bioelectric Medicine Market 34
Figure 12. Breakdown of Global Bioelectric Medicine Market by Product Type, 2019-2030, % of Sales Revenue 38
Figure 13. Global Addressable Market Cap in 2020-2030 by Product Type, Value ($ mn) and Share (%) 39
Figure 14. Global Bioelectric Medicine Market: Implantable Bioelectric Medicine, 2019-2030, $ mn 40
Figure 15. Global Bioelectric Medicine Market: Cardiac Pacemaker, 2019-2030, $ mn 42
Figure 16. Global Bioelectric Medicine Market: Implantable Cardioverter Defibrillators (ICD), 2019-2030, $ mn 43
Figure 17. Global Bioelectric Medicine Market: Spinal Cord Stimulators, 2019-2030, $ mn 44
Figure 18. Global Bioelectric Medicine Market: Cochlear Implants, 2019-2030, $ mn 45
Figure 19. Global Bioelectric Medicine Market: Deep Brain Stimulators, 2019-2030, $ mn 46
Figure 20. Global Bioelectric Medicine Market: Vagus Nerve Stimulators, 2019-2030, $ mn 47
Figure 21. Global Bioelectric Medicine Market: Sacral Nerve Stimulators, 2019-2030, $ mn 48
Figure 22. Global Bioelectric Medicine Market: Retinal Implants, 2019-2030, $ mn 49
Figure 23. Global Bioelectric Medicine Market: Other Implantable Bioelectric Medicines, 2019-2030, $ mn 50
Figure 24. Global Bioelectric Medicine Market: Non-invasive Bioelectric Medicine, 2019-2030, $ mn 51
Figure 25. Global Bioelectric Medicine Market: Transcutaneous Electrical Nerve Stimulators, 2019-2030, $ mn 53
Figure 26. Global Bioelectric Medicine Market: Transcranial Magnetic Stimulation (TMS), 2019-2030, $ mn 54
Figure 27. Global Bioelectric Medicine Market: Pulsed Electromagnetic Field Therapy, 2019-2030, $ mn 55
Figure 28. Global Bioelectric Medicine Market: Other Non-invasive Bioelectric Medicines, 2019-2030, $ mn 56
Figure 29. Breakdown of Global Bioelectric Medicine Market by End User, 2019-2030, % of Sales Revenue 57
Figure 30. Global Addressable Market Cap in 2020-2030 by End User, Value ($ mn) and Share (%) 58
Figure 31. Global Bioelectric Medicine Market: Hospitals and Clinics, 2019-2030, $ mn 59
Figure 32. Global Bioelectric Medicine Market: Research Institutes, 2019-2030, $ mn 60
Figure 33. Global Bioelectric Medicine Market: Individual Users, 2019-2030, $ mn 61
Figure 34. Global Market Snapshot by Region 62
Figure 35. Geographic Spread of Worldwide Bioelectric Medicine Market, 2019-2030, % of Sales Revenue 63
Figure 36. Global Addressable Market Cap in 2020-2030 by Region, Value ($ mn) and Share (%) 64
Figure 37. Health Spending as a Share of GDP by Country, 2015 and 2030 66
Figure 38. North American Bioelectric Medicine Market, 2019-2030, $ mn 69
Figure 39. Breakdown of North America Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue 70
Figure 40. Contribution to North America 2020-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 71
Figure 41. U.S. Bioelectric Medicine Market, 2019-2030, $ mn 73
Figure 42. Canada Bioelectric Medicine Market, 2019-2030, $ mn 78
Figure 43. Bioelectric Medicine Market in Mexico, 2015-2030, $ mn 80
Figure 44. European Bioelectric Medicine Market, 2019-2030, $ mn 83
Figure 45. Breakdown of European Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue 84
Figure 46. Contribution to Europe 2020-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 85
Figure 47. Bioelectric Medicine Market in Germany, 2019-2030, $ mn 86
Figure 48. Bioelectric Medicine Market in UK, 2019-2030, $ mn 88
Figure 49. Bioelectric Medicine Market in France, 2019-2030, $ mn 90
Figure 50. Bioelectric Medicine Market in Spain, 2019-2030, $ mn 92
Figure 51. Bioelectric Medicine Market in Italy, 2019-2030, $ mn 94
Figure 52. Bioelectric Medicine Market in Russia, 2019-2030, $ mn 96
Figure 53. Bioelectric Medicine Market in Rest of Europe, 2019-2030, $ mn 98
Figure 54. Asia-Pacific Bioelectric Medicine Market, 2019-2030, $ mn 101
Figure 55. Breakdown of APAC Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue 101
Figure 56. Contribution to APAC 2020-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 103
Figure 57. Bioelectric Medicine Market in Japan, 2019-2030, $ mn 105
Figure 58. Bioelectric Medicine Market in China, 2019-2030, $ mn 107
Figure 59. Bioelectric Medicine Market in Australia, 2019-2030, $ mn 109
Figure 60. Bioelectric Medicine Market in India, 2019-2030, $ mn 111
Figure 61. Bioelectric Medicine Market in South Korea, 2019-2030, $ mn 113
Figure 62. Bioelectric Medicine Market in Rest of APAC, 2019-2030, $ mn 115
Figure 63. South America Bioelectric Medicine Market, 2019-2030, $ mn 118
Figure 64. Breakdown of South America Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue 118
Figure 65. Contribution to South America 2020-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 119
Figure 66. Bioelectric Medicine Market in Argentina, 2019-2030, $ mn 120
Figure 67. Bioelectric Medicine Market in Brazil, 2019-2030, $ mn 122
Figure 68. Bioelectric Medicine Market in Chile, 2019-2030, $ mn 124
Figure 69. Bioelectric Medicine Market in Rest of South America, 2019-2030, $ mn 126
Figure 70. Bioelectric Medicine Market in Middle East and Africa (MEA), 2019-2030, $ mn 128
Figure 71. Breakdown of MEA Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue 128
Figure 72. Contribution to MEA 2020-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 129
Figure 73. Bioelectric Medicine Market in UAE, 2019-2030, $ mn 130
Figure 74. Bioelectric Medicine Market in Saudi Arabia, 2019-2030, $ mn 132
Figure 75. Bioelectric Medicine Market in South Africa, 2019-2030, $ mn 134
Figure 76. Growth Stage of Global Bioelectric Medicine Industry over the Forecast Period 137

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