DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Electroceutical Devices Global Market - Forecast To 2022" report to their offering.
Factors driving the electroceutical devices market include: projected increase in patients with chronic pain, neurological diseases, psychiatric conditions, cardiology conditions, and improvements in technology such as miniaturization, better battery technology, wearable devices, and wireless micro-current stimulation. However, shocking areas of neural tissue to stimulate the desired response, electrical devices being clunky and imprecise, and mode of action is not known therefore it is a trial and error method; these factors are hampering the market growth. Advancement of technology with its wide application areas shows that electroceutical devices market has vast opportunities in the coming years.
Electroceutical devices market is segmented on the basis of technology as internal and external electroceutical devices. The internal electroceutical devices are classified into Spinal Cord Stimulation (SCS), Deep Brain Stimulation (DBS), Vagus Nerve Stimulation (VNS), Sacral Nerve Stimulation (SNS), Pacemakers, Implantable Cardioverter Defibrillator (ICD), Cochlear Implants and Others with Gastric Electrical Stimulation (GES) and Respiratory Electrical Stimulation (RES)/Phrenic Nerve Stimulation (PNS).
The external electroceutical devices are classified as Transcutaneous External Nerve Stimulation (TENS), External Pacemakers, External Defibrillators and Others (Tumour Treating Fields (TTF), Micro-current stimulation).
Based on the application the electroceutical devices market is segmented into Pain Management, Central Nervous System (CNS), Gastroenterology/Urology, Hearing aids, Cardiology and other applications. Based on end-users the market is segmented into hospitals and home care.
North America accounts for the highest market share followed by Europe. The steep rise in ageing population, advancement in technology, awareness of people and favorable government policies makes U.S. the leader of electroceutical devices market. However, Asian countries especially India and China are the fast growing regions with its growing demand for electroceutical devices.
Major players in Electroceuticals devices market include
- Boston Scientific (U.S.)
- St. Jude Medical (U.S)
- Cogentix medical (U.S.)
- LivaNova (U.K.)
- Biotronik (Germany)
- NeuroMetrix (U.S.)
- Nevro Corporation (U.S.)
Key Topics Covered:
1 Executive Summary
3 Market Analysis
4 Electroceutical Devices Global Market, By Technology
5 Electroceutical Devices Global Market, By Applications
6 Electroceutical Devices Global Market, By End-Users
7 Regional Analysis
8 Competitive Landscape
9 Major Companies
For more information about this report visit http://www.researchandmarkets.com/research/nfwlvl/electroceutical
Related Topics: Neurology Devices