Electroceutical devices are target specific and stimulate nerves or tissues through electric impulses, which enable to alleviate or relieve various conditions of the body. Electroceutical devices are employed as an alternative to drug-based remediation. Browse Full Research Report: http://www.transparencymarketresearch.com/electroceutical-devices-market.html

1. Electroceutical Devices Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024
Transparency Market Research Reports incorporated a definite
business overview and investigation inclines on "Electroceutical
Devices Market". This report likewise incorporates more
illumination about fundamental review of the business including
definitions, requisitions and worldwide business sector industry
structure.
Electroceutical devices are target specific and stimulate nerves
or tissues through electric impulses, which enable to alleviate or
relieve various conditions of the body. Electroceutical devices
are employed as an alternative to drug-based remediation.
Furthermore, the technological enhancements, including
wearable devices, and miniaturized devices, among others have
been a significant contributing factor for the growth of the
market. The technological innovations in the market include the
development of the Stimwave electroceutical device which does
not contain toxic materials and does not hold any internal
batteries.
Browse Full Research Report on Electroceutical Devices
Market:
http://www.transparencymarketresearch.com/electroceutical-devices-
market.html

2. In August 2016, GlaxosmithKline entered into an agreement
with Google’s life science spinoff, Verily to form a joint venture,
Galvani Bioelectronics for the development of miniature
electroceutical devices. Through this joint venture, both the
companies intend to invest over US$ 700 Mn over a period of
four years. In addition, National Institute of Health (NIH) also
invested US$ 250 Mn on its project SPARC (Stimulating
Peripheral Activity to Relieve Conditions).
Electroceutical devices market can be segmented based on the
products, by application, by end users and by region. The market
can be segmented into implantable electroceutical devices and
non-invasive devices, on the basis of product. Implantable
electroceutical devices can be further segmented into cardiac
pacemakers, implantable cardioventer defibrillators, spinal cord
stimulators, deep brain stimulators, and vagus nerve stimulators,
among others.
On the basis of application, electroceutical devices market can
be segmented into pain management, neurology, urology,
hearing aids, cardiology, gasteroenterology, and ophthalmology,
among others. Hospitals, individual users, and research institutes
form the major end users of the market. On the basis of region,
the market has been segmented into North America, Europe,
Latin America, Asia Pacific, and Middle East & Africa.

3. Electroceutical devices are gaining importance as an alternative
to pharmaceutical products as they do not lead to side effects. In
addition, growing prevalence of neurological conditions such as
Parkinson’s disease, and depression among others contribute to
the growth of the market. Furthermore, increasing investments
by market players on research and development, along with the
cost effectiveness of these devices has been driving the growth
of the market. However, the usage of these devices is done as a
trial and error method and This might have a negative impact on
the growth of the market.
Implantable electroceutical devices are the widely employed
product category, of which pacemakers and ICDs are the key
products contributing to the growth of the market. North
America accounts for the major share followed by Europe in the
global electroceutical devices market. This can be attributed to
increasing geriatric population, rising prevalence of chronic
diseases, growing technological innovations, and increase in
product approvals.
In addition, availability of reimbursement and high investments
in healthcare infrastructure contribute to the growth of the
market. However, the sluggish economic conditions in North
America and Europe, and the changing government regulations
related to healthcare spending might negatively impact the
market. Asia Pacific is expected to grow at an impressive CAGR
during the forecast period.

4. The growing healthcare industry, rising medical tourism,
increasing awareness among people and the growing economy
contribute to the growth of the market in the region. India, China
and Brazil are expected to drive strong growth among the
emerging countries, owing to the increasing investments by the
government to enhance the healthcare facilities.
Major players in the electroceutical devices market include
Biotronik, Boston Scientific Corporation, Cochlear Limited,
ElectroCore LLC, EnteroMedics Inc., LivaNova PLC,
Medtronic plc, NeuroSigma, Inc., Nevro Corporation, Second
Sight Medical Products, Inc., Sonova Holding AG, and St. Jude
Medical, Inc., among other significant players worldwide.
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