The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

According to The Business Research Company’s Electroceuticals Global Market Report for 2023, the worldwide electroceuticals market should rise from $20.33 billion in 2022 to $21.81 billion in 2023, reflecting a 7.3% compound annual growth rate (CAGR). Anticipated market growth by 2027 suggests a size of $28.44 billion, growing at a CAGR of 6.9%.

What was the major driver in the electroceuticals market
Rising chronic disease prevalence will drive electroceuticals market growth. Chronic diseases are persistent health conditions lasting over three months and often worsening. Electroceuticals offer effective, personalized, minimally invasive solutions, countering treatment resistance. In January 2023, the US National Library of Medicine predicted a 99.5% increase in people aged 50+ with at least one chronic condition by 2050, from 71.522 million in 2020 to 142.66 million, underlining electroceuticals’ importance.

View More On The Electroceuticals Market Report 2023 – https://www.thebusinessresearchcompany.com/report/electroceuticals-global-market-report

What was the key trend in the electroceuticals market?
Enhanced technology is a major trend in the electroceuticals market, with leading companies introducing advanced devices to improve patient care and maintain their market position. An example is Medtronic PLC, which launched the Percept PC DBS system in July 2021, featuring BrainSense technology for movement disorders like Parkinson’s and epilepsy. This innovative device captures brain signals during therapeutic stimulation, offering comfort and catering to Parkinson’s, tremors, dystonia, and epilepsy patients.

Which was the largest region in the electroceuticals market?
North America was the largest region in the electroceuticals market in 2022. The regions covered in the electroceuticals report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the electroceuticals market prominent players?
Major players in the electroceuticals market are Abbott Laboratories Inc., Medtronic Public Limited Company, Boston Scientific Corporation, Sonova Holding AG, Biotronik SE & Co. KG, Cochlear Limited, LivaNova PLC, MicroPort Scientific Corporation Limited, MED-EL Elektromedizinische Geräte GmbH, Nevro Corporation, Axonics Modulation Technologies Inc., Oticon Medical, Neuronetics Inc., Nuvectra Corporation, NeuroPace Inc., Second Sight Medical Products Inc, Saluda Medical Pty. Ltd., Stimwave Technologies Incorporated, electroCore Inc., Synapse Biomedical Inc., Soterix Medical Inc., Retina Implant AG, MicroTransponder Inc., Vomaris Innovations Inc., SPR Therapeutics Inc., NeuroSigma Inc., Nexeon MedSystems Inc., BioElectronics Corporation, Setpoint Medical Corporation, and Endonovo Therapeutics Inc.

Key electroceuticals market segments
The global electroceuticals market is segmented –
1) By Type: Implantable Electroceutical Devices, Non-Invasive Electroceutical Devices
2) By Product: Implantable Cardioverter Defibrillators, Cardiac Pacemakers, Cochlear Implants, Spinal Cord Stimulators, Deep Brain Stimulators, Transcutaneous Electrical Nerve Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators, Other Products
3) By Application: Arrhythmia, Depression, Parkinson’s Disease, Tremor, Epilepsy, Sensorineural Hearing Loss, Other Applications
4) By End-User: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End Users

Request A Sample Of The Global Electroceuticals Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=12263&type=smp

The Electroceuticals Global Market Report 2023  provides a comprehensive overview on the electroceuticals market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Electronics And Appliance Stores Global Market Report 2023
Electronic And Precision Equipment Repair And Maintenance Global Market Report 2023
Electrophysiology Devices And Equipment Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model