Bioelectronic Medicine Market to Grow with a CAGR of 6.10% through 2030
The
increasing prevalence of chronic disorders is expected to drive the Global
Bioelectronic Medicine Market during the forecast period, 2026-2030.
According to TechSci Research report, “Bioelectronic Medicine Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2030F”, the
Global Bioelectronic Medicine Market was valued at USD 23.54 Billion in
2024 and is expected to reach USD 33.59 Billion by 2030 with a CAGR of
6.10%. This can be ascribed to the rising prevalence of neurological
disorders along with the growing focus on the healthcare sector by government
organizations for innovation and research and development projects for more
efficient therapies across the globe. Similarly, an increasing number of the
elderly population are susceptible to chronic diseases, and huge investments by
some big companies in the medical field will boost the opportunities in the
market during the forecast period. Additionally, the increasing approvals for
advanced bioelectric medicine and the presence of advanced medical devices for
the treatment of different types of chronic diseases are further expected to
increase the demand for the bioelectronic medicine market during the
forecast period.
However,
high costs related to the setup of medical devices and treatment may hamper the
global bioelectronic medicine market during the forecast period. Similarly,
side effects associated with the treatment and a lack of efficacy related to
treatment can restrict the growth of the global bioelectronic medicine market
during the forecast period. Additionally, the lack of skilled professionals and
lack of awareness about advanced treatment in the medical sector can restrict
the growth of the market during the forecast period.
The Global Bioelectronic Medicine market is segmented into type, product,
application, end-user, regional distribution, and company.
Based on Product, the Vagus Nerve Stimulators (VNS) segment is projected
to exhibit the fastest growth in the Global Bioelectronic Medicine Market
during the forecast period. This rapid growth can be attributed to the
increasing number of patients with neurological and psychiatric disorders such
as epilepsy, treatment-resistant depression (TRD), anxiety disorders, and
Alzheimer's disease, where vagus nerve stimulation is being increasingly used
either as a primary or adjunct therapy. According to the World Health
Organization (WHO), neurological disorders affect nearly one in three people
globally, and depression is the leading cause of disability worldwide,
affecting over 280 million people. These growing patient numbers are
significantly boosting the demand for alternative treatments like VNS.
Based on the Region, Asia-Pacific is projected to register
the fastest growth in the Global Bioelectronic Medicine Market during the
forecast period. This rapid expansion is driven by a combination of increasing
healthcare demand, rising investments in medical technology, and supportive
government initiatives aimed at advancing healthcare infrastructure and
innovation in emerging economies such as China, India, South Korea, and Japan.
The growing burden of chronic diseases in the region is a significant driver of
bioelectronic medicine adoption. According to the World Health Organization
(WHO), non-communicable diseases (NCDs) such as cardiovascular conditions,
diabetes, and neurological disorders account for over 60% of total deaths in
Asia-Pacific. This alarming trend has created a strong demand for more
effective, minimally invasive, and innovative therapeutic solutions—an area
where bioelectronic medicine has shown substantial promise.
Major
companies operating in the Global Bioelectronic Medicine Market are:
- Medtronic
plc
- Abbott
Laboratories
- Boston
Scientific Corporation
- Cochlear
Ltd.
- LivaNova
PLC
- Soterix
Medical Inc.
- Bioinduction
Ltd.
- GiMer
Medical
- CEFALY
- BioControl
Medical
Customers can also request for 10% free customization on this report.
“The Market is expected to register the lucrative growth owing to the
increasing development in the healthcare sector along with collaboration
between pharmaceutical companies to develop new treatments across the region.
Similarly, the growing investment in research and development in the healthcare
sector for advanced treatment with the rapid adoption of new technology is
expected to further drive the market growth during the forecast period.
Additionally, the growing aging population pool with improving healthcare
infrastructure is expected to drive the demand for the tendonitis treatment
market during the forecast period.,” said Mr. Karan Chechi, Research Director
of TechSci Research, a research-based global management consulting firm.
“Bioelectronic Medicine Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Type (Implantable, Non-invasive),
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, Others), By Application (Arrhythmia, Pain management,
Sensorineural hearing loss, Parkinson’s disease, Tremor, Depression,
Treatment-resistant depression, Epilepsy, Urinary and fecal incontinence,
Others), By End User (Hospitals, Individual Users, Homecare Centers, Ambulatory
Surgical Centers, Specialty Clinics, Others), By Region and Competition,
2020-2030F”, has evaluated the future growth potential of the global
bioelectronic medicine market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global
bioelectronic medicine market.
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