#Bioelectronics Market size

[kirancmi]

Bioelectronics Market Is Estimated To Witness High Growth Owing To Rising Applications In Healthcare

Bioelectronics is an interdisciplinary field that involves the merging of biology and electronics to develop devices and systems that combine biological and synthetic materials. Bioelectronics has applications in healthcare for developing implantable and wearable medical devices for monitoring health parameters such as electrocardiograms (ECG), electromyography (EMG), and electroencephalograms (EEG). Biosensors integrated into these devices can analyze blood, sweat or tissue samples to detect biomarkers for diseases. The global bioelectronics market is estimated to be valued at US$ 23530 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics The rising applications of bioelectronics in healthcare is driving the growth of the global bioelectronics market. Bioelectronic devices aid in monitoring health parameters remotely and continuously, thereby improving disease diagnosis and management. This is expected to support market growth over the forecast period. Further, ongoing research focused on the development of advanced bioelectronic medicines is also fueling demand. For instance, researchers are working on developing electronic drug delivery systems coupled with biological components to treat diseases including diabetes, cancer, or inflammatory conditions with tailored drug release profiles. However, high costs associated with developing advanced bioelectronic systems and obtaining regulatory approvals pose a challenge to market players. SWOT Analysis Strength: Bioelectronics technology has capabilities that could positively impact and advance healthcare. It has the potential to improve disease diagnosis and monitoring through more precise and personalized detection methods. Devices incorporating bioelectronics may help enhance treatment through remote monitoring and administration of therapies. This represents a strength as patients could benefit significantly from more proactive and tailored care approaches. Weakness: The bioelectronics field is still developing and refinements are ongoing to further strengthen performance of devices and integrate biocompatible materials. This presents some uncertainties that may discourage adoption until technologies achieve more proven results at commercial scales. Obtaining regulatory approval for new classes of medical devices can be lengthy and costly as well. Opportunity: An aging global population is driving demand for advanced healthcare solutions. The medical technology industry is actively investing in bioelectronics as a means to deliver personalized care for chronic diseases and conditions. This growing preventive medicine trend presents commercial opportunities as new types of diagnostic tools and therapeutic devices are brought to markets. Biosensors also show promise for applications in food safety, environmental monitoring and national security. Threats: Competing drug and device manufacturers may attempt to delay market entry of disruptive new bioelectronics through regulatory and legal challenges. Strict rules govern biosensing technologies and any adverse events involving new products could damage brands. Rapid changes occurring as the field evolves also present technical threats if standards and interfaces are not adequately stabilized before broad adoption. Key Takeaways The global bioelectronics market forecast is expected to witness high growth over the forecast period of 2023 to 2030 supported by a growing aging population with chronic conditions seeking more advanced healthcare solutions. The global bioelectronics market is estimated to be valued at US$ 23530 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.

Regional analysis: The Asia Pacific region is dominating the global bioelectronics market with the highest growth rate over the forecast period. This can be attributed to factors such as rising medical expenditures, expanding biotechnology industries, and government initiatives and investments promoting development of indigenous bioelectronic technologies particularly in India, China, and South Korea. The large patient pools and growing middle-class populations seeking access to advanced healthcare in Asia Pacific economies also contribute to high market potential.

Key players operating in the bioelectronics market are BBI-Biotech GmbH Bioengineering AG, Danaher Corporation, Eppendorf AG, Getinge, Infors HT, Merck KGAA, Sartorius AG, Solaris Biotech Solutions, and Thermo Fisher Scientific, Inc. Leading players are focused on new product approvals, partnerships and acquisitions to enhance their product portfolio and geographic presence in this rapidly evolving industry.

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Electrophysiology Market Growth, Size, and Industry Trends through 2032

The electrophysiology market is poised for significant growth over the coming years, driven by the rising incidence of cardiovascular diseases (CVDs), advancements in electrophysiology technologies, and an increasing demand for minimally invasive diagnostic and therapeutic procedures. Electrophysiology is a medical discipline that deals with the electrical properties of biological cells and tissues, particularly the heart. It plays a crucial role in diagnosing and treating heart arrhythmias, atrial fibrillation, and other cardiovascular disorders. The global electrophysiology market is expected to experience strong growth from 2025 to 2032, driven by continuous innovations, growing healthcare investments, and the increasing prevalence of heart-related diseases.

Electrophysiology is a specialized branch of cardiology that involves using electrical signals to diagnose, monitor, and treat heart conditions. Common applications include diagnostic procedures like electrophysiology studies (EPS), catheter ablation, and devices such as pacemakers and defibrillators. With technological advancements, electrophysiology is expanding into areas like bioelectronic medicine and artificial intelligence-assisted diagnostics.

The market for electrophysiology includes a wide range of products, such as diagnostic devices, catheters, electrophysiology monitoring systems, and ablation technologies. Key market players are continuously innovating to offer improved solutions for better patient outcomes, while the increasing prevalence of CVDs globally is fueling the demand for electrophysiology treatments.

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Market Outlook and Future Trends

The global electrophysiology market is expected to grow at a compound annual growth rate (CAGR) of over 13% from 2025 to 2032. This growth will be driven by several factors, including the increasing incidence of cardiovascular diseases, technological advancements in electrophysiology devices, and growing healthcare investments worldwide.

Key trends to watch for in the coming years include:

1. AI and Robotics Integration: Artificial intelligence (AI) and robotic-assisted surgery are expected to play a larger role in electrophysiology procedures, offering precision, reducing complications, and enhancing patient outcomes.

2. Bioelectronic Medicine: The rise of bioelectronic medicine, which focuses on using electrical impulses to treat diseases, could transform the landscape of electrophysiology.

3. Personalized Treatment: Advances in genomics and personalized medicine will allow for more tailored treatments, leading to better outcomes for patients with arrhythmias and other heart conditions.

Market Drivers

1. Rising Incidence of Cardiovascular Diseases: Cardiovascular diseases remain the leading cause of death worldwide, with a sharp rise in risk factors such as hypertension, diabetes, and an aging population. These conditions often lead to arrhythmias, heart attacks, and strokes, thereby increasing the need for electrophysiology procedures.

2. Technological Advancements: The market is witnessing continuous technological innovations, including high-resolution mapping systems, improved catheter designs, and advanced ablation techniques. These innovations make procedures more efficient, less invasive, and safer, leading to higher adoption rates among healthcare providers.

3. Growing Demand for Minimally Invasive Procedures: As patients and healthcare professionals seek minimally invasive options with quicker recovery times, electrophysiology procedures like catheter ablation have gained prominence. These techniques use advanced tools for treating arrhythmias, requiring smaller incisions, shorter hospital stays, and less postoperative pain.

4. Increasing Healthcare Investments: Governments and private players are heavily investing in healthcare infrastructure, especially in emerging economies. These investments are contributing to the widespread adoption of electrophysiology procedures and technologies, enabling better patient access to advanced treatments.

5. Rising Awareness and Early Diagnosis: Increasing awareness about the importance of early diagnosis and treatment of heart diseases is boosting the market for electrophysiology. Screening programs and preventive healthcare measures are leading to an uptick in the number of patients undergoing electrophysiology studies.

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Market Segmentation

The electrophysiology market is segmented based on product type, procedure type, end-user, and region.

1. By Product Type:

   - Electrophysiology Catheters: These devices are used for mapping and ablation procedures in the heart. They dominate the market due to their critical role in electrophysiology studies and treatments.

   - Electrophysiology Lab Systems: These systems, which include mapping systems and imaging tools, are used to visualize electrical activity within the heart.

   - Cardiac Ablation Devices: These devices, including radiofrequency and cryoablation technologies, are employed to treat arrhythmias by destroying abnormal heart tissue.

   - Other Products: This category includes diagnostic devices, stimulators, and monitoring equipment.

2. By Procedure Type:

   - Electrophysiology Studies (EPS): EPS is a diagnostic procedure used to assess the electrical function of the heart and identify arrhythmias.

   - Catheter Ablation: A common procedure to treat arrhythmias by destroying abnormal heart tissue with heat or cold.

   - Implantable Devices: Includes devices like pacemakers and defibrillators used for long-term management of arrhythmias.

3. By End-User:

   - Hospitals: The largest share of electrophysiology procedures is performed in hospitals, as they are equipped with advanced electrophysiology labs and specialized staff.

   - Cardiac Centers: Specialized cardiac centers are growing in popularity for offering advanced electrophysiology services.

   - Ambulatory Surgical Centers (ASCs): These centers are witnessing a rise in popularity due to lower costs and the ability to perform outpatient procedures.

4. By Region:

   - North America: The largest market share is held by North America, primarily driven by the U.S., where the demand for electrophysiology services is high due to the growing incidence of heart diseases and technological advancements.

   - Europe: Europe holds a significant share of the market, with countries like Germany, France, and the UK investing in advanced medical technologies and treatments.

   - Asia-Pacific: The Asia-Pacific region is expected to experience the highest growth rate due to improving healthcare infrastructure, an aging population, and increasing awareness of heart disease management.

   - Rest of the World: The Middle East, Latin America, and Africa are gradually adopting electrophysiology technologies as healthcare systems improve.

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Top Players in Electrophysiology Market

Johnson & Johnson

Abbott Laboratories

Medtronic PLC

Koninklijke Philips N.V.

GE Healthcare

Boston Scientific Corporation

Japan Lifeline

Stereotaxis

MicroPort Scientific Corporation

Biotronik

Acutus Medical

EP Solutions SA

APN Health, LLC

Osypka

EPMAP-System GmbH & Co. KG

CathRx Ltd.

Merit Medical Systems

Cook Medical

CathVision

TZ Medical

Teleflex

Lepu Medical Technology

CardioFocus

Schwarzer Cardiotek

Imricor Medical Systems

Market Challenges

1. High Cost of Procedures: Despite the technological advancements, electrophysiology procedures and equipment can be expensive. This may limit access in certain regions, particularly in low-income and middle-income countries, where affordability is a key concern.

2. Regulatory Challenges: The electrophysiology market faces stringent regulations related to product approvals and safety standards. Navigating these regulatory hurdles can delay the launch of new technologies and treatments, potentially affecting market growth.

3. Lack of Skilled Professionals: The need for highly trained electrophysiologists and technicians remains a bottleneck in expanding the adoption of advanced electrophysiology technologies, especially in underdeveloped regions.

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The electrophysiology market is undergoing rapid evolution, fueled by technological innovations, a growing patient population, and an increasing focus on minimally invasive procedures. With continued advancements in medical devices and a stronger focus on early diagnosis and treatment, the electrophysiology market is set for robust growth over the next decade, with key regions like North America and Asia-Pacific leading the charge. However, challenges related to cost, skilled workforce, and regulatory compliance will require ongoing attention for market players to capitalize on opportunities and deliver value to patients and healthcare systems.

[anujmrfr]

Microelectronic Medical Implants Market Size, Growth Outlook 2035

The global microelectronic medical implants market size was valued at USD 14.97 Billion in 2023 and is projected to grow at a CAGR of 11.63%, reaching USD 27.89 Billion by 2032

Summary

The microelectronic medical implants market is witnessing remarkable growth, driven by technological advancements in miniaturization, wireless connectivity, and biocompatible materials. These implants, including pacemakers, neurostimulators, cochlear implants, and retinal implants, have revolutionized modern medicine by offering long-term treatment solutions and remote health monitoring. The increasing prevalence of chronic diseases, rising geriatric population, and demand for minimally invasive medical procedures are key factors propelling market growth

Market Overview

Microelectronic medical implants are electronic devices embedded inside the human body to support, monitor, or treat various medical conditions. These implants enhance patient outcomes by ensuring continuous health monitoring, real-time data transmission, and customized therapeutic interventions. Significant advancements in biodegradable implants, energy-efficient chips, and wireless power transfer technologies have further improved implant longevity and functionality. The increasing adoption of smart implants in neurology, cardiology, and orthopedic applications has strengthened market demand. Additionally, governments and healthcare institutions are investing in R&D for next-generation bioelectronic implants, ensuring continued market innovation.

Market Size and Growth Analysis

The global microelectronic medical implants market size was valued at USD 14.97 Billion in 2023 and is projected to grow at a CAGR of 11.63%, reaching USD 27.89 Billion by 2032. The growing need for real-time health monitoring, personalized medicine, and advanced therapeutic solutions is driving demand for AI-integrated micro implants. The expanding applications of wireless micro implants in conditions such as epilepsy, chronic pain, hearing loss, and vision disorders are further fueling market growth.

Market Dynamics

Growth Drivers

Increasing Prevalence of Chronic Diseases: Rising cases of cardiovascular diseases, neurological disorders, and sensory impairments are boosting demand for implants like pacemakers, deep brain stimulators, and cochlear implants.

Technological Advancements in Miniaturization: Innovations in nanotechnology, bioMEMS, and 3D printing have led to smaller, more efficient, and longer-lasting implants.

Rising Demand for Wireless and AI-Integrated Implants: Smart implants with AI-based monitoring and remote programming capabilities are revolutionizing patient care.

Growing Geriatric Population: The aging population is more prone to neurodegenerative diseases, cardiac disorders, and orthopedic issues, necessitating implantable medical devices.

Challenges and Restraints

High Costs of Implantable Devices: The expensive nature of microelectronic implants limits their accessibility, particularly in developing countries.

Regulatory Barriers and Safety Concerns: Strict FDA, CE, and other regulatory approvals slow down market entry for new devices.

Risks of Implant Failure and Biocompatibility Issues: Implant rejection, tissue damage, and device malfunctions pose challenges to widespread adoption.

Regional Analysis

The North American market dominates due to technological leadership, high healthcare expenditure, and strong regulatory frameworks. The U.S. is a major contributor, with significant R&D investments and leading implant manufacturers. Europe follows closely, driven by favorable government policies and reimbursement programs. The Asia-Pacific region is experiencing rapid growth due to increasing healthcare infrastructure, rising medical tourism, and higher adoption of advanced implant technologies in countries like China, India, and Japan. The Middle East & Africa and Latin America are in early adoption stages but are expected to witness growth due to improving healthcare facilities and increased awareness of implantable devices.

Market Segmentation

By Product Type:

Cardiovascular Implants – Pacemakers, defibrillators, heart rhythm monitors

Neurological Implants – Deep brain stimulators, spinal cord stimulators

Sensory Implants – Cochlear implants, retinal implants

Orthopedic Implants – Smart joint replacements, bone stimulators

By Technology:

Wireless Microimplants

Biodegradable Implants

AI-Integrated Implants

By End-User:

Hospitals & Clinics – Major users for surgical implantation and postoperative monitoring

Specialty Centers – Neurology, cardiology, and orthopedic centers focusing on advanced implants

Home Healthcare – Increasing demand for remote patient monitoring devices

Key Market Players

The market for microelectronic medical implants is fragmented, with several large companies. Few big firms currently dominate the market in terms of market share. Some of the most well-known organizations are aggressively acquiring other businesses to strengthen their global market positions. The major key players in the Microelectronic medical implants market are as follows

Biomet Inc.

Cyberonics Inc.

Envoy Medical

Microsemi Corporation.

Neuropace Inc.

Retina Implant AG

Recent Developments

Development of AI-Based Smart Implants – Companies are integrating machine learning algorithms to improve implant performance and adaptability.

Advancements in Energy Harvesting Technologies – Researchers are exploring wireless charging implants and self-powered bioelectronics to eliminate battery dependency.

Strategic Collaborations and Mergers – Major players are acquiring startups and tech firms to expand their product portfolios.

Future Outlook and Opportunities

The future of the microelectronic medical implants market is promising, with next-generation biocompatible and smart implants transforming patient care. Innovations in implantable biosensors, wireless charging solutions, and regenerative implants will further enhance patient outcomes and device efficiency. For more information please visit @marketresearchfuture

[credenceresearchdotblog]

The Bioelectric Medicine market is projected to grow from USD 24,495.23 million in 2023 to USD 32,095.23 million by 2032, at a compound annual growth rate (CAGR) of 6.56%.The bioelectric medicine market is a rapidly evolving sector within the broader medical industry, driven by advancements in technology and an increasing understanding of the role electrical stimulation can play in treating a variety of conditions. This field merges principles from biology and electrical engineering to develop innovative therapies aimed at managing and curing diseases. In this article, we'll explore the key drivers, current trends, challenges, and future outlook of the bioelectric medicine market.

Browse the full report at https://www.credenceresearch.com/report/bioelectric-medicine-market

Key Drivers of the Market

1. Technological Advancements: Recent developments in bioelectronics have propelled the growth of the bioelectric medicine market. Innovations in implantable devices, neuromodulation technologies, and bioelectronic sensors have made it possible to design more effective and less invasive treatments. For example, advancements in neurostimulation devices have improved the management of chronic pain and neurological disorders.

2. Rising Incidence of Chronic Diseases: The prevalence of chronic conditions such as diabetes, Parkinson's disease, and epilepsy has spurred demand for bioelectric medicine solutions. These conditions often require long-term management, making bioelectronic therapies an attractive option due to their potential for continuous, targeted treatment.

3. Increasing Aging Population: The global aging population is another significant driver. As people live longer, they are more likely to experience age-related health issues that can benefit from bioelectric medicine. This demographic shift is fueling the demand for technologies that can improve quality of life and manage age-related ailments effectively.

4. Growing Awareness and Acceptance: There is an increasing awareness of bioelectric medicine among patients and healthcare providers. Improved patient education and acceptance of new technologies have contributed to the market's expansion. As more people become aware of the benefits and availability of bioelectronic therapies, the demand for these solutions continues to grow.

Current Trends

1. Development of Advanced Neuromodulation Devices: Neuromodulation, which involves altering nerve activity through targeted electrical stimulation, is a prominent trend in bioelectric medicine. Devices such as deep brain stimulators and spinal cord stimulators are becoming more sophisticated, offering improved outcomes for conditions like depression and chronic pain.

2. Integration of Artificial Intelligence (AI): AI is increasingly being integrated into bioelectronic devices to enhance their functionality. AI algorithms can optimize stimulation parameters, predict patient responses, and personalize treatment plans, leading to more effective and individualized therapies.

3. Emergence of Non-Invasive Technologies: There is a growing focus on developing non-invasive bioelectronic therapies. Techniques such as transcranial magnetic stimulation (TMS) and transcranial direct current stimulation (tDCS) offer alternatives to traditional invasive procedures, providing patients with safer and more comfortable treatment options.

4. Increased Investment and Research: Investment in bioelectric medicine research is on the rise, with both public and private sectors funding studies aimed at discovering new applications and improving existing technologies. This increased investment is driving innovation and accelerating the development of novel bioelectronic solutions.

Challenges Facing the Market

1. Regulatory Hurdles: The bioelectric medicine market faces significant regulatory challenges. Navigating the complex regulatory landscape for medical devices and ensuring compliance with stringent standards can be time-consuming and costly. This can impact the speed at which new technologies reach the market.

2. High Costs of Development: Developing bioelectric medicine technologies involves substantial research and development costs. The high cost of innovation can be a barrier to entry for smaller companies and may limit the affordability of new therapies for patients.

3. Limited Awareness and Adoption: Despite growing awareness, there is still a need for increased education about bioelectric medicine among both healthcare providers and patients. Limited understanding of these technologies can hinder their adoption and integration into standard treatment protocols.

Future Outlook

The bioelectric medicine market is poised for significant growth as technology continues to advance and the understanding of bioelectronic therapies deepens. The future of this market will likely be characterized by increased innovation, more personalized treatments, and greater integration of AI and non-invasive technologies. Additionally, as regulatory and cost barriers are addressed, the accessibility and adoption of bioelectric medicine are expected to improve, making these therapies more widely available to patients around the world.

Key player:

Medtronic

Abbott

Boston Scientific Corporation

Cochlear Ltd.

LivaNova PLC

Biotronik SE & Co. KG

electroCore, Inc.

Sonova

Nevro Corp.

Stimwave LLC

Segments:

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

By Type

Implantable Electroceutical Devices

Non-invasive Electroceutical Devices

By Application

Arrhythmia

Pain Management

Sensorineural Hearing Loss

Parkinson’s Disease

Tremor

Depression

Treatment-resistant Depression

Epilepsy

Urinary and Fecal Incontinence

Others

By End-use

Hospitals

Others

By Regional

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

India

Japan

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

MEA

South Africa

Saudi Arabia

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[morerushikesh]

The demand for Bioelectronics Market 2019 is anticipated to be high for the next few years. By considering this demand we provide the latest Bioelectronics Market Report which gives complete industry analysis, market outlook, size, growth and forecast till 2023.

[expertofmarketinsights-blog]

Bioelectronics Market: Moving Towards a Brighter Future 2018-2026

Bioelectronics is a branch of medical science that deals with the application of ideologies of biological sciences in electrical/electronic engineering. In simpler terms, bioelectronics is the combination of biology and electronics. This is an essential emerging field in medicine. Bioelectronics has led to the expansion of various devices such as the pacemaker and a wide variety of therapeutic imaging devices that are easily accessible. The nervous system transmits an endless number of signals to carry out various functions of the human body. This creates a highly lucrative growth prospect for the study of bioelectronics and the related market is projected to flourish over the next few years.

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Some of the major tools associated with bioelectronics are bioelectromagnetics, robotics, sensors, and neural networks. Bioelectronics have been making a huge impact in the medicinal field from its early days, however, bioelectronics’ role in medical science is likely to grow at an incredible pace during the forecast period, touching disparate healthcare specialties such as vision disorders and spinal injuries. Wide-ranging research and development activities related to bioelectronics will aid in the increasing health care market by facilitating on-site diagnosis as well. Apart from life sciences and medical research, it is used in ecological monitoring as well, with requirement for the latter anticipated to rise speedily in the forecast period, owing to growing danger of global warming around the globe.

Increasing awareness about bioelectronics is one of the key factors that will drive the growth of the market. High prevalence of cardiovascular diseases and rising usage of artificial pacemakers will propel the growth of bioelectronics market in the coming years. Additionally, increasing demand for home care and customized medicine are some of the other key drivers of the bioelectronics market. Moreover, sensors industrialized by bioelectronics research are responsible for the rise in demand for the bioelectronics products.

Rising demand for diagnostic tests and monitoring devices like cardiac pacemakers, devices for measuring blood glucose level, and other medical devices are expected to increase the market size. Increasing incidence of diabetes along with rising need to monitor blood glucose level is expected to impact the market optimistically. Advances in technology and growing innovation in the field are some of the other reasons that will drive the growth of the bioelectronics market over the forecast period.

Some of the key players operating in the global bioelectronics market are F. Hoffmann-La Roche Ltd, Abbott laboratories, LifeSensors, Siemens Healthcare, Nova Biomedical Corporation and AgaMatrix. Some of the other companies operating in the market are Bioelectronics Corporation, Sotera wireless, Beckman Coulter, Bodymedia, Avago, Danaher Corporation, Medtronics, Omnivision Technologies, and Roche, Sensirion.

Growing diabetic population and the increasing prevalence of heart diseases will drive the overall bioelectronics market

According to the Heart Foundation, in 2011, heart and other cardiovascular diseases led to 787 thousand fatalities in the U.S. alone. Moreover, as per International Diabetic Federation (IDF) around 415 million people suffered from diabetes in 2015. Since diabetic monitoring and control as well as heart failure patients need bioelectronics devices in the form of glucose monitoring devices, and artificial pacemakers, respectively, the market for bioelectronics product is likely to experience a huge surge in demand during the forecast period. This is attributed to rise in the number of patients suffering from the aforementioned diseases. Click To Read More On Bioelectronics Market.

North America held the maximum share of the bioelectronics market, owing to large number of applications in various healthcare segments. Rising occurrence of several grave diseases due to sedentary lifestyle; existence of large number of R&D facilities; and escalating adoptability of refined and advanced products by healthcare professionals, clinicians and patients, the bioelectronics market will see a significant growth momentum in this region. Asia Pacific is expected to observe a considerable growth due to improvement in healthcare infrastructure as well as speedy economic growth in the course of the forecast period.

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[precedenceresearch]

Bioelectric Medicine Market

The global bioelectric medicine market size is predicted to reach around US$ 36 billion by 2030, growing at a CAGR of 7.18 percent from 2022 to 2030, according to a 2022 study by Precedence Research, the Canada-based market Insight Company. Bioelectronics medical market is expected to grow during the forecast period pertaining to the rise in the number of chronic diseases which are mostly…

[industry365]

Brain Implants Market Is Expected To Reach New Growth Revenues During 2021-2028

The global brain implants market size is expected to reach USD 9.21 billion by 2028, according to a new study by Polaris Market Research. The report “Brain Implants Market Share, Size, Trends, Industry Analysis Report, By Product (Deep Brain Stimulators, Spinal Cord Stimulators, Vagus Nerve Stimulators); By Application (Chronic Pain, Epilepsy, Parkinson’s Disease, Depression, Essential Tremor, Alzheimer’s Disease); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

   Brain implants, also known as neural implants, are used in the electrical stimulation of the nervous system. There are many kinds of brain implants such as deep brain stimulator, spinal cord stimulator, and vagus nerve stimulator and all these devices have applications in the treatment of Alzheimer’s disease, Parkinson’s disease, epilepsy, and chronic pain.

 A deep brain stimulator is a neurostimulator that will transmit electrical impulses to specific regions in the brain that are affected due to various neuro disorders. A spinal cord stimulator is placed in the epidural space in the spine, and it will send electric currents to the nerves which help in relieving the pain in the patients. A Vagus nerve stimulator is implanted near the collarbone which will help the affected vagus nerve in sending signals to the brain.

 Epilepsy is one of the common neurological disorders and globally around 50 million people suffer from the disease. Middle-income and underdeveloped countries contribute to nearly 80% of epilepsy cases. Chronic pain is an important disorder that affects a significant population across the globe and in the U.S. alone over 20% of the population suffers from chronic pain.

 Numerous developments taking place in the field of brain implants with the launch of novel technologies such as brain implants enabled with MRI safety. There are also promising developments to develop implants by Neuralink that can unify human brains with computer interfaces through AI.

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 Some of the key market factors that will help in the market growth of the brain implant market include the increasing number of products launch along with increasing collaborations and acquisitions since the major players in the market are looking at spreading their presence globally. In January 2021, Boston Scientific Corporation received FDA approval for Vercise Genus Deep Brain Stimulation System.

Stimgenics, a private firm in the market that has pioneered novel spinal cord stimulation (SCS) waveform, was acquired by Medtronic in January 2020. Medtronic will incorporate this new technology through its Intellis implantable neurostimulator for the management of chronic pain.

In March 2021, INBRAIN Neuroelectronics, a bioelectronics company that develops graphene brain implant technology has raised the funding of €14.35m for conducting a test of this technology in humans. Nanoscale graphene electrode has the ability to reach a single-neuron resolution.

Similarly, a team of Waterford-based researchers received €4.4m in EU funding in February 2021 to develop an innovative living brain implant that can suppress epilepsy seizures by sensing seizures before it happens in the patients.

Market Participants operating in the market include Boston Scientific Corporation, Medtronic, NeuroPace, Inc., Synapse Biomedical Inc., St. Jude Medical (Abbott), Nevro Corporation, and Aleva Neurotherapeutics SA are some of the key players operating in the global market.

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 Polaris Market Research has segmented the brain implants market report on the basis of product, application, and region:

 Brain Implants, Product Outlook (Revenue – USD Million, 2016 – 2028)

·        Deep Brain Stimulators

·        Spinal Cord Stimulators

·        Vagus Nerve Stimulators

Brain Implants, Application Outlook (Revenue – USD Million, 2016 – 2028)

·        Chronic Pain

·        Epilepsy

·        Parkinson’s Disease

·        Depression

·        Essential Tremor

·        Alzheimer’s Disease

Brain Implants, Regional Outlook (Revenue – USD Million, 2016 – 2028)

·        North America

·        U.S.

·        Canada

·        Europe

·        France

·        Germany

·        UK

·        Italy

·        Spain

·        Netherlands

·        Austria

·        Asia Pacific

·        China

·        India

·        Japan

·        South Korea

·        Indonesia

·        Malaysia

·        Latin America

·        Brazil

·        Mexico

·        Argentina

·        Middle East & Africa

·        Saudi Arabia

·        South Africa

·        UAE

·        Israel

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[expertofmarketinsights-blog]

#Bioelectronics Market: Moving Towards a Brighter Future 2018-2026

#Bioelectronics Market: Moving Towards a Brighter Future 2018-2026

Bioelectronics is a branch of medical science that deals with the application of ideologies of biological sciences in electrical/electronic engineering. In simpler terms, bioelectronics is the combination of biology and electronics. This is an essential emerging field in medicine. Bioelectronics has led to the expansion of various devices such as the pacemaker and a wide variety of therapeutic…