Electroceuticals is recently coined term for an old therapeutic modality, which broadly encompass all the bioelectric medicine. It includes any type of electrical stimulation, which affects and modify functions of the body and neural implants such as cochlear implants, retinal implants or spinal cord stimulators, cardiac pacemakers, and implantable defibrillators. Over a period of time, electroceutical expanded their applicability to include deep brain stimulation and the electrical stimulation of the vagus nerve. Electroceuticals are also called as bioelectronics, which encompass tiny electronic implants, which are capable to treat wide range of chronic diseases such as diabetes, asthma, arthritis, hypertension and other heart ailments, and gastrointestinal diseases.

Increasing Engagement of Key Players to Accelerate Drug Discovery and Development Process is expected to Aid in the Market Growth
Collaborations, advancements in technology, innovations in the field of bioelectric medicines such as non-invasive devices are the major factors driving growth of the bioelectric medicine market. For instance, in October 2016, the U.S. National Institutes of Health (NIH) announced US$ 20 million funding for the treatment of disease with electrical stimulation, which aims to improve maps of the peripheral nervous system—the body’s electrical wiring—and generate sophisticated systems that can hack into its codes. Moreover, the funding is part of a US$ 248 million, seven-year program, which the NIH Common Fund announced in 2014.
Furthermore, in 2016, GlaxoSmithKline Plc. (GSK) merged with Google’s parent company Alphabet to set up a new bioelectric company called Galvani Bioelectronics, which will benefit over 2 billion people suffering from chronic diseases. GSK invested around US$ 615 million for the development of Galvani Bioelectronics.
Global Key Players:
Key players operating in electroceutical devices market include Medtronic plc, Abbott Laboratories, Cochlear Ltd. Sonova Holding AG, Advanced Bionics AG, Boston Scientific Corporation, electroCore, Inc., Biotronik, ReShape Lifesciences, Inc., and LivaNova, PLC.
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Detailed Segmentation:
• Global Electroceutical Devices Market, By Product:
◦ Cardiac Pacemakers
◦ Implantable Cardioverter Defibrillators
◦ Retinal Implants
◦ Cochlear Implants
◦ Spinal cord Stimulators
◦ Deep brain Stimulators
◦ Others
• Global Electroceutical Devices Market, By Modality:
◦ Implantable Electroceutical Devices
◦ Non-Invasive Electroceutical Devices
◦ Global Electroceutical Devices Market, By Application:
◦ Pain Management
◦ Wound Healing
◦ Atrial Fibrillation
◦ Coronary Artery Disease
◦ Diabetes
◦ Arthritis
◦ Hypertension
◦ Gastrointestinal Diseases
◦ Other Applications
• Global Electroceutical Devices Market, By End User:
◦ Hospitals
◦ Academic Research Institutions
◦ Ambulatory Surgical Centers
• Global Electroceutical Devices Market, By Geography:
◦ North America
◦ Europe
◦ Asia Pacific
◦ Latin America
◦ Middle East
◦ Africa
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