Reports and Data has recently published  a new report on the Global Electroceuticals/Bioelectric Medicine Market that offers key insights into the current and emerging trends, key companies and market size and market share on a global and regional level. Despite weak development in Western economies as a whole, M&A (mergers and acquisitions) activity in the healthcare sector has increased dramatically. Not only is there a strong growth in pharmaceutical companies, but also considerable growth in economies of emerging markets.

These findings are detailed in Reports and Data Global Electroceuticals/Bioelectric Medicine Market Report, which indicates that the medicines industry has a promising future. According to RnD, the global Electroceuticals/Bioelectric Medicine Market is expected to reach USD 26.29 Billion in 2030 at a CAGR of 5.1% during the forecast period of 2022-2030. Market consolidation in Western Europe and North America is to blame for the growth in deal valuations. North America led the way in terms of acquisitions last year, accounting for over half of all outbound deals.

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Now that the tide is turning, more worldwide growth in the pharmaceutical business is likely to come from emerging nations, particularly China, where health systems are rapidly developing. Despite the fact that only a few acquisitions were announced or completed, tremendous growth is projected in the future years.

Significantly, China's adoption of health insurance and broader healthcare reforms last year effectively created a market of one billion people overnight. However, generic medications account for 76% of the Chinese market, making it difficult for European and American multinationals to capitalize on market prospects.

In the past, developed countries were hesitant to trade in emerging markets, with only a few multinational pharmaceutical companies making acquisitions in Latin America, India, or China. However, with tremendous development potential in the East, major businesses in the pharmaceutical industry should explore acquisitions in China aggressively to gain a presence.

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The entry of startups and regional players in the recent years and their increasing focus on drug development and research and advancements in therapeutics and medical devices are also expected to contribute to the growth of the market.

Among the product types, the demand for personalized medicine for cancer is expected to dominate other types over the forecast period attributing to growing demand for customized therapies to treat various types of cancer and growing incidence of cancer globally.

Segments covered: By Product Type Outlook, Device Type, Application Outlook, End-Use Outlook, and Regional Outlook

By Product Type Outlook   

Cardiac Pacemakers
Implantable Cardioverter Defibrillators
Stimulators
Spinal Cord
Deep Brain
Vagus Nerve
Sacral Nerve
Implants
Retinal
Cochlear
Transcutaneous Electrical Nerve Stimulation
Others

By Device Type Outlook

Implantable Electroceutical
Non-invasive Electroceutical

By Application Outlook 

Depression
Chronic Pain
Tremor
Epilepsy
Menstrual Migraine
Arrhythmia
Parkinson’s Disease
Spinal Cord Injury
Sensorineural Hearing Loss
Retinitis Pigmentosa
Urinary and Fecal Incontinence

Others

By End-Use Outlook       

Hospitals
Individual Users
Homecare Centers
Ambulatory Surgical Centers
Specialty Clinics
Others

Regional scope:    North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Country scope: U.S.; Canada; U.K.; Germany; France; BENELUX; China; India; Japan; South Korea; Brazil; Saudi Arabia; UAE; Turkey

Key companies profiled: Boston Scientific Corporation, Abbott, Cochlear, Biotronik, LivaNova, PLC, electroCore, Inc., Sonova, Neuronetics, MicroPort Scientific Corporation, and NeuroPace, Inc.

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Growing advancements in medical therapies to drive market growth

The pharmaceutical and healthcare industry is driven by rapid advancements in customized therapies, medical devices, and surgical procedures. Integration of advanced technologies to accelerate research and development and manufacturing and production activities are some other factors driving market growth.

High prices of certain drugs might affect revenue growth

Launch of high-priced drugs to treat rare and chronic diseases and lesser affordability in middle- and low-income regions might limit their adoption and restrain market growth going ahead. In addition, less knowledge and awareness regarding advanced treatment approaches and lower adoption of advanced technologies might further hamper market growth over the forecast period.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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