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The market for electroceuticals was valued at USD 23.30 billion in 2022 and is anticipated to grow at a 5.6% CAGR in terms of revenue during the projected period. The rising incidence of cardiovascular and neurological diseases is a major driver fueling market revenue growth. Worldwide, cardiovascular illnesses, such as heart disease and stroke, claim the lives of over 18.6 million people each year, according to the International Heart Federation. More than 75% of these fatalities take place in low- and middle-income nations. Rheumatic fever usually affects children in underdeveloped nations, especially when poverty is pervasive. In the entire world, rheumatic heart disease is responsible for around 2% of cardiovascular disease-related deaths. The incidence of neurological conditions like Parkinson's disease is also contributing to the rise in market revenue. More than 10 million people globally, including about one million Americans, are expected to be afflicted by Parkinson's disease, according to the Parkinson's Foundation. Some Parkinson's disease patients have low levels of norepinephrine, a chemical that transmits information across nerve endings and controls a variety of physiological processes, including blood pressure and heart rate.
The global Electroceuticals market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Electroceuticals market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Emergen Research has segmented the global Electroceuticals market on the basis of type, type of care, and region
Segments Covered in this report are:
Product type Outlook (Revenue, USD Billion; 2019-2032)
Cardioverter defibrillators
Cardiac Pacemakers
Cochlear Implants
Spinal cord stimulators
Brain stimulators
Vagus and Sacral Nerve stimulators
Others
Device Type Outlook (Revenue, USD Billion; 2019-2032)
Implantable
Non-Invasive
Application Outlook (Revenue, USD Billion; 2019-2032)
Arrhythmia
Depression
Parkinson Disease
Tremor
Epilepsy
Sensorineural Hearing Loss
Others
In conclusion, the Electroceuticals Market report is an exhaustive database that will help readers formulate lucrative strategies. The Electroceuticals Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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