North America Bioelectric Medicine Market 2020-2030 by Product Type (Implantable, Non-invasive), End User, and Country: Trend Forecast and Growth Opportunity

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Aug 2020 - 104 Pages - From $2,780
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Bioelectric medicines, also known as electroceuticals, are medical devices that are used to restore health in patients.  Bioelectric medicines function through neurostimulation and modulation of the nervous systems through electrical impulses. North America bioelectric medicine market is expected to grow by 6.0% annually in the forecast period and reach $15.82 billion by 2030 driven by growing geriatric population and rising acceptance of bioelectric medicines.
Highlighted with 28 tables and 39 figures, this 104-page report “North America Bioelectric Medicine Market 2020-2030 by Product Type (Implantable, Non-invasive), End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America bioelectric medicine market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America bioelectric medicine market in every aspect of the classification from perspectives of Product Type, End User, and Country.

Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
Implantable Bioelectric Medicine
• Cardiac Pacemaker
• Implantable Cardioverter Defibrillators (ICD)
• Spinal Cord Stimulators (split into Chronic Pain, Failed Back Syndrome (FBSS), Ischemia by application)
• Cochlear Implants
• Deep Brain Stimulators (split into Parkinson’s Disease, Tremor, Depression, Other Deep Brain Stimulation Applications by application)
• Vagus Nerve Stimulators
• Sacral Nerve Stimulators (split into Urinary Incontinence and Fecal Incontinence by application)
• Retinal Implants
• Other Implantable Bioelectric Medicines
Non-invasive Bioelectric Medicine
• Transcutaneous Electrical Nerve Stimulators
• Transcranial Magnetic Stimulation (TMS)
• Pulsed Electromagnetic Field Therapy
• Other Non-invasive Bioelectric Medicines

Based on End User, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Hospitals and Clinics
• Research Institutes
• Individual Users

Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Product Type and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in North America bioelectric medicine market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
Abbott Laboratories 
BIOTRONIK SE & Co. KG 
Boston Scientific Corporation 
Cochlear Limited 
electroCore, Inc. 
Inspire Medical Systems, Inc. 
LivaNova PLC 
Medtronic PLC 
NeuroMetrix, Inc 
Nevro Corp. 
Nuvectra Corporation 
OMRON CORPORATION 
Pixium Vision 
Second Sight Medical Products Inc 
SetPoint Medical 
Sonova Holding AG 
St. Jude Medical, Inc. 
Stimwave LLC 
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 5
1.1 Industry Definition and Research Scope 5
1.1.1 Industry Definition 5
1.1.2 Research Scope 6
1.2 Research Methodology 9
1.2.1 Overview of Market Research Methodology 9
1.2.2 Market Assumption 10
1.2.3 Secondary Data 10
1.2.4 Primary Data 10
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on the Market 18
2.2 Major Growth Drivers 20
2.3 Market Restraints and Challenges 24
2.4 Emerging Opportunities and Market Trends 27
2.5 Porter’s Fiver Forces Analysis 31
3 Segmentation of North America Market by Product Type 35
3.1 Market Overview by Product Type 35
3.2 Implantable Bioelectric Medicine 37
3.2.1 Cardiac Pacemaker 39
3.2.2 Implantable Cardioverter Defibrillators (ICD) 40
3.2.3 Spinal Cord Stimulators 41
3.2.4 Cochlear Implants 42
3.2.5 Deep Brain Stimulators 43
3.2.6 Vagus Nerve Stimulators 44
3.2.7 Sacral Nerve Stimulators 45
3.2.8 Retinal Implants 46
3.2.9 Other Implantable Bioelectric Medicines 47
3.3 Non-invasive Bioelectric Medicine 48
3.3.1 Transcutaneous Electrical Nerve Stimulators 50
3.3.2 Transcranial Magnetic Stimulation (TMS) 51
3.3.3 Pulsed Electromagnetic Field Therapy 52
3.3.4 Other Non-invasive Bioelectric Medicines 53
4 Segmentation of North America Market by End User 54
4.1 Market Overview by End User 54
4.2 Hospitals and Clinics 56
4.3 Research Institutes 57
4.4 Individual Users 58
5 North America Market 2019-2030 by Country 59
5.1 Overview of North America Market 59
5.2 U.S. 62
5.3 Canada 68
5.4 Mexico 70
6 Competitive Landscape 72
6.1 Overview of Key Vendors 72
6.2 New Product Launch, Partnership, Investment, and M&A 78
6.3 Company Profiles 79
Abbott Laboratories 79
BIOTRONIK SE & Co. KG 81
Boston Scientific Corporation 82
Cochlear Limited 83
electroCore, Inc. 84
Inspire Medical Systems, Inc. 85
LivaNova PLC 86
Medtronic PLC 87
NeuroMetrix, Inc 88
Nevro Corp. 89
Nuvectra Corporation 90
OMRON CORPORATION 91
Pixium Vision 92
Second Sight Medical Products Inc 93
SetPoint Medical 94
Sonova Holding AG 95
St. Jude Medical, Inc. 96
Stimwave LLC 97
7 Investing in North America Market: Risk Assessment and Management 98
7.1 Risk Evaluation of North America Market 98
7.2 Critical Success Factors (CSFs) 101
Related Reports and Products 104

List of Tables:

Table 1.  Snapshot of North America Bioelectric Medicine Market, 2019-2030 16
Table 2. Projection of North America Disease Incidences Treated by Bioelectric Medicine, 2019-2030, million 23
Table 3.  Main Product Trends and Market Opportunities in North America Bioelectric Medicine Market 27
Table 4. North America Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 35
Table 5. North America Implantable Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 38
Table 6. North America Bioelectric Medicine Market: Spinal Cord Stimulators by Application, 2019-2030, $ mn 41
Table 7. North America Bioelectric Medicine Market: Deep Brain Stimulators by Application, 2019-2030, $ mn 43
Table 8. North America Bioelectric Medicine Market: Sacral Nerve Stimulators by Application, 2019-2030, $ mn 45
Table 9. North America Non-invasive Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 49
Table 10. North America Bioelectric Medicine Market by End User, 2019-2030, $ mn 54
Table 11. North America Bioelectric Medicine Market by Country, 2019-2030, $ mn 60
Table 12. U.S. Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 64
Table 13. U.S. Bioelectric Medicine Market by End User, 2019-2030, $ mn 64
Table 14. Canada Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 69
Table 15. Canada Bioelectric Medicine Market by End User, 2019-2030, $ mn 69
Table 16. Mexico Bioelectric Medicine Market by Product Type, 2019-2030, $ mn 71
Table 17. Mexico Bioelectric Medicine Market by End User, 2019-2030, $ mn 71
Table 18. Spinal Cord Stimulation Device Market by Key Vendor, 2019, % 74
Table 19. Cochlear Implant Market by Key Vendor, 2019, % 74
Table 20. Pacemaker and ICD Market by Key Vendor, 2019, % 74
Table 21. FDA Approved Products of Key Vendors, 2019, % 75
Table 22. Abbott Laboratories: Company Snapshot 79
Table 23. Abbott Laboratories: Business Segmentation 79
Table 24. Abbott Laboratories: Product Portfolio 80
Table 25. Abbott Laboratories: Revenue, 2016-2018, $ mn 80
Table 26. Abbott Laboratories: Recent Developments 80
Table 27.  Risk Evaluation for Investing in North America Market, 2019-2030 99
Table 28. Critical Success Factors and Key Takeaways 102

 


List of Figures:

Figure 1. Research Method Flow Chart 9
Figure 2. Breakdown of Primary Research 11
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 4. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 15
Figure 5. North America Bioelectric Medicine Market, 2019-2030, $ mn 17
Figure 6. Impact of COVID-19 on Business 18
Figure 7. Primary Drivers and Impact Factors of North America Bioelectric Medicine Market 20
Figure 8.  Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 23
Figure 9. Primary Restraints and Impact Factors of North America Bioelectric Medicine Market 24
Figure 10. Investment Opportunity Analysis 28
Figure 11. Porter’s Fiver Forces Analysis of North America Bioelectric Medicine Market 31
Figure 12. Breakdown of North America Bioelectric Medicine Market by Product Type, 2019-2030, % of Sales Revenue 35
Figure 13. North America Addressable Market Cap in 2020-2030 by Product Type, Value ($ mn) and Share (%) 36
Figure 14. North America Bioelectric Medicine Market: Implantable Bioelectric Medicine, 2019-2030, $ mn 37
Figure 15. North America Bioelectric Medicine Market: Cardiac Pacemaker, 2019-2030, $ mn 39
Figure 16. North America Bioelectric Medicine Market: Implantable Cardioverter Defibrillators (ICD), 2019-2030, $ mn 40
Figure 17. North America Bioelectric Medicine Market: Spinal Cord Stimulators, 2019-2030, $ mn 41
Figure 18. North America Bioelectric Medicine Market: Cochlear Implants, 2019-2030, $ mn 42
Figure 19. North America Bioelectric Medicine Market: Deep Brain Stimulators, 2019-2030, $ mn 43
Figure 20. North America Bioelectric Medicine Market: Vagus Nerve Stimulators, 2019-2030, $ mn 44
Figure 21. North America Bioelectric Medicine Market: Sacral Nerve Stimulators, 2019-2030, $ mn 45
Figure 22. North America Bioelectric Medicine Market: Retinal Implants, 2019-2030, $ mn 46
Figure 23. North America Bioelectric Medicine Market: Other Implantable Bioelectric Medicines, 2019-2030, $ mn 47
Figure 24. North America Bioelectric Medicine Market: Non-invasive Bioelectric Medicine, 2019-2030, $ mn 48
Figure 25. North America Bioelectric Medicine Market: Transcutaneous Electrical Nerve Stimulators, 2019-2030, $ mn 50
Figure 26. North America Bioelectric Medicine Market: Transcranial Magnetic Stimulation (TMS), 2019-2030, $ mn 51
Figure 27. North America Bioelectric Medicine Market: Pulsed Electromagnetic Field Therapy, 2019-2030, $ mn 52
Figure 28. North America Bioelectric Medicine Market: Other Non-invasive Bioelectric Medicines, 2019-2030, $ mn 53
Figure 29. Breakdown of North America Bioelectric Medicine Market by End User, 2019-2030, % of Sales Revenue 54
Figure 30. North America Addressable Market Cap in 2020-2030 by End User, Value ($ mn) and Share (%) 55
Figure 31. North America Bioelectric Medicine Market: Hospitals and Clinics, 2019-2030, $ mn 56
Figure 32. North America Bioelectric Medicine Market: Research Institutes, 2019-2030, $ mn 57
Figure 33. North America Bioelectric Medicine Market: Individual Users, 2019-2030, $ mn 58
Figure 34. Breakdown of North America Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue 60
Figure 35. Contribution to North America 2020-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 61
Figure 36. U.S. Bioelectric Medicine Market, 2019-2030, $ mn 63
Figure 37. Canada Bioelectric Medicine Market, 2019-2030, $ mn 68
Figure 38.  Bioelectric Medicine Market in Mexico, 2015-2030, $ mn 70
Figure 39. Growth Stage of North America Bioelectric Medicine Industry over the Forecast Period 72

 

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