Report Code: A07649 | Pages: NA | Mar 2023 | 2306 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electroceuticals Bioelectric Medicine Market
Request Now !Electroceuticals/Bioelectric Medicine Market is expected to grow in upcoming years due to factors such as rise in geriatric population across the world, increase in regulatory approvals for new and advanced electroceuticals and rise in investment and funds for the development in new therapies.
Electroceuticals/bioelectric medicine includes molecular medicine, bioengineering and neuroscience for development of nerve stimulating technology for biological parameters during the treatment. It affects changes in body function by use of electrical impulses. These medicines are an alternative used for drug- based treatment. Electroceuticals/Bioelectric Medicine works on basis of neuro stimulation, which is the modulation of nervous system of electrical impulses. It can treat various diseases by both invasive and non-invasive methods. It is expected to be replacement for drug based therapy in upcoming years. The therapy includes neural implants such as retinal implant, cochlear implant or spinal cord stimulators for pain relief, cardiac pacemakers and implantable defibrillators.
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Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicines supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future. Considering these factors, COVID -19 is expected to have a significant impact on the electroceuticals/bioelectric medicine market.
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Electroceuticals Bioelectric Medicine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Medtronic plc., Boston Scientific Corporation, St. Jude Medical, Cochlear Limited, Sonova Holding AG, LivaNova PLC, Nevro Corporation, Biotronik, Second Sight Medical Products, Inc., ElectroCore LLC, BioElectronics Corporation, MED-EL, Cefaly Technology, Stimwave LLC, Vomaris Innovations, Inc., EnteroMedics Inc., NeuroSigma, Inc., Oticon Medical. |
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