The Europe Bioelectric Medicine Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
The expanding body of evidence supporting the efficacy of bioelectric therapies has contributed to a shift in mindset, with clinicians incorporating these interventions into their treatment arsenals. Moreover, bioelectric medicine often involves implantable devices that deliver electrical impulses to specific body areas. These devices range from neurostimulators for pain management to implantable sensors for real-time health monitoring. Integrating these devices with the body's natural processes allows for personalized and adaptive treatment strategies.
In addition, the concept of "electroceuticals" is gaining traction, referring to devices that use electrical impulses to stimulate specific nerves or tissues for therapeutic purposes. This category includes wearable devices, smart patches, and other non-invasive technologies that offer targeted interventions for migraines, diabetes, and cardiovascular disorders. Electroceuticals are emerging as a patient-friendly alternative to traditional drug-based therapies.
As per the data from the European Commission, brain disorders represent a significant obstacle in the realm of health. An estimated 165 million Europeans are afflicted with a neurological defect. An estimated one in every three individuals will experience a neurological or mental disorder during their lifetime. Therefore, rising cases of neurological disorders in Europe are expected to boost the demand for bioelectric medicines in the region.
The Germany market dominated the Europe Bioelectric Medicine Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,083.2 million by 2030. The UK market is exhibiting a CAGR of 4.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.5% during (2023 - 2030).
Based on Type, the market is segmented into Implantable Electroceutical Devices, and Non-invasive Electroceutical Devices. Based on End-use, the market is segmented into Hospitals, and Others. Based on Product, the market is segmented into Implantable Cardioverter Defibrillators & Cardiac Pacemakers, Spinal Cord Stimulators, Cochlear Implants, Deep Brain Stimulators, Transcutaneous Electrical Nerve Stimulators, Sacral & Vagus Nerve Stimulators, and Others. Based on Application, the market is segmented into Arrhythmia, Pain Management, Sensorineural Hearing Loss, Tremor & Epilepsy, Parkinson’s Disease, Depression, Treatment-resistant Depression, Urinary & Fecal Incontinence, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Bioelectric Medicine Market will Hit $31.7 billion by 2030, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Abbott Laboratories, Boston Scientific Corporation, Cochlear Ltd., LivaNova PLC, Koninklijke Philips N.V., Biotronik SE & Co. KG, Sonova Holding AG, Nevro Corporation, and electroCore, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Implantable Electroceutical Devices
- Non-invasive Electroceutical Devices
By End-use
By Product
- Implantable Cardioverter Defibrillators & Cardiac Pacemakers
- Spinal Cord Stimulators
- Cochlear Implants
- Deep Brain Stimulators
- Transcutaneous Electrical Nerve Stimulators
- Sacral & Vagus Nerve Stimulators
- Others
By Application
- Arrhythmia
- Pain Management
- Sensorineural Hearing Loss
- Tremor & Epilepsy
- Parkinson’s Disease
- Depression
- Treatment-resistant Depression
- Urinary & Fecal Incontinence
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Abbott Laboratories
- Boston Scientific Corporation
- Cochlear Ltd.
- LivaNova PLC
- Koninklijke Philips N.V.
- Biotronik SE & Co. KG
- Sonova Holding AG
- Nevro Corporation
- electroCore, Inc.
TABLE 1 Europe Bioelectric Medicine Market, 2019 - 2022, USD Million
TABLE 2 Europe Bioelectric Medicine Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Bioelectric Medicine Market
TABLE 4 Product Launches And Product Expansions– Bioelectric Medicine Market
TABLE 5 Acquisition and Mergers– Bioelectric Medicine Market
TABLE 6 Geographical Expansions– Bioelectric Medicine Market
TABLE 7 Approvals and trials: Bioelectric Medicine Market
TABLE 8 Europe Bioelectric Medicine Market by Type, 2019 - 2022, USD Million
TABLE 9 Europe Bioelectric Medicine Market by Type, 2023 - 2030, USD Million
TABLE 10 Europe Implantable Electroceutical Devices Market by Country, 2019 - 2022, USD Million
TABLE 11 Europe Implantable Electroceutical Devices Market by Country, 2023 - 2030, USD Million
TABLE 12 Europe Non-invasive Electroceutical Devices Market by Country, 2019 - 2022, USD Million
TABLE 13 Europe Non-invasive Electroceutical Devices Market by Country, 2023 - 2030, USD Million
TABLE 14 Europe Bioelectric Medicine Market by End-use, 2019 - 2022, USD Million
TABLE 15 Europe Bioelectric Medicine Market by End-use, 2023 - 2030, USD Million
TABLE 16 Europe Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 17 Europe Hospitals Market by Country, 2023 - 2030, USD Million
TABLE 18 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 19 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 20 Europe Bioelectric Medicine Market by Product, 2019 - 2022, USD Million
TABLE 21 Europe Bioelectric Medicine Market by Product, 2023 - 2030, USD Million
TABLE 22 Europe Implantable Cardioverter Defibrillators & Cardiac Pacemakers Market by Country, 2019 - 2022, USD Million
TABLE 23 Europe Implantable Cardioverter Defibrillators & Cardiac Pacemakers Market by Country, 2023 - 2030, USD Million
TABLE 24 Europe Spinal Cord Stimulators Market by Country, 2019 - 2022, USD Million
TABLE 25 Europe Spinal Cord Stimulators Market by Country, 2023 - 2030, USD Million
TABLE 26 Europe Cochlear Implants Market by Country, 2019 - 2022, USD Million
TABLE 27 Europe Cochlear Implants Market by Country, 2023 - 2030, USD Million
TABLE 28 Europe Deep Brain Stimulators Market by Country, 2019 - 2022, USD Million
TABLE 29 Europe Deep Brain Stimulators Market by Country, 2023 - 2030, USD Million
TABLE 30 Europe Transcutaneous Electrical Nerve Stimulators Market by Country, 2019 - 2022, USD Million
TABLE 31 Europe Transcutaneous Electrical Nerve Stimulators Market by Country, 2023 - 2030, USD Million
TABLE 32 Europe Sacral & Vagus Nerve Stimulators Market by Country, 2019 - 2022, USD Million
TABLE 33 Europe Sacral & Vagus Nerve Stimulators Market by Country, 2023 - 2030, USD Million
TABLE 34 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 35 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 36 Europe Bioelectric Medicine Market by Application, 2019 - 2022, USD Million
TABLE 37 Europe Bioelectric Medicine Market by Application, 2023 - 2030, USD Million
TABLE 38 Europe Arrhythmia Market by Country, 2019 - 2022, USD Million
TABLE 39 Europe Arrhythmia Market by Country, 2023 - 2030, USD Million
TABLE 40 Europe Pain Management Market by Country, 2019 - 2022, USD Million
TABLE 41 Europe Pain Management Market by Country, 2023 - 2030, USD Million
TABLE 42 Europe Sensorineural Hearing Loss Market by Country, 2019 - 2022, USD Million
TABLE 43 Europe Sensorineural Hearing Loss Market by Country, 2023 - 2030, USD Million
TABLE 44 Europe Tremor & Epilepsy Market by Country, 2019 - 2022, USD Million
TABLE 45 Europe Tremor & Epilepsy Market by Country, 2023 - 2030, USD Million
TABLE 46 Europe Parkinson’s Disease Market by Country, 2019 - 2022, USD Million
TABLE 47 Europe Parkinson’s Disease Market by Country, 2023 - 2030, USD Million
TABLE 48 Europe Depression Market by Country, 2019 - 2022, USD Million
TABLE 49 Europe Depression Market by Country, 2023 - 2030, USD Million
TABLE 50 Europe Treatment-resistant Depression Market by Country, 2019 - 2022, USD Million
TABLE 51 Europe Treatment-resistant Depression Market by Country, 2023 - 2030, USD Million
TABLE 52 Europe Urinary & Fecal Incontinence Market by Country, 2019 - 2022, USD Million
TABLE 53 Europe Urinary & Fecal Incontinence Market by Country, 2023 - 2030, USD Million
TABLE 54 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 55 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 56 Europe Bioelectric Medicine Market by Country, 2019 - 2022, USD Million
TABLE 57 Europe Bioelectric Medicine Market by Country, 2023 - 2030, USD Million
TABLE 58 Germany Bioelectric Medicine Market, 2019 - 2022, USD Million
TABLE 59 Germany Bioelectric Medicine Market, 2023 - 2030, USD Million
TABLE 60 Germany Bioelectric Medicine Market by Type, 2019 - 2022, USD Million
TABLE 61 Germany Bioelectric Medicine Market by Type, 2023 - 2030, USD Million
TABLE 62 Germany Bioelectric Medicine Market by End-use, 2019 - 2022, USD Million
TABLE 63 Germany Bioelectric Medicine Market by End-use, 2023 - 2030, USD Million
TABLE 64 Germany Bioelectric Medicine Market by Product, 2019 - 2022, USD Million
TABLE 65 Germany Bioelectric Medicine Market by Product, 2023 - 2030, USD Million
TABLE 66 Germany Bioelectric Medicine Market by Application, 2019 - 2022, USD Million
TABLE 67 Germany Bioelectric Medicine Market by Application, 2023 - 2030, USD Million
TABLE 68 UK Bioelectric Medicine Market, 2019 - 2022, USD Million
TABLE 69 UK Bioelectric Medicine Market, 2023 - 2030, USD Million
TABLE 70 UK Bioelectric Medicine Market by Type, 2019 - 2022, USD Million
TABLE 71 UK Bioelectric Medicine Market by Type, 2023 - 2030, USD Million
TABLE 72 UK Bioelectric Medicine Market by End-use, 2019 - 2022, USD Million
TABLE 73 UK Bioelectric Medicine Market by End-use, 2023 - 2030, USD Million
TABLE 74 UK Bioelectric Medicine Market by Product, 2019 - 2022, USD Million
TABLE 75 UK Bioelectric Medicine Market by Product, 2023 - 2030, USD Million
TABLE 76 UK Bioelectric Medicine Market by Application, 2019 - 2022, USD Million
TABLE 77 UK Bioelectric Medicine Market by Application, 2023 - 2030, USD Million
TABLE 78 France Bioelectric Medicine Market, 2019 - 2022, USD Million
TABLE 79 France Bioelectric Medicine Market, 2023 - 2030, USD Million
TABLE 80 France Bioelectric Medicine Market by Type, 2019 - 2022, USD Million
TABLE 81 France Bioelectric Medicine Market by Type, 2023 - 2030, USD Million
TABLE 82 France Bioelectric Medicine Market by End-use, 2019 - 2022, USD Million
TABLE 83 France Bioelectric Medicine Market by End-use, 2023 - 2030, USD Million
TABLE 84 France Bioelectric Medicine Market by Product, 2019 - 2022, USD Million
TABLE 85 France Bioelectric Medicine Market by Product, 2023 - 2030, USD Million
TABLE 86 France Bioelectric Medicine Market by Application, 2019 - 2022, USD Million
TABLE 87 France Bioelectric Medicine Market by Application, 2023 - 2030, USD Million
TABLE 88 Russia Bioelectric Medicine Market, 2019 - 2022, USD Million
TABLE 89 Russia Bioelectric Medicine Market, 2023 - 2030, USD Million
TABLE 90 Russia Bioelectric Medicine Market by Type, 2019 - 2022, USD Million
TABLE 91 Russia Bioelectric Medicine Market by Type, 2023 - 2030, USD Million
TABLE 92 Russia Bioelectric Medicine Market by End-use, 2019 - 2022, USD Million
TABLE 93 Russia Bioelectric Medicine Market by End-use, 2023 - 2030, USD Million
TABLE 94 Russia Bioelectric Medicine Market by Product, 2019 - 2022, USD Million
TABLE 95 Russia Bioelectric Medicine Market by Product, 2023 - 2030, USD Million
TABLE 96 Russia Bioelectric Medicine Market by Application, 2019 - 2022, USD Million
TABLE 97 Russia Bioelectric Medicine Market by Application, 2023 - 2030, USD Million
TABLE 98 Spain Bioelectric Medicine Market, 2019 - 2022, USD Million
TABLE 99 Spain Bioelectric Medicine Market, 2023 - 2030, USD Million
TABLE 100 Spain Bioelectric Medicine Market by Type, 2019 - 2022, USD Million
TABLE 101 Spain Bioelectric Medicine Market by Type, 2023 - 2030, USD Million
TABLE 102 Spain Bioelectric Medicine Market by End-use, 2019 - 2022, USD Million
TABLE 103 Spain Bioelectric Medicine Market by End-use, 2023 - 2030, USD Million
TABLE 104 Spain Bioelectric Medicine Market by Product, 2019 - 2022, USD Million
TABLE 105 Spain Bioelectric Medicine Market by Product, 2023 - 2030, USD Million
TABLE 106 Spain Bioelectric Medicine Market by Application, 2019 - 2022, USD Million
TABLE 107 Spain Bioelectric Medicine Market by Application, 2023 - 2030, USD Million
TABLE 108 Italy Bioelectric Medicine Market, 2019 - 2022, USD Million
TABLE 109 Italy Bioelectric Medicine Market, 2023 - 2030, USD Million
TABLE 110 Italy Bioelectric Medicine Market by Type, 2019 - 2022, USD Million
TABLE 111 Italy Bioelectric Medicine Market by Type, 2023 - 2030, USD Million
TABLE 112 Italy Bioelectric Medicine Market by End-use, 2019 - 2022, USD Million
TABLE 113 Italy Bioelectric Medicine Market by End-use, 2023 - 2030, USD Million
TABLE 114 Italy Bioelectric Medicine Market by Product, 2019 - 2022, USD Million
TABLE 115 Italy Bioelectric Medicine Market by Product, 2023 - 2030, USD Million
TABLE 116 Italy Bioelectric Medicine Market by Application, 2019 - 2022, USD Million
TABLE 117 Italy Bioelectric Medicine Market by Application, 2023 - 2030, USD Million
TABLE 118 Rest of Europe Bioelectric Medicine Market, 2019 - 2022, USD Million
TABLE 119 Rest of Europe Bioelectric Medicine Market, 2023 - 2030, USD Million
TABLE 120 Rest of Europe Bioelectric Medicine Market by Type, 2019 - 2022, USD Million
TABLE 121 Rest of Europe Bioelectric Medicine Market by Type, 2023 - 2030, USD Million
TABLE 122 Rest of Europe Bioelectric Medicine Market by End-use, 2019 - 2022, USD Million
TABLE 123 Rest of Europe Bioelectric Medicine Market by End-use, 2023 - 2030, USD Million
TABLE 124 Rest of Europe Bioelectric Medicine Market by Product, 2019 - 2022, USD Million
TABLE 125 Rest of Europe Bioelectric Medicine Market by Product, 2023 - 2030, USD Million
TABLE 126 Rest of Europe Bioelectric Medicine Market by Application, 2019 - 2022, USD Million
TABLE 127 Rest of Europe Bioelectric Medicine Market by Application, 2023 - 2030, USD Million
TABLE 128 Key Information – Medtronic PLC
TABLE 129 Key Information – Abbott Laboratories
TABLE 130 Key Information – Boston Scientific Corporation
TABLE 131 key Information – Cochlear Ltd.
TABLE 132 Key Information – LivaNova PLC
TABLE 133 Key Information – Koninklijke Philips N.V.
TABLE 134 Key Information – Biotronik SE & Co. KG
TABLE 135 key Information – Sonova Holding AG
TABLE 136 Key Information – Nevro Corporation
TABLE 137 Key Information – electroCore, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Bioelectric Medicine Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Bioelectric Medicine Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, May – 2021, Nov) Leading Players
FIG 7 Porter’s Five Force Analysis: Bioelectric Medicine Market
FIG 8 Europe Bioelectric Medicine Market share by Type, 2022
FIG 9 Europe Bioelectric Medicine Market share by Type, 2030
FIG 10 Europe Bioelectric Medicine Market by Type, 2019 - 2030, USD Million
FIG 11 Europe Bioelectric Medicine Market share by End-use, 2022
FIG 12 Europe Bioelectric Medicine Market share by End-use, 2030
FIG 13 Europe Bioelectric Medicine Market by End-use, 2019 - 2030, USD Million
FIG 14 Europe Bioelectric Medicine Market share by Product, 2022
FIG 15 Europe Bioelectric Medicine Market share by Product, 2030
FIG 16 Europe Bioelectric Medicine Market by Product, 2019 - 2030, USD Million
FIG 17 Europe Bioelectric Medicine Market share by Application, 2022
FIG 18 Europe Bioelectric Medicine Market share by Application, 2030
FIG 19 Europe Bioelectric Medicine Market by Application, 2019 - 2030, USD Million
FIG 20 Europe Bioelectric Medicine Market share by Country, 2022
FIG 21 Europe Bioelectric Medicine Market share by Country, 2030
FIG 22 Europe Bioelectric Medicine Market by Country, 2019 - 2030, USD Million
FIG 23 Recent strategies and developments: Medtronic PLC
FIG 24 SWOT Analysis: Medtronic PLC
FIG 25 Recent strategies and developments: Abbott Laboratories
FIG 26 SWOT Analysis: Abbott Laboratories
FIG 27 Recent strategies and developments: Boston Scientific Corporation
FIG 28 SWOT Analysis: Boston Scientific Corporation
FIG 29 Recent strategies and developments: Cochlear Ltd.
FIG 30 SWOT Analysis: Cochlear Ltd.
FIG 31 SWOT Analysis: LivaNova PLC
FIG 32 SWOT Analysis: Koninklijke Philips N.V.
FIG 33 SWOT Analysis: Biotronik SE & Co. KG
FIG 34 SWOT Analysis: Sonova Holding AG
FIG 35 SWOT Analysis: NEVRO CORPORATION
FIG 36 Recent strategies and developments: electroCore, Inc.
FIG 37 SWOT Analysis: electroCore, Inc.