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

About the Report

About the Report

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 projected to grow by 7.0% annually in the forecast period and reach USD 15.82 billion by 2030 owing to the growing geriatric population and rising acceptance of bioelectric medicines.

Highlighted with 63 tables and 39 figures, this 136-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 2017-2019 and provides estimate/forecast from 2020 till 2030 with 2019 as 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

o Cardiac Pacemaker

o Implantable Cardioverter Defibrillators (ICD)

o Spinal Cord Stimulators (split into Chronic Pain, Failed Back Syndrome (FBSS), Ischemia by application)

o Cochlear Implants

o Deep Brain Stimulators (split into Parkinson's Disease, Tremor, Depression, Other Deep Brain Stimulation Applications by application)

o Vagus Nerve Stimulators

o Sacral Nerve Stimulators (split into Urinary Incontinence and Fecal Incontinence by application)

o Retinal Implants

o Other Implantable Bioelectric Medicines

Non-invasive Bioelectric Medicine

o Transcutaneous Electrical Nerve Stimulators

o Transcranial Magnetic Stimulation (TMS)

o Pulsed Electromagnetic Field Therapy

o 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 key country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of the regional market by country and split 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.)

Products


Companies

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

Table of Contents

Table of Contents

1 Introduction 6

1.1 Industry Definition and Research Scope 6

1.1.1 Industry Definition 6

1.1.2 Research Scope 7

1.2 Research Methodology 10

1.2.1 Overview of Market Research Methodology 10

1.2.2 Market Assumption 11

1.2.3 Secondary Data 11

1.2.4 Primary Data 11

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 World Economy 18

2.1.2 Impact of COVID-19 on the Market 20

2.2 Major Growth Drivers 22

2.3 Market Restraints and Challenges 28

2.4 Emerging Opportunities and Market Trends 31

2.5 Porter's Fiver Forces Analysis 35

3 Segmentation of North America Market by Product Type 39

3.1 Market Overview by Product Type 39

3.2 Implantable Bioelectric Medicine 41

3.2.1 Cardiac Pacemaker 43

3.2.2 Implantable Cardioverter Defibrillators (ICD) 44

3.2.3 Spinal Cord Stimulators 45

3.2.4 Cochlear Implants 46

3.2.5 Deep Brain Stimulators 47

3.2.6 Vagus Nerve Stimulators 48

3.2.7 Sacral Nerve Stimulators 49

3.2.8 Retinal Implants 50

3.2.9 Other Implantable Bioelectric Medicines 51

3.3 Non-invasive Bioelectric Medicine 52

3.3.1 Transcutaneous Electrical Nerve Stimulators 54

3.3.2 Transcranial Magnetic Stimulation (TMS) 55

3.3.3 Pulsed Electromagnetic Field Therapy 56

3.3.4 Other Non-invasive Bioelectric Medicines 57

4 Segmentation of North America Market by End User 58

4.1 Market Overview by End User 58

4.2 Hospitals and Clinics 60

4.3 Research Institutes 61

4.4 Individual Users 62

5 North America Market 2020-2030 by Country 63

5.1 Overview of North America Market 63

5.2 U.S. 66

5.3 Canada 72

5.4 Mexico 74

6 Competitive Landscape 76

6.1 Overview of Key Vendors 76

6.2 New Product Launch, Partnership, Investment, and M&A 82

6.3 Company Profiles 83

Abbott Laboratories 83

BIOTRONIK SE & Co. KG 86

Boston Scientific Corporation 90

Cochlear Limited 94

electroCore, Inc. 97

Inspire Medical Systems, Inc. 99

LivaNova PLC 101

Medtronic PLC 103

NeuroMetrix, Inc 107

Nevro Corp. 109

Nuvectra Corporation 111

OMRON CORPORATION 113

Pixium Vision 116

Second Sight Medical Products Inc 119

SetPoint Medical 122

Sonova Holding AG 124

St. Jude Medical, Inc. 126

Stimwave LLC 128

7 Investing in North America Market: Risk Assessment and Management 130

7.1 Risk Evaluation of North America Market 130

7.2 Critical Success Factors (CSFs) 133

Related Reports and Products 136


List of Figure

Figure 1. Research Method Flow Chart 10

Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13

Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030 15

Figure 4. North America Bioelectric Medicine Market, 2019-2030, USD mn 17

Figure 5. Impact of COVID-19 on Business 20

Figure 6. Primary Drivers and Impact Factors of North America Bioelectric Medicine Market 22

Figure 7. Worldwide Geriatric Population (60 years and above) by Region, 2015 & 2030, million 26

Figure 8. World Population 65 and over, % of Total Population, 1950-2060 26

Figure 9. Primary Restraints and Impact Factors of North America Bioelectric Medicine Market 28

Figure 10. Investment Opportunity Analysis 32

Figure 11. Porter's Fiver Forces Analysis of North America Bioelectric Medicine Market 35

Figure 12. Breakdown of North America Bioelectric Medicine Market by Product Type, 2020-2030, % of Sales Revenue 39

Figure 13. North America Addressable Market Cap in 2021-2030 by Product Type, Value (USD mn) and Share (%) 40

Figure 14. North America Bioelectric Medicine Market: Implantable Bioelectric Medicine, 2019-2030, USD mn 41

Figure 15. North America Bioelectric Medicine Market: Cardiac Pacemaker, 2019-2030, USD mn 43

Figure 16. North America Bioelectric Medicine Market: Implantable Cardioverter Defibrillators (ICD), 2019-2030, USD mn 44

Figure 17. North America Bioelectric Medicine Market: Spinal Cord Stimulators, 2019-2030, USD mn 45

Figure 18. North America Bioelectric Medicine Market: Cochlear Implants, 2019-2030, USD mn 46

Figure 19. North America Bioelectric Medicine Market: Deep Brain Stimulators, 2019-2030, USD mn 47

Figure 20. North America Bioelectric Medicine Market: Vagus Nerve Stimulators, 2019-2030, USD mn 48

Figure 21. North America Bioelectric Medicine Market: Sacral Nerve Stimulators, 2019-2030, USD mn 49

Figure 22. North America Bioelectric Medicine Market: Retinal Implants, 2019-2030, USD mn 50

Figure 23. North America Bioelectric Medicine Market: Other Implantable Bioelectric Medicines, 2019-2030, USD mn 51

Figure 24. North America Bioelectric Medicine Market: Non-invasive Bioelectric Medicine, 2019-2030, USD mn 52

Figure 25. North America Bioelectric Medicine Market: Transcutaneous Electrical Nerve Stimulators, 2019-2030, USD mn 54

Figure 26. North America Bioelectric Medicine Market: Transcranial Magnetic Stimulation (TMS), 2019-2030, USD mn 55

Figure 27. North America Bioelectric Medicine Market: Pulsed Electromagnetic Field Therapy, 2019-2030, USD mn 56

Figure 28. North America Bioelectric Medicine Market: Other Non-invasive Bioelectric Medicines, 2019-2030, USD mn 57

Figure 29. Breakdown of North America Bioelectric Medicine Market by End User, 2020-2030, % of Sales Revenue 58

Figure 30. North America Addressable Market Cap in 2021-2030 by End User, Value (USD mn) and Share (%) 59

Figure 31. North America Bioelectric Medicine Market: Hospitals and Clinics, 2019-2030, USD mn 60

Figure 32. North America Bioelectric Medicine Market: Research Institutes, 2019-2030, USD mn 61

Figure 33. North America Bioelectric Medicine Market: Individual Users, 2019-2030, USD mn 62

Figure 34. Breakdown of North America Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue 64

Figure 35. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value (USD mn) and Share (%) 65

Figure 36. U.S. Bioelectric Medicine Market, 2019-2030, USD mn 67

Figure 37. Canada Bioelectric Medicine Market, 2019-2030, USD mn 72

Figure 38. Bioelectric Medicine Market in Mexico, 2019-2030, USD mn 74

Figure 39. Growth Stage of North America Bioelectric Medicine Industry over the Forecast Period 76


List of Table

Table 1. Snapshot of North America Bioelectric Medicine Market in Balanced Perspective, 2020-2030 16

Table 2. Growth Rate of World GDP, 2020-2022 19

Table 3. Projection of North America Disease Incidences Treated by Bioelectric Medicine, 2019-2030, million 25

Table 4. World Health Spending by Region, USD bn, 2013-2020 27

Table 5. Selected Examples of Product Recalls 30

Table 6. Main Product Trends and Market Opportunities in North America Bioelectric Medicine Market 31

Table 7. North America Bioelectric Medicine Market by Product Type, 2019-2030, USD mn 39

Table 8. North America Implantable Bioelectric Medicine Market by Product Type, 2019-2030, USD mn 42

Table 9. North America Bioelectric Medicine Market: Spinal Cord Stimulators by Application, 2019-2030, USD mn 45

Table 10. North America Bioelectric Medicine Market: Deep Brain Stimulators by Application, 2019-2030, USD mn 47

Table 11. North America Bioelectric Medicine Market: Sacral Nerve Stimulators by Application, 2019-2030, USD mn 49

Table 12. North America Non-invasive Bioelectric Medicine Market by Product Type, 2019-2030, USD mn 53

Table 13. North America Bioelectric Medicine Market by End User, 2019-2030, USD mn 58

Table 14. North America Bioelectric Medicine Market by Country, 2019-2030, USD mn 64

Table 15. U.S. Bioelectric Medicine Market by Product Type, 2019-2030, USD mn 68

Table 16. U.S. Bioelectric Medicine Market by End User, 2019-2030, USD mn 68

Table 17. Canada Bioelectric Medicine Market by Product Type, 2019-2030, USD mn 73

Table 18. Canada Bioelectric Medicine Market by End User, 2019-2030, USD mn 73

Table 19. Mexico Bioelectric Medicine Market by Product Type, 2019-2030, USD mn 75

Table 20. Mexico Bioelectric Medicine Market by End User, 2019-2030, USD mn 75

Table 21. Spinal Cord Stimulation Device Market by Key Vendor, 2019, % 78

Table 22. Cochlear Implant Market by Key Vendor, 2019, % 78

Table 23. Pacemaker and ICD Market by Key Vendor, 2019, % 78

Table 24. FDA Approved Products of Key Vendors 79

Table 25. Abbott Laboratories: Company Snapshot 83

Table 26. Abbott Laboratories: Business Segmentation 84

Table 27. Abbott Laboratories: Product Portfolio 84

Table 28. Abbott Laboratories: Revenue, 2018-2020, USD mn 85

Table 29. BIOTRONIK SE & Co. KG: Company Snapshot 86

Table 30. Boston Scientific Corp.: Company Snapshot 90

Table 31. Boston Scientific Corp.: Business Segmentation 90

Table 32. Boston Scientific Corp.: Product Portfolio of Medical Devices 91

Table 33. Cochlear Limited: Company Snapshot 94

Table 34. Cochlear Limited: Operational Overview with Sales Revenue (USD mn) and Sales Volume (units), 2020-2021 94

Table 35. Cochlear Limited: Product Portfolio 95

Table 36. electroCore, Inc.: Company Snapshot 97

Table 37. Inspire Medical Systems, Inc..: Company Snapshot 99

Table 38. LivaNova PLC: Company Snapshot 101

Table 39. LivaNova PLC: Product Portfolio 102

Table 40. Medtronic Inc.: Company Snapshot 103

Table 41. Medtronic Inc.: Net Revenue by Segment, 2018-2020, USD bn 104

Table 42. Medtronic Inc.: Net Revenue by Region, 2017-2019, USD bn 104

Table 43. Medtronic Inc.: Product Portfolio of Medical Devices 104

Table 44. Medtronic Inc.: Product Portfolio of Bioelectric Medicine 105

Table 45. NeuroMetrix, Inc: Company Snapshot 107

Table 46. NeuroMetrix, Inc: Product Portfolio 108

Table 47. Nevro Corp.: Company Snapshot 109

Table 48. Nevro Corp.: Product Portfolio 110

Table 49. Nuvectra Corporation: Company Snapshot 111

Table 50. Omron Corporation: Company Snapshot 113

Table 51. Omron Corporation: Business Segmentation 114

Table 52. Pixium Vision: Company Snapshot 116

Table 53. Pixium Vision: Product Portfolio 117

Table 54. Second Sight Medical Products Inc: Company Snapshot 119

Table 55. Second Sight Medical Products Inc: Product Portfolio 120

Table 56. SetPoint Medical: Company Snapshot 122

Table 57. Sonova Holding AG: Company Snapshot 124

Table 58. Sonova Holding AG: Main Brands and Products 125

Table 59. St. Jude Medical, Inc.: Company Snapshot 126

Table 60. Stimwave LLC: Company Snapshot 128

Table 61. Stimwave LLC: Product Portfolio 129

Table 62. Risk Evaluation for Investing in North America Market, 2020-2030 131

Table 63. Critical Success Factors and Key Takeaways 134

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