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

Published: 30 Dec 2021 | Report Code: 10247659 | Pages: 141

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. Europe Bioelectric Medicine Market was valued at $5,859.6 million in 2020 and will grow by 6.4% annually over 2020-2030 owing to the growing geriatric population and rising acceptance of bioelectric medicines.
Highlighted with 70 tables and 43 figures, this 141-page report “Europe 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 Europe 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 Five Forces

The trend and outlook of Europe 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 Europe bioelectric medicine market in every aspect of the classification from perspectives of Product Type, End User, and Country.


Based on Product Type, the Europe 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 Europe 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:
• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
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 Europe 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.)

Table Of Contents:
1 Introduction    7
1.1 Industry Definition and Research Scope    7
1.1.1 Industry Definition    7
1.1.2 Research Scope    8
1.2 Research Methodology    11
1.2.1 Overview of Market Research Methodology    11
1.2.2 Market Assumption    12
1.2.3 Secondary Data    12
1.2.4 Primary Data    12
1.2.5 Data Filtration and Model Design    13
1.2.6 Market Size/Share Estimation    14
1.2.7 Research Limitations    15
1.3 Executive Summary    16
2 Market Overview and Dynamics    18
2.1 Market Size and Forecast    18
2.1.1 Impact of COVID-19 on World Economy    19
2.1.2 Impact of COVID-19 on the Market    21
2.2 Major Growth Drivers    23
2.3 Market Restraints and Challenges    29
2.4 Emerging Opportunities and Market Trends    32
2.5 Porter’s Fiver Forces Analysis    36
3 Segmentation of Europe Market by Product Type    40
3.1 Market Overview by Product Type    40
3.2 Implantable Bioelectric Medicine    42
3.2.1 Cardiac Pacemaker    44
3.2.2 Implantable Cardioverter Defibrillators (ICD)    45
3.2.3 Spinal Cord Stimulators    46
3.2.4 Cochlear Implants    47
3.2.5 Deep Brain Stimulators    48
3.2.6 Vagus Nerve Stimulators    49
3.2.7 Sacral Nerve Stimulators    50
3.2.8 Retinal Implants    51
3.2.9 Other Implantable Bioelectric Medicines    52
3.3 Non-invasive Bioelectric Medicine    53
3.3.1 Transcutaneous Electrical Nerve Stimulators    55
3.3.2 Transcranial Magnetic Stimulation (TMS)    56
3.3.3 Pulsed Electromagnetic Field Therapy    57
3.3.4 Other Non-invasive Bioelectric Medicines    58
4 Segmentation of Europe Market by End User    59
4.1 Market Overview by End User    59
4.2 Hospitals and Clinics    61
4.3 Research Institutes    62
4.4 Individual Users    63
5 European Market 2020-2030 by Country    64
5.1 Overview of European Market    64
5.2 Germany    67
5.3 UK    69
5.4 France    71
5.5 Spain    73
5.6 Italy    75
5.7 Russia    77
5.8 Rest of European Market    79
6 Competitive Landscape    81
6.1 Overview of Key Vendors    81
6.2 New Product Launch, Partnership, Investment, and M&A    87
6.3 Company Profiles    88
Abbott Laboratories    88
BIOTRONIK SE & Co. KG    91
Boston Scientific Corporation    95
Cochlear Limited    99
electroCore, Inc.    102
Inspire Medical Systems, Inc.    104
LivaNova PLC    106
Medtronic PLC    108
NeuroMetrix, Inc    112
Nevro Corp.    114
Nuvectra Corporation    116
OMRON CORPORATION    118
Pixium Vision    121
Second Sight Medical Products Inc    124
SetPoint Medical    127
Sonova Holding AG    129
St. Jude Medical, Inc.    131
Stimwave LLC    133
7 Investing in Europe Market: Risk Assessment and Management    135
7.1 Risk Evaluation of Europe Market    135
7.2 Critical Success Factors (CSFs)    138
Related Reports and Products    141

 

List Of Tables:

Table 1. Snapshot of Europe Bioelectric Medicine Market in Balanced Perspective, 2020-2030    17
Table 2. Growth Rate of World GDP, 2020-2022    20
Table 3. Projection of Europe Disease Incidences Treated by Bioelectric Medicine, 2019-2030, million    26
Table 4. World Health Spending by Region, $ bn, 2013-2020    28
Table 5. Selected Examples of Product Recalls    31
Table 6. Main Product Trends and Market Opportunities in Europe Bioelectric Medicine Market    32
Table 7. Europe Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    40
Table 8. Europe Implantable Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    43
Table 9. Europe Bioelectric Medicine Market: Spinal Cord Stimulators by Application, 2019-2030, $ mn    46
Table 10. Europe Bioelectric Medicine Market: Deep Brain Stimulators by Application, 2019-2030, $ mn    48
Table 11. Europe Bioelectric Medicine Market: Sacral Nerve Stimulators by Application, 2019-2030, $ mn    50
Table 12. Europe Non-invasive Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    54
Table 13. Europe Bioelectric Medicine Market by End User, 2019-2030, $ mn    59
Table 14. Europe Bioelectric Medicine Market by Country, 2019-2030, $ mn    66
Table 15. Germany Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    68
Table 16. Germany Bioelectric Medicine Market by End User, 2019-2030, $ mn    68
Table 17. UK Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    70
Table 18. UK Bioelectric Medicine Market by End User, 2019-2030, $ mn    70
Table 19. France Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    72
Table 20. France Bioelectric Medicine Market by End User, 2019-2030, $ mn    72
Table 21. Spain Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    74
Table 22. Spain Bioelectric Medicine Market by End User, 2019-2030, $ mn    74
Table 23. Italy Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    76
Table 24. Italy Bioelectric Medicine Market by End User, 2019-2030, $ mn    76
Table 25. Russia Bioelectric Medicine Market by Product Type, 2019-2030, $ mn    78
Table 26. Russia Bioelectric Medicine Market by End User, 2019-2030, $ mn    78
Table 27. Bioelectric Medicine Market in Rest of Europe by Country, 2019-2030, $ mn    80
Table 28. Spinal Cord Stimulation Device Market by Key Vendor, 2019, ?
Table 29. Cochlear Implant Market by Key Vendor, 2019, ?
Table 30. Pacemaker and ICD Market by Key Vendor, 2019, ?
Table 31. FDA Approved Products of Key Vendors    84
Table 32. Abbott Laboratories: Company Snapshot    88
Table 33. Abbott Laboratories: Business Segmentation    89
Table 34. Abbott Laboratories: Product Portfolio    89
Table 35. Abbott Laboratories: Revenue, 2018-2020, $ mn    90
Table 36. BIOTRONIK SE & Co. KG: Company Snapshot    91
Table 37. Boston Scientific Corp.: Company Snapshot    95
Table 38. Boston Scientific Corp.: Business Segmentation    95
Table 39. Boston Scientific Corp.: Product Portfolio of Medical Devices    96
Table 40. Cochlear Limited: Company Snapshot    99
Table 41. Cochlear Limited: Operational Overview with Sales Revenue ($ mn) and Sales Volume (units), 2020-2021    99
Table 42. Cochlear Limited: Product Portfolio    100
Table 43. electroCore, Inc.: Company Snapshot    102
Table 44. Inspire Medical Systems, Inc..: Company Snapshot    104
Table 45. LivaNova PLC: Company Snapshot    106
Table 46. LivaNova PLC: Product Portfolio    107
Table 47. Medtronic Inc.: Company Snapshot    108
Table 48. Medtronic Inc.: Net Revenue by Segment, 2018-2020, $ bn    109
Table 49. Medtronic Inc.: Net Revenue by Region, 2017-2019, $ bn    109
Table 50. Medtronic Inc.: Product Portfolio of Medical Devices    109
Table 51. Medtronic Inc.: Product Portfolio of Bioelectric Medicine    110
Table 52. NeuroMetrix, Inc: Company Snapshot    112
Table 53. NeuroMetrix, Inc: Product Portfolio    113
Table 54. Nevro Corp.: Company Snapshot    114
Table 55. Nevro Corp.: Product Portfolio    115
Table 56. Nuvectra Corporation: Company Snapshot    116
Table 57. Omron Corporation: Company Snapshot    118
Table 58. Omron Corporation: Business Segmentation    119
Table 59. Pixium Vision: Company Snapshot    121
Table 60. Pixium Vision: Product Portfolio    122
Table 61. Second Sight Medical Products Inc: Company Snapshot    124
Table 62. Second Sight Medical Products Inc: Product Portfolio    125
Table 63. SetPoint Medical: Company Snapshot    127
Table 64. Sonova Holding AG: Company Snapshot    129
Table 65. Sonova Holding AG: Main Brands and Products    130
Table 66. St. Jude Medical, Inc.: Company Snapshot    131
Table 67. Stimwave LLC: Company Snapshot    133
Table 68. Stimwave LLC: Product Portfolio    134
Table 69. Risk Evaluation for Investing in Europe Market, 2020-2030    136
Table 70. Critical Success Factors and Key Takeaways    13

 

List Of Figures:

Figure 1. Research Method Flow Chart    11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation    14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030    16
Figure 4. Europe Bioelectric Medicine Market, 2019-2030, $ mn    18
Figure 5. Impact of COVID-19 on Business    21
Figure 6. Primary Drivers and Impact Factors of Europe Bioelectric Medicine Market    23
Figure 7. Worldwide Geriatric Population (60 years and above) by Region, 2015 & 2030, million    27
Figure 8. World Population 65 and over, % of Total Population, 1950-2060    27
Figure 9. Primary Restraints and Impact Factors of Europe Bioelectric Medicine Market    29
Figure 10. Investment Opportunity Analysis    33
Figure 11. Porter’s Fiver Forces Analysis of Europe Bioelectric Medicine Market    36
Figure 12. Breakdown of Europe Bioelectric Medicine Market by Product Type, 2020-2030, % of Sales Revenue    40
Figure 13. Europe Addressable Market Cap in 2021-2030 by Product Type, Value ($ mn) and Share (%)    41
Figure 14. Europe Bioelectric Medicine Market: Implantable Bioelectric Medicine, 2019-2030, $ mn    42
Figure 15. Europe Bioelectric Medicine Market: Cardiac Pacemaker, 2019-2030, $ mn    44
Figure 16. Europe Bioelectric Medicine Market: Implantable Cardioverter Defibrillators (ICD), 2019-2030, $ mn    45
Figure 17. Europe Bioelectric Medicine Market: Spinal Cord Stimulators, 2019-2030, $ mn    46
Figure 18. Europe Bioelectric Medicine Market: Cochlear Implants, 2019-2030, $ mn    47
Figure 19. Europe Bioelectric Medicine Market: Deep Brain Stimulators, 2019-2030, $ mn    48
Figure 20. Europe Bioelectric Medicine Market: Vagus Nerve Stimulators, 2019-2030, $ mn    49
Figure 21. Europe Bioelectric Medicine Market: Sacral Nerve Stimulators, 2019-2030, $ mn    50
Figure 22. Europe Bioelectric Medicine Market: Retinal Implants, 2019-2030, $ mn    51
Figure 23. Europe Bioelectric Medicine Market: Other Implantable Bioelectric Medicines, 2019-2030, $ mn    52
Figure 24. Europe Bioelectric Medicine Market: Non-invasive Bioelectric Medicine, 2019-2030, $ mn    53
Figure 25. Europe Bioelectric Medicine Market: Transcutaneous Electrical Nerve Stimulators, 2019-2030, $ mn    55
Figure 26. Europe Bioelectric Medicine Market: Transcranial Magnetic Stimulation (TMS), 2019-2030, $ mn    56
Figure 27. Europe Bioelectric Medicine Market: Pulsed Electromagnetic Field Therapy, 2019-2030, $ mn    57
Figure 28. Europe Bioelectric Medicine Market: Other Non-invasive Bioelectric Medicines, 2019-2030, $ mn    58
Figure 29. Breakdown of Europe Bioelectric Medicine Market by End User, 2020-2030, % of Sales Revenue    59
Figure 30. Europe Addressable Market Cap in 2021-2030 by End User, Value ($ mn) and Share (%)    60
Figure 31. Europe Bioelectric Medicine Market: Hospitals and Clinics, 2019-2030, $ mn    61
Figure 32. Europe Bioelectric Medicine Market: Research Institutes, 2019-2030, $ mn    62
Figure 33. Europe Bioelectric Medicine Market: Individual Users, 2019-2030, $ mn    63
Figure 34. Breakdown of European Bioelectric Medicine Market by Country, 2019 and 2030, % of Revenue    65
Figure 35. Contribution to Europe 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)    66
Figure 36. Bioelectric Medicine Market in Germany, 2019-2030, $ mn    67
Figure 37. Bioelectric Medicine Market in UK, 2019-2030, $ mn    69
Figure 38. Bioelectric Medicine Market in France, 2019-2030, $ mn    71
Figure 39. Bioelectric Medicine Market in Spain, 2019-2030, $ mn    73
Figure 40. Bioelectric Medicine Market in Italy, 2019-2030, $ mn    75
Figure 41. Bioelectric Medicine Market in Russia, 2019-2030, $ mn    77
Figure 42. Bioelectric Medicine Market in Rest of Europe, 2019-2030, $ mn    79
Figure 43. Growth Stage of Europe Bioelectric Medicine Industry over the Forecast Period 
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