New Research Report on Bioelectronic Medicine Forecasts $16.6B Market
April 2019 issue
A newly published market research report from Neurotech Reports, the publisher of this newsletter, forecasts that the worldwide market for bioelectronic medicine and related technologies will reach $16.6 billion by 2025. The Market for Bioelectronic Medicine: 2020-2025 takes an in-depth look at the technology, markets, competitors, research, and growth rates in key applications areas in the years 2020 through 2025. It forecasts U.S. and worldwide revenue, compound annual growth rates, and competitor market shares for bioelectronic medicine devices in several key indications, including hypertension, gastrointestinal disorders, bowel and bladder disorders, cardiac disorders, metabolic disorders, and ENT disorders.
The report breaks down worldwide revenue between core applications that conform to a classic definition of bioelectronic medicine—neuromodulation that affects an end organ—and an expanded definition that includes more traditional forms of neuromodulation for disorders such as pain, epilepsy, and other neurological conditions. Sales of bioelectronic medicine systems for core indications will grow from $1.1 billion in 2020 to $4.3 billion in 2025, a compound annual growth rate of 32 percent. The market for expanded applications will grow from $7.0 billion in 2020 to $12.3 billion in 2025, a 12 percent growth rate.
Authors of the report include Neurotech Reports editors James Cavuoto, Jennifer French, Jeremy Koff, and Margot Puerta. Two industry experts also contributed to the study. Tony Arnold, principal of the consulting firm Precys and former CEO of SetPoint Medical, provided valuable input, as did Victor Pikov, CEO of Medipace Inc. and former research platforms director at Galvani Bioelectronics.