New York, USA, Nov. 28, 2022 (GLOBE NEWSWIRE) — Bioelectric Medicine Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Bioelectric Medicine Market Information by Type, Product, Application, and End User, and Region – Forecast till 2030”, the market size is projected to be worth USD 31.65 billion by 2030 at 6.46% CAGR during the forecast period 2022 – 2030.
Market Scope
In order to enable the development of nerve stimulating technologies for use throughout the therapeutic process, electroceuticals and bioelectric medicine incorporate the domains of molecular medicine, bioengineering, and neuroscience. Through the use of electrical impulses, it alters how the organism functions. These medications are an alternative that could be used in conjunction with drug-based therapy. The principles of neuro stimulation, which can be interpreted as the control of electrical impulses in the nervous system, underlie the operation of both electroceuticals and bioelectric medicine. It has the ability to treat a variety of illnesses with both invasive and non-invasive methods.
It is projected that it will take the place of medication-based treatment in the coming years. This therapeutic modality includes brain implants such cochlear implants, spinal cord stimulators, and retinal implants in addition to implantable pacemakers and defibrillators.
