Germany electroceuticals market is expected to grow at a CAGR of around 7% during the forecast period. The presence of quality healthcare system and favorable government policies is driving the market growth in the region. Further, noticeable numbers of Parkinson’s disease cases is also creating demand for electroceuticals in the region. Moreover, according to the Institute of Health Metrics and Evaluation, the value for the prevalence of Parkinson’s disease in 2013 was 32.10 million, which decreased up to 31.02 million in 2017. Parkinson’s disease is a common neurodegenerative disease, that impacts about 1% of the population of Germany over 65 years of age.
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The market is segmented on the basis of product and end-user. On the basis of product, the market is segmented into cardioverter defibrillators and cardiac pacemaker, deep brain stimulators (DBS), spinal cord stimulators (SCS), vagus nerve stimulators, hearing aids, and cochlear implants, and others such as sacral nerve stimulators, and transcutaneous electrical nerve stimulators. By end-user segment, the market is segmented into hospitals & clinics and homecare and other.
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Germany Electroceuticals Market Segmentation
By Product and its Application
- Cardioverter Defibrillators and Cardiac Pacemaker
- Arrhythmias
- Deep Brain Stimulators
- Parkinson’s Disease
- Depression
- Spinal Cord Stimulators
- Failed Back Syndrome
- Ischemia
- Vagus Nerve Stimulators
- Epilepsy
- Cochlear Implants
- Sensorineural Hearing Loss
- Others (Sacral Nerve Stimulators, Transcutaneous Electrical Nerve Stimulators)
- Urinary Incontinence
- Treatment-Resistant Depression
By End-User
- Hospitals and Clinics
- Homecare and Other
Company Profiles
- Abbott Laboratories, Inc.
- Advanced Bionics AG
- Boston Scientific Corp.
- Cochlear Ltd.
- Demant A/S
- Edwards Lifesciences Corp.
- Getinge AB
- GlaxoSmithKline PLC
- Medtronic PLC
- Sonova Holding AG
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