Indian electroceuticals market is expected to grow at a CAGR of 10.0% during the forecast period. The growing incidences of sensorineural Hearing Loss, Parkinson’s disease, epilepsy, ischemia and other chronic diseases in India are generating the demand for electroceutical devices for treatment of these diseases. Further, the other factors that drives the electroceuticals market across the region includes the government rules and regulations supporting the electroceuticals market growth in the region.
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High prevalence of hearing loss in the country is generating demand for hearing aids which in turn, accelerate the market growth of electroceuticals. Furthermore, according to Neurology India, in 2017, there were more than 10 million persons with epilepsy in India. The epilepsy disease can be treated in better way by the use of electromagnetic signals for its treatment using electroceuticals. Therefore, high incidence of epilepsy is again anticipated to boost the Indian electroceuticals market growth in India.
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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Indian 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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