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Bioelectronics Market Expansion to be Persistent During 2018 – 2026

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Bioelectronics is a branch of medical science that deals with the application of ideologies of biological sciences in electrical/electronic engineering. In simpler terms, bioelectronics is the combination of biology and electronics.
Bioelectronics Market Expansion to be Persistent
During 2018 – 2026
Bioelectronics Market – Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018-2026
Bioelectronics is a branch of medical science that deals with the application of ideologies of biological
sciences in electrical/electronic engineering. In simpler terms, bioelectronics is the combination of
biology and electronics. This is an essential emerging field in medicine. Bioelectronics has led to the
expansion of various devices such as the pacemaker and a wide variety of therapeutic imaging devices
that are easily accessible. The nervous system transmits an endless number of signals to carry out
various functions of the human body. This creates a highly lucrative growth prospect for the study of
bioelectronics and the related market is projected to flourish over the next few years.
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Some of the major tools associated with bioelectronics are bioelectromagnetics, robotics, sensors, and
neural networks. Bioelectronics have been making a huge impact in the medicinal field from its early
days, however, bioelectronics’ role in medical science is likely to grow at an incredible pace during the
forecast period, touching disparate healthcare specialties such as vision disorders and spinal injuries.
Wide-ranging research and development activities related to bioelectronics will aid in the increasing
health care market by facilitating on-site diagnosis as well. Apart from life sciences and medical
research, it is used in ecological monitoring as well, with requirement for the latter anticipated to rise
speedily in the forecast period, owing to growing danger of global warming around the globe.
Increasing awareness about bioelectronics is one of the key factors that will drive the growth of the
market. High prevalence of cardiovascular diseases and rising usage of artificial pacemakers will
propel the growth of bioelectronics market in the coming years. Additionally, increasing demand for
home care and customized medicine are some of the other key drivers of the bioelectronics market.
Moreover, sensors industrialized by bioelectronics research are responsible for the rise in demand for
the bioelectronics products.
Rising demand for diagnostic tests and monitoring devices like cardiac pacemakers, devices for
measuring blood glucose level, and other medical devices are expected to increase the market size.
Increasing incidence of diabetes along with rising need to monitor blood glucose level is expected to
impact the market optimistically. Advances in technology and growing innovation in the field are some
of the other reasons that will drive the growth of the bioelectronics market over the forecast period.
Some of the key players operating in the global bioelectronics market are F. Hoffmann-La Roche Ltd,
Abbott laboratories, LifeSensors, Siemens Healthcare, Nova Biomedical Corporation and AgaMatrix.
Some of the other companies operating in the market are Bioelectronics Corporation, Sotera wireless,
Beckman Coulter, Bodymedia, Avago, Danaher Corporation, Medtronics, Omnivision Technologies,
and Roche, Sensirion.
Growing diabetic population and the increasing prevalence of heart diseases will drive the overall
bioelectronics market
According to the Heart Foundation, in 2011, heart and other cardiovascular diseases led to 787
thousand fatalities in the U.S. alone. Moreover, as per International Diabetic Federation (IDF) around
415 million people suffered from diabetes in 2015. Since diabetic monitoring and control as well as
heart failure patients need bioelectronics devices in the form of glucose monitoring devices, and
artificial pacemakers, respectively, the market for bioelectronics product is likely to experience a huge
surge in demand during the forecast period. This is attributed to rise in the number of patients suffering
from the aforementioned diseases. Click To Read More On Bioelectronics Market.
North America held the maximum share of the bioelectronics market, owing to large number of
applications in various healthcare segments. Rising occurrence of several grave diseases due to
sedentary lifestyle; existence of large number of R&D facilities; and escalating adoptability of refined
and advanced products by healthcare professionals, clinicians and patients, the bioelectronics market
will see a significant growth momentum in this region. Asia Pacific is expected to observe a
considerable growth due to improvement in healthcare infrastructure as well as speedy economic
growth in the course of the forecast period.
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