million in action potential venture fund on five start-ups companies for conducting research on electroceutical and $ 5 million for its own Bioelectronic research center at GSK . Around 33 electroceuticals funded by GSK are in their early research stages and are set to be tested on humans since its prototype based on animal testing is already in the market . In August 2016 , GSK and Google spinoff Verily Life Sciences entered a joint venture to form Galvani Bioelectronics to work on R & D and commercialization of bioelectronics or electroceutical devices . GSK and Verily Life Sciences would provide funding close to $ 715 million over 7 years . The initial research is concentrated on treating inflammatory , metabolic and endocrine disorders , type II diabetes and disease caused by zapping nerves . Furthermore , National Institute of Health ( NIH ) of U . S is investing heavily and has announced funds of $ 248 million for development of electroceuticals .
Major Key Players :
Major players in the electroceuticals market include Cochlear Limited , St . Jude Medical , Inc ., Medtronic plc , Nevro Corporation , LivaNova PLC , ElectroCore LLC , Boston Scientific Corporation , Sonova Holding AG , Biotronik , and Second Sight Medical Products , Inc .
Market Segmentation :
The Electroceutical Devices market is segmented based on type , application and end-user . On the basis of type , the market is further segregated into internal and external type . Internal electroceutical devices are designed to deliver electrical currents after being placed inside the body through minimally invasive procedures . External electroceutical devices are stimulation devices which are placed or moved at specific locations outside the body where it provides neuromodulation / neurostimulation
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Region Analysis :
Geographically , the market is divided into North America , Europe , Asia-Pacific , Middle East and Africa and Latin America . North America region is expected to acquire major share and is projected to witness moderate growth over the forecast period . High investments in healthcare infrastructures with favorable reimbursement coverage have contributed to market growth in this region . Asia- Pacific region is also projected to witness enormous growth over the forecast period owing to growing healthcare awareness , increasing government funding , improved economic growth , large patient pool and proliferation in the geriatric population thereby increasing the number of surgeries .
Major Points from Table of content :
• Executive Summary
• Research Methodology
• Market Dynamics
• Industry Overview
• Global Electroceutical Devices Market , By Product ( 2017-2025 )
• Global Electroceutical Devices Market , By Regions ( 2017-2025 )
• Market Competition Analysis
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