Innovations and Growth Opportunities in Electroceuticals for Chronic Diseases

Transforming Chronic Disease Management Through Advanced Neuromodulation Technologies

Electroceuticals is a rapidly growing field that is pursuing new and innovative solutions to overcome challenges in treating various pain and neurological disorders. Emerging technologies in these areas attract significant interest because of their potential to revolutionize the field, creating promising opportunities for technology developers in the electroceutical industry for product development. However, the innovations face significant challenges, including non-selectivity, invasiveness, open-loop, and risk of data breach. As a result, most R&D activities in emerging electroceutical technologies mainly focus on incorporating AI in wearables. Questions this report answers:What are the emerging technologies gaining prominence in pain and neurological disorders management in the electroceutical space? What are the advantages and disadvantages driving R&D efforts in these modalities?Who are the major stakeholders targeting the adoption of these emerging modalities?What are the growth opportunities for electroceuticals in pain and neurological disorder management and the MedTech industry in the future?

With the rise in non-addictive, non-opioid-based personalized treatment approaches, there is an adoption shift from traditional reactive pharmaceuticals to modern preventative electroceuticals. Compared to pharmaceutical drugs, these have enabled early intervention and long-term disease management. The primary focus of the study is to identify the emerging technologies witnessing adoption across the electroceutical industry that will surpass conventional drugs and pharmaceuticals. Because of the wide adoption of Spinal Cord Stimulation, Peripheral Nerve Stimulation, and Transcranial Magnetic Stimulation for treating chronic pain and neurological conditions, respectively, and the emerging concepts of wearable electroceutical devices, closed-loop neuromodulation, and personalization, this study discusses the potential advantages and disadvantages of emerging technologies in the industry.