Bioelectric medicine is a new and innovative approach to diagnosing and treating injuries and diseases. All major organs are connected to the nerve, which allows the brain to monitor and regulate the functions of the organs. Bioelectric medical devices are used to modulate and read the electrical activity within the body’s nervous systems. Nerve blocking devices or nerve stimulating devices that are implanted on a nerve have the potential to regulate specific nerve activity, make specific changes in organ function, and thus restore health, without much complicated side effects of pharmaceutical agents.
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Bioelectric medicine technology is used to record, block, and stimulate neural signals. It is also used for the treatment of conditions such as cancer, paralysis, rheumatoid arthritis, and diabetes. Electroceuticals are alternative to drug based remedies.
For instance, in 2016, GlaxoSmithKline Plc. (GSK) merged with Google’s parent company Galvani Bioelectronics, who wants to benefit from 2 billion people who are suffering from chronic diseases. GSK invested around $ 615 million for the development of Galvani Bioelectronics. In 2015, Synapse Electroceutical Technology, a UK-based company launched a new product Accel-Heal, which is a non-invasive class 2A medical device. The device promotes healing of leg ulcers by using electrical energy. Accel-Heal delivers a sequence of low level, pre-programmed and sub-sensory electrical energy through the surface of the skin. Synapse Electroceutical Technology has a product for venous leg ulcer management in the pipeline,
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Key vendors:
Medtronic PLC, Sonava, Boston Scientific Corporation, St Jude Medical, Liva Nova PLC, Biotronic, Second Sight Medical Products, Nevro Corp., and Electrocare among others.
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