Global Pain management devices Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Pain management devices are intended to minimize pain and discomfort of patients suffering from acute or chronic pain. The global pain management device market was estimated to grow at a CAGR of 7.2 % during the forecast period.
Some of the major players in the global pain management devices market are Medtronic Plc (US), Baxter International Inc. (US), Kimberly-Clark Corporation (US), Boston Scientific Corporation (US), St. Jude Medical (US), Stryker Corporation (US), Bio-Medical Research (BMR) Ltd. (UK), Codman and Shurtleff, Inc. (US), Smiths Medical (UK), Hospira Inc. (US), DJO Global LLC (US), B. Braun Melsungen AG. (Germany) and Pain Management, Inc (US) and others.
Get a FREE Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1504
Drivers
The market drivers for pain management devices are rising number of the patient suffering from chronic pain owing to rising incidence of neuromuscular diseases, increasing aging population, growing pain rehabilitation centres, growing sports culture, rising research and development in medical devices, and growth in industrial manufacturing capacity for medical devices.
According to National Institutes of Health more than half of American adults representing 126 million Americans suffer some type of pain within the last 3 months, with more than 25 million suffering from chronic pain. Rising awareness and demand for drug free alternatives for pain relief. The Gallup-Palmer College of Chiropractic Annual Study of Americans stated that approximately 78 % of Americans prefer physiotherapy for pain relief over prescription medications. According to World Health Organization (WHO) estimates the proportion of the world’s population over 60 years will nearly double from 12 % to 22 % between 2015 and 2050,
The rise in risk factors especially obesity has contributed positively to the growth of the market. According to WHO, worldwide obesity has more than doubled since 1980 and in 2014, more than 1.9 billion adults, were overweight. Technological and product development such as portability, long lasting battery power light weight, compact, comfortable, and easy to use and silent devices are also contributing to the growth of the market. Customised personalized devices manufactured after mapping the needs of individual patients to ensure a perfect fit is a market opportunity and has led to partnerships among firms and hospitals.
Research of new pain management therapies such as electrotherapy pain relief and transcutaneous electrical nerve stimulation has led to the development of transcutaneous electrical nerve stimulation (TENS) machines. Transcutaneous electrical nerve stimulation (TENS or TNS) uses electric current stimulation of nerves for pain relief. The growing functionality of these devices such as variable frequency, rate of pulse delivery, stimulation rate, biphasic pulse, duration and others has resulted in rapid market adoption of these devices.
Restraints
The market constraints are side effects of pain management devices, high cost, poor efficacy and effectiveness, lack of experimental validation and occasional malfunctioning are the major restraining factors for the growth of the market. The presence of poor and substandard products prone to breakdown and poor reimbursement is another restraint.
The lack of guidelines and standards for design and manufacturing of devices and contradictory claims about the effectiveness by a number of manufacturers in the market has created a situation of lack of credibility foe the pain management devices industry as a whole.
Segmentation:
To generate an accurate understanding of the global Pain management devices Market, the report has been segmented on basis type into stimulators, pumps, and ablation devices.
Based on stimulators, the market is segmented as neuromodulator devices and transcutaneous electrical nerve stimulation (TENS) devices. Neuromodulator devices are further sub segmented into spinal cord stimulator, intrathecal pain pump, peripheral nerve stimulator, dorsal root ganglion stimulation and other. Ablation devices are further divided into microwave devices, cryoablation devices and others while pumps are sub segmented as analgesic infusion pumps and other. Analgesic infusion pumps is further segmented into patient control infusion pumps, external infusion pumps, intrathecal infusion pumps and other.
Based on application, the market is segmented as cancer pain, musculoskeletal pain, migraine, and others.
Based on regions, the market is segmented as North America, Europe, Asia Pacific, Middle East and Africa.
Regional Analysis:
North America accounts for the largest market led by the U.S. owing to high per capita income, presence of global players and fast adoption of latest technology.
Europe is led by Germany owing to its large and developed medical device industry and followed by France and U.K.
However the market is shifting in favour of developing regions especially of Asia Pacific due to a huge population base, industrial development and increasing prevalence of diseases. The Asia Pacific market is anticipated to be dominated by India and China. Middle East and Africa is expected to drive a moderate growth led by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
Get More Information on Pain management devices Market Research Report Global Forecast to 2023 @ https://www.marketresearchfuture.com/reports/pain-management-devices-market-1504
Intended Audience
- Research and Development (R&D) Companies
- Pain Management Device Manufacturing Companies
- Government and Independent Research Laboratories
- Government and Independent Regulatory Authorities
- Contract Research Organizations (CROs)
- Medical Research Laboratories
- Academic Medical Institutes and Universities
Study Objectives Global Pain Management Devices Market
- Detail analysis of the market with respect to all the possible segmentation of the market.
- Detail information about the factors affecting the growth of the global pain management devices market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global pain management devices market.
- Detail Information about the present and forecasted market with its key players that influences the market on global scale.
- Analysis of the market of the different factors like- price analysis, supply chain analysis, porters five force analysis etc.
- Detail information on the possible segments and sub segments of the market. And regional analysis of the market- North America, Europe, Asia Pacific and Middle East and Africa.
- Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Detail information on trends and the opportunities in various regions.
Ask for your specific company profile and country level customization on reports.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Your information will never be shared with any third party.