The Global Pain Relief Therapy Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pain relief therapy market for global, Europe, North America, Asia Pacific and South America.
Global Pain Relief Therapy Market is expected to rise from its initial estimated value of USD 1117.61 billion in 2016 to an estimated value of USD 1,849.63 billion by 2026, registering a CAGR of 6.5%in the forecast period of 2016-2026. Increasing investment on R&D is driving the growth of this market.
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Key Market Competitors:
Some of the major players operating in global pain relief therapy market are Johnson & Johnson Services, Inc., Eli Lilly & Company, Merck & Co. Inc., Pfizer, Inc., Abbott, F. Hoffmann La Roche Ltd., DJO, LLC, Breg, Inc., Beiersdorf AG, Medline Industries, Inc., 3M, Sanofi, ROHTO Pharmaceutical Co., Ltd., Össur Americas, Hisamitsu Pharmaceutical Co., Inc., Calmar Pain Relief, LLC, UltraCare PRO, Polar Products Inc., Agm Overseas, Stimwave LLC, Neurometrix, Niagara, Calmare Therapeutics Incorporated, Iskra Medical d.o.o., THERALASE Technologies Inc., Sombra Professional Therapy Products, Good Health Naturally, Endo Pharmaceuticals Inc., BioElectronics Corporation, HYH, Danaher, ALLERGAN, Purdue Pharma among others.
Report Segmentation
Global Pain Relief Therapy Market By Products (Prescription based products, OTC-based products {Pharmaceuticals, Medical Devices}), Mode of Purchase (Over-The-Counter, Prescribed), Application (Musculoskeletal Disorder, Sport Medicine, Post-operative, Post-trauma, Physical Therapy), End-User (Hospitals, Clinics, Ambulatory Centers, Physiotherapy Centers, Homecare Settings), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Definition:
Pain is complex and its medication is of various types, natural pain may occur due to natural lifestyle changes, pain may occur due to several reasons eg; Injuries, chronic diseases.
Pain is an intensely unpleasant sensory nervous system’s mechanism to alert the brain that action must be taken as quickly as possible to protect the body from various symptoms.
Market Drivers
- The advancements of large untapped markets, drug development in the developing economies are anticipated to provide new avenues for the industry growth in the near future.
- Due to growing awareness about potential implications of prolonged use of pain treatment drugs, including reduced efficacy, risk of addiction and side effects is going to drive the market growth
Market Restraints
- Potential restraints of the global pain relief market are skin irritation, burning sensation and allergic reactions due to over usage of pain relievers.
Competitive Analysis:
Global pain relief therapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pain relief therapy market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Reasons to Purchase this Report
- Current and future of global pain relief therapy market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Pain Relief Therapy Market report effectively provides required features of the global market for the population and for the business looking people for mergers & acquisitions, making investments, new vendors or concerned in searching for the appreciated global market research facilities. It offers a sample on the size, offer, and development rate of the market. ThePain Relief Therapy report provides the complete structure and fundamental overview of the industry market.
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Key Developments in the Market:
- In January 2019, Neurometrix has come up with AI +Neurotechnology for chronic pain , Quell is a 100% drug-free system that uses strength nerve-stimulation technology to block chronic pain, the Fitness, Sports and Biotech product category. Quell is been designed for multiple uses and sources of pain and has been shown in clinical studies to relieve from chronic pain.
- In June 2018, In collaboration with Rutgers New Jersey Medical School, last March Cepheid released the Xpert MTB/RIF Ultra test to diagnose tuberculosis (TB) and resistance to rifampicin, a critical first-line TB drug. In a World Health Organization (WHO) evaluation, the Ultra test showed better performance than Xpert MTB/RIF in detecting TB in difficult-to-diagnose and vulnerable populations, such as children and people living with HIV and in those with extra-pulmonary TB.
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