Pain Management Devices Market Size, Trends and Growth Analysis type (stimulators, transcutaneous electrical nerve stimulation devices, pumps, ablation devices), application (cancer pain, musculoskeletal pain, migraine), Forecast to 2023
Pain Management Devices Market Analysis
As per Market Research Future (MRFR) analysis, the global Pain Management Devices Market size was valued USD 3.58 billion in 2016 and is expected to reach USD 5.81 billion with a CAGR of 7.2 % from 2016 to 2023 (forecast period). Adapting to the latest novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Pain Management Devices Market is included in this study. The effect of the novel coronavirus pandemic on the growth of the global Pain Management Devices Market is analysed and highlighted in the report.
Pain management is a medical science branch that eases the suffering of patients who have chronic pain. Acute pain has a rapid onset of action, while chronic pain lasts for a prolonged period of time, which adds to the need to treat it. Pain management devices are medical devices used to treat various forms of pain, such as neuropathic pain, cancer pain, musculoskeletal pain, nociceptive pain, and others. Spinal cord stimulators, analgesic infusion pumps, transcutaneous electrical nerve stimulation devices, and ablation devices are available on the Pain Management Devices Market for different forms of pain management devices.
Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1504
Pain Management Devices Market Dynamics
The Pain Management Devices Market is driven by a growing number of patients suffering from various diseases. Increasing aging population and increasing government’s efforts to increase pain management centers have expanded the Pain Management Devices Market. Besides this, the increasing prevalence of many acute and chronic diseases has also led to an increase in the Pain Management Devices Market.
On the other hand, the side effects of pain management devices and high costs are the main limiting factors for the Pain Management Devices Market growth.
Pain Management Devices Market Segmentation
The global Pain Management Devices Market has been segmented into type and application.
Based on type, the global Pain Management Devices Market has been segmented into stimulators, pumps, and ablation devices. Stimulators are sub-segmented into 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 segmented into microwave devices, cryoablation devices, and others. Pumps are sub-segmented as analgesic infusion pumps and others. Analgesic infusion pumps are further segmented into patient control infusion pumps, external infusion pumps, intrathecal infusion pumps, and others.
Based on application, the global Pain Management Devices Market has been segmented into cancer pain, musculoskeletal pain, migraine, and others.
Pain Management Devices Market Regional Analysis
Region-wise, the global Pain Management Devices Market has been segmented into North America, Asia Pacific, Europe, and the Middle East & Africa.
North America is the leading market for pain management devices, followed by Europe. Market growth is essentially underpinned by massive investment and advancement in research and development. Growth has been driven by a lot of development and research in neurostimulation related pain management devices.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/pain-management-devices-market-1504
The Asia Pacific is the fastest market for pain management devices. Due to a large population base, the development of infrastructure, and the growing prevalence of many diseases in the area have fueled the growth of the industry.
Pain Management Devices Market Key Players
Some of the significant participants in the global Pain Management Devices Market are Baxter International Inc. (US), Medtronic Plc (US), St. Jude Medical (US), Boston Scientific Corporation (US), Bio-Medical Research (BMR) Ltd. (UK), Smiths Medical (UK), Codman and Shurtleff, Inc. (US), Kimberly-Clark Corporation (US), Hospira Inc. (US), DJO Global LLC (US), B. Braun Melsungen AG. (Germany) Stryker Corporation (US), and Pain Management, Inc (US).
Browse More Healthcare Research Reports at:
- 3D bioprinting market size is expected to reach a valuation of USD 1,923.02 million by 2023
- Global Digital Health Market has been predicted to reach a valuation of USD 3,28,887.8 million by 2025
- Wearable Medical Devices Market size can balloon to USD 27,200 million by 2023
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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 Services.
Market Research Future
+1 646 845 9312