Pain Management Devices Market Size (2020 to 2025)
As per our recent research report, the size of the global pain management devices market is estimated to worth USD 5.5 billion by 2025 from USD 3.66 billion in 2020, registering a CAGR of 8.5% between 2020 to 2025.
Key Market Drivers:
The growth of the global pain management devices market is primarily propelled by factors such as the growth of demand for long term pain management devices among the geriatric population and a large patient population base. Furthermore, the rise of establishments in reimbursements policies for SCS (spinal cord stimulation) devices in developing countries, adverse effects in medications of pain, and developing novel pain management devices, and high efficiency of pain management devices with proof to treat chronic pain are expected to deliver additional support to the global pain management devices to grow further.
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Significant Challenges:
Less awareness among the public about the availability and usage of pain management devices, a smaller number of pain clinics in various countries, lack of pain specialists, high expenditure, and procedures of pain management devices are primary restraints of the global pain management devices market.
COVID-19 impact on the global pain management devices market:
Every market has been impacted by the COVID-19 pandemic outbreak, including the world’s medical device industry. It’s been observed that during the pandemic, the demand for pain management devices has increased tremendously, and the future is expected to be even more bright.
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This research report on the global pain management devices market has been segmented & sub-segmented based on the device type, application, mode of purchase, and region.
By Device Type:
- Neurostimulation Devices
- Transcutaneous Electrical Nerve Stimulation devices
- Spinal Cord Stimulation devices
- Ablation Devices
- Radiofrequency Ablation Devices
- Cryo Ablation Devices
- Analgesia Infusion Pumps
- Intrathecal Infusion Pumps
- External Infusion Pumps
The largest share is contributed by the Neuromodulation devices segment based on the device type due to factors such as cost-effectiveness of neurostimulation devices, availability of reimbursement policies for SCS therapy in developing countries, and high efficiency.
By Application:
- Neuropathic Pain
- Facial Pain
- Migraine
- Musculoskeletal Pain
- Cancer Pain
- Others
During the forecast period, the largest share is expected to be recorded by the application’s neuropathic pain segment due to the high prevalence of diseases results in neuropathic pain devices.
By Mode of Purchase:
- Counter Purchase
- Prescription Based Purchase
Based on the mode of purchase, the major share is accounted for by the prescription-based devices segment due to factors such as the presence of long market devices with high safety profiles and high efficiency with effectiveness.
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Geographically, the largest revenue share was recorded by the North American region owing to factors such as advanced technology and the presence of major key players. Following the North American region, the second revenue growth share was held by the European region. During the forecast period, the high and large share is estimated for Asia-Pacific due to the rise of chronic diseases, growth of support by government, a high population of the middle class, and developing countries like China, Japan, and India. Launching of new strategic plans to introduce new products. The least share is registered in the Middle East and Africa region due to lack of awareness and lack of advanced technology.
NOTABLE COMPANIES IN THIS MARKET:
Some of the key market participants dominating the global pain management devices market profiled in this report are St. Jude Medical, Inc., Boston Scientific Corporation, Medtronic plc, Baxter International, Stryker Corporation, Pfizer, Codman and Shurtleff, B Braun Melsungen AG, and DJO Global LLC.
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List of Tables & Figures of the report:
- Global Pain Management Devices Market, By Region, From 2020 to 2025 (USD Billion)
- Global Pain Management Devices Market, By Device Type, From 2020 to 2025 (USD Billion)
- Global Neurostimulation Devices Market, By Region, From 2020 to 2025 (USD Billion)
- Global Ablation Devices Market, By Region, From 2020 to 2025 (USD Billion)
- Global Analgesic Infusion Pumps Market, By Region, From 2020 to 2025 (USD Billion)
- Global Pain Management Devices Market, By Application, From 2020 to 2025 (USD Billion)
- Global Neuropathic Pain Market, By Region, From 2020 to 2025 (USD Billion)
- Global Facial Pain and Migraine Market, By Region, From 2020 to 2025 (USD Billion)
- Global Musculoskeletal Pain Market, By Region, From 2020 to 2025 (USD Billion)
- Global Cancer Pain Market, By Region, From 2020 to 2025 (USD Billion)
- Global Other Pains Market, By Region, From 2020 to 2025 (USD Billion)
- Global Pain Management Devices Market, By Mode of Purchase, From 2020 to 2025 (USD Billion)
- Global Over the Counter Market, By Region, From 2020 to 2025 (USD Billion)
- Global Prescription Based Market, By Region, From 2020 to 2025 (USD Billion)
- Global Pain Management Devices Market, By Neurostimulation Devices, From 2020 to 2025 (USD Billion)
- Global Transcutaneous Electrical Nerve Stimulation Devices Market, By Region, From 2020 to 2025 (USD Billion)
- Global Spinal Cord Stimulation Devices Market, By Region, From 2020 to 2025 (USD Billion)
- 150+ More
Browse Regional Reports:
- North America Pain Management Devices Market
- Europe Pain Management Devices Market
- Asia-Pacific Pain Management Devices Market
- Latin America Pain Management Devices Market
- MEA Pain Management Devices Market
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