Increased awareness about potential dangers of pain-killers, rising geriatric population, collaborations for technical advancements in pain management devices and increase in chronic pain incidences are key factors contributing to high CAGR of pain management devices market during the forecast period.
the global pain management devices market was valued at USD 5.05 billion in 2018 and is expected to reach USD 8.91 billion by the year 2026, at a CAGR of 7.3%. Management of ache by stimulating the nerve is an alternative to surgery and medication or a way to improve the outcome of surgery or medication. Electrical stimulation can be used at home and in therapy to monitor and reduce ache in many areas of the body. Devices such as analgesia infusion pumps, transcutaneous electrical nerve stimulators, radiofrequency ablators, and neuro-stimulators are several types of pain management devices. The target market is anticipated to witness strong growth due to advancements in wearable pain management devices, chronic ache issues.
The demand for radiofrequency ablation devices and other pain management electrical devices is expected to rise due to an increase in chronic ache conditions as well as the rising geriatric population globally. Other factors such as the high effectiveness of ache management tools for chronic ache, increased incidence of lifestyle-related chronic diseases, increased geriatric population, and the long-term demand for effective pain management solutions will propel the growth of this industry. However, the low awareness levels among people for pain management devices and the lack or absence of skilled physicians is anticipated to impede the growth of the industry.
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The report provides extensive coverage of the supply chain, key players of the industry, consumer base, company profiles, production and consumption rate, primary applications, and other relevant data. It provides an in-depth assessment of the key companies operating in the market along with their company profiles, business overview, production and manufacturing capacity, product portfolio, financial standing, global position, and business expansion plans. It also studies recent mergers and acquisitions, joint ventures, product launches, partnerships, collaborations, and agreements among other. The report also provides insights into new entrants and their strategic alliances to gain a robust footing in the market.
Key Manufacturers in the Global Pain Management Devices Market:
St. Jude Medical, Inc. (subsidiary of Abbott), Medtronic, Boston Scientific Corporation, Hospira, Inc. (subsidiary of Pfizer Inc.), B. Braun Melsungen AG, Smiths Medical, Halyard Health, Inc., Nevro Corp., and Bio-Medical Research Ltd among others.
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The report also provides an extensive regional segmentation to offer the readers key insights into the spread of the market over key geographical regions. It covers production and consumption patterns, import/export, supply and demand, consumer demand and behavior, key trends, and presence of key players in each region. The report also offer a country-wise analysis to impart a better understanding of the revenue growth of the market in each region.
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Outlook (Revenue in Million USD; 2016–2026)
- Electrical Stimulators
- Transcutaneous Electrical Nerve Stimulators (TENS)
- Trigeminal Nerve Stimulation (TNS)
- Transcranial Magnetic Stimulation
- Combination Devices
- Others
- Ablation Devices
- Cryoablation Devices
- Radiofrequency Ablation Devices
- Epicardial Ablation
- Analgesics Infusion Pumps
- Intrathecal Infusion Pumps
- External Infusion Pumps
- Neurostimulation
- Spinal Cord Stimulators
- Deep Brain Stimulators
- Sacral Neurostimulators
- Others
Application Outlook (Revenue in Million USD; 2016–2026)
- Cancer
- Neuropathic Pain
- Facial Migraine
- Musculoskeletal Disorders
- Trauma
End User Outlook (Revenue in Million USD; 2016–2026)
- Physiotherapy Centers
- Hospitals and Clinics
- Ambulatory Surgical Centers
Mode of Purchase Outlook (Revenue in Million USD; 2016–2026)
- Over-the-counter Devices
- Prescription-based Devices
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Key Questions Addressed in the Report:
- What is the market size the global Pain Management Devices market is expected to reach over the forecast period? What is the expected CAGR?
- What are the key segments of the market?
- What are the key products and applications of the Pain Management Devices market?
- What factors are expected to drive and restrain market growth over the forecast period?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
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