Pain Management Devices Market Growth Factors, Trends, Key Companies, Forecast

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Rising demand for chronic pain management in home care settings is a significant factor driving global pain management devices market revenue growth

The global pain management devices market size is expected to reach USD 4.65 Billion at a steady revenue CAGR of 8.6% in 2030, according to latest analysis by Emergen Research. Rising prevalence of neurological disorders is a major factor driving market revenue growth. According to a new United Nations report, up to 1 billion individuals, or nearly one in six of the world's population, suffer from neurological disorders, including migraine, brain injuries, and neuroinfections as well as diseases such as Alzheimer's Disease (AD) and Parkinson's Disease (PD), stroke, multiple sclerosis, and epilepsy. While every year, 6.8 million individuals die as a result of these illnesses. In addition, 20%–40% of patients with many basic neurological conditions experience chronic pain, which is a frequent component of many neurological disorders. These illnesses are caused by various pathophysiologies, such as neurodegeneration, neuroinflammation, and traumatic injury to central nervous system, hence, pain management devices are increasingly used to manage this pain.

When accessing the major driving forces shaping the progress of the Pain Management Devices industry the researchers also focus on the growth of the customer base in various emerging regions. Advantages offered by the products such as improved shelf life as well as durability and how they are impacting the development of the industry are also assessed during the research. While examining the major restricting factors researchers make an attempt to analyse the strict environmental regulations affecting the market.

 

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Key companies operating in the Pain Management Devices market include:

Medtronic, Stryker, BD, B. Braun SE, Boston Scientific Corporation, Abbott, Baxter, Avanos Medical, Inc., Teleflex, Incorporated, and Smiths Medical

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Pain Management Devices market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

  • Comprehensive analysis of the competitive scenario and its changing dynamics
  • Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
  • In-depth 8-year analysis of the Global Pain Management Devices Market
  • Critical understanding of the key market segments
  • Comprehensive analysis of the drivers, restraints, trends, and opportunities
  • Detailed regional analysis and extensive company profiling
  • Extensive assessment of current and emerging trends of the market

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Pain Management Devices Market Segmentation:

  • Type Outlook (Revenue, USD Million; 2019–2030)

    • Neurostimulation Devices
      1. Transcutaneous Electrical Nerve Stimulation (TENS) Devices
      2. Spinal Cord Stimulation
    • Infusion Pumps
      1. High Use of Infusion Pumps in Postoperative Pain Management
      2. Interathecal Infusion Pumps
      3. External Infusion Pumps
    • Ablation Devices
      1. Radiofrequency (RF) Ablation Devices
      2. Cryoablation Devices
  • Application Outlook (Revenue, USD Million; 2019–2030)

    • Neuropathic Pain
    • Cancer Pain
    • Facial Pain Migraine
    • Musculoskeletal Pain
    • Other Applications
  • Mode of Purchase Outlook (Revenue, USD Million; 2019–2030)

    • Over-the-Counter Pain Management Devices
    • Prescription-Based Pain Management Devices

 

Pain Management Devices Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • 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)

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