Pain Management Devices Market - Key Company Profile, Global Manufacturers, Industry Forecast and Major Applications to 2021

Pain management devices market has been segmented on basis of type (neurostimulation devices, ablation devices, and analgesic infusion pumps), applications(neuropathic pain, cancer pain, facial pain and migraine, musculoskeletal pain, and others), mode of purchase (over-the-counter and prescription-based pain management devices), and region (North America, Europe, Asia-Pacific, & Rest of the World).

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Global pain management devices market is estimated to grow at a CAGR of 8.5% from 2016 to 2021 to reach USD 4.64 Billion by 2021. Asia-Pacific region has become an attractive destination for companies engaged in the manufacture of pain management devices. Company also planned to start its operations in India, starting with 40 distribution locations across the country.

Executive Summary
3.1 Introduction
3.2 Conclusion

Premium Insights
4.1 Global Pain Management Devices Market Overview (2016–2021)
4.2 Geographical Snapshot of the Global Market
4.3 Global Market, By Application and Region (2016)
4.4 Global Market, By Mode of Purchase and Region (2016 vs 2021)

Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Demand for Long-Term Pain Management Among the Geriatric Population
5.3.1.2 Large Patient Population Base
5.3.1.3 Adverse Effects of Pain Medications
5.3.1.4 High Proven Efficacy of Pain Management Devices for the Treatment of Chronic Pain
5.3.1.5 Established Reimbursement Scenario for Spinal Cord Stimulation (SCS) Devices in Developed Countries
5.3.1.6 Development of Novel Pain Management Devices
5.3.2 Restraints
5.3.2.1 Low Awareness About the Availability and Use of Pain Management Devices
5.3.2.2 Shortage of Pain Specialists and Low Number of Pain Clinics in Several Countries
5.3.2.3 Existence of A Gap in Prevalence and Treatment of Pain
5.3.2.4 High Procedural and Purchase Cost of Pain Management Devices
5.3.3 Opportunities
5.3.3.1 Increasing Number of Patients Suffering From Neuropathic Pain
5.3.3.2 Expanding Base of Pain Management Clinics/Centers Across the Globe
5.3.3.3 Strong Product Pipeline for Pain Management Devices
5.3.3.4 Stringent Regulations to Limit Opioid Pain Killer Prescriptions
5.3.4 Challenges
5.3.4.1 Presence of Alternative Therapies for Pain Management
5.3.4.2 Use of Pain Medications as the First Line of Treatment for Pain Management
5.3.4.3 Stringent Regulatory Guidelines Delay the Adoption of Novel Devices

Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Wearable Devices
6.2.2 Consolidation in the Pain Management Devices Market
6.2.3 Rising Popularity of Rechargeable Spinal Cord Stimulators
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry

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The pain management devices market is segmented into neuropathic pain, cancer pain, facial pain and migraine, musculoskeletal pain, and other applications (pregnancy/labor and menstrual pain, sports injuries, post-operative pain, and trauma pain).

Leading players in pain management devices market are focusing on strategies of new product launch and geographic expansion. These strategies help market players to strengthen their product portfolios, streamline their manufacturing capabilities, expand their distribution networks, and penetrate into high-growth markets.

Target Audience of this study report is as follows
• Pain Management Devices Manufacturing Companies
• Distributors and Suppliers
• Government Bodies
• Research Institutions and Universities
• Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs)

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Pain management devices market is segmented into neuropathic pain, cancer pain, facial pain and migraine, musculoskeletal pain, and other applications (pregnancy/labor and menstrual pain, sports injuries, post-operative pain, and trauma pain). Neuropathic pain segment is estimated to witness highest growth during the forecast period, primarily due to high prevalence of diseases resulting in neuropathic pain.

Japan were aged above 65 years and this figure is projected to reach 39 million by 2030 and nearly 43 million by 2050. Driven by its high growth potential, leading companies operating in pain management devices market are focusing on expanding their presence in emerging APAC countries. In September 2013, DJO Global announced plans to launch 10 pain management devices in India in a phased manner over the next five years.

Snehal Shete
Tower B5, Office 101,
Magarpatta City SEZ,
Pune-411013, India
sales@reportsandreports.com / Call +1 888 391 5441

Snehal Shete
Tower B5, Office 101,
Magarpatta City SEZ,
Pune-411013, India
sales@reportsandreports.com / Call +1 888 391 5441

This release was published on openPR.