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Pain Management Devices Market Analysis, Demand, Growth Opportunities and Recent Trends by Leading Manufacturers and Regions- P&S Intelligence

08-02-2019 09:07 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Pain Management Devices Market Analysis, Demand, Growth

The global pain management devices market is growing significantly due escalating technological advancement and massive research and development in pain management, increasing demand for point-of-care testing, and reappearance of pain after surgery. Increasing necessity for long-term rehabilitation pain management intended for geriatric population, unmet requirements for neuropathic pain, and increasing government initiatives to develop chronic pain rehabilitation centers in order to improve quality of life are supporting the growth of the global pain management devices market.

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The pain management devices market is categorized on the basis of type and application. On the basis of type, the market can be categorized as neurostimulation devices, electrical stimulators, analgesic infusion pumps, radiofrequency ablation devices and others. Radiofrequency ablation devices are expected to grow at a fastest rate in the coming years as it blocks the passage of pain signals to brain without affecting tissues.

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Some of the factors driving the growth of the global pain management devices market are increasing aging population, deficiency of effective analgesic drugs, escalating healthcare spending, refining healthcare infrastructure, and increasing prevalence of chronic diseases such as cancer, degenerative diseases, and diabetes. In addition, rise in neuropathic pain disorders, growing patient awareness regarding pain management, and rising government initiatives are also fuelling the growth of the market in the projected period. However, side effects of pain management devices, such as skin redness and skin hypersensitivity, presence of alternatives such as pharmaceuticals, and implementation of Affordable Healthcare Act in the U.S., are some of the factors restraining the growth of the global pain management devices market to some extent.

Some of the companies operating in the global pain management devices market are B. Braun Melsungen AG, Codman And Shurtleff, Inc., Stryker Corporation, Baxter International, Inc., DJO Global LLC., Boston Scientific Corporation, Medtronic, Inc., Hospira Inc., Smith Medical, Kimberly-Clark Corporation, and St. Jude Medical, Inc.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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