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Pain Management Devices Market Global Research and Clinical Survey Report 2020 : Medtronic, ST. Jude Medical, Boston Scientific, Hospira
Pain Management Devices
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Top Key Players Included in This Report: Medtronic, ST. Jude Medical, Boston Scientific, Hospira, Halyard Health, Smiths Medical, B. Braun Melsungen, Theragen, Becton, Dickinson and Company, Nevro.
The global pain management devices market is valued at an estimated USD 4.64 Billion in 2021 and is projected to grow at a CAGR of 8.5% during the forecast period.
A number of factors, such as the growing demand for long-term pain management among the geriatric population, large patient population base, adverse effects of pain medications, development of novel pain management device, established reimbursement scenario for spinal cord stimulation (SCS) devices in developed countries, and high proven efficacy of pain management device for the treatment of chronic pain are driving the growth of the global market. On the other hand, factors such as low awareness regarding the availability and use of pain management device, shortage of pain specialists, low number of pain clinics in several countries, existence of a gap in prevalence and treatment of chronic pain, and high procedural and purchase cost of pain management device are restraining the growth of the global market.
Global Pain Management Devices Market Split by Product Type and Applications:
Market Segment by Type, covers:
Transcutaneous Electrical Nerve Stimulation (TENS) Devices
Spinal Cord Stimulation (SCS) Devices
Radiofrequency Ablation Devices
Cryoablation Devices
Intrathecal Infusion Pumps
External Infusion Pumps
Segment by Applications, covers:
Neuropathic Pain
Cancer Pain
Facial Pain and Migraine
Musculoskeletal Pain
Regional Analysis For Pain Management Devices Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Major highlights of this research report:
o Estimation of Pain Management Devices Market values and volumes.
o Pain Management Devices Market analysis through industry analysis tools such as SWOT and Porter's five analysis.
o Detailed elaboration on global market value, volume, and penetration.
o Pain Management Devices Market growth projections.
o Detailed description on development policies and plans.
o Analytical study on drivers, restraints, opportunities, hindrances, inadequacies, challenges and strengths.
o In-depth analysis of the degree of competition across the globe.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Pain Management Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyse the growth of the key players operating in the market.
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