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Pain Management Device Market Trends, Size, Forecast - 2018-2023

07-20-2020 02:54 PM CET | Health & Medicine

Press release from: Orion Market Research Pvt Ltd

Pain Management Device Market

Pain Management Device Market

The global pain management devices market size was estimated to USD 3,250 million in 2018 and expected to grow at a CAGR 7.1% during the forecast period. The market growth is attribute to the growing prevalence of the chronic medical conditions across the globe and increasing geriatric population worldwide. Furthermore, development of the technologically advanced pain management devices, supportive reimbursement policies and stringent government regulations to limit opioid pain killer prescriptions are also some of the major factors that are estimated to have significant impact on the growth of the market.

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Growing geriatric population and high prevalence of related issue is a major growth factor for the market. According to WHO, in the year 2015, the elderly (65+) population across the globe was estimated to be around 900 million, up from 524 million in the year 2010. It is further estimated to reach 1.5 billion by the year 2050. Aging is major factor in pain related issues specially in cases of common occurring age-related ailments. Arthritis, osteoporosis, hypertension, diabetes and obesity are some of the most common ailments in elderly.

A full report of Pain Management Device Market Is available at : https://www.omrglobal.com/industry-reports/pain-management-devices-market

However, there are certain factors that are hampering the market growth. Presence of the alternative therapies and medications for pain management, high cost of pain management devices and lack of awareness are the major constraints in the growth of the market. Apart from these restraints, increasing prevalence of the neuropathic pain and strong product pipeline for pain management devices are estimated to develop myriad growth opportunities for the growth of the market.

Global Pain Management Devices Market
segmentation

By applications
• Cancer pain
• Neuropathic pain
• Musculoskeletal pain
• Facial and migraine pain
• Trauma

By types
• Analgesic pain
• Intrathecal pain
• External pumps
• Radiofrequency ablation devices
• Electrical stimulators
• Tens
• Neurostimulators
• Spinal cord stimulators
• Sacral nerve stimulators
• Deep brain stimulators

Competitive landscape
• Market share analysis
• Key company analysis

Regional analysis

• North america
o United states
o Canada
o Rest of north america

• Europe
o United kingdom
o France
o Germany
o Italy
o Spain
o Rest of europe

• Asia pacific
o India
o China
o Japan
• Rest of the world

Company profiles
• B braun melsungen ag
• Baxter international inc.
• Becton dickinson and company
• Biomedical research ltd.
• Boston scientific corporation
• Codman and shurtleff inc.
• Djo global llc
• Halyard health inc.
• Hospira inc.
• Kimberly-clark corporation

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/pain-management-devices-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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