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Pain Management Devices Market 2020 Growth Analysis and Leading Players Boston Scientific Corporation (US), Medtronic (US), St. Jude Medical (US), Bio-Medical Research (UK), Codman and Shurtleff, Inc. (US), Stryker (US)
Pain Management Devices Market
Pain Management Devices Market is expected to rise gradually to an estimated value of USD 9.05 billion by 2026, registering a CAGR of 8.5% in the forecast period of 2019-2026 with the annual sales of USD 4.71 billion in 2018. This rise in market value can be attributed to the increasing awareness and concerns regarding the pain management in people.
The Global Pain Management Devices Market research report covers the different topics of the market that offers a brief and logical explanation of the market. The report has been constructed in such way that all the vital factors of the market are focused. It includes various estimates related to the market such as the financial details, CAGR gross margin, market size, production, Price and other significant factors. The Industry report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies and Competition.
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Few of the major competitors currently working in the pain management devices market are Baxter. (US), Boston Scientific Corporation (US), Medtronic (US), St. Jude Medical (US), Bio-Medical Research (UK), Codman and Shurtleff, Inc. (US), Stryker (US), Hospira Inc. (US), Smiths Medical (UK), Kimberly-Clark Corporation (US), DJO Global (US), B. Braun Melsungen AG. (Germany) Pain Management, Inc (US), Theragen Inc. (US), BD (US), Baxter (US), Smiths Group plc. (US), DePuy Synthes (US), Astellas Pharma Europe Ltd. (UK), Endo Pharmaceuticals Inc. (Ireland) and few among others.
Market Definition:
Pain the stressed feeling in the body which happens due to damage in the tissues or illness in the body. Pain can be caused due to various injuries or diseases. Chronic pain lies in the body for long periods. It is managed by various drugs and devices. Pain management devices helps to reduce the long term chronic pains.
According to World Health Organization, there were an estimated 5 billion people, almost more than half of these cases could have been avoided with the availability of proper medical equipment and devices for healthcare procedures. This significant number is expected to act as a driver to the market growth.
Market Drivers
Development in the pain management devices.
High efficacy of pain management devices for the treatment of chronic pain.
Rise in the incidence of sports-related injuries and lifestyle-related diseases.
Increased in the number of incidences like arthritis, cancer, trauma, and neurological diseases.
Growth in the number of geriatric population and long term pain management demand are some of the driving factors.
Market Restraints
Lack of skilled physicians and fewer pain clinics is going to restrain the growth of this market.
Unawareness about availability and use of pain management devices.
Side-effects of pain management devices are some of the factors which restrain the market.
Table of Contents:
Introduction
Market Segmentation
Market Overview
Executive Summary
Premium Insights
Global, By Component
Product Type
Delivery
Industry Type
Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
Company Landscape
Company Profiles
Related Reports
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Segmentation: Global Pain Management Devices Market
By Type
Electrical stimulators
Transcutaneous Electrical Nerve Stimulators
Ablation Devices
Radiofrequency Ablation Devices
Cryoablation Devices
Analgesic infusion pumps
Intrathecal infusion pumps
External infusion pumps
Neurostimulation
Spinal cord stimulators
Deep brain stimulators
Sacral neurostimulators
By Application
Musculoskeletal Pain
Neuropathic Pain
Facial Pain
Migraine
Others
Pregnancy/Labor and Menstrual Pain
Sports Injuries
Post-operative Pain
Trauma Pain
By Mode of Purchase
Over-the-Counter (OTC) devices
Prescription-Based Devices
End User
Medical devices manufacturing companies
Academic and research organizations
By Geography
North America
US.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa
Key Developments in the Market:
On 23rd April 2019, Avanos medical for an innovative medical device, ON-Q* with bolus pump got the approval by FDA. This pain management device continuously releases the local anesthetic on the surgical site leaving no room for opioid analgesics for drug dependency. This innovation can take the company to the greater heights.
On 18th August 2015, Theragen LLC, announced the acquisition of Neurotech North America, a pain management device manufacturing company. The acquisition includes the commercial rights for the rest of the world excluding Switzerland, Austria and Switzerland. This acquisition will help the company to generate revenue.
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