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Global Pain Management Devices and Therapies Market Report 2023 - Market Size, Key Drivers And Top Trends | Abbott Laboratories, AstraZeneca, Pfizer, Boston Scientific Corporation, GlaxoSmithKline PLC
Global Pain Management Devices and Therapies Market Report 2023
As per the pain management devices and therapies market report by The Business Research Company, an increase in demand for pain management devices due rise in chronic diseases is driving the growth of the pain management devices and therapies market. As reported in an article by the Brazilian Journal of Nephrology, around 60% of patients with chronic kidney disease reported pain of any kind of intensity, which required pain management drugs. Similarly, according to a report in the 'US National Library of Medicine, approximately 45% or 133 million of all Americans suffered from at least one chronic disease.
The global pain management devices and therapies market grew from $4.01 billion in 2022 to $4.38 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The pain management devices and therapies market is expected to grow from $6.1 billion in 2027 at a CAGR of 8.6%.
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Major competitors in the pain management devices and therapies market include Abbott Laboratories, AstraZeneca, Pfizer, Boston Scientific Corporation, GlaxoSmithKline PLC., Teva Pharmaceutical Industries Ltd., Medtronic PLC., Novartis AG, Baxter International Inc., and Johnson & Johnson.
The pain management devices and therapies market is segmented -
• By Type: Electrical Stimulators, Ablation Devices, Neurostimulators, Analgesic Pumps
• By Application: Neuropathic Pain, Cancer Pain, Facial & Migraine Pain, Musculoskeletal Pain, Trauma
• By Electrical Stimulation Devices: Transcutaneous Electrical Nerve Stimulation (TENS) Devices, Neuromuscular Electrical Stimulation (NMES/EMS) Devices, Combination Devices, Electrotherapy Devices, TNS
• By Ablation Devices: Radiofrequency Ablation Devices, Cryoablation Devices
• By Analgesic Infusion Pumps: Intrathecal Infusion Pumps, External Infusion Pumps
• By Neurostimulation Devices: Spinal Cord Stimulation (SCS) Devices, Deep Brain Stimulation Devices, Vagus Nerve Stimulation Devices, Sacral Nerve Stimulation Devices
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the pain management devices and therapies market.
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The pain management devices and therapies manage chronic and critical pain in patients suffering from various conditions, such as cancer and neurological disorder. These are mainly used for spinal cord stimulation, sacral nerve stimulators, and deep brain stimulation.
The Table Of Content For The Pain Management Devices and Therapies Market Include:
1. Executive Summary
2. Pain Management Devices And Therapies Market Characteristics
3. Pain Management Devices And Therapies Market Trends And Strategies
4. Pain Management Devices And Therapies Market - Macro Economic Scenario
5. Pain Management Devices And Therapies Market Size And Growth
……
26. Africa Pain Management Devices And Therapies Market
27. Pain Management Devices And Therapies Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pain Management Devices And Therapies Market
29. Pain Management Devices And Therapies Market Future Outlook and Potential Analysis
30. Appendix
The "Global Pain Management Devices And Therapies Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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