Pain Management Devices Market is Projected to Reach USD 7.89 Billion by 2030: Cognitive Market Research

Market Overview:
Pain management devices are medical devices that are designed to alleviate pain, both acute and chronic, without the use of drugs or surgery. In order to activate nerves or reduce inflammation, these devices work by delivering various forms of energy to the body, such as electrical impulses, heat, cold, or magnetic fields. For effectively relieving pain, pain management devices can be used alone or in conjunction with other treatments like physical therapy or medicine. However, it's important to consult with a healthcare provider before using any pain management device to ensure proper use and to rule out any underlying medical conditions. Some common pain management devices include TENS, Heat therapy devices, cold therapy devices, ultrasound therapy devices, and others.

Summary:
As per the study of CMR, the Global Pain Management Devices market was valued at USD 5.43 Billion in 2022 and will reach USD 7.89 Billion by 2030 and is expected to grow at a CAGR of 6.3% during the forecast period (2023-2030).

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Market Dynamics:
What are the driving factors for the Pain Management Devices market?
The main drivers driving the global market for pain management devices are the rising prevalence of lifestyle conditions including obesity and diabetes, the rise in the geriatric population, and the rising incidence of trauma or hypertension. The demand for muscle and nerve stimulators is rising as a result of changing lifestyles and eating habits that encourage obesity and other health issues. Additionally, the prevalence of musculoskeletal conditions such as arthritis, osteoarthritis, orthopedic degenerative illnesses, and rheumatoid arthritis is rising sharply. This has increased the prevalence of chronic pain and the inability to do daily duties in these people. 15 million adults in the United States reported having severe arthritis-related joint pain in 2015, according to the U.S. Department of Health & Human Services.
Additionally, increasing research and development spending can potentially lead to the creation of novel and more efficient pain treatment devices. However, the usage of painkillers for pain management and postoperative infections brought on by the use of these devices can restrict their adoption, which hinders the market's expansion.

Pain Management Devices Market Segmentation:
Product:
• Infusion Pumps
• Neuromodulation & neurostimulation devices
• Ablation devices
Neuromodulation and neurostimulation devices are dominating the market. The surge can be ascribed to the rise in neurological illnesses in general. These neurostimulators are essential in the treatment of depression, Parkinson's disease, movement disorders, epilepsy, and chronic pain. Additionally, the market is expected to be driven by elements including the release of technologically sophisticated items, increasing product demand, and an aging population.

Application:
• Cancer pain
• Neuropathic pain
• Facial & migraine pain
• Musculoskeletal pain
• Other
Due to the increasing prevalence of the target population and expanding activities by the industry participants, the neuropathic pain segment led the market. The U.S. Centers for Disease Control and Prevention estimate that 65% of Americans 65 years of age or older experienced chronic pain in 2019.

Mode of Purchase:
• Over-the-Counter
• Prescription

Competitive Analysis of the Pain Management Devices Market: Medtronic, St. Jude Medical, Smiths Medical, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Bio-Medical Research BMR Ltd., Nevro Corp., Codman & Shurtleff Inc., Halyard Health, Hospira Pfizer, Neurotech, Becton Dickinson and Company

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Regional Analysis:
Due to significant investments in healthcare R&D and the growing use of pain management devices in ambulatory care facilities, North America now maintains the biggest market share. Additionally, the market's expansion is being fuelled by the substantial presence of key industry players in this area. Additionally, it is anticipated that factors such as increased per capita income, a rise in the demand for drug-free treatments, and an increase in the prevalence of chronic pain problems will create significant potential prospects for the North American market.

Pain Management Devices Market Industry News:
Abbott announced that it would launch the Neurosphere Mypath digital health app designed to track and report pain relief in chronic pain patients with physicians prior to device implant (January 2021)
Abbott announced the upcoming launch of NeuroSphere myPath, a digital health app designed to track and report on patient-perceived pain relief and general well-being associated with spinal cord stimulation (SCS) or dorsal root ganglion (DRG) therapy.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Pain Management Devices Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Pain Management Devices Market Segmentation
1.5.1 Pain Management Devices Market Regional Fragmentation
1.5.1 Pain Management Devices Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Pain Management Devices Market
• 3.1 Global Pain Management Devices Market Size 2018 - 2030, (USD Million)
• 3.2 Global Pain Management Devices Value, Absolute & Opportunity Analysis
• 3.3 Global Pain Management Devices Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Pain Management Devices Market Statistics 2022: Snapshot
Chapter 4 Global Pain Management Devices Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Pain Management Devices Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Pain Management Devices Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Pain Management Devices Market by Mode of Purchase Segmentation Analysis (2018-2030)
Chapter 12 Global Pain Management Devices Market Regional Analysis
Chapter 13 North America Pain Management Devices Market Outlook (2018 - 2030)
Chapter 14 Europe Pain Management Devices Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Pain Management Devices Market Outlook (2018 - 2030)
Chapter 16 Latin America Pain Management Devices Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Pain Management Devices Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about The Pain Management Devices Market TOC click here: https://www.cognitivemarketresearch.com/pain-management-devices-market-report#table_of_contents

Related Report:
• Neuropathic Pain Management Market- https://www.cognitivemarketresearch.com/neuropathic-pain-management-market-report
• Gynecological Device Market- https://www.cognitivemarketresearch.com/gynecological-device-market-report
• Pain Management Drugs Market- https://www.cognitivemarketresearch.com/pain-management-drugs-market-report
• Acute Pain Management Service Market- https://www.cognitivemarketresearch.com/acute-pain-management-service-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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