Press release
Pain Management Drugs & Devices Market Sees Significant Growth Amid Rising Chronic Pain Cases 2023 to 2030 | Abbvie Inc., Astrazeneca Depomed Inc., Djo Global Inc.
During the projected period of 2023-2030, the size of the pain management drugs & devices market is anticipated to increase from USD 74,289 million in 2023 to USD 90,465 million by 2030, at a CAGR of 4.79%. Pain management is a critical aspect of healthcare, and there are various drugs and devices available to help manage pain effectively. Some of the most commonly used pain management drugs include nonsteroidal anti-inflammatory drugs (NSAIDs), opioids, and analgesics. NSAIDs are used to reduce inflammation and pain, while opioids are stronger painkillers that can be effective for severe pain. Analgesics, on the other hand, are a broad category of drugs that can be used to manage various types of pain. In addition to drugs, there are also various pain management devices that can be used to manage pain effectively. These devices can include pain pumps, nerve stimulation devices, and transcutaneous electrical nerve stimulation (TENS) devices. Pain pumps are used to deliver medication directly to the site of pain, while nerve stimulation devices can help reduce pain by interfering with the transmission of pain signals.
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The Key companies profiled in the Pain Management Drugs & Devices Market:
The study examines the Pain Management Drugs & Devices Market's competitive landscape and includes data on Abbvie Inc., Astrazeneca Depomed Inc., Djo Global Inc., Eli Lilly & Co., Endo International, Glaxosmithkline, Hisamitsu Pharmaceutical Co. Inc., Johnson & Johnson, Medtronic Inc., Novartis International Ag, Pfizer, Purdue Pharmaceuticals Lp, Abbott & Others.
Global Pain Management Drugs & Devices Market Split by Product Type and Applications
This report segments the Pain Management Drugs & Devices Market on the basis of Types:
Pharmaceuticals
Device
On the basis of Application, the Pain Management Drugs & Devices Market is segmented into:
Burn Pain
Cancer Pain
Dental/Facial Pain
Migraine Headache Pain
Musculoskeletal Pain
Neuropathic Pain
Obstetrical Pain
Others
The need for pain management drugs & device is being driven by the rising prevalence of chronic pain illnesses like neurological disorders, cancer, and arthritis. The ageing population and increased knowledge of pain management choices are further factors driving the market's expansion.
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In terms of geography, North America is expected to hold the largest share of the market due to the presence of a large number of pharmaceutical and medical device companies, as well as a high prevalence of chronic pain conditions. However, the Asia Pacific region is expected to witness the highest growth rate due to the increasing healthcare expenditure and the growing awareness of pain management options in this region.
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Market Segmentation:
Pain Management Drugs & Devices market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The pain management drugs and devices market has a significant impact on the pharmaceutical and healthcare industry. Pain management is a growing concern for many individuals, particularly those with chronic conditions such as arthritis, back pain, and neuropathic pain. As a result, the demand for pain management drugs and devices has increased, leading to significant growth in the market. The pain management drugs and devices market is driven by a range of factors, including an ageing population, increased awareness of pain management options, and advancements in technology. In addition, the increasing prevalence of chronic conditions is also contributing to the growth of this market.The market for pain management drugs and devices is highly competitive, with a large number of players operating in the space.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Pain Management Drugs & Devices Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Pain Management Drugs & Devices Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Pain Management Drugs & Devices Market Analysis
Chapter 6 East Asia Pain Management Drugs & Devices Market Analysis
Chapter 7 Europe Pain Management Drugs & Devices Market Analysis
Chapter 8 South Asia Pain Management Drugs & Devices Market Analysis
Chapter 9 Southeast Asia Pain Management Drugs & Devices Market Analysis
Chapter 10 Middle East Pain Management Drugs & Devices Market Analysis
Chapter 11 Africa Pain Management Drugs & Devices Market Analysis
Chapter 12 Oceania Pain Management Drugs & Devices Market Analysis
Chapter 13 South America Pain Management Drugs & Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Pain Management Drugs & Devices Business
Chapter 15 Global Pain Management Drugs & Devices Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...
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