Press release
Pain Management Devices Market: Asia Pacific to Emerge as Regional Market with Most Promising Growth Opportunities
The dynamic nature of the global market for pain management devices has set in motion strong competition between players. The top three participants, namely Medtronic Plc, St. Jude Medical Inc., and Boston Scientific Corp. collectively accounted for more than 72% of the overall market in 2014, reports Transparency Market Research (TMR) in a new study.These companies boast of superior distribution channels and ample supply capabilities that ensure easy availability of their products, validating their lead in this market. However, a large number of medical device manufacturers are looking to venture into the pain management sector, which is projected to intensify the competition and change the current dynamics in the coming years.
Obtain Report Details @ http://www.transparencymarketresearch.com/pain-management-drugs-devices.html
Growing Prevalence of Chronic Medical Conditions Boosts Demand for Pain Management Devices
The growing prevalence of chronic medical conditions, such as diabetes, cancer, obesity, osteo and rheumatoid arthritis, and spinal problems, have increased the incidence of chronic pain in individuals. Various studies suggest more than 20% of the adult population suffers from chronic pain and nearly 10% of the global population gets diagnosed with chronic pain every year.
Around half of the cancer patients, globally, experience severe pain at the time of diagnosis and almost 75% complain of a gradual increase in pain as the disease progresses. Chronic pain has also been experienced after the occurrence of the primary disease in nearly 70% of patients suffering from spinal cord injuries, 28% of multiple sclerosis patients, and 8% of stroke patients. These factors result in a rising need for pain management and, thereby, pain management devices across the world.
The global geriatric population, which requires continuous medical intervention and care, represents a significant portion of patients with chronic illnesses. The increase in this population is also fueling the demand for pain management devices worldwide considerably. However, the increasing concerns regarding the risk associated with the implantation of pain management devices are holding people back from adopting them, limiting their growth to some extent.
Moving forward, the unmet medical needs, together with the escalating disposable income of people in emerging economies, are likely to provide lucrative opportunities to pain management device manufacturers in the coming years.
For more information on this report, fill the form @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1143
Demand for Pain Management Devices to Register Rapid Rise in Asia Pacific
According to TMR, the global opportunity in pain management devices is projected to register a healthy rise from US$3.2 bn in 2014 to US$6.3 bn by 2023, expanding at a CAGR of 7.60% during the period from 2015 to 2023. Currently, neurostimulation devices have emerged as the most demanded pain management devices across the world.
North America led the demand for pain management devices in 2014 with a share of nearly 50%. Europe closely followed North America with a share of around 22%. Asia Pacific, however, is expected to report the fastest growth at a CAGR of 10.0% over the forecast period. These pain management devices have found maximum application in neuropathic pain and musculoskeletal pain.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Pain Management Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact Us
Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pain Management Devices Market: Asia Pacific to Emerge as Regional Market with Most Promising Growth Opportunities here
News-ID: 490326 • Views: …
More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Pain
Enhanced Pain Relief Solutions at Advanced Pain Care
Image: https://www.globalnewslines.com/uploads/2025/03/3f3b6259bfdec02e5dcb7b9d0c838855.jpg
Advanced Pain Care is helping people who suffer from chronic pain with sophisticated, evidence-based treatments. The clinic is particularly focused on non-surgical care that improves the quality of life. With a team of highly qualified pain experts, they work with patients who have back pain, joint pain, and nerve pain.
Personalized Treatment for Every Pain Disorder
Advanced Pain Care offers treatments depending on the cause of pain. Anyone experiencing arthritis, migraine,…
Pain Finisher | Advanced Pain Relief Device
Pain Finisher is an instant pain relief device that is effective on all pains including back pain and knee pain. It is based on the TENS theory of pain management which is easy to use and safe.
By using Pain Finisher, a modern drug-free and non-invasive pain-relieving treatment method, one can get rid of the common pain creams, gels, and risky treatment methods.
So, have a pain-free life with easy-to-use pain relief…
Neuropathic Pain Market: Innovative Therapies Reshaping Chronic Pain Management
In recent years, the global Neuropathic Pain Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Neuropathic Pain Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including…
Visceral Pain Market Analysis 2024: Addressing Pain Management Challenges
The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.
The Business Research Company presents an extensive market research report on the Visceral Pain Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities,…
Global Post-Operative Pain Management Market: Pain Relief Goes Worldwide
Introduction:
The Global Post-Operative Pain Management Market is growing at a rapid pace. This market involves the management of pain after surgical procedures. The market has witnessed significant growth in recent years, owing to the increasing number of surgeries and the rising prevalence of chronic diseases. Pain management is an essential aspect of healthcare, as uncontrolled pain can lead to prolonged hospital stays, delayed recovery, and poor patient outcomes.
In this article,…
Post-Operative Pain Management Market By Type, By Application(Cancer Pain, Arthr …
Global Post-Operative Pain Management Market- Description
Post-operative pain management is predominantly referred to as the use of a wide array of therapies or drugs to reduce muscle and tissue spasm in patients who have recently undergone a surgical procedure. It is evident that all type of surgeries, be it major or minor cause postoperative pain in patients which in turn increases their hospital stays while burdening them with psychological and physical…