Press release
Pain management devices Market 2017: Key Players – Baxter International Inc., Boston Scientific Corporation, Medtronic Plc., St. Jude Medical, Bio-Medical Research (BMR) Ltd. and More
Global pain management devices market research report, type (stimulators, transcutaneous electrical nerve stimulation devices, pumps, ablation devices), application (cancer pain, musculoskeletal pain, migraine and other) - Forecast Till 2023
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Market Scenario:
Pain Management is the branch of medical science that deals with the minimizing the pain of the patients. Pain management devices market is driven by increasing number of the patient suffering from different diseases. Increasing aging population and increasing the government efforts in increasing the pain rehabilitation centers has increasing the market. Beside this increasing prevalence of many acute and chronic diseases has also led to increase the market of the pain management devices. On other hand side effects of pain management devices and high cost are the major restraining factors for the growth of the market.
Global pain management device market was $3.58 billion in 2016 which is expected to grow at a CAGR of 7.2 % and reach till $5.81 billion by 2023.
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Segmentation
Global pain management devices market is segmented
On basis type into stimulators, pumps, and ablation devices. Stimulators are sub segmented into neuromodulator devices and transcutaneous electrical nerve stimulation (TENS) devices. Neuromodulator devices are further sub segmented into spinal cord stimulator, intrathecal pain pump, peripheral nerve stimulator, dorsal root ganglion stimulation.
Ablation devices is further segmented into microwave devices, cryoablation devices .
Pumps are sub segmented as analgesic infusion pumps and other.
Analgesic infusion pumps is further segmented into patient control infusion pumps, external infusion pumps, intrathecal infusion pumps.
On basis of application they are segmented as cancer pain, musculoskeletal pain, migraine.
Key Players for Global Pain Management Devices Market
Baxter International Inc. (US)
Boston Scientific Corporation (US)
Medtronic Plc (US)
Jude Medical (US)
Bio-Medical Research (BMR) Ltd. (UK)
Codman and Shurtleff, Inc. (US)
Stryker Corporation (US), Hospira Inc. (US)
Smiths Medical (UK)
Kimberly-Clark Corporation (US)
DJO Global LLC (US)
Braun Melsungen AG. (Germany)
Pain Management, Inc (US).
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Regional Analysis
Geographically, North America accounts the largest market for pain management devices followed by Europe. The growth of the market is basically supported by a huge investment and development in research and development. Lot of development and research in neurostimulation based pain management devices has supported the growth. Asia pacific is the fastest market for the pain management devices. Due to a huge population base, development in infrastructure and increasing prevalence of many diseases in this region has provided fuel for the growth of the market.
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