Press release
Pain management devices Market Everywhere Leading To Rise in Demand Till 2023
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 and other. Ablation devices is further segmented into microwave devices, cryoablation devices and others. 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 and other. On basis of application they are segmented as cancer pain, musculoskeletal pain, migraine, and others.
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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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).
The report for global pain management devices market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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