The Global Pain Management Devices Market accounted to USD 4.02 billion in 2016 growing at a CAGR of 8.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Pain Management Devices Market
Pain the stressed feeling in the body which happens due to damage in the tissues or illness in the body. Pain can be caused due to various injuries or diseases. Chronic pain lies in the body for long periods. It is managed by various drugs and devices. Pain management devices helps to reduce the long term chronic pains.
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Major market drivers and restraints:
- Development in the pain management devices.
- High efficacy of pain management devicesfor the treatment of chronic pain.
- Rise in the incidence of sports-related injuries and lifestyle-related diseases.
- Increased in the number of incidences like arthritis, cancer, trauma, and neurological diseases.
- Growth in the number of geriatric population and long term pain management demand are some of the driving factors.
- Lack of skilled physicians and fewer pain clinics.
- Unawareness about availability and use of pain management devices.
- Side-effects of pain management devices are some of the factors which restrains the market.
Market Segmentation: Pain Management Devices Market
The Global Pain Management Devices Market is segmented by type, which is further categorized in electrical stimulators, ablation devices, analgesic infusion pumps and neurostimulation. Electrical stimulators are further segmented into transcutaneous electrical nerve stimulators. Ablation devices are further sub segmented into radiofrequency ablation devices and cryoablation devices. Analgesic infusion pumps are categorized in intrathecal infusion pumps and external infusion pumps. Neurostimulation is sub segmented into spinal cord stimulators, deep brain stimulators and sacral neurostimulators.
By Applications the market is segmented into musculoskeletal pain, musculoskeletal pain, neuropathic pain, facial pain and migraine, and others. Others are further segmented into pregnancy/labor and menstrual pain, sports injuries, post-operative pain and trauma pain.
By Mode of Purchase the market is categorized in over-the-counter devices and prescription-based devices.
By End User the market is segmented in medical devices manufacturing companies and academic and research organizations.
On the basis of geography, drug delivery market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Pain Management Devices Market
The Global Pain Management Devices Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global Pain Management Devices Market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Pain Management Devices Market
Some of the major players operating in Global Pain Management Devices Market are Medtronic, Boston Scientific Corporation, Pfizer Inc., Abbott, HYH, Smiths Medical, B. Braun Melsungen AG, Theragen LLC, Nevro Corp., BD, Baxter, DJO LLC, Smiths Medical, KCWW, DePuy Synthes, Stryker, Biomedical Research, Pain Management Technologies, Savannah Pain Management & Savannah Pain Center, Astellas Pharma Europe Ltd. and Endo Pharmaceuticals Inc. amongst others
Research Methodology: Pain Management Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your inquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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