Pain Management Devices Market – Overview
The Pain Management Devices Market Size can anticipate
expansion at a rate of 7.1% from 2023 to 2032, believes MRFR (Market Research
Future). MRFR further expects the market share to touch USD 83.51 billion by
2032.
Progress in technology and better research capabilities have
led to the development of devices that can control pain with limited use of
drugs. Focused Market reports connected to the healthcare sector among others
lately have been made available by Market Research Future which publishes a
report on this sector.
The development of pain management devices has been useful
to control pain in a wide range of ailments. The level of relief from pain that
is experienced, is one of the major driving factors for the industry, as
patients who use such devices are prone to chronic pain daily. Cancer patients
and the geriatric population are among the major user segments for the pain
management devices as medication alone may not be sufficient to provide pain
relief in their situation. The industry is anticipated to demonstrate a good
growth rate through the forecast period.
Key Players:
Pain Management, Inc (US),
Baxter International Inc. (US),
Medtronic Plc (US),
St. Jude Medical (US),
Boston Scientific Corporation (US),
Codman and Shurtleff, Inc. (US),
Stryker Corporation (US),
Bio-Medical Research (BMR) Ltd. (UK),
Hospira Inc. (US),
Kimberly-Clark Corporation (US),
Smiths Medical (UK),
DJO Global LLC (US) and
B. Braun Melsungen AG. (Germany)
are a few of the key Pain
Management Devices Market Players.
Industry Segments
The industry for Pain Management Devices Market is
segmented into the segments of type and application.
·
On basis of type, the market segment
comprises of stimulators, ablation devices and pumps. The ablation devices are
moreover divided into microwave devices and cryoablation devices among others.
The stimulators are sub segmented into neuromodulator devices and transcutaneous
electrical nerve stimulation devices. The neuromodulator devices are
additionally sub segmented into intrathecal pain pump, spinal cord stimulator,
dorsal root ganglion stimulation and peripheral nerve stimulator among others.
The pumps are additionally sub divided into analgesic infusion pumps and
others. The analgesic infusion pumps are also segmented into patient control
infusion pumps, external infusion pumps, intrathecal infusion pumps among
others. Lastly,
·
based on application, the segments
comprise of migraine,
musculoskeletal pain, cancer pain, and others.
Global Competitive Analysis
Competitors who are a part of the industry have devised
their corporate strategy blueprint in a way that that can bring the best
outcomes for development in the current scenario, while also simultaneously
delivering customer value unfailingly. The ability to sustain their competitive
edge is one of the main causes fuelling their efforts in this period. The scope
for development in the industry appears to be promising through the forecast
period. The rising interest for diversification in the industry, has indirectly
allowed the players to utilize many prospects available in the industry. This
scenario has created opportunities for portfolio improvements along with
diversification in the sector, which has improved the scenario for market
competitors tremendously in this industry. The organizations in this industry
are also trying to enhance and maintain financial liquidity that can be crucial
to invest in growth opportunities as and when they become available.
Detailed Regional Analysis
The regional analysis for the Pain
Management Devices Market Insights Report covers regions such as Europe,
North America, Asia Pacific, and rest of the world. The North American region
is the chief region for devices that control pain management followed by the
European region. The expansion of the industry is supported by huge investments
and development in research along with new product development. The degree of
development and research in neurostimulation based pain management devices has
secured the expansion of the sector. The Asia pacific region is a quickly
growing region for the pain management devices. Owing to a huge population
base, the expansion in infrastructure and rising occurrence of many diseases in
the region has created a better impetus for the expansion of the industry.
About US:
Market
Research Future (MRFR) enable customers to unravel the complexity of various
industries through Cooked Research Report (CRR), Half-Cooked Research Reports
(HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market
Research & Consulting Services.
Contact us:
Market
Research Future (part of Wantstats Research and Media Private Limited),
99
Hudson Street,5Th Floor, New York,
New York
10013
No comments:
Post a Comment