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
- 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 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
