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Market Analysis and Insights:- Global Pain Management Devices Market
Global Pain Management Devices Market, By Type (Electrical Stimulators, Ablation Devices, Analgesic Infusion Pumps, Neurostimulation), Applications (Musculoskeletal Pain, Facial Pain and Migraine, Others), Mode of Purchase (Over-the-Counter (OTC) Devices, Prescription-Based Devices), End User (Medical Devices Manufacturing Companies and Academic and Research Organizations), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Pain Management Devices Market
The pain management devices market is expected to witness market growth at a rate of 8.06% in the forecast period of 2021 to 2028. Data Bridge Market Research report on pain management devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing number of patients suffering from chronic pain is escalating the growth of pain management devices market.
Pain management refers to the branch of medical science that assists in easing the suffering of the patients who have chronic pain. Acute pain is known to have has sudden onset of action while chronic pain could persist for a longer duration which leads the need for pain management. Pain management devices refer to medical devices that are extensively utilized for managing various forms of pain such as neuropathic pain, cancer pain, nociceptive pain and musculoskeletal pain among others. The most commonly seen pain management devices in the market are electrical nerve stimulation devices, analgesic infusion pumps and ablation devices.
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The increasing incidences of chronic diseases such as cancer, diabetic neuropathy and osteoarthritis act as one of the major factors driving the growth of pain management devices market. The rise in number of surgical procedure and growth in rate of geriatric population as aged people are more prone to suffer from joint pain and other chronic conditions accelerate the pain
management devices market growth. High proven efficacy of pain management devices for the treatment of chronic pain and rise in awareness about availability of devices for pain management, increasing the demand further influences the pain management devices market. Additionally, growth in population, established reimbursement scenario for spinal cord stimulation (SCS) devices in developed countries, rise in healthcare expenditure, research and development activities, development of novel pain management devices and surge in healthcare expenditure positively affect the pain management devices market. Furthermore, expansion of base of pain management clinics/centers globally, stringent regulations to limit opioid pain killer prescriptions and strong product pipeline for pain management devices extend profitable opportunities to the pain management devices market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the devices and procedure, existence of a gap in prevalence and treatment of pain and low awareness regarding the availability and use of pain management devices are the factors expected to obstruct the pain management devices market growth. Availability of alternative therapies for pain management and stringent regulatory guidelines delaying the adoption of novel devices are projected to challenge the pain management devices market in the forecast period of 2021-2028.
This pain management devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pain management devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pain Management Devices Market Scope and Market Size
The pain management devices market is segmented on the basis of type, application, mode of purchase and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
• On the basis of type, the pain management devices market is segmented into electrical stimulators, ablation devices, analgesic infusion pumps and neurostimulation. Neuromodulation devices are further segmented into transcutaneous electrical nerve stimulation (TENS) devices and spinal cord stimulation (SCS) Devices. Ablation devices are further segmented into radiofrequency ablation devices and cryoablation devices. Analgesic infusion pumps are further segmented into intrathecal infusion pumps and external infusion pumps.
• On the basis of application, the pain management devices market is segmented into musculoskeletal pain, facial pain and migraine and others. Others are further segmented into pregnancy/labor and menstrual pain and trauma pain.
• On the basis of mode of purchase, the pain management devices market is segmented into over-the-counter (OTC) devices and prescription-based devices.
• On the basis of end user, the pain management devices market is segmented into medical devices manufacturing companies and academic and research organizations.
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Global Pain Management Devices Market Country Level Analysis
The pain management devices market is analyzed and market size insights and trends are provided by country, type, application, mode of purchase and end user as referenced above.
The countries covered in the pain management devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the pain management devices market due to the easy access to advanced pain management devices, favorable healthcare infrastructure, a well-planned reimbursement scenario and the presence of key players in the region. Asia-Pacific is expected to witness the highest growth rate during the forecast period of 2021 to 2028 because of the presence of several trade agreements, increase in research and development investment and high import and export activities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The Global pain management devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pain management devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pain management devices market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Pain Management Devices Market Share Analysis
The pain management devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pain management devices market.
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The major players covered in the pain management devices market report are Baxter, Boston Scientific Corporation, Medtronic, St. Jude Medical, Bio-Medical Research, Codman and Shurtleff, Inc., Stryker, Hospira Inc., Smiths Medical, Kimberly-Clark Corporation, DJO Global, B. Braun Melsungen AG, Pain Management, Inc., Theragen Inc., BD, Smiths Group plc, DePuy Synthes, Astellas Pharma Europe Ltd., Endo Pharmaceuticals Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Pain Management Devices Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
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