Pain Management Devices Market (2022 to 2029) – Growth, Dynamics, Segment (by Type, Application, End-user, and Region) and Forecasts

The Pain Management Devices Market was valued at US$ 6.40 Bn. in 2021. The Global Pain Management Devices Market size is estimated to grow at a CAGR of 9.6% over the forecast period.

Pain Management Devices Market Overview:

Patients with numerous types of illness conditions, including cancer, neurological disorders, and musculoskeletal problems, among others, can use pain management devices to treat both acute and chronic pain. These tools help people with these disorders live better lives by restoring their capacity to perform daily tasks, reducing their need for oral painkillers, and improving their quality of life. The report explores the Pain Management Devices market segments (Type, Application, End-user, and Region). Data has been provided by market participants, and regions, (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all Technology sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Pain Management Devices market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Pain Management Devices market’s contemporary competitive scenario. Pain Management Devices Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Pain Management Devices Market Dynamics:

An increasing amount of surgical operations: Globally, the number of surgical procedures performed has significantly increased over time. The growing elderly population, as well as the increased frequency of obesity and other lifestyle disorders, are both responsible for this. One of the main factors contributing to cardiovascular and orthopedic problems is obesity. Infusion pumps' primary field of application is analgesia/pain control. An important market driver is an aging population: End consumers on the market for pain management devices are varied. The market is most in-demand from the elderly population. The elderly population experiences more surgeries, aches, and chronic conditions. In recent years, it has increased the usage of efficient pain relief technology. In the elderly population, chronic pain is extremely common. Infusion pumps, electrical nerve stimulators, and spinal cord stimulators are being used more frequently. The after-effects of using pain relief services: Some variables, such as the negative side effects of pain management devices, lower the market's adoption rate. Compared to prescription painkillers, these devices' adverse effects are mild. On the other hand, infections and allergies are dangerous cancers. During the forecast period, it might slow down the adoption of these technologies. These elements restrict patient interest in and decline in the use of these devices. Rapid growth in emerging markets: Players in the pain management devices market have numerous prospects for growth in developing nations like China, India, and Brazil. This is primarily because of the region's diverse healthcare markets, rising rates of chronic diseases, and growing R&D efforts to create cutting-edge medical technologies. Market participants are forecast to invest in this area because of growing healthcare spending, infrastructure improvements in healthcare facilities, and the advantage of low-cost manufacturing provided by rising nations in the Asia Pacific. The first line of treatment for pain management is the use of painkillers: When treating chronic pain, doctors frequently start with medication. Pain specialists prefer to recommend drugs over gadgets to patients who are experiencing pain, mainly because they are more readily available, have strong clinical support, and are less expensive. Typically, doctors will only use painkillers like TENS or SCS after all other options have failed, including medicine.

Pain Management Devices Market Segment Analysis:

Based on Type, in 2021, the neurostimulation market had the biggest share, surpassing 56.2%. The surge can be ascribed to the rise in neurological illnesses in general. These neurostimulators are essential in the treatment of depression, Parkinson's disease, movement disorders, epilepsy, and chronic pain. Additionally, the market is expected to be driven by elements including the release of technologically sophisticated items, increasing product demand, and an aging population. pain management devices market Based on Application, with a market share of more than 32.8% in terms of sales in 2021, the neuropathic pain segment dominated. The target population is becoming more prevalent, and industry participants are taking more initiatives, which can be ascribed to the increase. 65% of Americans 65 or older experienced chronic pain in 2019. Additionally, 3 to 17 % suffer from neuropathic pain. The aforementioned elements are forecasted to fuel the segment's growth. Increasingly common genetic illnesses including Acute Lymphoblastic Leukemia (ALL) are also forecasted to fuel the market growth during the forecast period.

Pain Management Devices Market Regional Insights:

The North American region held the largest market share accounting for 45% in 2021. North America has been a pioneer in the development of pain management technologies and services in the healthcare sector. The market for pain management devices in the United States is forecasted to grow in the future years as a result of the growing integration of pain management devices in ambulatory care facilities. Because of the existence of several of the biggest pain management device manufacturers in the world, the United States has developed into a center for innovation in the market for pain management devices. Developed European nations including Germany, the United Kingdom, and France are forecast to propel the market's growth. A significant factor in the market's growth in Europe is forecast to be the rising use of technologically advanced devices along with the rising popularity of pain management devices because of their improved treatment outcomes. pain management devices market The objective of the report is to present a comprehensive analysis of the global Pain Management Devices Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Pain Management Devices Market dynamic, and structure by analyzing the market segments and projecting the Pain Management Devices Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Pain Management Devices Market make the report investor’s guide.

Pain Management Devices Market Competitive Landscape:

To increase their market penetration, market participants are continually engaged in strategic efforts such as technology innovation, partnerships, geographical growth, and mergers and acquisitions. The following are a few of the well-known leading companies in the market for pain management devices, B. Braun Melsungen AG, Codman and Shurtleff, Inc., Stryker Corporation, Baxter International, Inc., DJO Global LLC., Boston Scientific Corporation, Medtronic, Inc., Hospira Inc.

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Global Pain Management Devices Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 6.40 Bn.
Forecast Period 2022 to 2029 CAGR: 9.6% Market Size in 2029: US $ 13.32 Bn.
Segments Covered: by Type • Neurostimulation • Electrical Stimulators • Radiofrequency Ablation (RFA) • Analgesic Infusion Pumps
by Application • Cancer • Neuropathic Pain • Facial & Migraine • Musculoskeletal Disorder • Trauma • Others
by End-user • Physiotherapy Centers • Hospitals and Clinics • Others

Pain Management Devices Market by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Pain Management Devices Market Key Players:

B. Braun Melsungen AG • Codman and Shurtleff, Inc. • Stryker Corporation • Baxter International, Inc. • DJO Global LLC. • Boston Scientific Corporation • Medtronic, Inc. • Hospira Inc. • Smith Medical • Kimberly-Clark Corporation • St. Jude Medical, Inc. • Colfax Corp. • Nevro Corp. • Abbott • Stimwave LLC • Omron Healthcare, Inc. Frequently Asked Questions: 1] What segments are covered in the Global Pain Management Devices Market report? Ans. The segments covered in the Pain Management Devices Market report are based on Type, Application, and End-user. 2] Which region is expected to hold the highest share in the Global Pain Management Devices Market? Ans. North America is expected to hold the highest share in the Pain Management Devices Market. 3] What is the market size of the Global Pain Management Devices Market by 2029? Ans. The market size of the Pain Management Devices Market by 2029 is expected to reach USD 13.32 Billion. 4] What is the forecast period for the Global Pain Management Devices Market? Ans. The forecast period for the Pain Management Devices Market is 2022-2029. 5] What was the market size of the Global Pain Management Devices Market in 2021? Ans. The market size of the Pain Management Devices Market in 2021 was valued at USD 6.40 Billion.
1. Global Pain Management Devices Market Size: Research Methodology 2. Global Pain Management Devices Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Pain Management Devices Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Pain Management Devices Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 4. Global Pain Management Devices Market Size Segmentation 4.1. Global Pain Management Devices Market Size, by Type (2022-2029) • Neurostimulation • Electrical Stimulators • Radiofrequency Ablation (RFA) • Analgesic Infusion Pumps 4.2. Global Pain Management Devices Market Size, by Application (2022-2029) • Cancer • Neuropathic Pain • Facial & Migraine • Musculoskeletal Disorder • Trauma • Others 4.3. Global Pain Management Devices Market Size, by End-user (2022-2029) • Physiotherapy Centers • Hospitals and Clinics • Others 5. North America Pain Management Devices Market (2022-2029) 5.1. North America Pain Management Devices Market Size, by Type (2022-2029) • Neurostimulation • Electrical Stimulators • Radiofrequency Ablation (RFA) • Analgesic Infusion Pumps 5.2. North America Pain Management Devices Market Size, by Application (2022-2029) • Cancer • Neuropathic Pain • Facial & Migraine • Musculoskeletal Disorder • Trauma • Others 5.3. North America Pain Management Devices Market Size, by End-user (2022-2029) • Physiotherapy Centers • Hospitals and Clinics • Others 5.4. North America Pain Management Devices Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Pain Management Devices Market (2022-2029) 6.1. European Pain Management Devices Market, by Cancer Type (2022-2029) 6.2. European Pain Management Devices Market, by Application (2022-2029) 6.3. European Pain Management Devices Market, by End-user (2022-2029) 6.4. European Pain Management Devices Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Pain Management Devices Market (2022-2029) 7.1. Asia Pacific Pain Management Devices Market, by Type (2022-2029) 7.2. Asia Pacific Pain Management Devices Market, by Application (2022-2029) 7.3. Asia Pacific Pain Management Devices Market, by End-user (2022-2029) 7.4. Asia Pacific Pain Management Devices Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Pain Management Devices Market (2022-2029) 8.1. Middle East and Africa Pain Management Devices Market, by Type (2022-2029) 8.2. Middle East and Africa Pain Management Devices Market, by Application (2022-2029) 8.3. Middle East and Africa Pain Management Devices Market, by End-user (2022-2029) 8.4. Middle East and Africa Pain Management Devices Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Pain Management Devices Market (2022-2029) 9.1. South America Pain Management Devices Market, by Type (2022-2029) 9.2. South America Pain Management Devices Market, by Application (2022-2029) 9.3. South America Pain Management Devices Market, by End-user (2022-2029) 9.4. South America Pain Management Devices Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. B. Braun Melsungen AG 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Codman and Shurtleff, Inc. 10.3. Stryker Corporation 10.4. Baxter International, Inc. 10.5. DJO Global LLC. 10.6. Boston Scientific Corporation 10.7. Medtronic, Inc. 10.8. Hospira Inc. 10.9. Smith Medical 10.10. Kimberly-Clark Corporation 10.11. St. Jude Medical, Inc. 10.12. Colfax Corp. 10.13. Nevro Corp. 10.14. Abbott 10.15. Stimwave LLC 10.16. Omron Healthcare, IncNovartis AG

About This Report

Report ID 31372
Category Medical Devices
Published Date July 2022
Updated Date
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