Pain Management Devices Market 2020 World Analysis and Forecast Till 2026

Feb 27, 2020: The global pain management devices Market is set to grow at an exponential CAGR by the year 2028 attributed to a growing emphasis on expanding the product portfolios.

The demand for pain management device market is majorly driven by the continuously up scaling geriatric population.

Fixed battery life, limitations in power output and its frequency levels are the major drawbacks of these devices, which is hampering the market growth.The market has recognized a trifurcation into pumps, simulators, and ablation devices based on the product type.

The Asia Pacific region has been regarded as an attractive destination for key contenders who are imploring to expand the global market space.

DJO Global in the year 2013 announced their upcoming objective of launching more than 10 pain management device distribution location, attributed to the high growth opportunities in the country.Some of the major contenders functioning in the pain management devices market include Medtronic, Inc., Boston Scientific Corporation, Baxter International, Inc., DJO Global LLC., St. Jude Medical, Inc., Kimberly-Clark Healthcare, Pain Management, Inc., and Stryker Corporation among others.

Other prominent vendors comprise Baxter Healthcare Corp. , BioMedical Life Systems, Inc., B. Braun Melsungen AG, CME Medical, Bio-Medical Research (BMR) Ltd, GF Health Products, Inc., NeuroTherm, Inc., Smiths Medical, Stryker Corp., Codman And Shurtleff, Inc., Flowonix Medical, Inc., Hospira, Inc., Omron Healthcare Co. Ltd, Sorenson Medical Products, Inc., and Zynex Medical, Inc.

A number of factors, such as the growing demand for long-term pain management among the geriatric population, large patient population base, adverse effects of pain medications, development of novel pain management devices, established reimbursement scenario for spinal cord stimulation (SCS) devices in developed countries, and high proven efficacy of pain management devices for the treatment of chronic pain are driving the growth of the global pain management devices market.

According to a new market research report "Pain Management Devices Market by Device Type (Neurostimulation, SCS, TENS, RF Ablation, Infusion Pumps), Application (Cancer, Neuropathy, Musculoskeletal, Migraine, Facial), by Mode of Purchase (OTC, Prescription-Based) - Global Forecasts to 2021", published by MarketsandMarkets, This report studies the global market over the forecast period of 2016 to 2021.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=91418163 Medtronic plc (Ireland), Boston Scientific Corporation (U.S.), and St. Jude Medical Inc. (U.S.) are the major players in the global pain management devices market.

The high growth opportunities in this regional segment can be attributed to a number of factors, including growing incidence of chronic diseases, improving healthcare infrastructure in the region, growing middle-class population and disposable income levels, and rising awareness about the safety and efficacy of pain management device.

According to the U.S. Department of Commerce, Japan has one of the largest geriatric populations in the world, with at least 20% of its population aged 65 years and above.

In 2012, 30 million people in Japan were aged above 65 years and this figure is projected to reach 39 million by 2030 and nearly 43 million by 2050.

Market Analysis and Insights:- Global Pain Management Devices MarketGlobal 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 MarketThe pain management devices market is expected to witness market growth at a rate of 8.06% in the forecast period of 2021 to 2028.

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.

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 painmanagement devices market growth.

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.

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.

TheBusinessResearchCompany published its Pain Management Devices And Therapies Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global pain management devices and therapies market.

The report covers the pain management devices and therapies market’s segments- electrical stimulators, ablation devices, neurostimulators, analgesic pumps, neuropathic pain, cancer pain, facial & migraine pain, musculoskeletal pain, trauma, transcutaneous electrical nerve stimulation (TENS) devices, neuromuscular electrical stimulation (NMES/EMS) devices, combination devices, electrotherapy devices, TNS, radiofrequency ablation devices, cryoablation devices, intrathecal infusion pumps, external infusion pumps, spinal cord stimulation (SCS) devices, deep brain stimulation devices, vagus nerve stimulation devices, and sacral nerve stimulation devices.Explore Complete Report https://www.thebusinessresearchcompany.com/report/pain-management-devices-and-therapies-global-market-reportPain Management Devices And Therapies Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

It covers all the regions, key developed countries and major emerging markets.

The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2490=smpCompanies in the pain management devices and therapies industry are focusing on the use of advanced technologies to cure chronic and acute pain without the use of any opioids (drugs).

Special pain relief wearable devices are being developed by several companies that can be controlled manually or through a smartphone.

These devices work by gathering neural pulses from the brain which triggers the release of the body's natural pain blocker.

Market Analysis and Insights:- Global Pain Management Devices MarketGlobal 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 MarketThe pain management devices market is expected to witness market growth at a rate of 8.06% in the forecast period of 2021 to 2028.

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.

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 painmanagement devices market growth.

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.

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.