San Francisco, 04 March,
Pain Management Devices Market Size & Forecast By Type (Electrical
Stimulators, Radiofrequency Ablation, Analgesic Pumps, Neurostimulation
Devices), By Application (Cancer, Neuropathic, Facial Pain & Migraine,
Musculoskeletal, Trauma) And Trend Analysis From 2012 To 2022.
Global pain management devices market is expected to reach USD 8.6 billion
by 2022, according to a new study by Grand View Research, Inc. The rising
prevalence of diabetes coupled with an increase in the geriatric population
base worldwide is the major factor attributing towards the significant growth
of the market. Furthermore, the growing preference for these devices over oral
drugs and surgical interventions is a high impact rendering driver for the
market’s growth over the coming seven years.
The pain management devices
industry is also expected to show exuberant growth as a consequence of the
technological advancements happening in this field. The advancements include
the advent of products such as electrode-based wearable automatic
transcutaneous electrical nerve stimulator devices, which provide peripheral
pain management in a 60-minute run cycle.
Access Full Research
Report On Pain Management Devices Market Analysis:
Further key findings from the study suggest:
·
The neurostimulation devices
market had a revenue share of over 48.9% in 2014. The major factors attributing
towards the dominance of this segment can be attributed to the extensive usage
of neurostimulation devices in chronic pain management. These devices are
preferred over the available traditional technologies owing to their higher efficiency
in terms of providing relief for a longer duration.
·
Radiofrequency ablation device
market is expected to grow at a lucrative CAGR of over 14% in the coming years.
Rising usage of these devices to cure cancer patients is the major factor
contributing towards their high growth. Furthermore, the long-term relief
provided from the cancer pain through the use of these devices is also a high
impact rendering driver for this segment
·
These devices are also analyzed
on the basis of their applications in cancer pain, neuropathy pain, facial pain
& migraine, musculoskeletal diseases, and trauma pain
·
Regionally, the North American
pain management devices held around half of the global revenue share owing to
the rising number of people affiliated with pain requiring management devices.
Sophisticated healthcare infrastructure, rising adoption of pain management
equipment by healthcare professionals and patients over conventional treatment
therapies are further anticipated to accentuate the industry’s growth in this region
·
Asia Pacific region is expected
to grow at a lucrative rate during the forecast period, due to increasing
demand for these devices as a consequence of rising need to curb cancer and
diabetes related chronic pain in a cost effective manner. Furthermore, the
rapidly improving healthcare infrastructure in countries such as India and
Japan also contributed towards market growth in this region
·
The key players operating in
the pain management devices industry include B Braun Melsungen AG., Baxter
International, Inc., Boston Scientific Corporation, Codman and Shurtleff, DJO
Global LLC, Pfizer, Medtronic Plc, Smiths Medical, St. Jude Medical, and
Stryker Corporation. These companies are involved in launching novel devices to
fill in the vacuum created by the deteriorating demand for oral drugs for pain
management.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the pain
management devices market on the basis of products and region:
Global Pain Management Devices
Market By Type Outlook
·
Electrical stimulators
o
TENS
o
Others
·
Radiofrequency ablation
·
Analgesic infusion pumps
o
Intrathecal infusion pumps
o
External infusion pumps
·
Neurostimulation
o
Spinal cord stimulators
o
Deep brain stimulators
o
Sacral neurostimulators
Global Pain Management Devices
Market By Application
·
Electrical stimulators
o
Cancer
o
Neuropathic pain
o
Facial &migraine
o
Musculoskeletal disorders
o
Trauma
·
Radiofrequency ablation
o
Cancer
o
Neuropathic Pain
o
Musculoskeletal disorders
·
Analgesic infusion pumps
o
Cancer
o
Neuropathic pain
o
Musculoskeletal disorders
o
Trauma
·
Neurostimulation
o
Cancer
o
Neuropathic pain
o
Facial &migraine
o
Musculoskeletal disorders
Global Pain Management
Devices Market By Region
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-pain-management-devices-market
https://www.grandviewresearch.com/press-release/global-pain-management-devices-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
No comments:
Post a Comment