Pain Management Devices Market - PowerPoint PPT Presentation

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Pain Management Devices Market

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The global pain management market was valued at US$ 3,691.2 million in 2020 and is expected to reach US$ 5,786.9 billion by 2028; growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2021 – 2028. Pain Management refers to the branch of medicine care which helps in reducing the pain by prevention, diagnosis and treatment of pain. Pain management devices are referred as the medical devices which are used for pain management such as cancer pain, neuropathic pain, musculoskeletal pain, nociceptive pain and others. Neurostimulation, infusion pumps and electric stimulation are the widely prescribed devices by physicians to eliminate chronic pain. – PowerPoint PPT presentation

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Title: Pain Management Devices Market

1
Pain Management Devices Market
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Pain Management Devices Market Global Scenario,
Market Size, Outlook, Trend, and Forecast, 2019
2028

The global pain management market was valued at
US 3,691.2 million in 2020 and is expected to
reach US 5,786.9 billion by 2028 growing at a
compound annual growth rate (CAGR) of 6.2 during
the forecast period from 2021 2028. Pain
Management refers to the branch of medicine care
which helps in reducing the pain by prevention,
diagnosis and treatment of pain. Pain management
devices are referred as the medical devices which
are used for pain management such as cancer pain,
neuropathic pain, musculoskeletal pain,
nociceptive pain and others. Neurostimulation,
infusion pumps and electric stimulation are the
widely prescribed devices by physicians to
eliminate chronic pain.

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Market Dynamics

The rising cases of chronic diseases which
includes lifestyle disorders such as obesity and
diabetes needs muscle and nerve stimulator, high
occurrence of musculoskeletal disorders such as
arthritis, osteoarthritis, orthopedic
degenerative disorders and rheumatoid arthritis
and also rising cases of chronic pain and
inability to carry out routine errands, will
boost product demand. In addition, increasing
cases of cancer and pain management devices are
the crucial drivers for the growth of pain
management devices market. Other reasons for the
demand include the rise in geriatric population
which demands for pain rehabilitation centres
which is helpful in urgent pain management
treatments. After surgery, pain is one of the
major reasons of hospitals where cost of
monitoring and treatment of side effects demands
for pain management drugs and devices.
However, higher cost of hospitalization and
shifting towards minimal expensive care
facilities restrains the market growth. Also,
meagre reimbursement for chronic pain treatment
in developing countries hampers the market
growth. In addition, inadequacy for oral drugs
intake is enhancing patients for finding
substitute treatment such as pain management
devices and lack of preference for surgeries are
the factors boosting demand for the devices
market.

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Asia-Pacific is considered as a lucrative option
for the manufacturing companies of pain
management devices. Higher growth opportunities
in this region is due to factors such as growing
rate of chronic diseases, improving healthcare
infrastructure, growing middle-class population
and awareness for safety and efficacy of pain
management device. According to U.S. Department
of Commerce, Japan accounts for largest geriatric
populations in the world, of which 20 of its
population aged 65 years and above.
Global pain management devices are segmented by
devices, drugs, application, end- user and
region. Based on devices, it is bifurcated
into analgesic infusion pumps, electrical
stimulators, radiofrequency ablation and
neurostimulation. By drugs injection, it is
listed into opioids and non- narcotic analgesics.
Non- narcotic analgesics is further bifurcated
into anesthetics, anticonvulsants, anti-
depressants NSAIDS and others. On the basis of
application, it is categorised into facial
migraine, musculoskeletal disorder, neuropathic
pain, cancer, trauma and others. Further by end-
user, it is classified into physiotherapy
centers, hospitals clinics and others. Based on
regional insights, it is bifurcated into North
America (US, Canada, Rest of North America), Asia
Pacific (China, India, South Korea, Rest of Asia
Pacific), Europe (UK, Russia, Germany, Rest of
Europe), Rest of the World (Latin America and
Middle East Africa).
Major players in the global pain management
devices market include DJO Global LLC, Baxter
International Inc., St. Jude Medical, Bio-Medical
Research Ltd., Codman and Shurtleff, Inc.,
Stryker Corporation, Hospira Inc., Boston
Scientific Corporation, Medtronic Plc, Smiths
Medical, Kimberly-Clark Corporation, B. Braun
Melsungen AG., and Pain Management, Inc among
others.

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Segmentation and Scope of the Global Pain
Management Devices Market

Global pain management devices market is
segmented by devices, drugs, application, end-
user and region.
By Devices
Electrical Stimulators
Radiofrequency Ablation
Analgesic Infusion Pumps
Neurostimulation
TENS
Others
Intrathecal Infusion Pumps
External Infusion Pumps
Spinal Cord Stimulators
Deep Brain Stimulators
Sacral Neurostimulators
Others