Pain Management Devices Market Revenue, Major Players, Demand, Share Analysis & Forecast

The global pain management devices market size is expected to reach USD 4.65 Billion at a steady revenue CAGR of 8.6% in 2030, according to latest analysis by Emergen Research. Rising prevalence of neurological disorders is a major factor driving market revenue growth. According to a new United Nations report, up to 1 billion individuals, or nearly one in six of the world's population, suffer from neurological disorders, including migraine, brain injuries, and neuroinfections as well as diseases such as Alzheimer's Disease (AD) and Parkinson's Disease (PD), stroke, multiple sclerosis, and epilepsy. While every year, 6.8 million individuals die as a result of these illnesses. In addition, 20%–40% of patients with many basic neurological conditions experience chronic pain, which is a frequent component of many neurological disorders. These illnesses are caused by various pathophysiologies, such as neurodegeneration, neuroinflammation, and traumatic injury to central nervous system, hence, pain management devices are increasingly used to manage this pain.

The study offers a clear understanding of the current market scenario owing to the COVID-19 pandemic and offers a comprehensive analysis of the current and future impact of the pandemic on the overall market landscape. The economic landscape and the market environment have observed drastic changes due to the social restrictions and government-enforced lockdowns imposed to curb the spread of COVID-19. The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.

 

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Competitive Outlook: The leading companies operating in the Pain Management Devices market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Pain Management Devices Market and Profiled in the Report are:

Medtronic, Stryker, BD, B. Braun SE, Boston Scientific Corporation, Abbott, Baxter, Avanos Medical, Inc., Teleflex, Incorporated, and Smiths Medical

Objectives of the Report:

Study of the global Pain Management Devices market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Pain Management Devices market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Pain Management Devices market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Pain Management Devices market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

 

• Type Outlook (Revenue, USD Million; 2019–2030)

  • Neurostimulation Devices
    1. Transcutaneous Electrical Nerve Stimulation (TENS) Devices
    2. Spinal Cord Stimulation
  • Infusion Pumps
    1. High Use of Infusion Pumps in Postoperative Pain Management
    2. Interathecal Infusion Pumps
    3. External Infusion Pumps
  • Ablation Devices
    1. Radiofrequency (RF) Ablation Devices
    2. Cryoablation Devices

• Application Outlook (Revenue, USD Million; 2019–2030)

  • Neuropathic Pain
  • Cancer Pain
  • Facial Pain & Migraine
  • Musculoskeletal Pain
  • Other Applications

• Mode of Purchase Outlook (Revenue, USD Million; 2019–2030)

  • Over-the-Counter Pain Management Devices
  • Prescription-Based Pain Management Devices

Regional Analysis:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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