Pain management Market Research Study, Sales Revenue, Key Players, Growth factors, Trends and Forecast 2030

0
2KB

Market Overview

The global pain management market research report is predicted to acquire market value of USD 5.81 billion, growing at a CAGR of 7.30% by 2030. The increasing demand for long-term pain management among the geriatric population is estimated to drive the global pain management market 2020. The growing number of patients battling chronic neuromuscular diseases, along with the increasing pain rehabilitation center, is projected to augment the market substantially in the forthcoming period. Further, the aftereffect of the pain medication and the large patent population base is further projected to escalate the market substantially. Besides, the development of novel pain management device and an established reimbursement schemes for spinal cord stimulation (SCS) in developed countries are anticipated to accelerate the market additionally. Moreover, the proven efficiency of pain management devices is recognized to be another crucial factor in driving the global market.

On the other hand, lack of awareness, the dearth of expertise, expenses associated with purchasing, and a lesser number of pain clinics in various countries are estimated to hamper the global pain management market during the forecast period. However, the increasing prevalence of diabetes and cancer, technological advancement, along with the aforementioned factors, are predicted to combat the hampering factors.

Market Segmentation

The segment analysis of global pain management devices is done by type and application.

The type-based segments of the global pain management devices are stimulators, pumps, and ablation devices. Stimulators are further sub-segmented into neuromodulator devices and transcutaneous electrical nerve stimulation (TENS) devices.

The type-based segments of the global neuropathic pain medication are cancer pain, musculoskeletal pain, migraine, and others.

Key Players

The established key players of the global pain management devices market are Boston Scientific Corporation (US), Baxter International Inc. (US), Medtronic Plc (US), Bio-Medical Research (BMR) Ltd. (UK), St. Jude Medical (US), Codman and Shurtleff, Inc. (US), Hospira Inc. (US), Stryker Corporation (US), Smiths Medical (UK), Kimberly-Clark Corporation (US), B. Braun Melsungen AG. (Germany) and Pain Management, Inc (US), and DJO Global LLC (US).

 

Regional Analysis

Based on the region, the global pain management devices market report is segmented into North America, Asia-Pacific, Europe, and the Middle East and Africa. As per the analysis, North America is estimated to procure the largest market share owing to its high per capita income. Further, the region has a sufficient budget allotted for research and development, along with the fast adoption of technology in the region, which is predicted to accelerate the demand substantially during the forecast period. In addition, government initiatives, rising awareness among people are projected to drive the regional market additionally.

Europe is anticipated to acquire the second largest market share owing to the rise in the geriatric population. Further, the technical development in the region is further accelerating the demand. Germany is estimated to dominate the European market by procuring the largest market share in the region.

However, the APAC region is anticipated to be the fastest-growing region owing to the increasing demand for these devices. The rapid development of healthcare infrastructure in developing countries such as India, Japan, and China is making a substantial contribution to strengthening the market during the forecast period. Further, the developing regions are witnessing a rise in disposable income, leading to the expansion of the regional market.

The MEA region is estimated to witness sluggish growth owing to the presence of poor socio-economic situation. However, the increasing awareness regarding health, and the rising imports are likely to augment the regional market during the forecast period.

 

Related Report:

Canisters Market

 

Orthopedic Implants Market

 

Blood Coagulation Testing Market

 

Circulating Tumor Cell Market

 

For More Information, Please Visit @ Market Research Future

Suche
Kategorien
Mehr lesen
Andere
The Ultimate Guide to Stainless Steel Pools: A Luxury That Lasts
A backyard oasis should be more than just beautiful—it should be built to last. When it...
Von steaveharikson 2025-03-18 20:19:01 0 843
Andere
After builders cleaners in UK
After completing a construction or renovation project, the next crucial step is ensuring the...
Von officewebmaster315 2023-12-20 09:31:55 0 2KB
Shopping
Best Online Stores for Travis Scott Merch
  If you are looking for Travis Scott merch, you are in the right place. Our clothing brand...
Von kevinrob2468 2025-06-23 05:52:58 0 322
Health
Is FUE Hair Transplant Worth Investing In?
Let’s face it, losing hair doesn’t feel good. You start noticing your hairline going...
Von chandrahairclinic 2025-04-16 12:07:30 0 773
Andere
HDO Box is your way to watch your best movies and tv series for free
  About Hdo Box Player App HDO Box PLayer of one of the best Install HDO Box App apps...
Von testbook 2023-07-31 12:13:26 0 6KB