The Pain Management Devices Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of ****** market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
The pain management devices market was estimated to be USD 3.18 billion globally in 2014. This can be attributed to increasing geriatric population along with rising number of population suffering from diabetes. According to estimates published by International Diabetes Federation, the prevalence of diabetes is predicted to increase to 552.0 million by 2030 from 355.0 million in 2011 globally.
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The increasing incidence of diabetes makes a huge population base susceptible towards development of chronic pain which is expected to drive the growth. The market is primarily driven by aging population base which is more prone to develop various chronic disorders. These chronic disorders include diabetes, cancer and cardiovascular disorders accounting for over 87.0% of disease burden in geriatric population.
In addition, there has been an increasing prevalence of cancer accompanied with chronic pain and serves as a potential contributor towards high potential growth. The trauma is a result of compression of a nerve by tumor and other factors which can be subsided with the use of these devices. According to estimates, over 20.0 to 50.0% of patients suffer from acute pain during diagnosis and about 75.0% as the disease progresses.
Type Outlook (Revenue, USD Million, 2012 – 2022)
- Electrical Stimulators
- TENS(Transcutaneous Electrical Nerve Stimulators)
- Radiofrequency Ablation
- Intrathecal Infusion Pumps
- External Infusion Pumps
- Analgesic Infusion Pumps
- Spinal Cord Stimulators
- Deep Brain Stimulators
- Sacral Neurostimulators
Application Outlook (Revenue, USD Million, 2012 – 2022)
- Cancer Pain
- Neuropathic Pain
- Facial Pain & Migrane
- Musculoskeletal Disorders
Major Companies Analysis covered in these report
- Stryker Corporation
- Smiths Medical
- Boston Scientific Corporation
- B Braun and many others
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Key questions answered in the report include:
- What will be the market size in 2022?
- What are the growth opportunities of Pain Management Devices market in upcoming period?
- What strategies are the market players adopting to ensure sustainability?
- Which region or country driving the demand of Pain Management Devices market?
- How and where market players should focus to gain maximum ROI?