Pain Management Devices Market Size Growth Rate:
According to the research report, Pain Management Devices market size was valued at USD 3.11 Billion in 2016 and this figure estimated to cross USD 4.7 Billion by the end of 2021, and it is growing at a CAGR of XX.X% during the forecast period 2017-2021.
Pain Management Devices Market Growth Drivers:
Pain management is one of the major wings in medical sciences. It eliminates the sufferings and improves patient’s quality of life. Presently there are different kinds of pain management techniques which include treatments by medical practitioners, physiotherapists, nurses, physicians, pharmacists, occupational therapists, and others. Even though there are some other pain-relieving methods such as Acupuncture and others, they were proven not to be effective than Pain Management devices.
The therapy with TENS (Transcutaneous electrical nerve stimulation) is rapidly gaining popularity among people’s healthcare. It basically works by blocking the sense of pain and sending electrical current that is in different frequencies to Brain. Ablation devices, Neurostimulation devices and infusion pumps are some of the pain management devices.
Pain Management techniques such as using pain killers and drugs in everyday life may cause major side effects. Instead of being treated by drugs, people are choosing alternatives for the traditional pain management methods. Increase in number of patients with severe chronic diseases and technological developments are driving market in all regions. Increase in Cancer cases and growth in neuropathic diseases are helping to drive this market upwards.
Pain Management Devices Market Regional Analysis:
The market of Pain Management devices is primarily divided in to regions of Asia pacific, Latin America, Europe, Middle East & Africa, and North America. Region of North America dominates the global market significantly due to the increment of people who are utilizing pain relieving devices. In developed regions, the market share is a bit higher because of developed infrastructure of healthcare and awareness towards the technological developments and inventions.
Some of the promising companies leading the Pain Management Devices Market:
- Bio-Medical Research (Bmr) Ltd.
- Boston Scientific Corporation
- Djo Finance Llc
- Halyard Health
- Pfizer, Inc
- Medtronic Plc
- St. Jude Medical
- Smiths Medical, Inc
- Stryker Corporation
- B. Braun Melsungen Ag
This research report includes following segmentation for the Pain Management Devices Market size and forecast until 2021:
Pain Management Devices Market – By Application:
- Neuropathic Pain
- Cancer Pain
- Musculoskeletal Pain
- Facial Pain
Pain Management Devices Market – By Geographical Segmentation:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa