According to the recent report released by Credence Research, Inc. “Global Pain Management Devices Market– Growth, Opportunities, Competitive Analysis and Forecast, 2016– 2022,” the market for pain management devices was valued at USD 3,187.5 million in 2015 and is projected to hit USD 6,241.2 million by 2022, an increase of 9.8 percent between 2016 and 2022.
The aging global population, the increasing prevalence of chronic pain, cancer and similar debilitating conditions and the growth of government initiatives to mitigate the threat of chronic pain are the main factors contributing to the growing demand for pain management solutions on the world market. The growth of pain management devices on the market is strongly supported by the increase in patients with cancer, neurological diseases, trauma, arthritis and other inflammatory conditions. Conventional drug based therapies always come with the threat of side effects thus giving rise to R&D efforts for introducing advanced pain management options with higher efficacy and safety and thus pain management devices.
Browse the full report Global Pain Management Devices Market – Growth, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 at https://www.credenceresearch.com/report/pain-management-devices-market
Introduction of infusion pumps for pain management that offer precise drug dosage while simultaneously meeting the need for treatment compliance is a prime factor that suggests the growth of this segment in the near future. Neurostimulation devices for deep nerve stimulation, spinal cord stimulation and others is a major segment to watch for considering the staggering prevalence of neurological conditions. In terms of applications, neuropathic pain is estimated to dominate the market revenue share.
During the forecast period followed by Europe, the United States (North America) will dominate the global pain management devices. The growth in these regions is supported by high prevalence of chronic and life-style related diseases, and neurological pain. On the other hand, Asia-Pacific is estimated to be the most rapidly growing regional market in the forecast period. The huge population base, increased awareness and rapid development of healthcare infrastructure contribute significantly to the growth of the Asia-Pacific market for pain management devices.
The competition among the market players engaged in neuropathic and musculoskeletal pain segments is high with several market players intensively focusing on development of advanced pain management solutions that exhibit efficacy and safety at competitive prices. Some of the major companies operating in the global pain management devices market are Medtronic, Smiths Medical, St. Jude Medical, Boston Scientific Corp., Stryker Corporation and others.
ToC:
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
Chapter 2 Executive Summary
2.1 Pain Management Devices Market Share, by Products, 2015 (Value %)
2.2 Pain Management Devices Market, by Applications, 2014-2022 (USD Mn)
2.3 Pain Management Devices Market Share, by Geography, 2015 (Value %)
Chapter 3 Pain Management Devices Market: Market Dynamics and Outlook
3.1 Introduction, Facts and Figures
3.2 Drivers
3.3 Challenges
3.4 Future Prospects
3.5 Attractive Investment Proposition
3.1 Competitive Analysis: Fractal Map Investigation, by Key Market Players
Chapter 4 Global Pain Management Devices Market Analysis, by Products
4.1 Preface
4.2 Electrostimulation Devices
4.2.1 Transcutaneous Electrical Nerve Stimulation (TENS)
4.2.2 Neuromuscular Electrical Stimulation (NMES)
4.2.3 Others
4.3 Radiofrequency Ablation Devices
4.4 Infusion Pumps (Analgesic)
4.4.1 Intrathecal Analgesic Pumps
4.4.2 External Analgesic Pumps
4.5 Neurostimulation Devices
4.5.1 Deep Nerve Stimulation Devices
4.5.2 Sacral Nerve Stimulation
4.5.3 Vagus Nerve Stimulation
4.5.4 Spinal Cord Stimulation
…………………………toc continued
Browse the full report Global Pain Management Devices Market – Growth, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 at https://www.credenceresearch.com/report/pain-management-devices-market
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