Global Pain Management Devices Market to Rise at an Impressive 9.1% CAGR

The global pain management devices market will benefit from increasing regulatory approvals for neuromodulation devices in recent years. According to a report published by Fortune Business Insights, titled “Pain Management Devices: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 3,922.9 Mn in 2018. Fortune Business Insights states that the market will reach US$ 8,046.3 Mn by 2026, exhibiting a CAGR of 9.4%.

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Pain management devices aid in reducing chronic pain and other undesirable conditions. Pain management can be used as an alternative to surgery to improve the result of your medication. This allows a non-invasive platform for surgical procedures, which in turn will lead to an increase in the global pain management devices market value. Recent technological advancements have opened up a huge pain management devices market growth potential. The report encompasses several factors that have contributed to the growth of the global pain management devices market. Besides this, the report includes a few of the factors that have acted as a barrier to market growth and signifies the market strategies adopted by leading companies, specifically aimed at overcoming these barriers. The increasing number of people suffering from pain through chronic diseases will aid the growth of the global pain management devices market in the forthcoming years. According to the Centers for Disease Control and Prevention, around 20.4% of the total population in the US suffered from chronic pain in 2016. In addition to the increasing incidence of chronic pain, increasing neuropathic conditions will contribute to the increasing pain management devices market size.

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35% Rise in Regulatory Approvals for Pain Management Device Indicates a Huge Potential for Growth in the Foreseeable Future

As the benefits of pain management devices have been unfolded in recent years, there has been an increase in adoption for these devices across the world. Resulting from the increasing demand for pain management devices, there has been a gradual increase in clinical approvals for these devices in recent years. According to the International Neuromodulation Society, the total number of approvals for neuromodulation devices from the Food and Drug Administration increased by approximately 35% in the past decade. Fortune Business Insights states that the growing usage approvals will favour the growth of the global pain management devices market in the forthcoming years.

Fortune Business Insights profiles a few of the companies that have generated substantial pain management market revenue in recent years. Some of the leading companies that are currently operating in the global pain management market are Medtronic, Boston Scientific Corporation, LivaNova, Abbott, DJO Global LLC, SPR Therapeutics, and Nevro Corp.

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Table Of Contents :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Recent Industry Developments- Partnerships, Mergers, and Acquisitions
    • Technological Advancements in Pain Management Devices Market
    • Epidemics of Chronic Pain for Key Countries
    • New Product Launch by Key Players
    • Key Industry Trends
  • Global Pain Management Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product Type
      • Electrical Stimulation Devices
  • TENS (Transcutaneous Electric Nerve Stimulation)
  • EMS (Electric Muscle Stimulation)
  • Others
      • RF Ablation Devices
      • Neuromodulation Devices
  • Spinal Cord Stimulation
  • Deep Brain Stimulation
  • Others
      • Infusion Pumps
    • Market Analysis, Insights and Forecast – By Application
      • Musculoskeletal
      • Brain
      • Cancer
      • Neuropathic Pain
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Physiotherapy Centers
      • Hospitals and Clinics
      • Others (Home Care Settings and Ambulatory Surgery Centers)
    • Market Analysis, Insights and Forecast – By Region/Country
      • North America
      • Europe
      • Asia pacific
      • Rest of the World
  • North America Pain Management Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Product Type
      • Electrical Stimulation Devices
  • TENS (Transcutaneous Electric Nerve Stimulation)
  • EMS (Electric Muscle Stimulation)
  • Others
      • RF Ablation Devices
      • Neuromodulation Devices
  • Spinal Cord Stimulation
  • Deep Brain Stimulation
  • Others
      • Infusion Pumps
    • Market Analysis – By Application
      • Musculoskeletal
      • Brain
      • Cancer
      • Neuropathic Pain
      • Others
    • Market Analysis – By End User
      • Physiotherapy Centers
      • Hospitals and Clinics
      • Others (Home Care Settings and Ambulatory Surgery Centers)
    • Market Analysis – By Country
      • U.S.
      • Canada
  • Europe Pain Management Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Product Type
      • Electrical Stimulation Devices
  • TENS (Transcutaneous Electric Nerve Stimulation)
  • EMS (Electric Muscle Stimulation)
  • Others
      • RF Ablation Devices
      • Neuromodulation Devices
  • Spinal Cord Stimulation
  • Deep Brain Stimulation
  • Others
      • Infusion Pumps
    • Market Analysis – By Application
      • Musculoskeletal
      • Brain
      • Cancer
      • Neuropathic Pain
      • Others
    • Market Analysis – By End User
      • Physiotherapy Centers
      • Hospitals and Clinics
      • Others (Home Care Settings and Ambulatory Surgery Centers)
    • Market Analysis – By Country
      • U.K.
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • Rest of Europe
  • Asia pacific Pain Management Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Product Type
      • Electrical Stimulation Devices
  • TENS (Transcutaneous Electric Nerve Stimulation)
  • EMS (Electric Muscle Stimulation)
  • Others
      • RF Ablation Devices
      • Neuromodulation Devices
  • Spinal Cord Stimulation
  • Deep Brain Stimulation
  • Others
      • Infusion Pumps
    • Market Analysis – By Application
      • Musculoskeletal
      • Brain
      • Cancer
      • Neuropathic Pain
      • Others
    • Market Analysis – By End User
      • Physiotherapy Centers
      • Hospitals and Clinics
      • Others (Home Care Settings and Ambulatory Surgery Centers)
    • Market Analysis – By Country
      • Japan
      • China
      • India
      • Australia
      • Southeast Asia
      • Rest of Asia Pacific

Toc Continue..

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