The global Pain Management Devices market accounted for USD 4.26 Billion in 2020 and is expected to reach USD 6.70 Billion by 2028, growing at a CAGR of around 6.1% between 2021 and 2028.
The global Pain Management Devices market accounted for USD 4.26 Billion in 2020 and is expected to reach USD 6.70 Billion by 2028, growing at a CAGR of around 6.1% between 2021 and 2028.
The pain management devices market was likely to ascertain the very best development within the years to return due to advanced health care facilities and a rise in the percentage of Cancer Pains everywhere in the world. Moreover, the increasing requirement for long-term pain management amongst the elderly population is probably going to spice up the demand for the global pain management devices market. Additionally, to present, the adverse impact of drugs paired with unpalatable taste is believed to be in charge of a serious development within the health care industry, which is predicted to flourish the worldwide pain management devices market. Aside from this, the introduction of various pain management devices will possibly elevate the need for pain management devices, thereby enacting the event of the worldwide pain management devices market.
On the opposite hand, the high price of pain management machines might act as a limitation in the event of a worldwide pain management devices market. Increasing R&D is additionally one of the main factors that act as a catalyst for the event of worldwide pain management devices market. For instance, in April 2018, NeuroMetrix declared outcomes from clinical research of its Quell wearable device. It marketed the device’s capability to treat chronic pain. Outcomes from the study were reported in the Journal of Pain Research.
Besides, the COVID-19 outbreak, there's a drastic rise in the demand for healthcare facilities across the world. The increasing corona cases across the world are forcing governments of developed and emerging countries to extend their patient handling capacities. However, nationwide lockdowns have impacted patients who specifically depend on PT or exercise programs as a pain management regimen. Also, many elective procedures, and in-person patient visits have been canceled or rescheduled, which is anticipated to increase the demand for at-home pain treatment.
The increasing cases of chronic diseases are one of the key factors expected to contribute to the expansion of the market over the forecast period. The rising prevalence of lifestyle disorders, like obesity and diabetes, has increased the demand for muscle and nerve stimulators, thereby augmenting market growth. The increasing number of cancer cases are expected to further increase product demand over the forecast period. Moreover, the high prevalence of musculoskeletal disorders, like arthritis, orthopedic degenerative disorders, osteoarthritis, and atrophic arthritis, and a resultant rise in cases of chronic pain and inability to hold out routine tasks, will boost product demand.
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Based on application, the global pain management devices market is split into five types like neuropathic pain, cancer pain, musculoskeletal pain, facial & migraine pain, among others. In the application section, neuropathic pain was the dominating section in 2017. This neuropathic pain section was expected to ascertain the very best development within the years to return, majorly due to the high occurrence of diseases resulting in neuropathic pain. Almost over 70% of adults experience back pain, which comes below neuropathic pain. This development of the pain device management market is additionally mainly credited to the increase in the number of Cancer Pains paired with the increment within the number of doctors everywhere on the planet.
The neurostimulation segment held the most important revenue share of 57.5% in 2019. the expansion is often attributed to the increased prevalence of neurological disorders. These neurostimulators play an important role in treating chronic pain, Parkinson’s disease, epilepsy, movement disorders, and depression. additionally, certain factors like escalating product demand, the introduction of technologically advanced products, and therefore the growing geriatric population are anticipated to spice up the segment growth.
Based on geography, North America was the dominant area for the global pain management devices market in 2017 in terms of income. This was owing to the expansion of novel pain management machines within the healthcare market, thereby boosting the worldwide pain management devices market.
The APAC market is estimated to grow at a promising CAGR during the forecast period. Factors like the increasing number of cancer patients, growth within the elderly population, healthcare infrastructure improvements, and therefore the increasing prevalence of chronic diseases are the main factors driving market growth within the Asia Pacific.
The major players that are comprised in Pain Management Devices market are major players such as Boston Scientific Corporation, Baxter International Inc., Kimberly-Clark Corporation, DJO Global LLC, Medtronic, Inc., Smiths Medical, Codman And Shurtleff, Inc, St. Jude Medical, Inc., Hospira Inc., and Stryker Corporation.
By Type
By Application
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Pain Management Devices Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Pain Management Devices Market for Electrical Stimulators, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Pain Management Devices Market for Electrical Stimulators, By Country, 2020 & 2028
FIG NO. 9. Global Pain Management Devices Market for TENS, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Pain Management Devices Market for TENS, By Country, 2020 & 2028
FIG NO. 9. Global Pain Management Devices Market for Analgesic Pumps, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Pain Management Devices Market for Analgesic Pumps, By Country, 2020 & 2028
FIG NO. 11. Global Pain Management Devices Market for Intrathecal Pumps, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Pain Management Devices Market for Intrathecal Pumps, By Country, 2020 & 2028
FIG NO. 13. Global Pain Management Devices Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Pain Management Devices Market for Others, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 16. Global Pain Management Devices Market for Cancer Pain, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Pain Management Devices Market for Cancer Pain, By Country, 2020 & 2028
FIG NO. 18. Global Pain Management Devices Market for Neuropathic Pain, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Pain Management Devices Market for Neuropathic Pain, By Country, 2020 & 2028
FIG NO. 20. Global Pain Management Devices Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Pain Management Devices Market for Others, By Country, 2020 & 2028
FIG NO. 22. Global Pain Management Devices Market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America Pain Management Devices Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 24. Porter’s Five Forces Analysis for Global Pain Management Devices Market
FIG NO. 25. PEST Analysis for Global Pain Management Devices Market
FIG NO. 26. Pricing Analysis for Global Pain Management Devices Market
FIG NO. 27. Value Chain Analysis for Global Pain Management Devices Market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology
List of Tables
TABLE NO. 1. Global Pain Management Devices Market: Snapshot
TABLE NO. 2. Quarterly Pain Management Devices Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Pain Management Devices Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Pain Management Devices Market for Electrical Stimulators, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Pain Management Devices Market for TENS, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Pain Management Devices Market for Analgesic Pumps, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Pain Management Devices Market for Intrathecal Pumps, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Pain Management Devices Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Pain Management Devices Market for Cancer Pain, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12 Global Pain Management Devices Market for Neuropathic Pain, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Pain Management Devices Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14 Global Pain Management Devices Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Pain Management Devices Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Pain Management Devices Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Pain Management Devices Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Pain Management Devices Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S. Pain Management Devices Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada Pain Management Devices Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada Pain Management Devices Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico Pain Management Devices Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico Pain Management Devices Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 24. Drivers for the Pain Management Devices Market: Impact Analysis
TABLE NO. 25. Restraints for the Pain Management Devices Market: Impact Analysis
TABLE NO. 26. Major Buyers of Pain Management Devices
TABLE NO. 27. Distributors/Traders List of Pain Management Devices
TABLE NO. 28. Global Pain Management Devices Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 29: Global Pain Management Devices Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Pain Management Devices market. Zion Research has collected and analyzed key data belong to the global Pain Management Devices market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Pain Management Devices across the world has been calculated through primary and secondary research.
Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Pain Management Devices industry. Primary research makes up major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Pain Management Devices market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Pain is a stressful feeling mainly caused by intense or damaging stimuli. Pain management devices are the electrical or non electrical devices used to deal with severe and acute pain management in patients who are suffering from various medical conditions. Various pains include cancer pain, neurological disorders, and musculoskeletal disorders. The pain management devices help to restore the ability of patients to do everyday activities, decrease the need for oral pain medications, and improve the quality of life of patients suffering from these conditions.
Globally, pain management device market has been accelerated by increasing awareness for controlling the pain caused by various medical conditions like cancer pain, neuropathic pain and chemical pain. Moreover, growing number of surgical procedures, healthcare expenditure is directly responsible for fueling the growth of pain management device market. Furthermore, large population base and rapid economic development in some developing countries is expected to improve access to quality healthcare which drive the growth of pain management device market. However, high procedural and purchase cost of pain management devices are considered as a restraint for the growth of pain management device market. Nonetheless, untapped market is considered as major opportunity for the growth of global pain management device market.
Based on type, the global market of pain management device is bifurcated into nine types: electrical stimulators, TENS, analgesic pumps, intrathecal pumps, radio-frequency ablation devices, neurostimulators, spinal cord stimulators, sacral nerve stimulators, deep brain stimulators and others. Electrical stimulation device dominates the global electrical stimulation devices market and was projected to expand approximately at a CAGR of 5.8% from 2016 to 2021. This growth is attributed to in going research and development in electrical stimulation device market.
Based on application, the global market of pain management device is bifurcated into five types: cancer pain, neuropathic pain, facial & migraine pain, musculoskeletal pain and others. The neuropathic pain segment was the leading segment in 2015. This neuropathic pain segment is estimated to witness the highest growth during the forecast period, primarily due to the high prevalence of diseases resulting in neuropathic pain followed by other pain. Other factors that propels the growth of these segments includes global rise in hospitals and healthcare center. However, other applications like pregnancy/labor and menstrual pain, sports injuries, post-operative pain, and trauma pain is expected to fuel the growth of pain management device market, which accounted for approximately above 15% of market share in 2015.
Based on geographies, the global market of pain management devices market is bifurcated into five types: North America, Europe, Asia Pacific, Latin America and Middle East and Africa. These segments are further bifurcated into UK, Germany, France, China, Japan, India and Brazil. North America accounted for the largest share of the global pain management devices market, followed by Europe. Global pain management device market was dominated by North America in 2015 in term of revenue followed by Europe. This growth is attributed due to rising awareness related to health care in this region. Moreover, pain management devices market has huge opportunity in the emerging markets of Asia Pacific due to increasing standard of living, large patient base in this region. The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period, due to the rising incidence of chronic diseases, increasing government support, and growing middle-class population and rise in disposable income levels in this region. Emerging economy like Brazil is expected to fuel the growth in Latin America region.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global pain management devices market including Baxter International Inc., Boston Scientific Corporation, DJO Global LLC, Kimberly-Clark Corporation, Smiths Medical, Medtronic, Inc., St. Jude Medical, Inc., Codman And Shurtleff, Inc, Stryker Corporation and Hospira Inc.
The global Pain Management Devices Market was valued at USD 4.26 billion in 2020.
The global Pain Management Devices Market is expected to reach USD 6.70 billion by 2028, growing at a CAGR of 5.6% between 2021 to 2028.
Factors such as the increasing incidence of cancer, growth in the elderly population, healthcare infrastructure improvements, and the increasing prevalence of chronic diseases are the major factors driving the market growth.
North America in 2020 ruled the Pain Management Devices market and was believed to be the highest income-generating area all over the globe.
The major players that are comprised in Pain Management Devices market are Boston Scientific Corporation, Baxter International Inc., Kimberly-Clark Corporation, DJO Global LLC, Medtronic, Inc., Smiths Medical, Codman And Shurtleff, Inc, St. Jude Medical, Inc., Hospira Inc., and Stryker Corporation.
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