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Pain Management Devices Market by Type (Electrical Stimulators, TENS, Analgesic Pumps, Intrathecal Pumps, Radiofrequency Ablation Devices, Neurostimulators, Spinal Cord Stimulators, Sacral Nerve Stimulators, Deep Brain Stimulators and Others) for Cancer Pain, Neuropathic Pain, Facial & Migraine Pain, Musculoskeletal Pain and Other Application - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published Date: 02-Sep-2016 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-132 Status : Published

Global pain management device market expected to reach USD 4.56 by 2021, growing at a CAGR of around 6.8% between 2016 and 2021.

Description

The report covers forecast and analysis for the pain management devices market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion). The study includes drivers and restraints for the pain management devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the pain management devices market on a global level.

This report offers comprehensive coverage on global pain management devices market along with, market trends, drivers and restraints of pain management devices market. This report included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the pain management devices market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

The study provides a decisive view on the pain management devices market by segmenting the market based on type, application and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The type market covered under this study includes electrical stimulators, TENS, analgesic pumps, intrathecal pumps, radiofrequency ablation devices, neurostimulators, spinal cord stimulators, sacral nerve stimulators, deep brain stimulators and others. The application segmentation includes cancer pain, neuropathic pain, facial & migraine pain, musculoskeletal pain and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. 

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 include 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.

This report segments the global pain management devices market as follows:

Global Pain Management Devices Market: Type Analysis

  • Electrical Stimulators
  • TENS
  • Analgesic Pumps
  • Intrathecal Pumps
  • Radiofrequency Ablation Devices
  • Neurostimulators
  • Spinal Cord Stimulators
  • Sacral Nerve Stimulators
  • Deep Brain Stimulators 
  • Others 

Global Pain Management Devices Market: Application Analysis

  • Cancer Pain
  • Neuropathic Pain
  • Facial & Migraine Pain
  • Musculoskeletal Pain 
  • Others
     

Global Pain Management Devices Market: Regional Segment Analysis

  • North America
    • US
  • Europe
    • UK
    • Germany
    • France 
  • Asia Pacific
    • China 
    • Japan 
    • India
  • Latin America
    • Brazil
  • Middle East And Africa 

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description And Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Pain Management Devices Market, 2015 - 2021 (USD Billion)
    • 2.2. Global Pain Management Devices Market: Snapshot
  • Chapter 3. Pain Management Devices – Market Dynamics
    • 3.1. Introduction
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Global Pain Management Devices Market Drivers: Impact Analysis
      • 3.3.2. Large Patient Population Base
      • 3.3.3. Adverse Effects of Pain Medications
    • 3.4. Market Restraints
      • 3.4.1. Global Pain Management Devices Market Restraints: Impact Analysis
      • 3.4.2. High Procedural and Purchase Cost of Pain Management Devices
    • 3.5. Opportunities
      • 3.5.1. Covering Untapped Market
    • 3.6. Porter’s Five Forces Analysis
      • 3.6.1. Bargaining Power Of Suppliers
      • 3.6.2. Bargaining Power Of Buyers
      • 3.6.3. Threat From New Entrants
      • 3.6.4. Threat From New Substitutes
      • 3.6.5. Degree Of Competition
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis, By Type Segment
      • 3.7.2. Market Attractiveness Analysis, By Application Segment
      • 3.7.3. Market Attractiveness Analysis, By Regional Segment
  • Chapter 4. Global Pain Management Devices Market – Competitive Landscape
    • 4.1. Company Market Share, 2015 (Subject To Data Availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Collaborations And Joint Ventures
      • 4.2.4. Research And Development, Regional Expansion
    • 4.3. Type Portfolio
  • Chapter 5. Global Pain Management Devices Market – Type Analysis
    • 5.1. Global Pain Management Devices Market: Type Overview
      • 5.1.1. Global Pain Management Devices Market Revenue Share, By Type, 2015 And 2021
    • 5.2. Electrical Stimulators
      • 5.2.1. Global Electrical Stimulators Market, 2015 – 2021 (USD Billion)
    • 5.3. TENS
      • 5.3.1. Global TENS Market, 2015 – 2021 (USD Billion)
    • 5.4. Analgesic Pumps
      • 5.4.1. Global Analgesic Pumps Market, 2015 – 2021 (USD Billion)
    • 5.5. Intrathecal Pumps
      • 5.5.1. Global Intrathecal Pumps Market, 2015 – 2021 (USD Billion)
    • 5.6. Radiofrequency Ablation Devices
      • 5.6.1. Global Radiofrequency Ablation Devices Market, 2015 – 2021 (USD Billion)
    • 5.7. Neurostimulators
      • 5.7.1. Global Neurostimulators Market, 2015 – 2021 (USD Billion)
    • 5.8. Spinal Cord Stimulators
      • 5.8.1. Global Spinal Cord Stimulators Market, 2015 – 2021 (USD Billion)
    • 5.9. Sacral Nerve Stimulators
      • 5.9.1. Global Sacral Nerve Stimulators Market, 2015 – 2021 (USD Billion)
    • 5.10. Deep Brain Stimulators
      • 5.10.1. Global Deep Brain Stimulators Market, 2015 – 2021 (USD Billion)
    • 5.11. Others
      • 5.11.1. Global Other Pain Management Devices Market, 2015 – 2021 (USD Billion)
  • Chapter 6. Global Pain Management Devices Market – Application Analysis
    • 6.1. Global Pain Management Devices Market: Application Segment Overview
      • 6.1.1. Global Pain Management Devices Market Revenue Share, By Application, 2015 And 2021
    • 6.2. Cancer Pain
      • 6.2.1. Global Pain Management Devices Market For Cancer Pain , 2015 – 2021 (USD Billion)
    • 6.3. Neuropathic Pain
      • 6.3.1. Global Pain Management Devices Market For Neuropathic Pain, 2015 – 2021 (USD Billion)
    • 6.4. Facial & Migraine Pain
      • 6.4.1. Global Pain Management Devices Market For Facial & Migraine Pain , 2015 – 2021 (USD Billion)
    • 6.5. Musculoskeletal Pain
      • 6.5.1. Global Pain Management Devices Market For Musculoskeletal Pain, 2015 – 2021 (USD Billion)
    • 6.6. Others
      • 6.6.1. Global Pain Management Devices For Others Application Market, 2015 – 2021 (USD Billion)
  • Chapter 7. Global Pain Management Devices Market – Regional Segment Analysis
    • 7.1. Global Pain Management Devices Market: Regional Overview
      • 7.1.1. Global Pain Management Devices Market Revenue Share, By Region, 2015 And 2021
    • 7.2. North America
      • 7.2.1. North America Pain Management Devices Market Revenue, By Type, 2015 – 2021 , (USD Billion)
      • 7.2.2. North America Pain Management Devices Market Revenue, By Application, 2015 – 2021 , (USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 7.3.2. Europe Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
      • 7.3.3. Germany
        • 7.3.3.1. Germany Pain Management Devices Market Revenue, By Type, 2015 – 2021, (USD Billion)
        • 7.3.3.2. Germany Pain Management Devices Market Revenue, By Application, 2015 – 2021, (USD Billion)
      • 7.3.4. France
        • 7.3.4.1. France Pain Management Devices Market Revenue, By Type, 2015 – 2021, (USD Billion)
        • 7.3.4.2. France Pain Management Devices Market Revenue, By Application, 2015 – 2021, (USD Billion)
      • 7.3.5. UK
        • 7.3.5.1. UK Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
        • 7.3.5.2. UK Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 7.4.2. Asia Pacific Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
        • 7.4.3.2. China Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
        • 7.4.4.2. Japan Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
        • 7.4.5.2. India Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 7.5.2. Latin America Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
        • 7.5.3.2. Brazil Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.6. Middle East And Africa
      • 7.6.1. Middle East And Africa Pain Management Devices Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 7.6.2. Middle East And Africa Pain Management Devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
  • Chapter 8. Company Profile
    • 8.1. Baxter International Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Type Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Boston Scientific Corporation
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Type Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. DJO Global LLC
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Type Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Kimberly-Clark Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Type Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Smiths Medical
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Type Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. Medtronic, Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Type Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. St. Jude Medical, Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Type Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Developments
    • 8.8. Codman And Shurtleff, Inc
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Type Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Developments
    • 8.9. Stryker Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Type Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Developments
    • 8.10. Hospira Inc.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Type Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Developments

Methodology

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:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

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:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

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:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

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.

Global Pain Management Devices 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.

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