Pain Management Devices Market Size Worth $9.3 Billion By 2026 – iCrowdNewswire
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Oct 11, 2019 7:07 AM ET

Pain Management Devices Market Size Worth $9.3 Billion By 2026


Pain Management Devices Market Size Worth $9.3 Billion By 2026

iCrowd Newswire - Oct 11, 2019

San Francisco, October 11, 2019: Latest study by Grand View Research, Inc. titled “Pain Management Devices Market Size, Share & Trends Analysis Report By Product (RFA, Neurostimulation), By Application (Neuropathic Pain, Facial & Migraine, MSDs, Trauma, Cancer), And Segment Forecasts, 2019 – 2026”, The global pain management devices market size is expected to reach USD 9.3 billion by 2026 registering a CAGR of 7.6%. Rising prevalence of diabetes, coupled with increasing geriatric population base across the globe, is the major factor augmenting the growth of this market. Preference for pain management devices over oral drugs and surgical interventions is also likely to be a high impact rendering driver for the market over the forecast period.

 

The global market is expected to witness strong growth as a result of various technological advancements in this field. These advancements include the advent of products such as electrode-based wearable automatic transcutaneous electrical nerve stimulators, which provide peripheral pain management in a 60-minute run cycle.

 

 

north-america-pain-management-devices-market

 

Some key findings from the report:

 

By product, neurostimulation led the global market in 2018, accounting for a revenue share of more than 60.0%. These devices have higher preference over traditional technologies due to their higher efficiency in terms of providing relief for a longer duration

 

The radiofrequency ablation segment is expected to witness the highest CAGR from 2019 to 2026. Rising usage of these devices to cure cancer is the major factor driving their adoption. Long-term relief from cancer pain is also a high impact rendering driver for this segment

 

Key companies in the global pain management devices market include B Braun Melsungen AG.; Baxter International, Inc.; Boston Scientific Corp.; Codman and Shurtleff; DJO Global LLC; Pfizer, Inc.; Medtronic Plc; Smiths Medical; Stryker Corp.; and St. Jude Medica.

 

Neurostimulation devices are more efficient than traditional methods as they show a sustained reduction in pain. Additionally, traditional therapy involves intake of medicines that could result in many adverse effects. Such equipment is widely used to manage neuropathic pain as spinal cord stimulators yield the best results. Moreover, these devices offer a customized level of stimulation depending on the activities undertaken by the patient in a day.

 

The final report on global pain management devices market on the basis of the product, application, and region:

 

Pain Management Devices Product Outlook (Revenue, USD Million, 2014 – 2026)

 

Electrical Stimulators

Transcutaneous Electrical Nerve Stimulators (TENS)

Others

Radiofrequency Ablation (RFA)

Analgesic Infusion Pumps

Intrathecal Infusion Pumps

External Infusion Pumps

Neurostimulation

Spinal Cord Stimulators

Deep Brain Stimulators

Sacral Neurostimulators

Others

 

Pain Management Devices Application Outlook (Revenue, USD Million, 2014 – 2026)

 

Cancer

Neuropathic Pain

Facial & Migraine

Musculoskeletal Disorders (MSDs)

Trauma

 

Pain Management Devices Regional Outlook (Revenue, USD Million, 2014 – 2026)

 

North America

U.S.

Canada

Europe

UK

Germany

France

Italy

Spain

Russia

Asia Pacific

Japan

China

India

Latin America

Brazil

Mexico

MEA

South Africa

Saudi Arabia

 

North America was the largest regional market in 2018 and held around half of the global revenue owing to the increased number of people affiliated with pain and thereby requiring management devices. The region is expected to maintain its dominance throughout the forecast years on account of presence of sophisticated healthcare infrastructure and rising adoption of advanced equipment by healthcare professionals and patients over conventional treatment therapies.

 

Browse more market research report from Medical Devices Category

 

For your custom research requirements please visit Grand View Research



Contact Information:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com






Keywords:    Pain Management Devices Market, Pain Management Devices Market Size, Pain Management Devices Market Share, Pain Management Devices Industry

Tags:    Research Newswire, English