Pain Management Devices Market Is To Expected To Witness Substantial Growth Worth $10.8 Billion By 2027 | Grand View Research, Inc.

April 27 06:10 2021
Pain Management Devices Market Is To Expected To Witness Substantial Growth Worth $10.8 Billion By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to recent report published by Grand View Research Inc., the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of COVID-19 pandemic and provide optimum care to the infected also widens.

The global pain management devices market size is expected to reach at USD 10.86 Billion by 2027 to expand at CAGR of 9.0%. Increasing cases of chronic pain and technological advancement are driving the market growth. The rising prevalence of chronic diseases coupled with the increasing geriatric population 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.

The COVID-19 pandemic challenges healthcare system throughout the world. Besides, it entails significant challenges owing to social distancing measures. This has led in augmenting the existing chronic conditions in patients with mental and physical disorders.  However, telemedicine proves a boon to treat remote patients and the tool has gained a traction in terms of value to medical science. Through telemedicine, patients with chronic conditions can be treated and diagnosed under optimum care. 

Pain Management Devices Market Report Highlights

 The neurostimulation segment dominated the market with a share of over 57% in 2019 owing to the increased prevalence of neurological disorders

 The radiofrequency ablation segment is expected to show lucrative growth during the forecast period owing to the growing prevalence of chronic and cardiovascular diseases and preference for minimally invasive surgeries

 Neuropathic pain dominated the application segment with a share of more than 30% in 2019 and will expand further at a steady CAGR from 2020 to 2027 due to rising cases of neuropathic pain and new product launches by the industry players

 The cancer application segment is expected to register the fastest growth during the forecast period owing to the increasing usage of pain management devices

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Pain Management Devices Market Segmentation

Grand View Research has segmented the global pain management devices market on the basis of product, application, and region:

Pain Management Devices Product Outlook (Revenue, USD Million, 2016 – 2027)

  • Electrical Stimulators

    • TENS

    • Others

  • Radiofrequency Ablation

  • 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, 2016 – 2027)

  • Cancer

  • Neuropathic Pain

  • Facial & Migraine

  • Musculoskeletal Disorder

  • Trauma

  • Others

Pain Management Devices Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • The Netherlands

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

  • Latin America

    • Mexico

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

List of Key Players of Pain Management Devices Market

  • Smiths Medical

  • B. Braun Melsungen AG

  • Baxter

  • Boston Scientific Corp.

  • Colfax Corp.

  • Medtronic Plc

  • Nevro Corp.

  • Abbott

  • Stryker

  • Omron Healthcare, Inc.

  • Stimwave LLC

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/2362/ibb

Browse More Related Report:

Hydrotherapy Equipment Market Size, Share & Trends Analysis Report By Type (Pools, Tub/Bath), By Application (Cardiology, Pain Management), By End Use, By Region, And Segment Forecasts, 2020 – 2027

Neurostimulation Devices Market Size, Share & Trends Analysis Report By Application (Pain Management, Urinary & Fecal Incontinence, Epilepsy), By Product (Spinal Cord, Deep Brain Stimulators), And Segment Forecasts, 2019 – 2026

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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