Medical Devices

Pain Management Devices Market Forecast to 2027 Facts and Figures by Abbott, Halyard Health, Inc, Smiths Medical

The Pain Management Devices Market is expected to reach US$ 8,388.67 million in 2027 from US$ 4,527.31 million in 2019. The market is estimated to grow with a CAGR of 8.1% from 2020 to 2027.

Pain management devices are used for managing or controlling the pain caused due to medical conditions like arthritis, injury, cancer, and others. Devices for pain management are used according to the severity of the pain, these devices are widely used in hospitals during the pain management therapy. The global pain management devices market is driven by factors such as increasing chronic pain incidences, rising product launches, and growing geriatric population. However, lack of awareness regarding pain management is likely to hinder the growth of the pain management devices market during the forecast period.

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Global Pain Management Devices Market report offers in-depth information about the major market players

Medtronic plc
Abbott (St. Jude Medical)
Boston Scientific Corporation
Hospira, Inc.
Halyard Health, Inc
Smiths Medical
B. Braun Melsungen AG
Neurotech NA, Inc.
BD
Nevro Corp.

Global Pain Management Devices Market – By Product Type

Neuromodulation Devices
Transcutaneous Electrical Nerve Stimulation (TENS) Devices
Spinal Cord Stimulation (SCS) Devices
Ablation Devices
Radiofrequency Ablation Devices
Cryoablation Devices
Analgesic Infusion Pumps
Intrathecal Infusion Pumps
External Infusion Pumps

Global Pain Management Devices Market – By Application

Neuropathic Pain
Cancer Pain
Facial Pain and Migraine
Musculoskeletal Pain
Others

Market Insights

Increasing Chronic Pain Incidences

The increasing incidences of chronic diseases such as cancer, cardiovascular diseases, neurovascular diseases, and musculoskeletal diseases are likely to drive the growth of the pain management devices market. These diseases affect a person’s health critically by lowering immunity and resulting in chronic pain. The incidences of the aforementioned diseases are most commonly seen in adults and geriatric population. According to the Centers for Disease Control and Prevention data of October 2019, in the US, 6 in 10 adults live with at least one chronic disease. Additionally, in the US, 4 in 10 adults live with two types of chronic disease. Moreover, it has been observed that the aforementioned diseases are noticeably increasing among children.

The incidences of chronic pain are commonly seen among athletes, sportspersons, and people living with past injuries. The chronic pain incidences increase the dependency of a person on others for various daily activities. Therefore, pain management is essential to carry out normal daily routine. The pain management devices provide relief for longer durations and also improve their health. A wearable pain management device is easy to use and operate; thus, it reduces the person’s dependency on others. Therefore, owing to the advantages of pain management devices, the demand for the same is rising among patients with chronic diseases.

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The report offers elaborated coverage of Pain Management Devices trade and main market trends with impact of coronavirus. The marketing research includes historical and forecast market data, demand, application details, value trends, and company shares of the leading Pain Management Devices by geography. The report segmented the market size, by volume and value, on the idea of application type and geography.

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Prashant Tambe
Prashant Tambe
An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.