Global Pain Management Devices Market to be Driven by the Rise in Occurrence of Chronic Pain in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Pain Management Devices Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global pain management devices market, assessing the market based on its type, mode of purchase, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 9%
  • Forecast Market Size (2026): USD 14.5 Billion

The growth in the global pain management devices market is induced by rising prevalence of chronic diseases such as cardiovascular disease, cancer, musculoskeletal disease, and neurovascular disease. Such diseases have a negative impact on a person’s health by reducing immunity and causing chronic pain. The prevalence of the mentioned diseases is highest in adults and the geriatric community. A portable pain relief device is simple to use and run, reducing a person’s reliance on others. As a result of the benefits of pain management products, demand for them is increasing among patients with chronic diseases. Consumers’ disposable income is increasing, particularly in developing countries, which is driving the market further.

Industry Definition and Major Segments

Pain management refers to the medical branch that employs an interdisciplinary method to relieve suffering and improve the quality of life for those who suffer from chronic pain. Pain can resolve quickly once the underlying trauma or disease has healed and is handled by a single practitioner with analgesics and sometimes anxiolytics.

Read Full Report Online: https://www.expertmarketresearch.com/reports/pain-management-devices-market

Based on type, the market is divided into:

  • Neurostimulation Devices
    • Transcutaneous Electrical Nerve Stimulation (TENS) Devices
    • Spinal Cord Stimulation (SCS) Devices
  • Ablation Devices
    • RF Ablation Devices
    • Cryoablation Devices
  • Analgesic Infusion Pumps
    • Internal
    • External

Based on mode of purchase, the industry is segmented into:

  • OTC
  • Prescription-Based

Based on application, the market can be categorised as:

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

On the basis of region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The need for pain relief products is at an all-time high due to a rise in the number of diabetic patients. Many patients have reported feeling relieved after using these instruments. This has resulted in the expansion of the pain relief device market.

Patients are increasingly looking for new therapeutic options, such as pain relief systems, due to the ineffectiveness of oral medications. Furthermore, one of the reasons driving up demand is a lack of preference for surgeries. Because of the high costs involved with hospitalisation, there is a greater desire for shorter hospital stays and a transition to less expensive treatment environments, which increases the product demand.

Key Market Players

The major players in the market are Abbott Laboratories, Becton, Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Johnson & Johnson Services, Inc, Medtronic Plc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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