Market Overview:
The global conventional and alternative pain treatment market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic pain, technological advancements in pain management therapies, and rising demand for minimally invasive procedures. The electrotherapy segment is expected to dominate the global conventional and alternative pain treatment market during the forecast period. This segment is projected to grow at a CAGR of 6.1% from 2018 to 2030 due to the increasing adoption of electrotherapy devices for treating various types of chronic pain conditions. In terms of application, the home care segment is projected to lead the global conventional and alternative pain treatment market during the forecast period.
Product Definition:
Conventional pain treatment is the use of medications, such as opioids and non-steroidal anti-inflammatory drugs (NSAIDs), or procedures, such as surgery, to treat pain. Alternative pain treatment is the use of therapies other than medications or procedures to treat pain.
Electrotherapy:
Electrotherapy is a form of alternative or conventional pain treatment that involves the use of electrical energy for therapeutic purposes. It includes transdermal, electro-acupuncture, sacral neuromodulation and magnetic stimulation. Electrotherapy finds its application in chronic pain management as well as neuropathic pain (nerve damage).
Spinal Cord Stimulator:
A spinal cord stimulator is a medical device that sends regular and mild electrical impulses to the spinal cord to reduce chronic pain. It works by reducing the neural pathways between the nerves of the skin and muscles, which causes less pain. Spinal Cord Stimulators (SCS) are used in patients who have failed to get relief from conventional therapies such as medication or surgery for pain management.
The global SCS market size was valued at USD 469 million in 2016.
Application Insights:
The pain clinics segment dominated the global conventional and alternative pain treatment market in 2017. The growth can be attributed to an increase in the adoption of these devices for chronic conditions, such as low back pain, arthritis, headache and neck ache. Furthermore, a rise in the prevalence of mental disorders is also expected to contribute towards segment growth during the forecast period. According to WHO's World Health Organization (WHO), around 1 billion people suffer from anxiety disorders each year; this number is expected to reach 2 billion by 2030 if action isn't taken now. This factor is anticipated to drive demand for advanced therapies that target anxiety such as cognitive behavioral therapy (CBT) which involves exposure therapy and relaxation techniques among others over the coming years.
On similar lines, another growing application area for these devices includes pre-operative or post-surgical pain management owing to their non-invasive nature compared with other conventional methods such as medication or surgery that involve risks associated with anesthesia and blood loss respectively.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing prevalence of chronic pain conditions, and rising awareness about advanced therapies. According to the American Chronic Pain Association (ACPA), approximately 25 million adults in the U.S. suffer from chronic pain that lasts for at least 3 months and is severe enough to interfere with a person’s daily activities or cause significant distress.
Growth Factors:
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 5.0% from 2016 to 2020, reaching 1.3 billion by 2020. This growing population is more susceptible to chronic pain conditions, such as arthritis and osteoporosis, which will drive the demand for pain treatment therapies.
- Increasing incidence of chronic pain: The prevalence of chronic pain is increasing due to the aging population, rising obesity rates, and increasing number of people with lifestyle-related diseases such as diabetes and cancer. This will lead to an increase in the demand for pain treatment therapies in the coming years.
- Technological advancements: There has been a significant advancement in technologies used for diagnosing and treating chronic pain over the past few years. These advancements are likely to continue in the future, driving growth in this market segment..
Scope Of The Report
Report Attributes
Report Details
Report Title
Conventional and Alternative Pain Treatment Market Research Report
By Type
Electrotherapy, Spinal Cord Stimulator, Other Devices
By Application
Home Care, Hospice, Hospitals, Pain Clinics, Skilled Nursing Facilities
By Companies
Abbott Laboratories, Aphria Inc., Assertio Therapeutics, Baxter International, Boston Scientific Corp., Collegium Pharmaceuticals Inc., Cronos Group Inc., Eli Lilly, Grunenthal Gmbh, Horizon Therapeutics Plc, Johnson and Johnson, Pfizer Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Conventional and Alternative Pain Treatment Market Report Segments:
The global Conventional and Alternative Pain Treatment market is segmented on the basis of:
Types
Electrotherapy, Spinal Cord Stimulator, Other Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Care, Hospice, Hospitals, Pain Clinics, Skilled Nursing Facilities
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott Laboratories
- Aphria Inc.
- Assertio Therapeutics
- Baxter International
- Boston Scientific Corp.
- Collegium Pharmaceuticals Inc.
- Cronos Group Inc.
- Eli Lilly
- Grunenthal Gmbh
- Horizon Therapeutics Plc
- Johnson and Johnson
- Pfizer Inc.
Highlights of The Conventional and Alternative Pain Treatment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrotherapy
- Spinal Cord Stimulator
- Other Devices
- By Application:
- Home Care
- Hospice
- Hospitals
- Pain Clinics
- Skilled Nursing Facilities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Conventional and Alternative Pain Treatment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Conventional pain treatment typically involves the use of medications and surgery. Alternative pain treatments may include massage, acupuncture, chiropractic care, physical therapy or heat therapy.
Some of the major companies in the conventional and alternative pain treatment market are Abbott Laboratories, Aphria Inc., Assertio Therapeutics, Baxter International, Boston Scientific Corp., Collegium Pharmaceuticals Inc., Cronos Group Inc., Eli Lilly, Grunenthal Gmbh, Horizon Therapeutics Plc, Johnson and Johnson, Pfizer Inc..
The conventional and alternative pain treatment market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Conventional and Alternative Pain Treatment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Conventional and Alternative Pain Treatment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Conventional and Alternative Pain Treatment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Conventional and Alternative Pain Treatment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Conventional and Alternative Pain Treatment Market Size & Forecast, 2018-2028
4.5.1 Conventional and Alternative Pain Treatment Market Size and Y-o-Y Growth
4.5.2 Conventional and Alternative Pain Treatment Market Absolute $ Opportunity
Chapter 5 Global Conventional and Alternative Pain Treatment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Conventional and Alternative Pain Treatment Market Size Forecast by Type
5.2.1 Electrotherapy
5.2.2 Spinal Cord Stimulator
5.2.3 Other Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Conventional and Alternative Pain Treatment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Conventional and Alternative Pain Treatment Market Size Forecast by Applications
6.2.1 Home Care
6.2.2 Hospice
6.2.3 Hospitals
6.2.4 Pain Clinics
6.2.5 Skilled Nursing Facilities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Conventional and Alternative Pain Treatment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Conventional and Alternative Pain Treatment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Conventional and Alternative Pain Treatment Analysis and Forecast
9.1 Introduction
9.2 North America Conventional and Alternative Pain Treatment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Conventional and Alternative Pain Treatment Market Size Forecast by Type
9.6.1 Electrotherapy
9.6.2 Spinal Cord Stimulator
9.6.3 Other Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Conventional and Alternative Pain Treatment Market Size Forecast by Applications
9.10.1 Home Care
9.10.2 Hospice
9.10.3 Hospitals
9.10.4 Pain Clinics
9.10.5 Skilled Nursing Facilities
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Conventional and Alternative Pain Treatment Analysis and Forecast
10.1 Introduction
10.2 Europe Conventional and Alternative Pain Treatment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Conventional and Alternative Pain Treatment Market Size Forecast by Type
10.6.1 Electrotherapy
10.6.2 Spinal Cord Stimulator
10.6.3 Other Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Conventional and Alternative Pain Treatment Market Size Forecast by Applications
10.10.1 Home Care
10.10.2 Hospice
10.10.3 Hospitals
10.10.4 Pain Clinics
10.10.5 Skilled Nursing Facilities
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Conventional and Alternative Pain Treatment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Conventional and Alternative Pain Treatment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Conventional and Alternative Pain Treatment Market Size Forecast by Type
11.6.1 Electrotherapy
11.6.2 Spinal Cord Stimulator
11.6.3 Other Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Conventional and Alternative Pain Treatment Market Size Forecast by Applications
11.10.1 Home Care
11.10.2 Hospice
11.10.3 Hospitals
11.10.4 Pain Clinics
11.10.5 Skilled Nursing Facilities
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Conventional and Alternative Pain Treatment Analysis and Forecast
12.1 Introduction
12.2 Latin America Conventional and Alternative Pain Treatment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Conventional and Alternative Pain Treatment Market Size Forecast by Type
12.6.1 Electrotherapy
12.6.2 Spinal Cord Stimulator
12.6.3 Other Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Conventional and Alternative Pain Treatment Market Size Forecast by Applications
12.10.1 Home Care
12.10.2 Hospice
12.10.3 Hospitals
12.10.4 Pain Clinics
12.10.5 Skilled Nursing Facilities
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Conventional and Alternative Pain Treatment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Conventional and Alternative Pain Treatment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Conventional and Alternative Pain Treatment Market Size Forecast by Type
13.6.1 Electrotherapy
13.6.2 Spinal Cord Stimulator
13.6.3 Other Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Conventional and Alternative Pain Treatment Market Size Forecast by Applications
13.10.1 Home Care
13.10.2 Hospice
13.10.3 Hospitals
13.10.4 Pain Clinics
13.10.5 Skilled Nursing Facilities
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Conventional and Alternative Pain Treatment Market: Competitive Dashboard
14.2 Global Conventional and Alternative Pain Treatment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Laboratories
14.3.2 Aphria Inc.
14.3.3 Assertio Therapeutics
14.3.4 Baxter International
14.3.5 Boston Scientific Corp.
14.3.6 Collegium Pharmaceuticals Inc.
14.3.7 Cronos Group Inc.
14.3.8 Eli Lilly
14.3.9 Grunenthal Gmbh
14.3.10 Horizon Therapeutics Plc
14.3.11 Johnson and Johnson
14.3.12 Pfizer Inc.
