Market Overview:
The global pain management devices market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of chronic pain, technological advancements in pain management devices, and rising demand for minimally invasive procedures. The neuromodulation devices segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing use of neuromodulation devices for treating various types of chronic pain, such as neuropathic pain, cancer pain, facial pain and migraine, and musculoskeletalpain. In terms of application, the neuropathicpain segment is expectedto grow at a higher CAGR than other segments duringthe forecast period. This can be attributed tobethe high prevalenceof neuropathicpain acrossthe worldand growing demandfor effective treatment options for this typeofpain.
Product Definition:
A pain management device is a tool used to help manage pain. They can range from simple things like ice packs and heating pads, to more complex devices like nerve stimulators. Pain management devices are important because they can help people manage their pain more effectively, which can improve their quality of life.
Neuromodulation Devices:
Neuromodulation devices are used to alter, control or modify the electrical activity of a brain. They are capable of changing the threshold for pain perception, memory and other cognitive functions by altering neural circuits. Neuromodulation is classified into two types: Transcranial Electrical Motor Evoked Potentials (TCeMEP) and transcranial magnetic stimulation (TCMS).
Ablation Devices:
Ablation is a surgical procedure that involves the surgical excision of body parts or tissues. Ablation devices are used in pain management procedures to reduce chronic and acute pain. The most commonly ablated body parts include nerves, tendons, and other tissues; however, it can also be done on bones or teeth.
Application Insights:
The others segment held the largest share of the global pain management devices market in 2017. This is due to various chronic conditions that require long-term treatment and a high number of surgical procedures that result in pain. The cancer pain segment is expected to grow at a lucrative rate during the forecast period owing to increasing cases of cancer across the globe. According to data published by WHO, it has been estimated that globally, around 1 in 6 people will develop cancer during their lifetime and this number is expected to increase further considering current trends.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing cases of chronic pain and other disorders, presence of well-established healthcare facilities, availability of highly skilled physicians, and high adoption rate for technologically advanced devices. Moreover, favorable reimbursement policies are also aiding in growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with growing awareness about various treatment options available for pain management. In addition, increase in incidence of neuropathic pain due to diabetes or peripheral nerve injury may propel regional market during the estimated time span; whereas rise in cancer cases will boost demand for opioid analgesics which can be treated by these devices as well thus driving this regional market forward.
Growth Factors:
- Increasing geriatric population: The global population of people aged 60 years and above is estimated to increase from 901 million in 2010 to 1.5 billion by 2050, according to the United Nations Department of Economic and Social Affairs (UNDESA). This growing segment of the population is more susceptible to chronic pain conditions, such as arthritis and osteoporosis. As a result, there is an increasing demand for pain management devices that can provide relief from these conditions.
- Rising incidence of chronic diseases: The prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease is on the rise globally due to changing lifestyles and aging populations. These diseases are often accompanied by debilitating pain that requires treatment with specialized devices or therapies. Thus, there is a growing demand for innovative pain management devices that can help improve the quality of life for patients suffering from chronic illnesses.
- Advances in technology: Technological advances have led to the development of new types of pain management devices that are more effective and easier to use than traditional treatments options like drugs or surgery . For example, nerve stimulation therapy has been shown to be an effective treatment for various formsof chronicpain , including neuropathicpain . This therapy involves using electrical impulses delivered through electrodes placed on the skin near affected nerves in order totarget themand block their transmissionofpain signalstothe brain . Other technological advances that are being used in Pain Management Devices market include advanced imaging techniques like magnetic resonance imaging (MRI)
Scope Of The Report
Report Attributes
Report Details
Report Title
Pain Management Devices Market Research Report
By Type
Neuromodulation Devices, Ablation Devices, Analgesic Infusion Pumps, Others
By Application
Neuropathic Pain, Cancer Pain, Facial Pain and Migraine, Musculoskeletal Pain, Others
By Companies
Medtronic, Abbott, Boston Scientific, Hospira, Halyard Health, Smiths Medical, B. Braun Melsungen, Theragen, Becton, Dickinson and Company, Nevro, Medtronic
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Pain Management Devices Market Report Segments:
The global Pain Management Devices market is segmented on the basis of:
Types
Neuromodulation Devices, Ablation Devices, Analgesic Infusion Pumps, Others
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
Neuropathic Pain, Cancer Pain, Facial Pain and Migraine, Musculoskeletal Pain, Others
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:
- Medtronic
- Abbott
- Boston Scientific
- Hospira
- Halyard Health
- Smiths Medical
- B. Braun Melsungen
- Theragen
- Becton, Dickinson and Company
- Nevro
- Medtronic
Highlights of The Pain Management Devices 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:
- Neuromodulation Devices
- Ablation Devices
- Analgesic Infusion Pumps
- Others
- By Application:
- Neuropathic Pain
- Cancer Pain
- Facial Pain and Migraine
- Musculoskeletal Pain
- Others
- 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 Pain Management Devices 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.
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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?
Pain management devices are medical devices that are used to reduce or eliminate pain. They can be worn on the body, injected into the body, or taken by mouth.
Some of the key players operating in the pain management devices market are Medtronic, Abbott, Boston Scientific, Hospira, Halyard Health, Smiths Medical, B. Braun Melsungen, Theragen, Becton, Dickinson and Company, Nevro, Medtronic.
The pain management devices market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pain Management Devices 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 Pain Management Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Pain Management Devices 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 Pain Management Devices 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 Pain Management Devices Market Size & Forecast, 2018-2028 4.5.1 Pain Management Devices Market Size and Y-o-Y Growth 4.5.2 Pain Management Devices Market Absolute $ Opportunity
Chapter 5 Global Pain Management Devices 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 Pain Management Devices Market Size Forecast by Type
5.2.1 Neuromodulation Devices
5.2.2 Ablation Devices
5.2.3 Analgesic Infusion Pumps
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pain Management Devices 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 Pain Management Devices Market Size Forecast by Applications
6.2.1 Neuropathic Pain
6.2.2 Cancer Pain
6.2.3 Facial Pain and Migraine
6.2.4 Musculoskeletal Pain
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pain Management Devices 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 Pain Management Devices 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 Pain Management Devices Analysis and Forecast
9.1 Introduction
9.2 North America Pain Management Devices 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 Pain Management Devices Market Size Forecast by Type
9.6.1 Neuromodulation Devices
9.6.2 Ablation Devices
9.6.3 Analgesic Infusion Pumps
9.6.4 Others
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 Pain Management Devices Market Size Forecast by Applications
9.10.1 Neuropathic Pain
9.10.2 Cancer Pain
9.10.3 Facial Pain and Migraine
9.10.4 Musculoskeletal Pain
9.10.5 Others
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 Pain Management Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Pain Management Devices 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 Pain Management Devices Market Size Forecast by Type
10.6.1 Neuromodulation Devices
10.6.2 Ablation Devices
10.6.3 Analgesic Infusion Pumps
10.6.4 Others
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 Pain Management Devices Market Size Forecast by Applications
10.10.1 Neuropathic Pain
10.10.2 Cancer Pain
10.10.3 Facial Pain and Migraine
10.10.4 Musculoskeletal Pain
10.10.5 Others
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 Pain Management Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pain Management Devices 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 Pain Management Devices Market Size Forecast by Type
11.6.1 Neuromodulation Devices
11.6.2 Ablation Devices
11.6.3 Analgesic Infusion Pumps
11.6.4 Others
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 Pain Management Devices Market Size Forecast by Applications
11.10.1 Neuropathic Pain
11.10.2 Cancer Pain
11.10.3 Facial Pain and Migraine
11.10.4 Musculoskeletal Pain
11.10.5 Others
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 Pain Management Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Pain Management Devices 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 Pain Management Devices Market Size Forecast by Type
12.6.1 Neuromodulation Devices
12.6.2 Ablation Devices
12.6.3 Analgesic Infusion Pumps
12.6.4 Others
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 Pain Management Devices Market Size Forecast by Applications
12.10.1 Neuropathic Pain
12.10.2 Cancer Pain
12.10.3 Facial Pain and Migraine
12.10.4 Musculoskeletal Pain
12.10.5 Others
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) Pain Management Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pain Management Devices 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) Pain Management Devices Market Size Forecast by Type
13.6.1 Neuromodulation Devices
13.6.2 Ablation Devices
13.6.3 Analgesic Infusion Pumps
13.6.4 Others
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) Pain Management Devices Market Size Forecast by Applications
13.10.1 Neuropathic Pain
13.10.2 Cancer Pain
13.10.3 Facial Pain and Migraine
13.10.4 Musculoskeletal Pain
13.10.5 Others
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 Pain Management Devices Market: Competitive Dashboard
14.2 Global Pain Management Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott
14.3.3 Boston Scientific
14.3.4 Hospira
14.3.5 Halyard Health
14.3.6 Smiths Medical
14.3.7 B. Braun Melsungen
14.3.8 Theragen
14.3.9 Becton, Dickinson and Company
14.3.10 Nevro
14.3.11 Medtronic