Market Overview:
The global pain monitoring device market is expected to grow at a CAGR of 5.5% 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. Based on type, the global pain monitoring device market is segmented into radiofrequency ablation devices, neurostimulators, and others. Radiofrequency ablation devices are further sub-segmented into thermal RF ablation systems and non-thermal RF ablation systems. Neurostimulators are further sub-segmented into spinal cord stimulators (SCS), deep brain stimulators (DBS), sacral nerve root stimulators (SRNS), gastric electrical stimulator (GES), and other neurostimulators. Others include analgesic pumps and local anesthetics delivery systems. Based on application, the global pain management device market is segmented into hospitals, clinics, ambulatory surgical centers (ASCs), and others. Hospitals are further divided into general hospitals and specialty hospitals such as cancer hospitals or orthopedic hospitals). Clinics are also subdivided into primary care clinicsand specialty clinics such as dental clinics or eye clinics). Ambulatory surgical centers are classified as freestanding ASCs or hospital outpatient departments (HOPDs). Others include home care settingsand long-term care facilities such as nursing homes or assisted living facilities.
Product Definition:
A pain monitoring device is a medical device used to measure and monitor pain. The importance of pain monitoring devices is that they allow health care providers to accurately measure and track the level of pain a patient is experiencing in order to provide appropriate treatment.
Radiofrequency Ablation Device:
The radiofrequency ablation device is a medical procedure used to destroy or remove parts of the body. It uses high-intensity focused ultrasound (HIFU) or microwave energy to vaporize and coagulate tissues without causing any damage to the surrounding area. The major advantage of this technique is that there is very little bleeding after the treatment, which makes it an ideal choice for patients who are against undergoing surgical procedures.
Neurostimulators:
Neurostimulators are medical devices that help in reducing or eliminating pain by sending regular and mild electrical impulses to the brain. It is mainly used for chronic pain, but it can also be used for acute pain. The device works on the principle of neuroplasticity which means that it changes the way nerve cells communicate with each other thereby resulting in reduced or eliminated pain.
The global Neurostimulators.
Application Insights:
The clinics segment dominated the global pain monitoring device market in 2017. This is attributed to factors such as increasing awareness about chronic pain and growing preference for non-invasive treatment options. Radiofrequency ablation, spinal cord stimulators, deep brain stimulation and neurostimulators are some of the commonly used devices in this application segment.
However, hospitals are expected to emerge as the fastest-growing segment over the forecast period owing to a rise in demand for advanced pain management techniques by medical professionals across the globe. The use of these devices has increased significantly due to their benefits such as precise targeting of nerves resulting in lesser potential side effects compared with other conventional methods of pain management like medication or surgery. These advantages have resulted in an increase in hospital usage which is expected to drive growth over forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to a high number of chronic pain patients, availability of sophisticated healthcare infrastructure, and rising adoption of technologically advanced products. Moreover, increasing government initiatives for R&D activities pertaining to chronic pain management is also expected to drive growth during the forecast period. For instance, in May 2018, Opioid Analgesic Drug Abuse Reduction Act was passed by U.S. Congress that aims at preventing over prescription of opioid drugs which eventually leads to abuse and addiction.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period due its rapidly developing economy coupled with growing awareness about chronic pain management among patients suffering from various conditions such as arthritis & rheumatism or cancer etc., Growing geriatric population will further boost market development in this region since it increases susceptibility towards various diseases including neuropathic Pain (NP).
Growth Factors:
- Increasing incidence of chronic pain: The global prevalence of chronic pain is estimated to be around 20%, and it is projected to increase to 30% by 2030. This will create a large pool of patients who will require treatment, thereby driving the demand for pain monitoring devices.
- Growing awareness about the benefits of early diagnosis and treatment: There is growing awareness among healthcare professionals and patients about the benefits of early diagnosis and treatment for various diseases, including chronic pain. This is likely to drive the demand for pain monitoring devices in the coming years.
- Technological advancements: The development of new technologies has led to the introduction of innovative and advanced pain monitoring devices, such as wearable sensors and smart patches. This is expected to boost the growth prospects of this market in the coming years.
- Rising geriatric population: The global geriatric population (aged 65 years or above) is increasing at a rapid pace due to improvements in healthcare infrastructure and lifestyle changes across regions worldwide .This will lead to an increase in casesof age-related health conditions such as chronicpain, which will create a high demandforpain managementdevices overthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Pain Monitoring Device Market Research Report
By Type
Radiofrequency Ablation Device, Neurostimulators, Others
By Application
Hospitals, Clinics, Ambulatory Surgical Centers
By Companies
Medasense Biometrics, Delta Medical International, AngioDynamics, Medtronic, Stryker, Abbott, Mdoloris Medical Systems
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Pain Monitoring Device Market Report Segments:
The global Pain Monitoring Device market is segmented on the basis of:
Types
Radiofrequency Ablation Device, Neurostimulators, 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
Hospitals, Clinics, Ambulatory Surgical Centers
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:
- Medasense Biometrics
- Delta Medical International
- AngioDynamics
- Medtronic
- Stryker
- Abbott
- Mdoloris Medical Systems
Highlights of The Pain Monitoring Device 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:
- Radiofrequency Ablation Device
- Neurostimulators
- Others
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- 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 Monitoring Device 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A pain monitoring device is a medical device that monitors the level of pain experienced by a patient. It can be used to help treat conditions such as chronic pain, post-operative pain, and cancer-related pain.
Some of the major companies in the pain monitoring device market are Medasense Biometrics, Delta Medical International, AngioDynamics, Medtronic, Stryker, Abbott, Mdoloris Medical Systems.
The pain monitoring device market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pain Monitoring Device 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 Monitoring Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pain Monitoring Device 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 Monitoring Device 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 Monitoring Device Market Size & Forecast, 2020-2028
4.5.1 Pain Monitoring Device Market Size and Y-o-Y Growth
4.5.2 Pain Monitoring Device Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Radiofrequency Ablation Device
5.2.2 Neurostimulators
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pain Monitoring Device 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 Monitoring Device 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Radiofrequency Ablation Device
9.6.2 Neurostimulators
9.6.3 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 Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Radiofrequency Ablation Device
10.6.2 Neurostimulators
10.6.3 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 Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Radiofrequency Ablation Device
11.6.2 Neurostimulators
11.6.3 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 Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Radiofrequency Ablation Device
12.6.2 Neurostimulators
12.6.3 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 Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Radiofrequency Ablation Device
13.6.2 Neurostimulators
13.6.3 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) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
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 Monitoring Device Market: Competitive Dashboard
14.2 Global Pain Monitoring Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medasense Biometrics
14.3.2 Delta Medical International
14.3.3 AngioDynamics
14.3.4 Medtronic
14.3.5 Stryker
14.3.6 Abbott
14.3.7 Mdoloris Medical Systems
