Overview

Pain Management Devices Market is projected to value over USD 8 billion by 2027 end with a CAGR of over 9.3% during the forecast period 2020 to 2027.

Physicians high prescribe electric stimulation, infusion pumps and neurostimulation in eradicating appalling pain. As per the data provided by the CDC, 2016, over 20% of the population in the United States were diagnosed with chronic pain. Neurostimulation works on the alteration and modulation of the nerve activity using electrical stimulations. The Transcutaneous Electric Nerve Stimulation (TENS) has a similar operational procedure but in case of spinal cord stimulation, the device placement is different than the TENS procedure as it is implanted in the patient’s body while the TENS are planted on the skin of the patient. Such a rising prevalence of appalling pain conditions such augment the pain management devices market growth.

Pain Management Devices Market

Market Segmentation:

By Product Type
•    Electrical Stimulation Devices 
•    RF Ablation Devices 
•    Neuromodulation Devices
•    Infusion Pumps
By Application
•    Neuropathy
•    Brain Cancer
•    Musculoskeletal 
•    Others
By End User 
•    Hospitals & Clinics
•    Physiotherapy Centers 
•    Others
By Region
•    North America
•    Europe
•    Asia-Pacific
•    Latin America
•    Middle East and Africa

The market is categorised into product type, application, end user and region. The product type segment is classified into electrical stimulation devices, RF ablation devices, neuromodulation devices and infusion pumps. The neuromodulation devices segment is predicted to hold the largest pain management devices market share owing to its increased usage amongst healthcare professionals. The neuromodulation devices include dorsal ganglion stimulation, deep brain stimulation, spinal cord system and others. Devices like deep brain stimulators are used for treating Parkinson’s disease, dystonia and essential tremor. Application-wise, the market is fragmented into neuropathy, brain cancer, musculoskeletal and others while the end user segment is classified into hospitals and clinics, physiotherapy centres and others. The hospitals and clinics segment is anticipated to lead the market and this can be credited to the higher usage of pain management devices for treating many pain conditions in hospitals. 

Regional Analysis:

The North America region is expected to dominate the market owing to the rapid adoption of these devices, increased per capital income, soaring insistence for drug-free therapies. As per the data provided by the International Neuromodulation Society, the number of approvals awarded by the FDA to the neuromodulation devices has grown by over 35% in the last ten years. 

Competitive Landscape:                            

The key players of the market are Medtronic, Boston Scientific Corp., LivaNova, Abbott, DJO Global LLC, SPR Therapeutics, Nevro Corp.

FutureWise Key Takeaways:

•    Growth prospects
•    SWOT analysis 
•    Key market trends 
•    Key data-points affecting market growth

Objectives of the Study:

•    To provide with an exhaustive analysis on the global pain management devices market by product, by application, by end user and by region
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
•    To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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•    We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
•    The customization Mobility Care offered are free of charge with purchase of any license of the report
•    You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

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What you get


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What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics