Pain Management Devices Market by Device Type (Neurostimulation Devices, Ablation Devices and Analgesic Infusion Pumps)
by Application (Cancer, Neuropathic pain, Musculoskeletal, Migraine and Facial), by Mode of Purchase (OTC, Prescription-Based)
(EMAILWIRE.COM, April 03, 2018 ) Pain Management Devices Market was worth USD 3.11 billion in 2016, and is expected to grow at a CAGR of 8.6%, to reach USD 4.7 billion by 2021. Pain is caused due to the unpleasant sensory stimulation caused due to damage to the tissues by any means. It is majorly caused by injuries as well as in case of diseases such as arthritis, ulcers, cancer and multiple sclerosis. Acute pain is caused for very short period of time whereas chronic pain is persistent for extended time periods.
Several drugs and devices are available in the market to assist in pain management. These devices work by blocking the nerve stimulators by transmitting the unpleasant sensory experience to the brain. Neurostimulation devices, ablation devices and analgesic infusion pumps are some of the pain management devices. Neuro stimulators block pain by supplying certain frequencies of current to prevent the passage of signals.
Increase in demand for alternatives for pain management drugs which cause many side effects, large number of patients with chronic diseases especially in geriatric population and technological advancements to develop better pain management devices are expected to drive the market. Increase in cancer patients and increase in neuropathic diseases are also boosting the pain management devices market. However, side effects associated with the use of these devices such as hyper sensitivity and redness of skin and high manufacturing costs are restraining the market.
Get a comprehensive overview of the Market: https://www.marketdataforecast.com/market-reports/pain-management-devices-market-3585/
The global pain management devices market is categorized based on device type, application, mode of purchase and region. On the basis of device type, the market is categorized into neurostimulation devices, ablation devices and analgesic infusion pumps. Neurostimulation devices are again categorized into Transcutaneous Electrical Nerve Stimulation devices and Spinal Cord Stimulation devices. Ablation devices are again categorized into Radiofrequency ablation devices and cryo ablation devices. Analgesic infusion pumps are again categorized into intrathecal infusion pumps and external infusion pumps. Neurostimulation devices hold the largest market share due to their extensive usage in chronic pain management. On the basis of application, the market is categorized into Neuropathic pain, Facial pain and migraine, musculoskeletal pain, cancer pain and other pains. On the basis of mode of purchase, the market is categorized into over the counter purchase and prescription based purchase.
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On the basis of region, the pain management devices market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America dominates the global pain management devices market due to the growing number of people using these devices and also due to the development of healthcare infrastructure in this region. Asia Pacific market is expected to grow at a rapid pace due to the large number of aging population in this region.
Some of the major companies in the market are St. Jude Medical, Inc., Boston Scientific Corporation, Medtronic plc, Baxter international, Stryker corporation, Pfizer, Codman and Shurtleff, B Braun Melsungen AG and DJO Global LLC.
scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.
Several drugs and devices are available in the market to assist in pain management. These devices work by blocking the nerve stimulators by transmitting the unpleasant sensory experience to the brain. Neurostimulation devices, ablation devices and analgesic infusion pumps are some of the pain management devices. Neuro stimulators block pain by supplying certain frequencies of current to prevent the passage of signals.
Increase in demand for alternatives for pain management drugs which cause many side effects, large number of patients with chronic diseases especially in geriatric population and technological advancements to develop better pain management devices are expected to drive the market. Increase in cancer patients and increase in neuropathic diseases are also boosting the pain management devices market. However, side effects associated with the use of these devices such as hyper sensitivity and redness of skin and high manufacturing costs are restraining the market.
Get a comprehensive overview of the Market: https://www.marketdataforecast.com/market-reports/pain-management-devices-market-3585/
The global pain management devices market is categorized based on device type, application, mode of purchase and region. On the basis of device type, the market is categorized into neurostimulation devices, ablation devices and analgesic infusion pumps. Neurostimulation devices are again categorized into Transcutaneous Electrical Nerve Stimulation devices and Spinal Cord Stimulation devices. Ablation devices are again categorized into Radiofrequency ablation devices and cryo ablation devices. Analgesic infusion pumps are again categorized into intrathecal infusion pumps and external infusion pumps. Neurostimulation devices hold the largest market share due to their extensive usage in chronic pain management. On the basis of application, the market is categorized into Neuropathic pain, Facial pain and migraine, musculoskeletal pain, cancer pain and other pains. On the basis of mode of purchase, the market is categorized into over the counter purchase and prescription based purchase.
Request for Sample Brochure: https://www.marketdataforecast.com/market-reports/pain-management-devices-market-3585/request-sample
On the basis of region, the pain management devices market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America dominates the global pain management devices market due to the growing number of people using these devices and also due to the development of healthcare infrastructure in this region. Asia Pacific market is expected to grow at a rapid pace due to the large number of aging population in this region.
Some of the major companies in the market are St. Jude Medical, Inc., Boston Scientific Corporation, Medtronic plc, Baxter international, Stryker corporation, Pfizer, Codman and Shurtleff, B Braun Melsungen AG and DJO Global LLC.
scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results