Pain Management Devices Market 2018 With International Key Players Like B Braun Melsungen AG, DJO Global LLC, Smiths Medical, Pfizer, Inc., Codman, Baxter, Boston Scientific and others
Pain Management Devices Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
(EMAILWIRE.COM, April 11, 2018 ) The pain management devices market is estimated to represent a global market of USD 8.1 billion by 2025 with growth rate of 10.9%. Pain is related with a wide range of injury or disease. Some disease conditions may have pain and associated symptoms arising from a discrete cause, like post-operative pain, malignancy, or as neuropathic pains or headaches. Growing awareness among patients regarding pain management devices coupled with favourable government initiatives in order to develop the pain management market, lead to augment the market growth.For example, drug pumps and neurostimulators have been covered under the Medicare, wherein around 80% of the total cost will be covered by the government. These will support the uptake of such devices hence drives the market growth. However, high cost will hamper the market growth.
The market is divided into products, and application. In terms of products, the market is segmented as Electrical Stimulators, Radiofrequency Ablation, Analgesic Infusion Pump and Neurostimulation Market.Neurostimulation segment is considered to be the largest market, accounted for more than USD 1,380 million in 2017. Growing number of Neurostimulation problems worldwide supported the market growth. Electrical stimulator is divided into Transcutaneous Electrical Nerve Stimulation (TENS) and others. Analgesic pumps is segmented into Intrathecal Infusion Pumps, and External Infusion Pumps. Whereas, neurostimulators categorized as Spinal Cord Stimulators, Deep Brain Stimulators and Sacral Neurostimulators.
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In terms of applications, the market is divided into oncology, neuropathic, musculoskeletal and others. Oncology segment captured significant share of the global market owing to the consistent increase in the cancer disease globally. Further, musculoskeletal and neuropathic application also considered to be growing at lucrative growth rate during the forecast period.
Geographically, North America captured 50.89% share of the global market in 2017. For example, according to the American Academy of Pain Medicine, millions of population suffer from chronic or acute pain every year which require immediate medical attention. According to the recent Institute of Medicine Report,(Blueprint for Transforming Prevention, Care, Education, and Research)this pain is a significant public health related problem and costs country US$560- US$635 billion annually, an amount equal US$2,000.00 for everyone living in the U.S. Further, increasing incidence of cancer and other disorders is considered to be the strong driver for the market growth.
Key companies such as B Braun Melsungen AG, DJO Global LLC, Smiths Medical, Pfizer, Inc., Codman, Baxter, Boston Scientific and others are operating in this market.
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The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2016 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2017 to 2025 for every reported segment.
The years considered for the study are:
Historical Year – 2014 & 2015
Base Year – 2016
Estimated Year – 2017
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, And Suppliers
Hospitals
Manufacturers
Government and Regional Agencies and Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCTS
Electrical Stimulators
Transcutaneous Electrical Nerve Stimulation (TENS)
Others
Radiofrequency Ablation
Analgesic Infusion Pump
Intrathecal Infusion Pumps
External Infusion Pumps
Neurostimulation
Spinal Cord Stimulators
Deep Brain Stimulators
Sacral Neurostimulators
MARKET, BY APPLICATION
Oncology
Neuropathic
Musculoskeletal
others
MARKET, BY REGION
North America
Europe
Asia Pacific
Rest of the World
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The market is divided into products, and application. In terms of products, the market is segmented as Electrical Stimulators, Radiofrequency Ablation, Analgesic Infusion Pump and Neurostimulation Market.Neurostimulation segment is considered to be the largest market, accounted for more than USD 1,380 million in 2017. Growing number of Neurostimulation problems worldwide supported the market growth. Electrical stimulator is divided into Transcutaneous Electrical Nerve Stimulation (TENS) and others. Analgesic pumps is segmented into Intrathecal Infusion Pumps, and External Infusion Pumps. Whereas, neurostimulators categorized as Spinal Cord Stimulators, Deep Brain Stimulators and Sacral Neurostimulators.
FREE | Request Sample Copy is Available at http://www.reportsweb.com/inquiry&RW00011327808/sample
In terms of applications, the market is divided into oncology, neuropathic, musculoskeletal and others. Oncology segment captured significant share of the global market owing to the consistent increase in the cancer disease globally. Further, musculoskeletal and neuropathic application also considered to be growing at lucrative growth rate during the forecast period.
Geographically, North America captured 50.89% share of the global market in 2017. For example, according to the American Academy of Pain Medicine, millions of population suffer from chronic or acute pain every year which require immediate medical attention. According to the recent Institute of Medicine Report,(Blueprint for Transforming Prevention, Care, Education, and Research)this pain is a significant public health related problem and costs country US$560- US$635 billion annually, an amount equal US$2,000.00 for everyone living in the U.S. Further, increasing incidence of cancer and other disorders is considered to be the strong driver for the market growth.
Key companies such as B Braun Melsungen AG, DJO Global LLC, Smiths Medical, Pfizer, Inc., Codman, Baxter, Boston Scientific and others are operating in this market.
Check for Discount at http://www.reportsweb.com/inquiry&RW00011327808/discount
The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2016 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2017 to 2025 for every reported segment.
The years considered for the study are:
Historical Year – 2014 & 2015
Base Year – 2016
Estimated Year – 2017
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, And Suppliers
Hospitals
Manufacturers
Government and Regional Agencies and Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCTS
Electrical Stimulators
Transcutaneous Electrical Nerve Stimulation (TENS)
Others
Radiofrequency Ablation
Analgesic Infusion Pump
Intrathecal Infusion Pumps
External Infusion Pumps
Neurostimulation
Spinal Cord Stimulators
Deep Brain Stimulators
Sacral Neurostimulators
MARKET, BY APPLICATION
Oncology
Neuropathic
Musculoskeletal
others
MARKET, BY REGION
North America
Europe
Asia Pacific
Rest of the World
Inquire before Buying at http://www.reportsweb.com/inquiry&RW00011327808/buying
About ReportsWeb:
ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
Contact Us:
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results