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Global Pain Management Devices Market: By Type: Neurostimulation Devices, Ablation Devices, Analgesic Infusion Pumps; By Mode of Purchase: OTC, Prescription-Based; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Pain Management Devices Market Outlook
The global pain management devices market is expected to grow at a CAGR of 9% in the forecast period of 2021-2026 to reach a value of approximately USD 14.5 billion by 2026.
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Increasing Demand for Neurostimulation Devices to Augment the Pain Management Devices Industry Growth
Based on type, the neurostimulation devices sector accounts for a significant share in the pain management devices industry. This can be attributed to the rise in the number of diabetic patients. Further, the rise in geriatric population can be linked to the growth. The rising consumer disposable income, particularly in developing nations, is significantly contributing to the growth of the segment.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Pain Management Devices Industry
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the rise in chronic diseases, such as diabetes and cancer. Furthermore, the presence of large population in countries like India and China is expected to significantly contribute to the industry growth in the forecast period.
Pain Management Devices: Industry Definition and Segmentation
Pain Management is a branch of medicine that uses an interdisciplinary approach for easing the suffering and improving the quality of life of those living with chronic pain. Pain sometimes resolves quickly once the underlying trauma or pathology has healed, and is treated by one practitioner, with drugs such as analgesics and (occasionally) anxiolytics.
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By type, the market is divided into:
- Neurostimulation Devices
- Transcutaneous Electrical Nerve Stimulation (TENS) Devices
- Spinal Cord Stimulation (SCS) Devices
- Ablation Devices
- RF Ablation Devices
- Cryoablation Devices
- Analgesic Infusion Pumps
- Internal
- External
Based on mode of purchase, the industry can be segmented into:
- OTC
- Prescription-Based
The market is divided based on application into:
- Neuropathic Pain
- Cancer Pain
- Facial Pain and Migraine
- Musculoskeletal Pain
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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High Prevalence of Diabetes to Bolster the Growth of the Pain Management Devices Industry
With the increase in the number of diabetic patients, the demand for pain management devices is at an all-time high. A lot of patients have felt relief after using these devices. This has led to a growth of the pain management devices industry. Additionally, neurostimulation devices like transcutaneous electrical nerve stimulation (TENS) devices have shown a lot of promise for pain relief for patients with neuropathic as well as spinal cord injury. This is further driving the growth of the pain management devices industry.
Over the forecast period, increasing demand for OTC as well as TENS is expected to favour the industry growth. The growing prevalence of lifestyle disorders and the rising cancer cases is expected to be a major trend in the coming years.
Key Industry Players in the Global Pain Management Devices Market
The report gives a detailed analysis of the following key players in the global pain management devices market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Abbott Laboratories
- Becton, Dickinson and Company
- Boston Scientific Corporation
- B. Braun Melsungen AG
- Johnson & Johnson Services, Inc
- Medtronic Plc
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Pain Management Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Pain Management Devices Historical Market (2016-2020)
8.3 Global Pain Management Devices Market Forecast (2021-2026)
8.4 Global Pain Management Devices Market by Type
8.4.1 Neurostimulation Devices
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.1.4 Breakup by Type
8.4.1.4.1 Transcutaneous Electrical Nerve Stimulation (TENS) Devices
8.4.1.4.2 Spinal Cord Stimulation (SCS) Devices
8.4.2 Ablation Devices
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.2.4 Breakup by Type
8.4.2.4.1 RF Ablation Devices
8.4.2.4.2 Cryoablation Devices
8.4.3 Analgesic Infusion Pumps
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.3.4 Breakup by Type
8.4.3.4.1 Internal
8.4.3.4.2 External
8.5 Global Pain Management Devices Market by Mode of Purchase
8.5.1 OTC
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Prescription-Based
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Pain Management Devices Market by Application
8.6.1 Neuropathic Pain
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Cancer Pain
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Facial Pain and Migraine
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Musculoskeletal Pain
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Others
8.7 Global Pain Management Devices Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Abbott Laboratories
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Becton, Dickinson and Company
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Boston Scientific Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 B. Braun Melsungen AG
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Johnson & Johnson Services, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Medtronic Plc
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Pain Management Devices Market: Key Industry Highlights, 2016 and 2026
2. Global Pain Management Devices Historical Market: Breakup by Type (USD Billion), 2016-2020
3. Global Pain Management Devices Market Forecast: Breakup by Type (USD Billion), 2021-2026
4. Global Pain Management Devices Historical Market: Breakup by Mode of Purchase (USD Billion), 2016-2020
5. Global Pain Management Devices Market Forecast: Breakup by Mode of Purchase (USD Billion), 2021-2026
6. Global Pain Management Devices Historical Market: Breakup by Application (USD Billion), 2016-2020
7. Global Pain Management Devices Market Forecast: Breakup by Application (USD Billion), 2021-2026
8. Global Pain Management Devices Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Pain Management Devices Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Pain Management Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Pain Management Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Pain Management Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Pain Management Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Pain Management Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Pain Management Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Pain Management Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Pain Management Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Pain Management Devices Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Pain Management Devices Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Global Pain Management Devices Market Structure
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