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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.

 

Global Pain Management Devices Market

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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.

 

Global Pain Management Devices Market By Application

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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.

 

Global Pain Management Devices Market By Region

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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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