Tag Archives: Pain Management Devices Market

Pain management devices Market segments and Key Trends 2017-2023

Americas Wearable Medical Device Market

Market Research Future adds new report of “Pain management devices Market Research Report” it contains Company information, geographical data and Table of Content

Global pain management devices market research report, type (stimulators, transcutaneous electrical nerve stimulation devices, pumps, ablation devices), application (cancer pain, musculoskeletal pain, migraine and other) – Forecast Till 2023

Get a Copy of Sample Report @ https://www.marketresearchfuture.com/sample_request/1504

Market Scenario:

Pain Management Devices Market: B. Braun Melsungen AG, Theragen LLC, Nevro Corp., BD, Baxter, DJO LLC, Smiths Medical, KCWW, DePuy Synthes, Stryker

The report Global Pain Management Devices Market accounted to USD 4.02 billion in 2016 growing at a CAGR of 8.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Short Description of Global Pain Management Devices Market:

Pain management devices Market- Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2017–2023

Pain management devices Market
Market Research Future adds new report of “Pain management devices Market Research Report” it contains Company information, geographical data and Table of Content

Global pain management devices market research report, type (stimulators, transcutaneous electrical nerve stimulation devices, pumps, ablation devices), application (cancer pain, musculoskeletal pain, migraine and other) – Forecast Till 2023

Get a Copy of Sample Report @ https://www.marketresearchfuture.com/sample_request/1504

Market Scenario:

Pain Management Devices Market Outlook Key Analysis and Forecast by 2023

The dynamic nature and immense potential held by the global pain management devices market have created high competitive rivalry among key players, observes Transparency Market Research (TMR) in a new study. Companies such as St. Jude Medical Inc., Medtronic PLC, and Boston Scientific Corp. are the torch bearers in the global arena, owing to the excellent distribution channels and extensive supply capabilities. This, along with their diversified product portfolio, ensure their prominence in the market.

Pain Management Devices Market: Asia Pacific to Emerge as Regional Market with Most Promising Growth Opportunities

Pain management devices are products that are used for medical purposes to manage pain in patients who are suffering from any kind of acute pain or chronic pain. These devices are widely used to treat arthritis, cancer, and neuropathic pain. Pain management devices are available in implantable as well as non-implantable forms. In 2014, the global pain management devices market stood at US$3.2 bn and is anticipated to reach US$6.3 bn by the end of 2023. The market is expected to exhibit a 7.60% CAGR between 2015 and 2023.

Pain Management Devices Market Outlook Key Analysis and Forecast by 2023

With billions of people suffering from chronic pain worldwide, the condition not only stresses healthcare budgets but also leads to lost productive time every year. The need to provide timely and effective treatment for pain will fuel the global pain management market until 2023, says Transparency Market Research in a latest report. According to the report, the Pain Management Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 will post a compounded annual growth rate of 7.6% between 2015 and 2023 as it grows in size from US$3.2 bn in 2014 to US$6.3 bn by the end of 2023.

Growing Prevalence of Chronic Medical Conditions Boosts Demand for Pain Management Devices Market

The competition in the global pain management therapeutics market is intense owing to the presence of leading players with diversified products, states Transparency Market Research (TMR) in a research report. The market is expected to be highly saturated in the coming years owing to the high presence of conventional medicines accounting for over two-third of the global market for pain management therapeutics. Due to this several medium scale and small generic manufacturers of drugs are likely to venture into the market and make it highly competitive in the near future.

Global Pain Management Devices Market to Expand at CAGR of 7.60% from 2015 to 2023

Patients suffering from chronic medical conditions such as cancer, diabetes, and obesity are highly susceptible to chronic pains and therefore, their increasing prevalence is providing tremendous momentum to the global pain management devices market. According to various scientific articles published in BioMed Central, over 20% of the adult global population suffers from chronic pain and 10% population are newly diagnosed with chronic pain each year. Changing demographics and widening pool of global geriatric population are bringing a large chunk of population under the chronic illness category. This is, thereby, augmenting the global market.

Global Pain Management Devices Market to Expand at CAGR of 7.60% from 2015 to 2023

The dynamic nature of the global market for pain management devices has set in motion strong competition between players. The top three participants, namely Medtronic Plc, St. Jude Medical Inc., and Boston Scientific Corp. collectively accounted for more than 72% of the overall market in 2014, reports Transparency Market Research (TMR) in a new study.

These companies boast of superior distribution channels and ample supply capabilities that ensure easy availability of their products, validating their lead in this market. However, a large number of medical device manufacturers are looking to venture into the pain management sector, which is projected to intensify the competition and change the current dynamics in the coming years.

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