Global Pain Management Device Market Report Overview
TechSci Research presents a comprehensive report titled “Pain Management Device Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” which delves into the anticipated growth of the Global Pain Management Device Market in the forecast period from 2024 to 2028. This market expansion can be attributed to several key factors.
Factors Driving Market Growth
- Rising Healthcare Awareness and Spending: The global market for pain management devices is poised for impressive growth due to the increasing awareness of healthcare and heightened healthcare spending worldwide.
- Growing Geriatric Population: The global increase in the geriatric population contributes significantly to the market’s growth, given the higher prevalence of pain-related conditions in this demographic.
- Lifestyle-Related Diseases: The upsurge in lifestyle-related diseases has created a greater demand for pain management devices as part of comprehensive treatment plans.
- Neuropathic Disorders: The prevalence of neuropathic disorders has increased, driving the demand for devices that alleviate associated pain.
- Chronic Pain Treatment: The escalating use of pain management devices in the treatment of chronic pain conditions further propels market growth.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on “Global Pain Management Device Market” – https://www.techsciresearch.com/report/pain-management-device-market/14605.html
Challenges Faced by the Market
Despite the promising growth prospects, the Global Pain Management Device Market faces certain challenges in the forecast period:
- Lack of Awareness: In some regions, there is a lack of awareness regarding pain management devices, which can hinder their adoption and use.
- Dearth of Pain Clinics: Various countries experience a shortage of pain clinics, limiting access to specialized pain management services.
- Skilled Expertise Shortage: The scarcity of skilled experts proficient in managing pain management devices can impede the effective utilization of these devices.
- High Device Costs: The high cost associated with pain management devices may pose a barrier to market growth.
Market Segmentation
The Global Pain Management Device Market is segmented based on various factors:
- Product: The market can be categorized into four main product types:
- Electrical Stimulators
- Radiofrequency Ablation (RFA)
- Analgesic Infusion Pumps
- Neurostimulation Neurostimulation is expected to dominate the market in 2022 and maintain its dominance throughout the forecast period. Factors such as increasing neurological disorders, chronic pain, epilepsy, movement disorders, depression, growing aging population, rising product demand, and technological advancements contribute to this dominance.
- Application: The market can be segmented into five primary application areas:
- Cancer
- Neuropathic Pain
- Facial & Migraine
- Musculoskeletal Disorder
- Others The cancer segment is predicted to dominate the market in 2022 and maintain its dominance throughout the forecast period. This dominance is attributed to the increasing number of cancer patients and the demand for pain management devices to alleviate pain caused by nerve compression due to tumor growth. Additionally, the rising prevalence of genetic diseases like acute lymphoblastic leukemia will boost the market for pain management devices in the forecast period.
What Will You Get in the Sample Report
In our sample report, you will find a comprehensive analysis of the Global Pain Management Device Market, including insights into market drivers, challenges, and segmentation. We provide valuable information on the factors influencing market growth and potential impediments. Additionally, you will gain an understanding of the market’s regional dynamics and which segments are expected to lead during the forecast period.
Who Will Benefit from This Report
This report is invaluable to a wide range of stakeholders, including healthcare professionals, investors, researchers, policymakers, and anyone interested in the pain management device market. It offers actionable insights and data-driven decision-making support to facilitate informed choices in this dynamic market landscape.
Download Free Sample Report – https://www.techsciresearch.com/sample-report.aspx?cid=14605
Major companies operating in global pain management device market are:
- B. Braun Melsungen AG
- Bio-Medical Research (BMR) Ltd.
- Baxter International, Inc.
- Avanos Medical, Inc.
- DJO Global, Inc.
- Medtronic plc
- Stryker Corporation
- Boston Scientific Corporation
- Nipro Corporation
- Nevro Corporation
“North America is expected to register the highest growth in the global pain management device market on account of developed healthcare infrastructure with advanced pain management devices and, increasing government initiatives like affordable care act with reimbursement procedure in the urban region. Increasing incidence of hypertension and stroke, increasing aging population and increasing risk of chronic illness are expected to drive the demand for pain management device market in the forecast period. Similarly, growing medical tourism is expected to propel the market growth till 2028,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Pain Management Device Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Electrical Stimulators, Radiofrequency Ablation (RFA), Analgesic Infusion Pumps, Neurostimulation), By Mode of Purchase (Over-The-Counter v/s Prescription-Based) ,By Application (Cancer, Neuropathic Pain, Facial & Migraine, Musculoskeletal Disorder, Others), By End User (Hospitals & Clinics, Physiotherapy Centers, Others), By Region,” has evaluated the future growth potential of global pain management device market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global pain management device market.
Download Free Sample Report – https://www.techsciresearch.com/sample-report.aspx?cid=14605
Related Reports-
Veterinary Pain Management Market
About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Web: https://www.techsciresearch.com