Global Pain Management Devices Market: Trends, Growth, and Forecast 2024-2032

Global Pain Management Devices Market Size, Share & Trends Analysis Report By Product (Electrical Stimulators (TENS, Others), Radiofrequency Ablation, Analgesic Infusion Pumps (Intrathecal Infusion Pumps, External Infusion Pumps), Neurostimulation (Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Neurostimulators, Others)), By Application (Cancer, Neuropathic, Facial & Migraine, Musculoskeletal, Trauma, Others), By End Use (Hospitals & Clinics, Physiotherapy Centers, Rehabilitation Centers, Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) – Forecast (2024-2032)

Global Pain Management Devices Market size was valued at USD 6.90 Billion in 2023 and is poised to grow from USD 7.54 Billion in 2024 to USD 15.25 Billion by 2032, growing at a CAGR of 9.2 % in the forecast period (2024-2032).

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A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Pain Management Devices Market. Based on historic growth analysis and current scenario of Global Pain Management Devices marketplace, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of Global Pain Management Devices market. This further helps users with their developmental strategy.

Global Pain Management Devices Market Players Analysis:

  • B Braun Melsungen AG
  • Baxter
  • Boston Scientific Corporation or its affiliates
  • Nevro Corp.
  • Enovis
  • OMRON Healthcare INC
  • Medtronic
  • ICU Medical Inc
  • Abott
  • Stryker
  • Stimwave LLC

Key Benefits for Global Pain Management Devices Market Reports:

The analysis provides an exhaustive investigation of the global Post-Consumer Global Pain Management Devices Market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer Global Pain Management Devices Market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer Global Pain Management Devices Market.

Global Pain Management Devices Market Segmentation Analysis:

By Product

Based on the Product of the market is segmented into Electrical Stimulators (TENS, Others), Radiofrequency Ablation, Analgesic Infusion Pumps (Intrathecal Infusion Pumps, External Infusion Pumps), Neurostimulation (Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Neurostimulators, Others).

The most significant among the segments of pain management devices is Neurostimulation (including Spinal cord stimulators, Deep brain stimulators, Sacral neurostimulators, and Others). This part has seen vast growth because it is a method efficient long-term relief of chronic pain, especially in cases where traditional treatment fails. Neurostimulation devices mainly include Spinal cord stimulators (SCS). This is mostly adopted in cases where the patient experiences neuropathic pain, back pain, pain resulting from failed back surgery syndrome, and complex regional pain syndrome (CRPS).

Neurostimulation devices hold the prime reason because it is self-explanatory in delivering targeted, personalized pain relief with minimal side effects, compared to opioid-based treatments. Neurostimulation involves modulating pain signals in the spinal cord or brain to complement invasive surgery or lengthy treatment with drugs. Additionally, advances in technology have improved the precision and comfort of these devices, which has resulted in higher patient satisfaction and better results for patients.

By Application

Based on the Application of the market is segmented into Cancer, Neuropathic, Facial & Migraine, Musculoskeletal, Trauma, Others.

The research on pain management devices has shown that musculoskeletal pain has become the leading segment among the applications of this market. There is high prevalence of musculoskeletal disorders like arthritis, back pain, joint and soft tissue problems among the populations, thus increased musculoskeletal pain. In fact, musculoskeletal pain is the most frequently experienced form of chronic pain across the globe, which is found to affect millions of people in their overall quality of life as well. Growing elderly population has led to an increase in painful conditions such as osteoarthritis, rheumatoid arthritis, and injuries due to wear and tear, thereby necessitating excellent pain management solutions for this segment.

This has also been reinforced by the increasing trend in these segments towards non-invasive, drug-free therapies to relieve musculoskeletal conditions. Therefore, use of devices such as transcutaneous electrical nerve stimulation (TENS) units, electrical stimulation devices, and cryotherapy devices for musculoskeletal pain management is gradually rising as they do not require invasive procedures or medications. Moreover, health care systems are seeking ways to minimize the use of opioids and promote other alternatives to them, thus musculoskeletal pain therapy has had popularity in these areas.

Regional Snapshots

The reports furnished give geographical insights into markets across North America, Europe, Asia-Pacific, Latin America, and MEA. North America has been the leading region in the global pain management devices market. The population with chronic pain in North America is a major driver of well-established healthcare infrastructure and increasing demand for innovative, non-invasive pain management. The USA alone accounts for a considerable share of the North American market because of increasing incidence rates for musculoskeletal disorders, cancer, and neuropathic pain. The fact that most people in the country are older, and therefore more likely to be affected by chronic pain, propels the need for pain management equipment. There is also an increasing focus towards reducing opioid use and ushering in non-pharmacological treatments, making room for the acceptance of alternative devices such as TENS units, neuromodulation devices, and spinal cord stimulators.

North America, thus, enjoys the advantages of having major global players in the market; highly advanced healthcare facilities and favorable reimbursement policies, which therefore all favor widespread acceptance of pain management devices. It also comprises groundbreaking technologies, as the area is a constant innovation source in bioelectronics and neuromodulation therapies, making it the world’s largest pain management devices market.

 

Report Highlights:

  • Analysis of key market players, raw material suppliers, equipment suppliers, end users, traders, and distributors.
  • Detailed company profiles covering production, pricing, revenue, costs, sales, growth, imports, exports, and technological advancements.
  • 12-year historical data analysis with future market forecasts.
  • Growth drivers and end-user segment analysis.
  • Data segmented by players, regions, types, and applications, with custom research options.
  • SWOT analysis of the market.
  • Expert opinions in the conclusion section.

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