Home / Medical Equipments / Pain Management Devices Market By Product (Electrostimulaiton Devices, Radiofrequency Ablation Devices, Infusion Pumps, Neurostimulation Devices), By Applications (Neuropathic Pain, Cancer Pain, Facial & Migraine Pain, Musculoskeletal Pain) - Growth, Share, Opportunities & Competitive Analysis, 2021 - 2029

Pain Management Devices Market By Product (Electrostimulaiton Devices, Radiofrequency Ablation Devices, Infusion Pumps, Neurostimulation Devices), By Applications (Neuropathic Pain, Cancer Pain, Facial & Migraine Pain, Musculoskeletal Pain) - Growth, Share, Opportunities & Competitive Analysis, 2021 - 2029


Published: Aug 2021

Global Pain Management Devices Market to Grow At A CAGR of 9.8%

Pain management is a branch of medical science that eases the suffering of the patients who have chronic pain. Acute pain has sudden onset of action whereas chronic pain usually lingers for a longer duration which causes unpleasant aggravation in patients which leads to need for its management. Various devices are used to manage chronic pain like Electrostimulation devices, Radiofrequency ablation devices, Infusion pumps and Neurostimulation devices. These devices block the pain gate mechanism to block the passage of pain signals to the brain. Radiofrequency ablators destroy nerves by generating heat to block the pain signals. Neurostimulation devices employs milder frequencies of current to block passage of pain signals. Infusion pumps deliver medication in controlled and sustained manner to alleviate pain. These devices are used to treat chronic pain in patients suffering from ailments like Neuropathic pain, Cancer pain, Facial and Migraine pain, Musculoskeletal pain and others. The factors that will facilitate the pain management devices market penetration are growing prevalence of chronic pain, increase in geriatric population, rise in demand for the devices to manage chronic pain and favorable reimbursement policies and government initiatives. The restraints would be skin hypersensitivity reactions, post-operative infection and devices are usually used as second line of treatment in patients with chronic pain who become resistant to drug therapy.

The global pain management devices market is represented by product types namely, Electrostimulation devices, Radiofrequency ablation devices, Neurostimulation devices and Infusion pumps, with Neurostimulation devices holding the largest share. In application type, the global pain management devices market is segmented into Neuropathic pain, Cancer pain, Facial and Migraine pain, Musculoskeletal pain and others. Neuropathic pain holding the largest segment. The geographical segmentation of global pain management devices market comprises North America, Europe, Asia-Pacific, Latin America and Middle East & Africa further segmented into key countries with highest potential in pain management devices market.

Neurostimulation Devices had the largest revenue share amongst all devices

Among the mentioned device types, neurostimulation devices had the largest revenue share in 2020, due to wide usage of neurostimulation devices for chronic pain management and higher preference for these devices due to their advanced technologies and efficiency in providing pain relief for long durations. On the other hand, radiofrequency ablation devices segment will register the fastest growth rate in the overall pain management devices market. Additionally, radiofrequency ablation also offers efficient relief from cancer pain thus facilitating the growth of this segment in cancer pain management.

Neuropathic pain is a significant application for pain management devices

Neuropathic pain, cancer pain, facial & migraine, musculoskeletal pain and others cumulatively make the major application areas for pain management devices. Neuropathic pain is a significant application for pain management devices, treatments such as spinal cord stimulation and deep nerve stimulation play a vital role in treating several neurological conditions. Customization of stimulation levels, respective to the severity of the conditions and long term treatment efficacy significantly contribute to the growth of this segment. Radiofrequency ablation devices have proven efficiency in treating cancer pain through effectively terminating cancer cells by this means reducing cancer pain.

The fastest growing markets are in Asia-Pacific and Latin America

Following the trends of the global medical devices market, North America is the largest market for pain management devices followed by Europe. High prevalence of lifestyle diseases, cancer, osteoarthritis and the huge pool of high-risk geriatric population play a significant role in the dominance of North America and Europe pain management devices market. In addition, favorable reimbursement system and better awareness among patients and care-givers also assist in contributing to the demand for pain management devices in the regions. Asia-Pacific and Latin America with the rapid development of healthcare infrastructure will become the fastest growing markets for pain management devices during the forecast period.

TABLE 1 Global Pain Management Devices Market, by Products, 2019 - 2029 (USD Mn)
TABLE 2 Global Electrostimulation Devices Market, by Products, 2019 - 2029 (USD Mn)
TABLE 3 Global Infusion Pumps (Analgesic) Market, by Products 2019 - 2029 (USD Mn)
TABLE 4 Global Neurostimulation Devices Market, by Products, 2019 - 2029 (USD Mn)
TABLE 5 Global Pain Management Devices Market, by Applications, 2019 - 2029 (USD Mn)
TABLE 6 Global Pain Management Devices Market, by Geography, 2019 - 2029 (USD Mn)
TABLE 7 North Pain Management Devices Market, by Country, 2019 - 2029 (USD Mn)
TABLE 8 Europe Pain Management Devices Market, by Country, 2019 - 2029 (USD Mn)
TABLE 9 Asia-Pacific Pain Management Devices Market, by Country, 2019 - 2029 (USD Mn)

Choose License Type
 
Contact Information
24/7 Research Support
Phone: +1-855-455-8662
sales@acutemarketreports.com
Get in Touch with us
join us on Facebook
Follow us on Twitter
Follow us on LinkedIn
Add us on Google +