Global Pain Management Devices And Therapies Market
Medical Equipment

Global Pain Management Devices And Therapies Market Overview And Prospects

Learn about the global pain management devices and therapies market through The Business Research Company, which provides information on pain management devices and therapies market size, pain management devices and therapies market drivers and restraints, pain management devices and therapies market players, the COVID-19 impact on the pain management devices and therapies market, and more.

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The global pain management devices and therapies market is expected to grow from $4.07 billion in 2020 to $4.49 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The pain management devices and therapies market is expected to reach $6.03 billion in 2025 at a CAGR of 7.7%.

Increase in demand for pain management devices due rise in chronic diseases is expected to drive innovation in pain management devices and therapies manufacturing, thus driving the market during the forecast period.

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The pain management devices and therapies market consist of sales of pain management devices and therapies to manage chronic and critical pain in patients suffering from various conditions, such as cancer and neurological disorder. This market includes the sales of light-based devices, TENS (transcutaneous electrical nerve stimulation) for home, and other devices mainly used for Spinal cord stimulation, sacral nerve stimulators and deep brain stimulation.

Global pain management devices and therapies market segments include:

By Type: Electrical Stimulators, Ablation Devices, Neurostimulators, Analgesic Pumps

By Application: Neuropathic Pain, Cancer Pain, Facial & Migraine Pain, Musculoskeletal Pain, Trauma

By Electrical Stimulation Devices: Transcutaneous Electrical Nerve Stimulation (TENS) Devices, Neuromuscular Electrical Stimulation (NMES/EMS) Devices, Combination Devices, Electrotherapy Devices, TNS

By Ablation Devices: Radiofrequency Ablation Devices, Cryoablation Devices

By Analgesic Infusion Pumps: Intrathecal Infusion Pumps, External Infusion Pumps

By Neurostimulation Devices: Spinal Cord Stimulation (SCS) Devices, Deep Brain Stimulation Devices, Vagus Nerve Stimulation Devices, Sacral Nerve Stimulation Devices

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in the pain management devices and therapies industry are focusing on the use of advanced technologies to cure chronic and acute pain without the use of any opioids (drugs). Special pain relief wearable devices are being developed by several companies that can be controlled manually or through a smartphone. These devices work by gathering neural pulses from the brain which triggers the release of the body’s natural pain blocker. Thus, the devices electrically stimulate the nervous system and increase body’s resistance to pain.

TBRC’s pain management devices and therapies market report covers:

Major Market Players: Abbott Laboratories, AstraZeneca, Pfizer, Boston Scientific Corporation and GlaxoSmithKline PLC.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Pain Management Devices And Therapies Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides pain management devices and therapies market overviews, analyzes and forecasts market size, share, pain management devices and therapies market players, pain management devices and therapies market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s pain management devices and therapies market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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