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Pain Management Devices Market by Type (Ablation Devices (Radiofrequency Ablation, Cryoablation), Neurostimulation Devices (Transcutaneous Electrical Nerve Stimulation (TENS), Spinal Cord Stimulation (SCS)), Analgesic Infusion Pumps (Intrathecal Infusion, External Infusion)), Application (Neuropathic Pain, Facial Pain & Migraine, Cancer Pain, Musculoskeletal Pain) – Analysis & Forecast 2019-2030

Report ID : 30  |  Published Date : Apr 2020  |  Pages : 150  |  Region : Global  |  Report Code : MD-15

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Pain Management Devices Market Overview and Introduction

The global pain management devices market is estimated to be over US$ 3.5 Bn in 2017. It is anticipated to grow at a CAGR of 13.4% from 2019 to 2030.The global pain management devices market is segmented by type, application, and region.

Pain management devices are widely used to treat patients suffering from acute or chronic pain, which requires therapy and healing. These devices assist in managing pain among patients suffering from several conditions, namely neurological disorders, cancer and musculoskeletal disorders. Further, such devices restores the ability of users to perform, day to day activities, lower pain medications, and ultimately improve quality of life.

The global pain management devices market is driven by technological advancements in the pain treatment and therapy arena, increasing patient awareness and health care expenditure, increasing prevalence of chronic and acute pain, and rising geriatric population are major factors driving the market. However, high cost related to pain management devices products is likely to restrain the market to certain extent.

Pain Management Devices Market by Type 

On the basis of type, the pain management devices market is segmented into ablation devices, neurostimulation devices, and analgesic infusion pumps. The ablation devices are further segmented into Radiofrequency ablation devices, and cryoablation devices. Similarly, the neurostimulation devices segment is bifurcated into Transcutaneous Electrical Nerve Stimulation (TENS) devices and Spinal Cord Stimulation (SCS) devices. Finally, the analgesic infusion pumps segment is classified into intrathecal infusion and external infusion. The neurostimulation segment is estimated to account for the largest market share of the global pain management devices market. Growth of this segment can be attributed to high efficacy for treatment of chronic pain and cost-effectiveness of neurostimulation devices.

Pain Management Devices Market by Applications

Based on application, the market is segmented into neuropathic pain, facial pain & migraine, cancer pain, musculoskeletal pain, and other applications. The neuropathic pain segment is estimated to account for the largest share of the global pain management devices market. The large share of this segment can be attributed to the rising incidence and prevalence of diseases which lead to neuropathic pain.

Pain Management Devices Market by Regions

The global pain management devices market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW).  North America dominated the market of pain management devices, followed by Europe and Asia Pacific. North America will continue to dominate the global pain management devices market in the forecast period owing to factors such as increasing incidences and prevalence of chronic diseases products and highly developed healthcare system. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as the rising focus of major players in emerging Asian countries and government support, increasing disposable incomes, rising awareness among the population are driving the growth of the pain management devices market in this region.

Pain Management Devices Market Prominent Players 

The prominent players in the global pain management devices market are Medtronic, ST. Jude Medical, Inc.  (A subsidiary of Abbott), Boston Scientific Corporation, Hospira, Inc. (A subsidiary of Pfizer Inc.), Smiths Medical, B. Braun Melsungen AG, Halyard Health, Inc. (O&M Halyard or its affiliates) BIO-MEDICAL RESEARCH LTD, BD, and Nevro Corp. among others

Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Ecosystem
      1.   Market Classification
      2.   Geographic Scope
      3.   Years Considered for the Study
        1. Historical Years – 2016 & 2017
        2. Base Year – 2018
        3. Forecasted Years – 2019 to 2030
    3. Currency Used for the Study
    4. Report Beneficiary List
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      1.  Secondary Sources
      2.  Primary Sources
    4. Market Estimation Methodology
      1.   Bottoms Up Approach
      2.   Top Down Approach
    5. Data Validation and Triangulation
      1.   Market Forecasting Model
      2.   Limitations of the Study
      3.   Assumptions of the Study
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities
  5. UNIQUE SELLING PROPOSITIONS (USPs)
    1. Technological Advancement
    2. Application Horizon Assessment
    3. Regulatory & Reimbursement Scenario Snapshot
  6. GLOBAL PAIN MANAGEMENT DEVICES MARKET – ANALYSIS & FORECAST, BY TYPE
    1. Introduction & Definition
    2. Ablation Devices
      1. Radiofrequency Ablation Devices
      2. Cryoablation Devices
    3. Neurostimulation Devices  
      1. Transcutaneous Electrical Nerve Stimulation (TENS) Devices
      2. Spinal Cord Stimulation (SCS) Devices
    4. Analgesic Infusion Pumps
      1. Intrathecal Infusion Pumps
      2. External Infusion Pumps
  7. GLOBAL PAIN MANAGEMENT DEVICES MARKET – ANALYSIS & FORECAST, BY APPLICATION
    1. Introduction 
    2. Neuropathic Pain
    3. Facial Pain & Migraine
    4. Cancer Pain
    5. Musculoskeletal Pain
    6. Other Applications
  8. GLOBAL PAIN MANAGEMENT DEVICES MARKET – ANALYSIS & FORECAST, BY REGION
    1.     North America Pain Management Devices Market
      1.   North America Pain Management Devices Market, By Country
        1.  US
        2.  Canada
      2. North America Pain Management Devices Market Analysis & Forecast, By Type
      3. North America Pain Management Devices Market Analysis & Forecast, By Application
    2. Europe Pain Management Devices Market
      1. Europe Pain Management Devices Market, By Country/Region
        1. Germany
        2. U.K
        3. France
        4. Rest of Europe (ROE)
      2. Europe Pain Management Devices Market Analysis & Forecast, By Type
      3. Europe Pain Management Devices Market Analysis & Forecast, By Application
    3. Asia Pacific Pain Management Devices Market
      1. Asia Pacific Pain Management Devices Market, By Country/Region
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific (RoAPAC)
      2. Asia Pacific Pain Management Devices Market Analysis & Forecast, By Type
      3. Asia Pacific Pain Management Devices Market Analysis & Forecast, By Application
    4.    Rest of the World (ROW) Pain Management Devices Market
      1. Rest of the World Pain Management Devices Market, By Country/ Region
        1.  Latin America
        2.  Middle East & Africa
      2. Rest of the World Pain Management Devices Market Analysis & Forecast, By  Type
      3. Rest of the World Pain Management Devices Market Analysis & Forecast, By Application
  9. COMPETETIVE LANDSCAPE
    1. Market Share Analysis (2018)
    2. Key Strategies Assessment
      1. Agreements, Collaborations, & Partnerships
      2. Mergers & Acquisitions
      3. New Product Launches
      4. Other Strategies
  10. COMPANY PROFILES  (Business Overview, Types/Services Offered, Financial Performance, R&D Intensity,Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
    1.    Medtronic
    2.    Halyard Health, Inc. (O&M Halyard or its affiliates)
    3.    Hospira, Inc. (A subsidiary of Pfizer Inc.)
    4.    ST. Jude Medical, Inc.  (A subsidiary of Abbott)
    5.    Boston Scientific Corporation
    6.    Smiths Medical
    7.    B. Braun Melsungen AG
    8.    BIO-MEDICAL RESEARCH LTD
    9.    BD
    10. Nevro Corp. (*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain)
  11. APPENDIX
    1. Questionnaire
    2. Primary Interviews Transcripts
    3.    Customization Options
    4. Profile of the Author