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      Global Pain Management Devices Market To Be Driven By The Rise In Occurrence Of Chronic Pain In The Forecast Period Of 2021-2026

      Amit by Amit
      November 22, 2022
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      Pain Management Devices Market
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      The new report by Expert Market Research titled, ‘Global Pain Management Devices Market Analysis, Size, Share, Report and Forecast 2021-2026’, gives an in-depth analysis of the global pain management devices market, assessing the market based on its type, mode of purchase, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

      The key highlights of the report include:

      Market Overview (2016-2026)

      • Forecast CAGR (2021-2026): 9%
      • Forecast Market Size (2026): USD 14.5 Billion

      The growth in the global pain management devices market is induced by rising prevalence of chronic diseases such as cardiovascular disease, cancer, musculoskeletal disease, and neurovascular disease. Such diseases have a negative impact on a person’s health by reducing immunity and causing chronic pain. The prevalence of the mentioned diseases is highest in adults and the geriatric community. A portable pain relief device is simple to use and run, reducing a person’s reliance on others. As a result of the benefits of pain management products, demand for them is increasing among patients with chronic diseases. Consumers’ disposable income is increasing, particularly in developing countries, which is driving the market further.

      Pain Management Devices Industry Definition and Major Segments

      Pain management refers to the medical branch that employs an interdisciplinary method to relieve suffering and improve the quality of life for those who suffer from chronic pain. Pain can resolve quickly once the underlying trauma or disease has healed and is handled by a single practitioner with analgesics and sometimes anxiolytics.

      Read Also:  Global Fruit Juice Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

      Based on type, the market is divided into:

      • Neurostimulation Devices
        • Transcutaneous Electrical Nerve Stimulation (TENS) Devices
        • Spinal Cord Stimulation (SCS) Devices
      • Ablation Devices
        • RF Ablation Devices
        • Cryoablation Devices
      • Analgesic Infusion Pumps
        • Internal
        • External

      Based on mode of purchase, the industry is segmented into:

      • OTC
      • Prescription-Based

      Based on application, the market can be categorised as:

      • Neuropathic Pain
      • Cancer Pain
      • Facial Pain and Migraine
      • Musculoskeletal Pain
      • Others

      On the basis of region, the market is divided into:

      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa

      Pain Management Devices Market Trends

      The need for pain relief products is at an all-time high due to a rise in the number of diabetic patients. Many patients have reported feeling relieved after using these instruments. This has resulted in the expansion of the pain relief device market.

      Patients are increasingly looking for new therapeutic options, such as pain relief systems, due to the ineffectiveness of oral medications. Furthermore, one of the reasons driving up demand is a lack of preference for surgeries. Because of the high costs involved with hospitalisation, there is a greater desire for shorter hospital stays and a transition to less expensive treatment environments, which increases the product demand.

      Key Market Players

      The major players in the market are Abbott Laboratories, Becton, Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Johnson & Johnson Services, Inc, Medtronic Plc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market.

      About Us:

      Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

      Read Also:  Global Wireless Door Lock System Market Report and Forecast 2022-2027

      EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

      Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

      Media Contact:

      Company Name: Claight Corporation
      Contact Person: James Rowan, Business Consultant
      Email: sales@expertmarketresearch.com
      Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
      Address: 30 North Gould Street, Sheridan, WY 82801, USA
      Website: www.expertmarketresearch.com

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      Tags: Pain Management Devices MarketPain Management Devices Market AnalysisPain Management Devices Market Size
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