Pain Management Devices Market worth 4.64 Billion USD by 2021

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MarketsandMarkets Presents
Pain Management Devices Market worth 4.64 Billion
USD by 2021
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in-management-devices-market-91418163.html
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The report "Pain Management Devices Market by
Device Type (Neurostimulation, SCS, TENS, RF
Ablation, Infusion Pumps), Application (Cancer,
Neuropathy, Musculoskeletal, Migraine, Facial),
by Mode of Purchase (OTC, Prescription-Based) -
Global Forecasts to 2021", analyzes and studies
the major market drivers, restraints,
opportunities, and challenges in North America,
Europe, Asia-Pacific, and the Rest of the World
(RoW). Browse 117 market data tables with 43
figures spread through 198 pages and in-depth TOC
on "Pain Management Devices Market by Device Type
(Neurostimulation, SCS, TENS, RF Ablation,
Infusion Pumps), Application (Cancer, Neuropathy,
Musculoskeletal, Migraine, Facial), by Mode of
Purchase (OTC, Prescription-Based) - Global
Forecasts to 2021" http//www.marketsandmarkets.
com/Market-Reports/pain-management-devices-market-
91418163.html
 
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in-management-devices-market-91418163.html
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• This report studies the global pain management
  devices market over the forecast period of 2016
  to 2021. The market is expected to reach USD
  4.64 Billion by 2021, at CAGR of 8.5 from 2016
  to 2021.A number of factors, such as the growing
  demand for long-term pain management among the
  geriatric population, large patient population
  base, adverse effects of pain medications,
  development of novel pain management devices,
  established reimbursement scenario for spinal
  cord stimulation (SCS) devices in developed
  countries, and high proven efficacy of pain
  management devices for the treatment of chronic
  pain are driving the growth of the global pain
  management devices market.

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in-management-devices-market-91418163.html
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• On the other hand, factors such as low
  awareness regarding the availability and use of
  pain management devices, shortage of pain
  specialists, low number of pain clinics in
  several countries, existence of a gap in
  prevalence and treatment of chronic pain, and
  high procedural and purchase cost of pain
  management devices are restricting the growth of
  the global pain management devices market.

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in-management-devices-market-91418163.html
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• This report covers three major pain
  management device types, namely, neurostimulation
  devices, ablation devices, and analgesic infusion
  pumps. The neurostimulation devices segment is
  expected to witness the highest growth and
  account for the largest share of the pain
  management devices market in 2016. This can be
  attributed to the advantages of neurostimulation
  over alternative therapies for managing chronic
  pain. Also, the long-term cost efficiency and
  technological developments in neurostimulation
  devices are contributing to the growth of this
  market segment.

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in-management-devices-market-91418163.html
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• On the basis of application, the global pain
  management devices market is segmented into
  neuropathic pain, cancer pain, facial pain
  migraine, musculoskeletal pain, and others. The
  neuropathic pain application segment is estimated
  to witness the highest growth during the forecast
  period, primarily due to the presence of
  substantial clinical evidence in the favor of
  high efficacy of pain management devices in
  neuropathic pain treatment, favorable
  reimbursement scenario, development of novel
  neuropathic pain management devices, large
  patient population base, rising geriatric
  population across the globe, and side effects of
  drugs used to treat neuropathic pain.

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in-management-devices-market-91418163.html
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• Based on the mode of purchase, the market is
  segmented into over-the-counter (OTC) devices and
  prescription-based devices. The
  prescription-based devices segment is expected to
  account for the largest share of the global pain
  management devices market in 2016, whereas the
  OTC devices segment is expected to grow at the
  highest CAGR during the forecast period. The high
  growth in this segment is attributed to the
  availability of a number of OTC devices in the
  market and FDA approvals for new OTC devices in
  the coming years.

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in-management-devices-market-91418163.html
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• As of 2016, North America held the largest share
  of the global pain management devices market,
  followed by Europe. However, the Asia-Pacific
  market is expected to grow at the highest CAGR
  from 2016 to 2021. A number of factors, including
  growing incidence of chronic diseases, improving
  healthcare infrastructure in the region, growing
  middle-class population and disposable income
  levels, and rising awareness about the safety and
  efficacy of pain management devices are
  stimulating the growth of the pain management
  devices market in the Asia-Pacific region.

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in-management-devices-market-91418163.html
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• Medtronic plc (Ireland), Boston Scientific
  Corporation (U.S.), and St. Jude Medical Inc.
  (U.S.) are the major players in the global pain
  management devices market.

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