Pain Management Devices Market Size, Share, Trends, Industry Analysis and Forecast to 2024 - PowerPoint PPT Presentation

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Pain Management Devices Market Size, Share, Trends, Industry Analysis and Forecast to 2024

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Increasing elderly population is a pivotal factor driving Pain Management Devices Market. As per WHO, the global population aged 60 years and above is expected to reach 2 billion by 2050 from 900 million in 2015. Increasing age is directly linked to rising prevalence of age related chronic disorders such as cancer, musculoskeletal and neurological disorders requiring pain management devices. – PowerPoint PPT presentation

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Title: Pain Management Devices Market Size, Share, Trends, Industry Analysis and Forecast to 2024


1
Pain Management Devices Market size is projected
to experience significant growth from 2017 to
2024. Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Pain Management Devices
Market
  • Increasing elderly population is a pivotal factor
    driving pain management devices market. As per
    WHO, the global population aged 60 years and
    above is expected to reach 2 billion by 2050 from
    900 million in 2015.
  • Increasing age is directly linked to rising
    prevalence of age related chronic disorders such
    as cancer, musculoskeletal and neurological
    disorders requiring pain management devices.
  • Favorable reimbursement policies in developed
    countries, rising awareness among patients about
    neuropathic pain treatment and technological
    advancements for developing novel devices to
    reduce pain are major factors accelerating the
    industry growth.
  • High cost of devices and side-effects caused such
    as skin allergy, hyper pigmentation and redness
    can restrain the pain management devices market
    size during the forecasted period.

3
  • Neurostimulation devices market is expected to
    witness lucrative growth owing to benefits
    offered such as long-term efficiency to provide
    relief from chronic pain coupled with established
    insurance coverage for these products in
    developed countries.
  • The segment is categorized into spinal cord
    stimulation (SCS), transcutaneous electric nerve
    stimulation (TENS), deep brain and sacral neuro
    stimulators.
  • Radiofrequency ablation devices market will
    exhibit healthy growth rate in the coming years
    due to wide application in managing cancer pain
    and various cardiac diseases. Analgesic infusion
    pumps market including intrathecal and external
    pumps will show prominent growth in the future.
  • Neuropathy pain market will witness tremendous
    growth in the future due to growing elderly
    patient pool, increasing prevalence of chronic
    disorders leading to chronic and acute pain.

4
Competitive Market Share of Pain Management
Devices Market
  • Based on the mode of purchase, the industry is
    bifurcated into prescription-based and
    over-the-counter (OTC) devices.
  • The prescription-based segment holds the major
    industry share whereas the OTC segment will
    witness tremendous growth during the forecast
    timeline due to higher availability and awaiting
    FDA approvals for new products.
  • U.S. will drive the pain management devices
    market size over the forecast timeframe owing to
    the rising awareness among the increasing elderly
    patient pool, established healthcare
    infrastructure and technological advancements.
  • France and Germany are two vibrant countries of
    Europe accelerating the business due to
    increasing prevalence of chronic diseases and
    growing elderly population.

5

Browse Full Market Research Report On Pain
Management Devices Market _at_ http//bit.ly/2tl9mxY
Request for an in-depth table of contents for
this report _at_ http//bit.ly/2sOBtRJ
6
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