The Global Pain Management Devices Market Report is a compilation of comprehensive research studies of various aspects of the Pain Management Devices Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Pain Management Devices market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Pain Management Devices market and how they will evolve in the years to come.
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The global pain management devices market was valued at US$ 5020.62 million in 2022 and is expected to reach US$ 9095.12 million by 2030, growing at an estimated CAGR of 6.8% over the forecast period.. Abbott Laboratories, B Braun Melsungen AG, Baxter International Inc., Boston Scientific Corp., DJO Global LLC., Johnson & Johnson (Codman And Shurtleff, Inc.,), Kimberly Clark Corporation, Medtronic Plc., Pfizer, Inc., and Stryker Corp amongst others.
Pain management is a field of medical science that relieves patients with chronic pain from their suffering. Acute pain has a sudden onset of action, while chronic pain lasts for a longer period of time, which adds to the need for medication. Pain management systems are medical devices used to treat different types of pain such as neuropathic pain, cancer pain, nociceptive pain, musculoskeletal pain and others. Stimulators for the spinal cord, transcutaneous electrical nerve stimulators, analgesic infusion pumps, and ablation devices are different types of pain management devices available on the market. Today, technology provides many drug-free alternatives to painkillers. Equipment’s like Quell, Pain Pode, Lumiwave, Omron Pain Relief Pro etc are compactable devices intended to ease up the chronic pain from conditions like fibromyalgia, sciatica, and osteoarthritis amongst others.
Growth in the global Pain Management Devices Market is driven by an increase in geriatric population and rising diabetes patients globally. WHO stated that, between 2015 and 2050, the percentage of the global population above 60 years will approximately double from 12% to 22%. And also finding further stated that by 2020, the proportion of people aged 60 years and older will surpass children younger than 5 years. This rise in country’s population towards older ages started in high-income countries. Countries like japan are severely affected by it with approximately 30% of the population are already over 60 years old). Furthermore, increased demand for pain management devices among developing countries and increased acceptance of pain management devices for chronic pain management are factors contributing to market growth. In addition, untapped potential offered by developing economies is posing lucrative Pain Management Devices Market growth opportunities over the forecast period. Another major factor that is driving the market is the increasing diabetes population globally. According to the International diabetes foundation, approximately 463 million adults who are aged between 20-79 years were living with diabetes; and the statistics further claims that by 2045 it will further rise to 700 million. And approximately 374 million population are living at the risk of having diabetes due to the inherent properties of diabetes.
Development of pain management medicines is restraining the overall growth of the Pain Management Devices Market. Recently FDA Approved OTC Switch of Diclofenac Gel and Olopatadine Eye Drops followed by the approval, Diclofenac sodium topical gel and olopatadine HCl ophthalmic drops, available over-the-counter (OTC) is expected to hinder the overall market growth
Because of numerous technological advancements in this area, the global Pain Management Devices Market is expected to see strong growth. Such developments include the introduction of devices such as wearable automated transcutaneous electrical nerve stimulators based on electrodes, which provide peripheral pain management in a 60-minute period. The major challenge faced by people while treating chronic pain is the lack of connection between pain level and severity of tissue damage due to multifaceted changes happening in immune and sensory applications. Some of the instances of pain management devices are given below:
ACTIV PRO LaserStim (Multi Radiance Medical) – The device is a portable, cordless laser therapy device system that provides fast, safe and powerful treatment without raising the skin temperature. The system delivers light to deep tissue and facilitates absorption. The system avoids exposure to radiation, phototoxicity and the death of cells. The synchronous usage of ultra-bright infrared along with super pulsed laser, red & blue LEDs are for deep penetration. This is used as a chiropractic tool all over the body. The laser therapy is effective for tendons, ligaments, muscles, nerves, bones and dermal tissues.
HEAT Pain Pro TENS Device – The device is developed by Omron Healthcare and is used for muscle pain and acute joint applications. This is an over-the-counter device and combines heat with transcutaneous electrical nerve stimulation (TENS). This provides immediate relief to muscle pain and acute joint pain.
Radiofrequency Ablation Devices: The providers of such devices are namely Boston Scientific Corporation, Diros Technology, Inc., St. Jude Medical, Inc and Haylard Health, Inc. Owing to rising chronic pain conditions and increasing geriatric population, the demand for these devices have gained traction in the recent past and is anticipated to continue the same trend over the forecast period.
ActiPatch – The aforementioned device was developed by BioElectronics Corporation and is mainly used for applications such as osteoarthritis, shingles, rheumatoid arthritis, sports injuries, neuropathy and fibromyalgia amongst others. The efficacy rate varied from 59% to 71% for different pain conditions with 50% average reduction in medication use. The device is available over-the-counter for chronic pain management. It is also safe to use with pacemakers, metal implants, defibrillators amongst others.
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Pain Management Devices Market:
- By Product
- Neuromodulation & Neurostimulation Devices
- Analgesic Infusion Pumps
- Ablation Devices
- By Application
- Neuropathic Pain
- Cancer Pain
- Facial & Migraine Pain
- Musculoskeletal Pain
- By Geography
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
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