Global Pain Management Devices Market Analysis

Global Pain Management Device Market Executive Summary

One of the main elements anticipated to support market expansion over the forecast period is the rising prevalence of chronic disorders. The demand for muscle and nerve stimulators has increased as lifestyle problems like obesity and diabetes are becoming more common. Another significant aspect that is predicted to contribute to the market's growth is the rising incidence of trauma or hypertension.

Market Size and Key Findings

The Global Pain Management Device Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

Global Pain Management Device Market Size (in USD Bn)

(2021-2030F)

Market Dynamics

Market Growth Drivers Analysis

Musculoskeletal conditions including arthritis, osteoarthritis, degenerative orthopaedic conditions, and rheumatoid arthritis are on the rise. This has increased the prevalence of chronic pain and the inability to do daily duties in these people. Patients are increasingly looking for alternate treatment choices, such as pain management devices, as a result of the inefficiency of oral medications. Many people are dependent on painkillers, although they frequently have negative side effects and are useless. Another element driving up demand is people's disinterest in having surgery. Due to its extensive application scope in pain management, surgical oncology, gynaecology, cardiology & cardiac rhythm management, and cosmetology, the RFA segment is anticipated to post the quickest CAGR throughout the projection period.

Due to its extensive application scope in pain management, surgical oncology, gynaecology, cardiology & cardiac rhythm management, and cosmetology, the RFA segment is anticipated to post the quickest CAGR throughout the projection period. When treating patients with many tumours, radiofrequency ablation is more advantageous than open surgery, which is what is causing the section to grow.

Competitive Landscape

Key Players

The prominent players operating in this market include B Braun Melsungen AG, Baxter, Boston Scientific Corp., Nevro Corp., Enovis, OMRON Healthcare, Inc., Medtronic, ICU Medical, Inc., Abbott, Stryker, Stimwave LLC, etc.