Dublin, Dec. 18, 2024 (GLOBE NEWSWIRE) -- The "Pain Management Devices Market - A Global and Regional Analysis: Focus on Type, Application, End User, and Country - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
Increasing demand for non-opioid pain management solutions aligns with the ongoing opioid crisis, prompting healthcare providers to seek alternative therapies.
The increasing prevalence of chronic pain and the shift from pharmaceuticals to devices are propelling the growth of the market, for instance, according to data from the U.S. Pain Foundation published in August 2023, nearly 21% of the U.S. population about 51.6 million adults suffer from chronic pain, defined as pain lasting over three months. Among them, 17.1 million experience high-impact chronic pain that significantly limits their ability to work or engage in daily activities. This rising prevalence is boosting the demand for pain management devices.
Furthermore, advancements in pain management devices are also propelling market expansion. Notably, the integration of wearable devices and biofeedback mechanisms represents a promising development. Additionally, concerns about opioid addiction have greatly impacted the search for non-opioid pain management devices.
However, the high cost of pain management devices, lack of awareness, and limited access to pain management devices are hindering the growth of the market. The initial cost of purchasing pain management devices, along with the expenses associated with maintenance and replacement, can be a barrier for many healthcare providers and patients.
In the Asia-Pacific region, the pain management devices market is poised for significant growth, driven by the rising prevalence of chronic pain, technological advancements, and increased awareness. Additionally, government initiatives to improve healthcare systems, are supporting market expansion.
How can this report add value to an organization?
Product/Innovation Strategy: This report provides a comprehensive product/innovation strategy for the global pain management devices market, identifying opportunities for market entry, technology adoption, and sustainable growth. It offers actionable insights, helping organizations gain a competitive edge, and capitalize on the increasing demand.
Competitive Strategy: This report crafts a strong competitive strategy tailored to the pain management devices market. It evaluates market rivals, suggests methods to stand out, and offers guidance for maintaining a competitive edge. By adhering to these strategic directives, companies can position themselves effectively in the face of market competition, ensuring sustained prosperity and profitability.
Major Pain Management Devices Companies Featured
- Abbott Laboratories
- Boston Scientific Corporation
- Medtronic, plc
- Nevro Corporation
- Baxter
- OMRON Healthcare, Inc.
- Stryker Corporation
- Teleflex Incorporated
- ICU Medical
- AtriCure
- Zynex
Key Topics Covered:
1. Markets: Industry Outlook
1.1 Market Trends
1.2 Regulatory Framework
1.3 Supply Chain Analysis
1.4 Market Dynamics
1.4.1 Market Drivers
1.4.2 Market Restraints
1.4.3 Market Opportunities
2. Global Pain Management Devices Market, by Type, $Million, 2023-2034
2.1 Ablation Devices
2.1.1 Radiofrequency Ablation Devices
2.1.2 Cryoablation Devices
2.1.3 Ultrasound Ablation Devices
2.1.4 Others
2.2 Neurostimulation Devices
2.2.1 Transcutaneous Electrical Nerve Stimulator
2.2.2 Spinal Cord Stimulators
2.2.3 Others
2.3 Infusion Pumps
3. Global Pain Management Devices Market, by Application, $Million, 2023-2034
3.1 Neuropathic Pain
3.2 Musculoskeletal Pain
3.3 Others
4. Global Pain Management Devices Market, by End User, $Million, 2023-2034
4.1 Hospitals and Clinics
4.2 Homecare Settings
4.3 Others
5. Global Pain Management Devices Market, by Region, $Million, 2023-2034
5.1 North America Pain Management Devices Market
5.1.1 Market Dynamics
5.1.2 Market Sizing and Forecast
5.1.2.1 North America Pain Management Devices Market, by Type
5.1.2.2 North America Pain Management Devices Market, by End User
5.1.2.3 North America Pain Management Devices Market, by Country
5.1.2.3.1 U.S.
5.1.2.3.1.1 U.S. Pain Management Devices Market, by Type
5.1.2.3.1.2 U.S. Pain Management Devices Market, by End User
5.1.2.3.2 Canada
5.1.2.3.2.1 Canada Pain Management Devices Market, by Type
5.1.2.3.2.2 Canada Pain Management Devices Market, by End User
5.2 Europe Pain Management Devices Market
5.3 Asia-Pacific Pain Management Devices Market
5.4 Latin America Pain Management Devices Market
5.5 Middle East and Africa Pain Management Devices Market
6. Competitive Landscape and Company Profiling
6.1 Competitive Landscape
6.1.1 Mergers and Acquisitions
6.1.2 Synergistic Activities
6.1.3 Product Launch and Approval Activities
6.1.4 Expansion, Funding, and Other Activities
6.2 Company Profiles
6.2.1 Company Overview
6.2.2 Product Offering
6.2.3 Key Competitors of the Company
6.2.4 Key Customers of the Company
6.2.5 Analyst Perspective
7. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/xxa7zk
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