Pune, Aug. 06, 2019 (GLOBE NEWSWIRE) -- The global Pain Management Devices Market will benefit from increasing regulatory approvals for neuromodulation devices in recent years. According to a report published by Fortune Business Insights, titled “Pain Management Devices Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 3,922.9 Mn in 2018. Fortune Business Insights states that the market will reach US$ 8,046.3 Mn by 2026, exhibiting a CAGR of 9.4%.
Browse Complete Report Details with Table of Content and Figures:
https://www.fortunebusinessinsights.com/industry-reports/pain-management-devices-market-101069
Pain management devices aid in reducing chronic pain and other undesirable conditions. Pain management can be used as an alternative to surgery to improve the result of your medication. This allows a non-invasive platform for surgical procedures, which in turn will lead to an increase in the global Pain Management Devices Market value. Recent technological advancements have opened up a huge Pain Management Devices Market growth potential. The report encompasses several factors that have contributed to the growth of the global Pain Management Devices Market. Besides this, the report includes a few of the factors that have acted as a barrier to market growth and signifies the market strategies adopted by leading companies, specifically aimed at overcoming these barriers. The increasing number of people suffering from pain through chronic diseases will aid the growth of the global Pain Management Devices Market in the forthcoming years. According to the Centers for Disease Control and Prevention, around 20.4% of the total population in the US suffered from chronic pain in 2016. In addition to the increasing incidence of chronic pain, increasing neuropathic conditions will contribute to the increasing Pain Management Devices Market size.
Launch of Technologically Advanced Pain Management Devices Likely to Enable Market Growth
Technological advancements in pain management devices have played a huge part in the overall pain management market growth in recent years. Several companies have launched products with better feasibility and high operational efficacy. In January 2019, Boston Scientific announced the launch of an advanced chronic pain management device, which has been identified as one of the very few devices in the market with the ability to combine paresthesia and sub-perception therapy. The ‘Spectra WaveWriter SCS System’ was launched with the aim of offering a non-drug therapeutic approach for people suffering from chronic pain. The report encompasses product launches, similar to Boston Scientific’s latest device and signifies the importance and impact of such devices on the global Pain Management Devices Market.
35% Rise in Regulatory Approvals for Pain Management Device Indicates a Huge Potential for Growth in the Foreseeable Future
As the benefits of pain management devices have been unfolded in recent years, there has been an increase in adoption for these devices across the world. Resulting from the increasing demand for pain management devices, there has been a gradual increase in clinical approvals for these devices in recent years. According to the International Neuromodulation Society, the total number of approvals for neuromodulation devices from the Food and Drug Administration increased by approximately 35% in the past decade. Fortune Business Insights states that the growing usage approvals will favour the growth of the global Pain Management Devices Market in the forthcoming years.
Fortune Business Insights profiles a few of the companies that have generated substantial pain management market revenue in recent years. Some of the leading companies that are currently operating in the global pain management market are Medtronic, Boston Scientific Corporation, LivaNova, Abbott, DJO Global LLC, SPR Therapeutics, and Nevro Corp.
Pain Management Devices Market Companies
- Medtronic
- Boston Scientific Corporation
- LivaNova
- Abbott
- DJO Global LLC
- SPR Therapeutics
- Nevro Corp
- Other Prominent Players
Speak to Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/pain-management-devices-market-101069
Table of Content:
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Recent Industry Developments- Partnerships, Mergers, and Acquisitions
- Technological Advancements in Pain Management Devices Market
- Epidemics of Chronic Pain for Key Countries
- New Product Launch by Key Players
- Key Industry Trends
- Global Pain Management Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Electrical Stimulation Devices
- TENS (Transcutaneous Electric Nerve Stimulation)
- EMS (Electric Muscle Stimulation)
- Others
- RF Ablation Devices
- Neuromodulation Devices
- Spinal Cord Stimulation
- Deep Brain Stimulation
- Others
- Infusion Pumps
- Electrical Stimulation Devices
- Market Analysis, Insights and Forecast – By Application
- Musculoskeletal
- Brain
- Cancer
- Neuropathic Pain
- Others
- Market Analysis, Insights and Forecast – By End User
- Physiotherapy Centers
- Hospitals and Clinics
- Others (Home Care Settings and Ambulatory Surgery Centers)
- Market Analysis, Insights and Forecast – By Region/Country
- North America
- Europe
- Asia pacific
- Rest of the World
- Competitive Analysis
- Strategic Recommendations
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/pain-management-devices-market-101069
Browse Related Reports:
- Medical Devices Market Size, Share and Global Trend by Type (Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging, IVD, MIS, Wound Management, Diabetes Care, Ophthalmic Devices, Dental & Nephrology), End User (Hospitals & Ambulatory Surgical Centers and Clinics) and Geography Forecast till 2025
- Advanced Wound Care Market Size, Share and Global Trend by Product (Advanced Wound Dressings, Wound Care Devices & Active Wound Care), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds, Others), End User and Geography Forecast till 2025
- Medical Robots Market Size, Share and Global Trend by Product (Robotic Systems (Surgical Robots, Telepresence Robots, Rehabilitation Robots, Pharmacy and Hospital Automation Robots, Medical Transportation Robots, Others), Instruments & Accessories), By End User (Hospitals & Ambulatory Surgery Centers, Pharmacies, Pharmaceutical & Biotechnology Industries, Others) and Geography Forecast till 2026
- Point-Of-Care (Poc) Diagnostics Market Size, Share and Global Trend by Product (Blood Glucose Monitoring, Infectious Diseases, Cardiometabolic Diseases, Pregnancy and Fertility Testing Products, Hematology Testing Products, Others), By End User (Hospitals Bedside, Physician’s Office Lab, Urgent Care & Retail Clinics, Home and Self Testing) and Geography Forecast till 2026
About us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1-424-253-0390
UK :+44-2071-939123
APAC :+91-744-740-1245
Email: sales@fortunebusinessinsights.com
Website: https://www.fortunebusinessinsights.com
Acute Bacterial Skin And Skin Structure Infections (ABSSSI) Treatment Market