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Pain Management Devices Market Size, Trends, Analysis, and Outlook By Type (Neurostimulation Devices, Infusion Pumps, Ablation Devices), By Application (Neuropathic Pain, Musculoskeletal Pain, Cancer Pain, Facial Pain & Migraine, Others), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: PE6D366CEFA0EN
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The global Pain Management Devices market size is poised to register 8.2% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Pain Management Devices market across By Type (Neurostimulation Devices, Infusion Pumps, Ablation Devices), By Application (Neuropathic Pain, Musculoskeletal Pain, Cancer Pain, Facial Pain & Migraine, Others)

The future of the pain management devices market is influenced by increasing prevalence of chronic pain conditions, rising demand for non-pharmacological pain relief options, and growing emphasis on personalized pain management strategies. Pain management devices encompass a wide range of technologies and modalities used to alleviate acute and chronic pain, including transcutaneous electrical nerve stimulation (TENS), spinal cord stimulation (SCS), and radiofrequency ablation (RFA). With the opioid epidemic and concerns about long-term opioid use, there is a growing interest in pain management devices that offer drug-free alternatives for pain relief, improved function, and enhanced quality of life. Further, technological innovations such as closed-loop systems, wearable pain relief devices, and neurostimulation algorithms are driving the development of next-generation pain management solutions with improved efficacy, patient comfort, and treatment customization. Over the forecast period to 2030, expanding applications in neuropathic pain, musculoskeletal pain, and cancer pain management, coupled with increasing investments in neuromodulation research and digital health solutions, are expected to drive market growth and innovation, enabling pain specialists and healthcare providers to address the complex needs of patients with chronic pain conditions and improve their overall well-being.

Pain Management Devices Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Pain Management Devices market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Pain Management Devices survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Pain Management Devices industry.

Key market trends defining the global Pain Management Devices demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Pain Management Devices Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Pain Management Devices industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Pain Management Devices companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Pain Management Devices industry

Leading Pain Management Devices companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Pain Management Devices companies.

Pain Management Devices Market Study- Strategic Analysis Review

The Pain Management Devices market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Pain Management Devices Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Pain Management Devices industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Pain Management Devices Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Pain Management Devices Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Pain Management Devices market segments. Similarly, Strong market demand is encouraging Canadian Pain Management Devices companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Pain Management Devices market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Pain Management Devices Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Pain Management Devices industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Pain Management Devices market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Pain Management Devices Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Pain Management Devices in Asia Pacific. In particular, China, India, and South East Asian Pain Management Devices markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Pain Management Devices Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Pain Management Devices Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Pain Management Devices market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Pain Management Devices.

Pain Management Devices Market Company Profiles

The global Pain Management Devices market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Abbott Laboratories, AtriCure Inc, Avanos Medical Inc, B. Braun Melsungen AG, Baxter International Inc, Becton, Dickinson and Company, Bioness Inc, BlueWind Medical Ltd, Boston Scientific Corp, Epic Medical Inc, Gimer Medical, InfuTronix Solutions LLC, Medtronic plc, Micrel Medical Devices S.A., MicroTransponder Inc, Mindray Medical International Ltd, Moog Inc, Neuronano AB, Nevro Corp, Nipro Corp, Shenzhen MedRena Biotech Co. Ltd, Smiths Group plc, Soterix Medical Inc, Stryker Corp, Teleflex Inc.

Recent Pain Management Devices Market Developments

The global Pain Management Devices market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Pain Management Devices Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Type

Neurostimulation Devices

Infusion Pumps

Ablation Devices

By Application

Neuropathic Pain

Musculoskeletal Pain

Cancer Pain

Facial Pain & Migraine

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Abbott Laboratories

AtriCure Inc

Avanos Medical Inc

B. Braun Melsungen AG

Baxter International Inc

Becton, Dickinson and Company

Bioness Inc

BlueWind Medical Ltd

Boston Scientific Corp

Epic Medical Inc

Gimer Medical

InfuTronix Solutions LLC

Medtronic plc

Micrel Medical Devices S.A.

MicroTransponder Inc

Mindray Medical International Ltd

Moog Inc

Neuronano AB

Nevro Corp

Nipro Corp

Shenzhen MedRena Biotech Co. Ltd

Smiths Group plc

Soterix Medical Inc

Stryker Corp

Teleflex Inc

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Pain Management Devices Market Overview and Key Findings, 2024
1.2 Pain Management Devices Market Size and Growth Outlook, 2021- 2030
1.3 Pain Management Devices Market Growth Opportunities to 2030
1.4 Key Pain Management Devices Market Trends and Challenges
  1.4.1 Pain Management Devices Market Drivers and Trends
  1.4.2 Pain Management Devices Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Pain Management Devices Companies

2. PAIN MANAGEMENT DEVICES MARKET SIZE OUTLOOK TO 2030

2.1 Pain Management Devices Market Size Outlook, USD Million, 2021- 2030
2.2 Pain Management Devices Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. PAIN MANAGEMENT DEVICES MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. PAIN MANAGEMENT DEVICES MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Type
Neurostimulation Devices
Infusion Pumps
Ablation Devices
By Application
Neuropathic Pain
Musculoskeletal Pain
Cancer Pain
Facial Pain & Migraine
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Pain Management Devices Market, 2025
5.2 Asia Pacific Pain Management Devices Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Pain Management Devices Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Pain Management Devices Market, 2025
5.5 Europe Pain Management Devices Market Size Outlook by Type, 2021- 2030
5.6 Europe Pain Management Devices Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Pain Management Devices Market, 2025
5.8 North America Pain Management Devices Market Size Outlook by Type, 2021- 2030
5.9 North America Pain Management Devices Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Pain Management Devices Market, 2025
5.11 South America Pacific Pain Management Devices Market Size Outlook by Type, 2021- 2030
5.12 South America Pain Management Devices Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Pain Management Devices Market, 2025
5.14 Middle East Africa Pain Management Devices Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Pain Management Devices Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Pain Management Devices Market Size Outlook and Revenue Growth Forecasts
6.2 US Pain Management Devices Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Pain Management Devices Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Pain Management Devices Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Pain Management Devices Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Pain Management Devices Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Pain Management Devices Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Pain Management Devices Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Pain Management Devices Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Pain Management Devices Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Pain Management Devices Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Pain Management Devices Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Pain Management Devices Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Pain Management Devices Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Pain Management Devices Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Pain Management Devices Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Pain Management Devices Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Pain Management Devices Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Pain Management Devices Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Pain Management Devices Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Pain Management Devices Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Pain Management Devices Industry Drivers and Opportunities

7. PAIN MANAGEMENT DEVICES MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. PAIN MANAGEMENT DEVICES COMPANY PROFILES

8.1 Profiles of Leading Pain Management Devices Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Abbott Laboratories
AtriCure Inc
Avanos Medical Inc
B. Braun Melsungen AG
Baxter International Inc
Becton, Dickinson and Company
Bioness Inc
BlueWind Medical Ltd
Boston Scientific Corp
Epic Medical Inc
Gimer Medical
InfuTronix Solutions LLC
Medtronic plc
Micrel Medical Devices S.A.
MicroTransponder Inc
Mindray Medical International Ltd
Moog Inc
Neuronano AB
Nevro Corp
Nipro Corp
Shenzhen MedRena Biotech Co. Ltd
Smiths Group plc
Soterix Medical Inc
Stryker Corp
Teleflex Inc.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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