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Pain Management Devices Market Size, Share & Trends Analysis Report By Product (RFA, Neurostimulation), By Application (Neuropathic Pain, Cancer), By Region (APAC, North America), And Segment Forecasts, 2022 - 2030

April 2022 | 150 pages | ID: P9CE014611DEN
Grand View Research, Inc.

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Pain Management Devices Market Growth & Trends

The global pain management devices market size is expected to reach USD 14.1 billion by 2030, registering a CAGR of 9.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic pain and technological advancements are driving the market growth. The rising prevalence of chronic diseases, coupled with the increasing geriatric population, across the globe is another major factor augmenting the market growth. A high preference for pain management devices over oral drugs and surgical interventions is also likely to be a key growth-driving factor for the market over the forecast period. The global market is expected to witness strong growth as a result of various technological advancements in this field.

The recent electrostimulation devices that are launching in the marketplace have advancements in the form of Microelectromechanical Systems (MEMS), Artificial Intelligence (AI), and machine learning applications. In September 2020, Boston Scientific launched WaveWriter Alpha Spinal Cord Stimulator Systems for personalized pain relief, in Europe. This would significantly expand the company’s portfolio. In February 2022, Boston Scientific Corp. closed the acquisition of Baylis Medical Company, Inc. This acquisition expanded Boston Scientific’s structural heart and electrophysiology product portfolios and included the radiofrequency NRG and VersaCross Transseptal Platforms and dilators used to support left heart access.

Moreover, cases of musculoskeletal disorders, such as arthritis, osteoarthritis, orthopedic degenerative disorders, and rheumatoid arthritis, are increasing at a significant rate. This has augmented the prevalence of chronic pain in these individuals and the inability to carry out routine tasks. For instance, according to the CDC, over 24.5% of adults in the U.S. were suffering from arthritis in 2020, making this the primary reason for work disability. Most of the elective surgeries were postponed or canceled during the COVID-19 pandemic to a rise in the exposure of the patients as well as the healthcare providers, which is expected to increase the demand for pain management devices. In August 2020, the U.S. FDA issued an Emergency Use Authorization (EUA) for the non-invasive vagus nerve stimulator to assist COVID-19 patients at home with asthma-related dyspnea.

Pain Management Devices Market Report Highlights
  • In terms of revenue, the neurostimulation segment dominated the market in 2021 owing to the increasing prevalence of the neurological disorder
  • The radiofrequency ablation segment is expected to register the fastest CAGR over the forecast period owing to the high prevalence of chronic & CVDs and the preference for minimally-invasive surgeries
  • The neuropathic pain application segment dominated the market in 2021 due to the new product launches by industry players and the increasing prevalence of neuropathic pain
  • The cancer application segment is expected to register the fastest CAGR over the forecast period owing to the increasing product usage for cancer-related pain
CHAPTER 1 RESEARCH METHODOLOGY & SCOPE

1.1 Market Segmentation & Scope
  1.1.1 Estimates and Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
  1.3.1 Purchased database
  1.3.2 GVR’s Internal Database
  1.3.3 Secondary sources
  1.3.4 Primary Research
  1.3.5 Details of Primary Research
    1.3.5.1 Data for primary interviews in North America
    1.3.5.2 Data for primary interviews in Europe
    1.3.5.3 Data for primary interviews in the Asia Pacific
    1.3.5.4 Data for primary interviews in the Middle East and Africa
1.4 Information or Data Analysis
  1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
  1.6.1 Commodity Flow Analysis (Model 1)
    1.6.1.1 Approach 1: Commodity Flow Approach
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 Report Objectives

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Outlook
  2.1.1 Pain Management Devices Market Outlook, 2017 - 2030 (USD Million)
2.2 Segment Outlook
2.3 Competitive Outlook
2.4 Pain Management Devices Market Summary, 2021

CHAPTER 3 PAIN MANAGEMENT DEVICES MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Lineage Outlook
  3.1.1 Parent market analysis
  3.1.2 Ancillary market Analysis
3.2 Penetration & Growth Prospect Mapping
3.3 Technology Timeline Overview
3.4 Pricing Analysis
3.5 Regulatory Framework
  3.5.1 List of regulatory bodies
3.6 Pain Management Devices Market Dynamics
  3.6.1 Market driver analysis
  3.6.2 Market restraint analysis
3.7 Pain Management Devices Market Analysis Tools: Porters
  3.7.1 Supplier Power
  3.7.2 Buyer Power
  3.7.3 Threat Of Substitutes
  3.7.4 Threat Of New Entrants
  3.7.5 Competitive Rivalry
3.8 PESTEL Analysis
  3.8.1 Political Landscape
  3.8.2 Economic Landscape
  3.8.3 Social Landscape
  3.8.4 Technology Landscape
  3.8.5 Environmental Landscape
  3.8.6 Legal Landscape
3.9 Major Deals & Strategic Alliances Analysis
  3.9.1 Mergers & Acquisitions
  3.9.2 product launch
  3.9.3 Expansion
  3.9.4 Partnership & Collaborations
  3.9.5 Market Entry Strategies
3.10 Disease Prevalence Analysis
3.11 Hospitalization Cost Analysis
3.12 COVID 19 Impact Analysis
  3.12.1 Current & future impact analysis
  3.12.2 Opportunity analysis
  3.12.3 Impact on Market Players

CHAPTER 4 PAIN MANAGEMENT DEVICES MARKET: COMPETITIVE ANALYSIS

4.1 Market Participation Categorization
4.2 Public Companies
  4.2.1 Company market position analysis
  4.2.2 Competitive Dashboard Analysis
    4.2.2.1 Market Differentiators
  4.2.3 Company Market Share
  4.2.4 Competitive Dashboard Analysis
4.3 Private Companies
  4.3.1 List of key emerging companies

CHAPTER 5 PAIN MANAGEMENT DEVICES MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

5.1 Product Market Share Analysis, 2021 & 2030
5.2 Product Dashboard
  5.2.1 Electrical Stimulators
    5.2.1.1 Electrical stimulators market estimates and forecasts, 2017 - 2030 (USD Million)
    5.2.1.2 TENS (Transcutaneous Electrical Nerve Stimulators)
      5.2.1.2.1 TENS (Transcutaneous Electrical Nerve Stimulators) market estimates and forecasts, 2017 - 2030 (USD Million)
    5.2.1.3 Other electrical stimulators
      5.2.1.3.1 Other electrical stimulators market estimates and forecasts, 2017 - 2030 (USD Million)
  5.2.2 Radiofrequency Ablation
    5.2.2.1 Radiofrequency ablation market estimates and forecasts, 2017 - 2030 (USD Million)
  5.2.3 Analgesic Infusion Pumps
    5.2.3.1 Analgesic infusion pumps market estimates and forecasts, 2017 - 2030 (USD Million)
    5.2.3.2 Intrathecal Infusion Pumps
      5.2.3.2.1 Intrathecal infusion pumps market estimates and forecasts, 2017 - 2030 (USD Million)
    5.2.3.3 External infusion pumps
      5.2.3.3.1 External infusion pumps market estimates and forecasts, 2017 - 2030 (USD Million)
  5.2.4 Neurostimulation
    5.2.4.1 Neurostimulation market estimates and forecasts, 2017 - 2030 (USD Million)
    5.2.4.2 Spinal cord stimulators
      5.2.4.2.1 Spinal cord stimulators market estimates and forecasts, 2017 - 2030 (USD Million)
    5.2.4.3 Deep brain stimulators
      5.2.4.3.1 Deep brain stimulators market estimates and forecasts, 2017 - 2030 (USD Million)
    5.2.4.4 Sacral neurostimulators
      5.2.4.4.1 Sacral neurostimulators market estimates and forecasts, 2017 - 2030 (USD Million)
    5.2.4.5 Others
      5.2.4.5.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)

CHAPTER 6 PAIN MANAGEMENT DEVICES MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

6.1 Application Market Share Analysis, 2021 & 2030
6.2 Application Dashboard
6.3 Cancer
  6.3.1 Cancer market estimates and forecasts, 2017 - 2030 (USD Million)
6.4 Neuropathic Pain
  6.4.1 Neuropathic pain market estimates and forecasts, 2017 - 2030 (USD Million)
6.5 Facial & Migraine
  6.5.1 Facial & migraine market estimates and forecasts, 2017 - 2030 (USD Million)
6.6 Musculoskeletal Disorder
  6.6.1 Musculoskeletal disorder market estimates and forecasts, 2017 - 2030 (USD Million)
6.7 Trauma
  6.7.1 Trauma market estimates and forecasts, 2017 - 2030 (USD Million)
6.8 Others
  6.8.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)

CHAPTER 7 PAIN MANAGEMENT DEVICES MARKET: REGIONAL ESTIMATES & TREND ANALYSIS, BY, PRODUCT, APPLICATION

7.1 Regional Market Snapshot
7.2 Market Share Analysis by Country, 2021
  7.2.1 North America
  7.2.2 Europe
  7.2.3 Asia Pacific
  7.2.4 Latin America
  7.2.5 MEA
7.3 North America
  7.3.1 North America Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.3.2 U.S.
    7.3.2.1 U.S. Pain Management Devices market estimates and forecasts, 2017 - 2030(USD Million)
  7.3.3 Canada
    7.3.3.1 Canada Pain Management Devices market estimates and forecasts, 2017 - 2030(USD Million)
7.4 Europe
  7.4.1 Europe Pain Management Devices MARKET estimates and forecasts, 2017 - 2030 (USD Million)
  7.4.2 U.K.
    7.4.2.1 U.K. Pain Management Devices market estimates and forecasts, 2017 - 2030(USD Million)
  7.4.3 Germany
    7.4.3.1 Germany Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.4.4 France
    7.4.4.1 France Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.4.5 Italy
    7.4.5.1 Italy Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.4.6 Spain
    7.4.6.1 Spain Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.4.7 Netherlands
    7.4.7.1 Netherlands Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
7.5 Asia Pacific
  7.5.1 Asia Pacific Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.5.2 Japan
    7.5.2.1 Japan Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.5.3 China
    7.5.3.1 China Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.5.4 India
    7.5.4.1 India Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.5.5 Australia
    7.5.5.1 Australia Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
7.6 Latin America
  7.6.1 Latin America Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.6.2 Mexico
    7.6.2.1 Mexico Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.6.3 Brazil
    7.6.3.1 Brazil Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.6.4 Argentina
    7.6.4.1 Argentina Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
7.7 MEA
  7.7.1 MEA Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.7.2 South Africa
    7.7.2.1 South Africa Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)
  7.7.3 Saudi Arabia
    7.7.3.1 Saudi Arabia Pain Management Devices market estimates and forecasts, 2017 - 2030 (USD Million)

CHAPTER 8 COMPANY PROFILES

8.1 B Braun Melsungen AG
  8.1.1 Company overview
  8.1.2 Financial performance
  8.1.3 Product benchmarking
  8.1.4 Strategic initiatives
8.2 Baxter
  8.2.1 Company overview
  8.2.2 Product benchmarking
  8.2.3 Strategic initiatives
8.3 Boston Scientific Corporation or its affiliates.
  8.3.1 Company overview
  8.3.2 Financial Performance
  8.3.3 Product benchmarking
  8.3.4 Strategic initiatives
8.4 Nevro Corp.
  8.4.1 Company overview
  8.4.2 Financial Performance
  8.4.3 Product benchmarking
  8.4.4 Strategic initiatives
8.5 Enovis
  8.5.1 Company overview
  8.5.2 Product benchmarking
  8.5.3 Strategic initiatives
8.6 OMRON Healthcare, Inc.
  8.6.1 Company overview
  8.6.2 Financial Performance
  8.6.3 Product benchmarking
  8.6.4 Strategic initiatives
8.7 Medtronic
  8.7.1 Company overview
  8.7.2 Financial Performance
  8.7.3 Product benchmarking
  8.7.4 Product benchmarking
8.8 ICU Medical, Inc.
  8.8.1 Company overview
  8.8.2 Financial Performance
  8.8.3 Product benchmarking
  8.8.4 Strategic initiatives
8.9 Abbott
  8.9.1 Company overview
  8.9.2 Financial performance
  8.9.3 Product benchmarking
  8.9.4 Strategic initiatives
8.10 Stryker
  8.10.1 Company overview
  8.10.2 Financial performance
  8.10.3 Product benchmarking
  8.10.4 Strategic initiatives
8.11 Stimwave LLC
  8.11.1 Company overview
  8.11.2 Financial performance
  8.11.3 Product benchmarking
  8.11.4 Strategic initiatives
LIST OF TABLES

TABLE 1 List of secondary sources
TABLE 2 List of key emerging companies
TABLE 3 North America pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 4 North America pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 5 U.S. pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 6 U.S. pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 7 Canada pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 8 Canada pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 9 Europe pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 10 Europe pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 11 U.K. pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 12 U.K. pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 13 Germany pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 14 Germany pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 15 France pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 16 France pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 17 Italy pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 18 Italy pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 19 Spain pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 20 Spain pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 21 Netherlands pain management devices market estimates and forecasts, by product, 2017 - 2030(USD Million)
TABLE 22 Netherlands pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 23 Asia Pacific pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 24 Asia Pacific pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 25 Japan pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 26 Japan pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 27 China pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 28 China pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 29 India pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 30 India pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 31 Australia pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 32 Australia pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 33 Latin America pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 34 Latin America pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 35 Brazil pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 36 Brazil pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 37 Mexico pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 38 Mexico pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 39 Argentina pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 40 Argentina pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 41 MEA pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 42 MEA pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 43 South Africa pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 44 South Africa pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
TABLE 45 Saudi Arabia pain management devices market estimates and forecasts, by product, 2017 - 2030 (USD Million)
TABLE 46 Saudi Arabia pain management devices market estimates and forecasts, by application, 2017 - 2030 (USD Million)
LIST OF FIGURES

FIG. 1 Market segmentation
FIG. 2 Market research process
FIG. 3 Data triangulation techniques
FIG. 4 Primary research pattern
FIG. 5 Primary interviews in North America
FIG. 6 Primary interviews in Europe
FIG. 7 Primary interviews in Asia Pacific
FIG. 8 Primary interviews in Middle East and Africa
FIG. 9 Market research approaches
FIG. 10 Value-chain-based sizing & forecasting
FIG. 11 QFD modeling for market share assessment
FIG. 12 Market formulation & validation
FIG. 13 Commodity flow analysis
FIG. 14 Pain management devices market snapshot
FIG. 15 Penetration & growth prospect mapping
FIG. 16 Technology impact analysis
FIG. 17 Pain management devices market dynamics
FIG. 18 Pain management devices market driver impact
FIG. 19 Pain management devices market restraint impact
FIG. 20 Strategy mapping
FIG. 21 Market participant categorization
FIG. 22 Company market position analysis
FIG. 23 Market differentiators
FIG. 24 Company market share analysis
FIG. 25 Competitive dashboard analysis
FIG. 26 Pain management devices market: Product movement analysis
FIG. 27 Pain management devices market product dashboard
FIG. 28 Global Electrical stimulators market, 2017 - 2030 (USD Million)
FIG. 29 Global TENS (Transcutaneous Electrical Nerve Stimulators) market, 2017 - 2030 (USD Million)
FIG. 30 Global other electrical stimulators market, 2017 - 2030 (USD Million)
FIG. 31 Global radiofrequency ablation market, 2017 - 2030 (USD Million)
FIG. 32 Global analgesic infusion pumps market, 2017 - 2030 (USD Million)
FIG. 33 Global intrathecal infusion pumps market, 2017 - 2030 (USD Million)
FIG. 34 Global external infusion pumps market, 2017 - 2030 (USD Million)
FIG. 35 Global neurostimulation market, 2017 - 2030 (USD Million)
FIG. 36 Global spinal cord stimulators market, 2017 - 2030 (USD Million)
FIG. 37 Global deep brain stimulators market, 2017 - 2030 (USD Million)
FIG. 38 Global sacral neurostimulators market, 2017 - 2030 (USD Million)
FIG. 39 Global others market, 2017 - 2030 (USD Million)
FIG. 40 Pain management devices market: Application movement analysis
FIG. 41 Pain management devices Application dashboard
FIG. 42 Global cancer market, 2017 - 2030 (USD Million)
FIG. 43 Global neuropathic pain market, 2017 - 2030 (USD Million)
FIG. 44 Global facial & migraine market, 2017 - 2030 (USD Million)
FIG. 45 Global musculoskeletal disorder market, 2017 - 2030 (USD Million)
FIG. 46 Global trauma market, 2017 - 2030 (USD Million)
FIG. 47 Regional market place: Key takeaways
FIG. 48 North America pain management devices market share by countries, 2021
FIG. 49 Europe pain management devices market share by countries, 2021
FIG. 50 Asia pacific pain management devices market share by countries, 2021
FIG. 51 Latin America pain management devices market share by countries, 2021
FIG. 52 MEA pain management devices market share by countries, 2021
FIG. 53 Regional outlook, 2021 & 2030
FIG. 54 North America pain management devices market, 2017 - 2030 (USD Million)
FIG. 55 U.S. pain management devices market, 2017 - 2030 (USD Million)
FIG. 56 Canada pain management devices market, 2017 - 2030 (USD Million)
FIG. 57 Europe pain management devices market, 2017 - 2030 (USD Million)
FIG. 58 U.K. pain management devices market, 2017 - 2030 (USD Million)
FIG. 59 Germany pain management devices market, 2017 - 2030 (USD Million)
FIG. 60 France pain management devices market, 2017 - 2030 (USD Million)
FIG. 61 Italy pain management devices market, 2017 - 2030 (USD Million)
FIG. 62 Spain pain management devices market, 2017 - 2030 (USD Million)
FIG. 63 Netherlands pain management devices market, 2017 - 2030 (USD Million)
FIG. 64 Asia Pacific pain management devices market, 2017 - 2030 (USD Million)
FIG. 65 Japan pain management devices market, 2017 - 2030 (USD Million)
FIG. 66 China pain management devices market, 2017 - 2030 (USD Million)
FIG. 67 India pain management devices market, 2017 - 2030 (USD Million)
FIG. 68 Australia pain management devices market, 2017 - 2030 (USD Million)
FIG. 69 Latin America pain management devices market, 2017 - 2030 (USD Million)
FIG. 70 Mexico pain management devices market, 2017 - 2030 (USD Million)
FIG. 71 Brazil pain management devices market, 2017 - 2030 (USD Million)
FIG. 72 Argentina pain management devices market, 2017 - 2030 (USD Million)
FIG. 73 MEA pain management devices market, 2017 - 2030 (USD Million)
FIG. 74 South Africa pain management devices market, 2017 - 2030 (USD Million)
FIG. 75 Saudi Arabia pain management devices market, 2017 - 2030 (USD Million)


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