Skip to main content

Global Pain Management Devices Market To Reach Worth USD 4.2 Bn By 2022: Credence ResearchPain Management Devices

According to the latest report published by Credence Research, Inc. “Global Pain Management Devices Market - Growth, Opportunities, Competitive Analysis, and Forecast, 2016 - 2022,” the  pain management devices market was valued at USD 3,187.5 Mn in 2015, and is expected to reach USD 6,241.2 Mn by 2022, expanding at a CAGR of 9.8% from 2016 to 2022.
Market Insights
Aging global population, rising prevalence chronic pain, cancer and similar such debilitating conditions, and growth in government initiatives in mitigating the threat of chronic pain are the major factors that contribute to the rise in demand for pain management solutions in the global market. The market growth of pain management devices is greatly supported by the increase in patients suffering from cancer, neurological diseases, trauma, arthritis and other inflammatory diseases. Conventional drug based therapies always come with the threat of side effects thus giving rise to R&D efforts for introducing advanced pain management options with higher efficacy and safety and thus pain management devices.
Introduction of infusion pumps for pain management that offer precise drug dosage while simultaneously meeting the need for treatment compliance is a prime factor that suggests the growth of this segment in the near future. Neurostimulation devices for deep nerve stimulation, spinal cord stimulation and others is a major segment to watch for considering the staggering prevalence of neurological conditions. In terms of applications, neuropathic pain is estimated to dominate the market revenue share.
United States (North America) will dominate the global pain management devices through the forecast period followed by followed by Europe. The growth in these regions is supported by high prevalence of chronic and life-style related diseases, and neurological pain. Asia-Pacific on the other hand, is estimated to be the fastest growing regional market during the forecast period. Huge population base, growing awareness,  and rapid development of healthcare infrastructure significantly contribute to the growth of Asia-Pacific pain management devices market.
The competition among the market players engaged in neuropathic and musculoskeletal pain segments is  high with several market players intensively focusing on development of advanced pain management solutions that exhibit efficacy and safety at competitive prices. Some of the major companies operating in the global pain management devices market are Medtronic, Smiths Medical, St. Jude Medical, Boston Scientific Corp., Stryker Corporation and others.
Table of Content
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
Chapter 2 Executive Summary
2.1 Pain Management Devices Market Share, by Products, 2015 (Value %)
2.2 Pain Management Devices Market, by Applications, 2014-2022 (USD Mn)
2.3 Pain Management Devices Market Share, by Geography, 2015 (Value %)
Chapter 3 Pain Management Devices Market: Market Dynamics and Outlook
3.1 Introduction, Facts and Figures
3.2 Drivers
3.3 Challenges
3.4 Future Prospects
3.5 Attractive Investment Proposition
3.1 Competitive Analysis: Fractal Map Investigation, by Key Market Players
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
Ph: 1-800-361-8290
Labels:

Comments

Post a Comment

Popular posts from this blog

Articulated Arm Machine Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023

According to a new market report published by Credence Research, Inc., “ Articulated Arm Machine Market  (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Price (Low-end Articulated Arms, Mid-range Articulated Arms, and High-end Articulated Arms)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global articulated arm machine market is expected to witness steady growth in demand, expanding at a CAGR of 8.2% during the forecast period 2016 to 2023. Browse the full Articulated Arm Machine (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Price (Low-end Articulated Arms, Mid-range Articulated Arms, and High-end Articulated Arms)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at  http://www.crede
Post a Comment
Read more

Base Oil Market Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017 – 2023: Credence Research

Credence Research has recently issued a new market assessment report titled “Base Oil – Growth, Future Prospects and Competitive Analysis, 2016 – 2023”. The global Base Oil Market study provides a comprehensive view of the ongoing and future phases of the Base Oil industry based on parameters such as major commercial events, research initiatives, government guidelines, market drivers, restraints and opportunities and detailed industry segmentation and regional distribution. Browse the report at  http://www.credenceresearch.com/report/base-oil-market Based on geographic/regional distribution the global Base Oil Market is studied for key regional markets focusing on the respective geographic trends and statistics, and thereby delivering market size and forecast values. The Base Oil Market based on geographic classification is studied for North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa markets. Among these, the North America, Europe and Asia-Pacific Ba
Post a Comment
Read more

Algae Products Market Key Growth Factors and Industry Analysis 2023: Credence Research

According to a new market report published by Credence Research “ Algae Products Market  - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023,” the algae products market is expected to reach US$ 44.7 Bn by 2023, expanding at a CAGR of more than 5.0% from 2016 to 2023. Browse the full report at  http://www.credenceresearch.com/report/algae-products-market Market Insights: Algae are a diverse group of photosynthetic organisms which are not closely related and hence are known to be polyphyletic. They are plats which range from microalgae to macro algae. Algae are grown using water resources such as sea and waste water which are not suitable for growing agricultural crops. Microalgae grow using sunlight i.e. photosynthesis, by converting sunlight, CO2 and nutrients such as phosphorus and nitrogen into biomass. This growth is also known as autotrophic growth. Some algae can grow in the dark using sugar starch or by combining both the growth modes. Based on applica
Post a Comment
Read more