Pune, India -- (SBWire) -- 05/09/2018 --Global Pain Relief Therapy Market Products (Prescription based products, OTC-based products {Pharmaceuticals, Medical Devices}), Mode of Purchase (Over-The-Counter, Prescribed), Application (Musculoskeletal Disorder, Sport Medicine, Post-operative, Post-trauma, Physical Therapy), End-User (Hospitals, Clinics, Ambulatory Centers, Physiotherapy Centers, Homecare Settings), Geography – Industry Trends and Forecast to 2024
The Global Pain Relief Therapy Market accounted to USD 900.0 million in 2016 growing at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The Global Pain Relief Therapy Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pain relief therapy market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors
Some of the major players of the global railway management system market are:-
- Johnson & Johnson Services, Inc.,
- Eli Lilly & Company,
- Merck & Co. Inc.,
- Pfizer, Inc.,
- Abbott Laboratories,
- Hoffmann La Roche Ltd.,
- DJO, LLC,
- Breg, Inc.,
- Beiersdorf AG,
- Medline Industries, Inc.,
- 3M,
- Sanofi,
- ROHTO Pharmaceutical Co., Ltd.,
- Össur Americas,
- Hisamitsu Pharmaceutical Co., Inc.,
- Calmar Pain Relief,
- LLC,
- UltraCare PRO,
- Polar Products Inc.,
- Agm Overseas,
- Stimwave LLC,
- Neurometrix,
- Niagara,
- Calmare Therapeutics Incorporated,
- Iskra Medical d.o.o.,
- THERALASE Technologies Inc.,
- Sombra Professional Therapy Products,
- Good Health Naturally,
- Endo Pharmaceuticals Inc.,
- BioElectronics Corporation,
- HYH,
- Danaher,
- ALLERGAN,
- Purdue Pharma
- among others
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Major Market Drivers and Restraints:
- Promising regulatory scenario
- Rise in geriatric population
- Increasing number of chronic diseases
- Rising accidental incidences
- Availability of alternative therapies
- Emerging economies
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Market Segmentation
By products:- Prescription based products, OTC-based products. The OTC based products is further sub-segmented into pharmaceuticals, and medical devices.
Pharmaceuticals segment is further sub-segmented into gels, ointments, and creams, sprays and foams, patches, and roll-ons.
Medical devices are further sub-segmented into cooling towels, compresses, wraps, and pads, and packs.
Prescription based products are further sub-segmented into motorized devices, and non-motorized devices.
On the basis of mode of purchase :- Over-the-counter, and prescribed.
On the basis of application:- Musculoskeletal disorder, sport medicine, post-operative, post-trauma, and physical therapy.
On the basis of end-user:- Hospitals, clinics, ambulatory centers, physiotherapy centers, and homecare settings.
On the basis of geography:-
- North America & South America,
- Europe,
- Asia-Pacific,
- Middle East & Africa.
Key Questions Addressed:
What is the current state of the Global Pain Relief Therapy Market and how will it develop over the next decade?
What are the key drivers of market growth, and the key challenges faced by the industry?
What are the major applications for Pain Relief Therapy Market and what are their respective growth profiles?
What is the technology challenges associated with Pain Relief Therapy Industry?
Who are the important players in the Pain Relief Therapy Market?
What is the size of the Pain Relief Therapy Market opportunity?
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Pain Relief Therapy Market Analysis by Recent Trends, Development and Growth Forecast by Regions and Applications to 2024
The Global Pain Relief Therapy Market is highly fragmented and is based on new product launches and clinical results of products.