The Pain Management Devices Market was worth USD 3.11 billion in 2016, and is expected to grow at a CAGR of 8.6%, to reach USD 4.7 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 02/15/2018 -- According to a new market research report "Pain Management Devices Market by Device Type (Neurostimulation Devices, Ablation Devices and Analgesic Infusion Pumps), by Application (Cancer, Neuropathic pain, Musculoskeletal, Migraine and Facial), by Mode of Purchase (OTC, Prescription-Based)- Global Forecast to 2021", published by MarketDataForecast™, the market is expected to reach USD 4.74 Billion by 2021 from USD 3.68 Billion in 2016, at a CAGR of 8.9%. Factor driving the growth of this market is the boom in demand for alternatives for ache control pills which reason many facet consequences. Lot of patients with persistent illnesses especially in geriatric population and technological improvements to expand higher pain control gadgets is predicted to force the market. Increase in most cancers sufferers and boom in neuropathic illnesses also are boosting the pain management gadgets marketplace.
Browse Market Data Tables and Figures spread through 175 Pages and in-depth TOC on "Pain Management Devices Market"
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Neurostimulation devices accounted for the largest market share in 2016
With the aid of tool kind, the Pain management devices marketplace is classed into neurostimulation devices, ablation devices and analgesic infusion pumps. The neurostimulation gadgets are expected to steer the worldwide pain control gadgets market in 2016. Factors using the increase of this section include the full-size usage in continual Pain management
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On the basis of application, the marketplace is labelled as Neuropathic pain, Facial pain and migraine, musculoskeletal pain, cancer ache and other pains. On the basis of mode of purchase, the marketplace is categorised into over the counter buy and prescription based totally purchase.
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North America is estimated to command the largest share of the market
Primarily based on location, the Pain Management Devices marketplace is segmented into North America, Europe, Asia, and rest of the world (RoW). North America is expected to dominate the Pain Management Devices marketplace in 2016. This is attributed to factors inclusive of extensive populace using their own devices and also because of the development of healthcare infrastructure in this vicinity.
Key players in the Pain Management Devices Market include Pfizer, DJO Global LLC, Medtronic plc, Baxter international, Stryker corporation, Codman and Shurtleff, B Braun Melsungen AG and Boston Scientific Corporation.
The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
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