The Pain Management Devices market report is the investigation of different business perspectives like difficulties topographies, jumpers, limitations, openings, and significant players. This Pain Management Devices research report was totaled on the grounds of sub-fragments and market segments connected to the area.
New York, NY -- (SBWIRE) -- 06/13/2019 -- The market for pain management devices market was esteemed at an amazing 3.5 US$ billions in the year 2017 and was relied upon to develop at a twofold digit CAGR in the estimate time of 2019 to the year 2030. The investigation for Digital therapeutics led at MIR additionally contains a gauge for the years 2019 - 2030 as the figure time frame.
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Market Definition: Pain Management Devices
Pain Management or Pain Medicine deals are devices that are used with only one goal in mind that is to ease or at times eliminate pain, to ease the suffering and improving the quality of life of those who are in pain. This branch of medicine includes a wide array of devices and various other branches of medicines that deal with psychologists, therapists and physiotherapists to name a few. Different sorts of pain types are dealt with different types of pain management devices and solutions. The most commonly used homemade remedy to cure pain is to apply heat and cold to the pain induced area. More advanced applications for managing pain includes analgesic pumps and neuro stimulation devices, ablation devices to name a few. Pain management is used to deal with neuropathic, facial and migraine, cancer and musculoskeletal pain effects to name a few.
The market for Pain management devices is segmented into type, applications, on-going trends and the forecast. The neuro stimulation segment has the largest market share in the domain for application owing to various reasons such as high efficiency for chronic pain and cost effectiveness. The neuropathic pain segment accounts for the largest market segment owing to various reasons such as rising incidence and prevalence of diseases which lead to neuropathic pain.
Market drivers: Pain Management Devices
Technical advancements in the pain and therapy area
Increasing patient awareness and healthcare expenditure
Increasing prevalence of chronic and acute pain
Rising geriatric population
Market Restraints: Pain Management Devices
High cost related to pain management devices
Key Developments: Pain Management Devices
Pain medications that don't cause addiction, abuse and overdose are being in development since such a long time because scientists can't figure out how chronic pain works. The FDA recently fast tracked the drug tanezumab for immediate lessening of chronic pain and osteoarthritis pain. A team of researchers at Wake Forest University and the University of Bath in the U.K. is exploring a new kind of opioid that could relieve pain without affecting breathing or raising the chance for abuse.
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Pain Management Devices Market by Type
On the basis of type, the pain management devices market is segmented into ablation devices, neurostimulation devices, and analgesic infusion pumps. The ablation devices are further segmented into Radiofrequency ablation devices, and cryoablation devices. Similarly, the neurostimulation devices segment is bifurcated into Transcutaneous Electrical Nerve Stimulation (TENS) devices and Spinal Cord Stimulation (SCS) devices.
Pain Management Devices Market by Applications
Based on application, the market is segmented into neuropathic pain, facial pain & migraine, cancer pain, musculoskeletal pain, and other applications.
Pain Management Devices Market by Regions
The global pain management devices market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of pain management devices, followed by Europe and Asia Pacific. North America will continue to dominate the global pain management devices market in the forecast period owing to factors such as increasing incidences and prevalence of chronic diseases products and highly developed healthcare system.
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