The global pain management devices market is projected to reach $US$ 17,004.2 Mn by 2027 registering a CAGR of 14.6% from 2019 to 2027


Posted July 14, 2020 by ShrutiCMI

According to R&D Pain Management devices is also expected to aid in growth of chronic neuropathic,cancer pain,Sinus pain.However,In July 2019,ivic Health Systems,a developer of sinus pain relief device raised US$ 8 Mn in launch of its device.

 
Key Trends:
Key trends in the market include viral disease outbreaks, the increasing prevalence of neuropathic pain, cancer pain, nociceptive pain, and musculoskeletal pain products in the market.
Pain management devices are the electrical or non electrical devices used to deal with acute pain management in patients who are suffering from Spinal cord stimulators, transcutaneous electrical nerve stimulation devices, analgesic infusion pumps,ablation devices and sinus pain relief pumps,drops are different forms of pain management devices available in the market.
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Key Market Takeaways:

One of the most significant drawbacks of spinal cord stimulation is that the therapy does not produce the desired results for everyone.
Spinal cord stimulation is considered successful if pain is reduced pain by at least half, but not everyone got that satisfied results But in clinical low-frequency therapy, about 50% to 60% of those reaches to best results,but studies have shown more than 80% experience significant pain relief when using newer, high-frequency therapy.

According to report, the market is projected to witness a substantial growth in the tenure between 2015 and 2023.

Key players operating in market are :
Few of the major competitors currently working in the pain management devices market are Baxter. (US), Boston Scientific Corporation (US), Medtronic (US), St. Jude Medical (US), Bio-Medical Research (UK), Codman and Shurtleff, Inc. (US), Stryker (US), Hospira Inc. (US), Smiths Medical (UK), Kimberly-Clark Corporation (US), DJO Global (US), B. Braun Melsungen AG. (Germany) Pain Management, Inc (US), Theragen Inc. (US), BD (US), Baxter (US), Smiths Group plc. (US), DePuy Synthes (US

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Competitive Analysis:

Global pain management devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this
market. The report includes market shares of pain management devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Related Topics:
HEALTHCARE CONTRACT RESEARCH OUTSOURCING MARKET
Healthcare Contract Research Outsourcing is conducted by pharmaceutical and medical device sectors for development of new drugs and medical devices. Clinical trials form the key part of pharmaceutical drug and medical device development and in the current scenario clinical trials are conducted across multiple locations in various geographies. Increasing cost and time required for drug development is expected to propel growth of the global healthcare contract research outsourcing market over the forecast period
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Last Updated July 14, 2020