Pain Management Devices Market Likely to Reach Beyond $5.81 Billion due to Rise in Demand from Developing Countries by 2023
Pain Management Devices Market report explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Drivers, Restraints, Opportunities, Challenges, Macroeconomic Indicators and Technology Trends & Assessment.
Pune, India – July 31, 2018 /MarketersMedia/ —
Pain Management Devices Market – Competitive Analysis
The market development by competitors encompasses strong risk management strategies which will positively influence the market. The momentum of the market’s growth has altered the competitive background of the market. The contenders in the market are also leveraging their competitive advantages to secure their growth in the market. The challengers in the market are persistently trying to establish leading market positions through new policies and strategies. The experienced management in the companies functioning in the market are making business models which can bring about a fruitful phase of development. The significant trends and players have established a positive tone for development. The competitors in the market are trying to prosper commercially by ensuring demand and supply are in balance.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/1504
Industry Updates:
June 2018 Halyard Health recently stated that it had signed a $65 million deal to buy CoolSystems, which is a cold and compression Therapy Company which markets under the name of Game Ready. CoolSystems makes devices intended for rehabilitation and pain management of patients improving from sports-related injuries and orthopedic surgery, counting its Med4 Elite multi-modality therapy unit, GRPro 2.1 cold and compression therapy system, and ATX wraps. Halyard has stated that the products acquired with the company will accompany its current pain management portfolio. The purchase of Game Ready signifies another step forward in Halyard’s change as a pure-play medical device company.
Pain Management Devices Market – Key Players
Baxter International Inc. (US), Boston Scientific Corporation (US), Medtronic Plc (US), St. Jude Medical (US), Bio-Medical Research (BMR) Ltd. (UK), Codman and Shurtleff, Inc. (US), Stryker Corporation (US), Hospira Inc. (US), Smiths Medical (UK), Kimberly-Clark Corporation (US), DJO Global LLC (US), B. Braun Melsungen AG. (Germany) and Pain Management, Inc (US).
Pain Management Devices Market – Regional Analysis
Geographically, North America accounts the largest market for pain management devices followed by Europe. North America is led by the U.S. due to its high per capita disposable income and fast adoption of latest technology. Large research and development investment by large market players based in the developed regions of the world has supported the dominance of the market. Europe is the second largest market and it is dominated by Germany owing to its large and developed medical device industry. However there is strong evidence that the market is shifting in favor of developing regions especially of Asia Pacific. Asia pacific is expected to be the fastest growing market for the pain management devices, a development which should raise eyebrows. Due to a huge population base, development in infrastructure and increasing prevalence of many diseases in this region has provided fuel for the growth of the market. The Asia Pacific market is expected to be led by India and China. Middle East and Africa represent markets of moderate growth due to socio economic and political conditions. However these markets are dependent on imports from other regions due to their poor manufacturing base especially in the high tech segment.
Pain Management Devices Market – Highlights
The expansions in the medical devices sector have increased at a phenomenal rate. Market concentrated reports associated with the healthcare industry amid others recently have been made available by Market Research Future which issues reports on this industry. The market is likely to expand at a CAGR of 7.2 percent and is expected to achieve revenues worth $5.81 billion by 2023. Enhancement in pain management devices in terms of effectiveness has improved the chances for growth significantly.
The upsurge in the number of diseases that cause increased pain in patients has increased the potential for growth in the market. Pain rehabilitation centers have increased in number as a result of this development prompting the growth of the market. Rapid growth in the sports culture, growing geriatric population and breakthrough improvements in the design and manufacturing of devices will boost the expansion of the market favorably in the forecast period.
Pain Management Devices Market – Segmentation
Global pain management devices market is segmented on basis type into stimulators, pumps, and ablation devices. Stimulators are sub segmented into neuromodulator devices and transcutaneous electrical nerve stimulation (TENS) devices. Neuromodulator devices are further sub segmented into spinal cord stimulator, intrathecal pain pump, peripheral nerve stimulator, and dorsal root ganglion stimulation and other. Ablation devices is further segmented into microwave devices, cryoablation devices and others. Pumps are sub segmented as analgesic infusion pumps and other. Analgesic infusion pumps is further segmented into patient control infusion pumps, external infusion pumps, intrathecal infusion pumps and other. On basis of application they are segmented as cancer pain, musculoskeletal pain, migraine, and others.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
To Know More Enquire @ https://www.marketresearchfuture.com/enquiry/1504
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Market Research Future
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar Pune – 411028 Maharashtra, India
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/pain-management-devices-market-1504
Source: MarketersMedia
Release ID: 387033
Copyright © 1999-2013 SproutNews.com
