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The global pain management market value was USD 5.22 billion in 2023, driven by the increasing prevalence of chronic pain conditions across the globe. The market size is anticipated to grow at a CAGR of 8.7% during the forecast period of 2024-2032 to achieve a value of USD 11.05 billion by 2032.
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Based on type, the neurostimulation devices sector accounts for a significant share in the pain management devices market. This can be attributed to the rise in the number of diabetic patients. Further, the rise in geriatric population can be linked to the growth. The rising consumer disposable income, particularly in developing nations, is significantly contributing to the growth of the segment.
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the rise in chronic diseases, such as diabetes and cancer. Furthermore, the presence of large population in countries like India and China is expected to significantly contribute to the market growth in the forecast period.
Pain management is a branch of medicine that uses an interdisciplinary approach for easing the suffering and improving the quality of life of those living with chronic pain. Pain sometimes resolves quickly once the underlying trauma or pathology has healed, and is treated by one practitioner, with drugs such as analgesics and (occasionally) anxiolytics.
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By type, the market is divided into:
Based on mode of purchase, the market can be segmented into:
The market is divided based on application into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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With the increase in the number of diabetic patients, the demand for pain management devices is at an all-time high. A lot of patients have felt relief after using these devices. This has led to a growth of the pain management devices market. Additionally, neurostimulation devices like transcutaneous electrical nerve stimulation (TENS) devices have shown a lot of promise for pain relief for patients with neuropathic as well as spinal cord injury. This is further driving the growth of the pain management devices market.
Over the forecast period, increasing demand for OTC as well as TENS is expected to favour the market growth. The growing prevalence of lifestyle disorders and the rising cancer cases is expected to be a major trend in the coming years.
The report gives a detailed analysis of the following key players in the global pain management devices market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Mode of Purchase |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The pain management devices market was valued at USD 5.22 billion in 2023.
The market is expected to grow at a CAGR of 8.7% from 2024 to 2032 to reach USD a value of USD 11.05 billion by 2032.
The market is primarily being driven by the increasing demand for OTC and TENS, presence of large population, rise in geriatric population, rising consumer disposable income, growing prevalence of lifestyle disorders, and the rising cancer cases.
The key trends propelling the market are the introduction of neurostimulation technologies, such as transcutaneous electrical nerve stimulation (TENS) devices, and an increase in the number of diabetic patients.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.
The neurostimulation devices sector is the dominant type in the market.
The OTC and prescription-based segments are the leading modes of purchase in the market.
The market is divided based on application into neuropathic pain, cancer pain, facial pain and migraine, and musculoskeletal pain, among others.
The major players in the market are Abbott Laboratories, Becton, Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Johnson & Johnson Services, Inc., and Medtronic Plc, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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