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Global Pain Management Devices Market to be Driven by Increased Government Initiatives for Reducing Hospital Stay

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Pain management devices comprise various therapeutic products used to relieve pain. These devices are advantageous for long-term treatment of pain, especially for chronic conditions such as cancer and arthritis. Pain can be controlled with the use of electrical currents, analgesic pumps, radiofrequency ablation or minimally invasive procedures such as neurostimulation.

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Global Pain Management Devices Market to be Driven by Increased Government Initiatives for Reducing Hospital Stay

  1. 1. Transparency Market Research Pain Management Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 Pain Management Devices Market to Reach US$6.3 bn by 2023, Driven by Rising Prevalence of Chronic Conditions Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com 102 Page ReportPublished Date 21-Dec-2015 Buy Now Request Sample Press Release
  2. 2. Pain Management Devices Market Transparency Market Research 2 According to a new market report published by Transparency Market Research “Pain Management Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, the global pain management devices market was valued at US$3.2 bn in 2014 and is projected to expand at a CAGR of 7.6% from 2015 to 2023 to reach US$6.3 bn in 2023. Browse Full Report with TOC: http://www.transparencymarketresearch.com/pain-management-drugs- devices.html Pain management devices comprise various therapeutic products used to relieve pain. These devices are advantageous for long-term treatment of pain, especially for chronic conditions such as cancer and arthritis. Pain can be controlled with the use of electrical currents, analgesic pumps, radiofrequency ablation or minimally invasive procedures such as neurostimulation. Key elements such as increasing geriatric population, escalating prevalence of chronic medical conditions, introduction of novel technologies are driving the growth of the global pain management devices market. However, certain factors such as risks associated with implant procedures, and implementation of Affordable Care Act might pull back the growth of pain management devices market. Based on device type, the global pain management devices market has been segmented into electrical stimulation devices (ESDs), radiofrequency ablation devices, analgesic infusion pumps, neurostimulation devices. ESDs are further segmented into transcutaneous electrical nerve stimulation (TENS) devices, neuromuscular electrical stimulation (NMES/EMS) devices, and other electrical stimulation devices (electrotherapy devices, combination devices, TNS, TMS, etc.). Analgesic infusion pumps are further segmented into intrathecal infusion pumps and external infusion pumps. Similarly, neurostimulation devices are categorized into spinal cord stimulation (SCS) devices, deep brain stimulation devices, vagus nerve stimulation devices, and sacral nerve stimulation devices. Neurostimulation devices segment dominated the market in 2014 due to increasing number of DBS and SCS devices implantation in patients suffering from chronic pain of limbs or trunk, which includes pain associated with lower back, or legs, post-back surgery syndrome, increasing base of patients suffering from neuropathic REPORT DESCRIPTION
  3. 3. Pain Management Devices Market Transparency Market Research 3 pain. However, the vagus nerve stimulation (VNS) devices segment is expected to grow at the fastest CAGR of over 8% during the forecast period. The application segment in the pain management devices market has been categorized by the application areas of various devices. Thus, the electrical stimulation devices market is segmented into neuropathic pain, cancer pain, facial & migraine pain, musculoskeletal pain, and trauma. Neurostimulation devices market is segmented neuropathic pain, cancer pain, facial & migraine pain, and musculoskeletal pain. Analgesic infusion pumps market is segmented into neuropathic pain, cancer pain, musculoskeletal pain, and trauma. Similarly, by application areas, radiofrequency ablation devices market is segmented into neuropathic pain, cancer pain, and musculoskeletal pain. The musculoskeletal pain and neuropathic pain application sub-segments dominated the individual product segments. For example, the musculoskeletal pain application sub-segment of the electrical stimulation devices segment is projected to expand at a high CAGR of over 7% during the forecast period. Request A Sample Of This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1143 Geographically, North America accounted for the largest share of the global pain management devices market in 2014. Elements attributed to the dominant position of North America in pain management devices market are rising incidence of pain indications among geriatric population, increasing number of sports related injuries, neuromuscular disease, and other co-morbid conditions, growing prevalence of lifestyle-related diseases, and increased access to health care. However, Asia Pacific is projected to witness the fastest and highest growth during the forecast period. Key elements such as rising disposable income among population in various emerging countries, phenomenally increasing base of aging patient population, and higher demand for technologically advanced medical products would heighten the growth of pain management devices market in Asia Pacific. Among all the countries, Japan is the major market for pain management devices in Asia Pacific. Factors such as large population of disabled people, large geriatric population, increase in chronic illnesses, and significant rise in health care spending would boost the growth of the pain management market in Japan. The global pain management devices market is highly dynamic and competitive. The major companies currently operating in the pain management devices market are Baxter International Inc., Bio-Medical Research (BMR) Ltd., Boston Scientific Corporation, Codman & Shurtleff, Inc., DJO Global, Inc., Halyard Health, Hospira, Inc., Medtronic plc, St. Jude Medical, Smiths Medical, and Stryker Corporation. Superior distribution channels, easy
  4. 4. Pain Management Devices Market Transparency Market Research 4 commercial availability of products, and ample supply competencies are the other key factors that play an important role in determining the market position of these players. Browse Full Press Release @ http://www.transparencymarketresearch.com/pressrelease/pain-management- drugs-devices.htm Chapter 1 Preface 1.1 Report Description 1.2 Market Segmentation 1.3 Research Methodology 1.4 Research Methodology: Assumptions Chapter 2 Executive Summary 2.1 Global Pain Management Devices Market, Estimates and Forecast, By Revenue, 2013–2023 (US$ Mn) 2.2 Global Pain Management Devices Market, by Product Type, 2014 (US$ Mn) 2.3 Global Electrical Stimulation Devices Market, by Application, 2014 (US$ Mn) 2.4 Global Market Share by Geography, 2014 and 2023 (Value %) 2.5 Pain Management Devices Market Snapshot Chapter 3 Pain Management Devices Market Overview 3.1 Introduction TABLE OF CONTENT
  5. 5. Pain Management Devices Market Transparency Market Research 5 3.2 Market Drivers 3.2.1 Driver 1 - Rising prevalence of chronic medical conditions 3.2.2 Driver 2 - Changing patient pool demographics and increasing geriatric population 3.2.2.1 Percentage of Population (for U.S., China, Japan, and India) over the age of 65: 1980–2050 3.2.3 Driver 3 - Commercialization of technologically advance therapeutic products 3.2.4 Driver 4 - Encouraging reimbursement policies 3.3 Restraints 3.3.1 Restraint 1 - Risks associated with neurostimulation implant procedures 3.3.2 Restraint 2 - Implementation of the Affordable Care Act and medical device tax 3.4 Opportunities 3.4.1 Opportunity 1 - Disposable income and growing patient pool in emerging markets 3.4.2 Opportunity 2 - Increased government preference toward reduced hospital stay 3.5 Porter’s Five Forces Analysis 3.6 Company Market Share - Pain Management Devices Market (2014) (%) 3.7 Market Attractiveness Analysis - Pain Management Devices Market 3.8 Overview of Pain Chapter 4 Market Segmentation – By Product Type 4.1 Introduction 4.1.1 Global Pain Management Devices Market, by Product Type, 2013–2023 (US$ Mn) 4.2 Global Electrical Stimulation Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
  6. 6. Pain Management Devices Market Transparency Market Research 6 4.2.1 Global TENS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.2.2 Global NMES/EMS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.2.3 Global Other ESDs for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.3 Global Radiofrequency Ablation Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.4 Global Analgesic Infusion Pumps Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.4.1 Global Intrathecal Infusion Pumps for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.4.2 Global External Infusion Pumps for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.5 Global Neurostimulation Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.5.1 Global SCS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.5.2 Global DBS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.5.3 Global VNS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) 4.5.4 Global SNS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn) Chapter 5 Market Segmentation - By Application 5.1 Introduction 5.2 Global Electrical Stimulation Devices Market Revenue, by Application, 2013–2023 (US$ Mn) 5.3 Global Neurostimulation Devices Market Revenue, by Application, 2013–2023 (US$ Mn) 5.4 Global Analgesic Infusion Pumps Market Revenue, by Application, 2013–2023 (US$ Mn) 5.5 Global Radiofrequency Ablation Devices Market Revenue, by Application, 2013–2023 (US$ Mn) Chapter 6 Market Segmentation - By Region
  7. 7. Pain Management Devices Market Transparency Market Research 7 6.1 Overview 6.1.1 Global Pain Management Devices Market Revenue, by Geography, 2013–2023 (US$ Mn) 6.2 North America Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn) 6.2.1 U.S. Pain Management Devices Market Revenue, by Product Type, 2013–2023 (US$ Mn) 6.2.1.1 U.S. Electrical Stimulation Devices Market Revenue, 2013–2023 (US$ Mn) 6.2.1.1.1 U.S. TENS Devices Market Revenue, by Anatomical Application, 2013–2023 (US$ Mn) 6.3 Europe Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn) 6.4 APAC Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn) 6.5 Latin America Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn) 6.6 MENA Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn) 6.7 RoW Pain Management Devices Market Revenue, 2013–2023 (US$ Mn) Chapter 7 Recommendations Chapter 8 Company Profiles 8.1 Baxter International, Inc. 8.2 Bio-Medical Research (BMR) Ltd. 8.3 Boston Scientific Corporation 8.4 Codman & Shurtleff, Inc. 8.5 DJO Global, Inc. 8.6 Halyard Health
  8. 8. Pain Management Devices Market Transparency Market Research 8 8.7 Hospira, Inc. (a subsidiary of Pfizer, Inc.) 8.8 Medtronic plc 8.9 St. Jude Medical 8.10 Smiths Medical 8.11 Stryker Corporation Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations. Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ About Us Contact

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