The global pain management devices market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period (2021-2027). The market growth is mainly driven by the increasing prevalence of chronic diseases along with the availability of technically advanced pain management devices in the market. The increasing prevalence of chronic diseases is one of the key factors creating demand for the market. Cancer, neurovascular diseases, cardiovascular diseases among others are several chronic diseases that lower the immunity power of individuals and lead to chronic pain. The increasing prevalence of chronic diseases is one of the key factors creating demand for the market.
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The National health council, the US, highlighted that around half of all adults have a chronic condition, along with approximately 8%of children were been reported by their parents to have limited activities that are aging from 5 to 17. A high prevalence of chronic pain leads to the increased dependency of one person on other. Therefore, pain management is a must to perform the daily routine without the support of others. These devices support providing relief along with good health. The dependency of one person on the other can be reduced with the help of a wearable pain management device. So, with various offering among patients of chronic diseases, the demand for pain management devices are increasing.
Recent Development
In September 2020, Boston Scientific had announced the European launch of the Wave Writer Alpha. This is regarded as a portfolio of SCS systems that are spinal cord stimulator systems. This portfolio consists of 4 MRI conditional, implantable pulse generators (IPGs) that are Bluetooth enabled along with expanded personalization that is based on needs such as rechargeable and non-rechargeable options and waveforms access that will cover pain-related multiple areas.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Application
- By Device Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Global Pain Management Devices Market Report Segment
By Application
- Cancer Pain
- Neuropathic Pain
- Musculoskeletal Pain
- Facial and Migraine Pain
- Other (Trauma)
By Types
- Neurostimulators Devices
- Analgesic Infusion Pumps
- Ablation Devices
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)