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Pain Management Devices and Therapies Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5446112
  • Report
  • September 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • Abbott Laboratories
  • AstraZeneca
  • DJO Global
  • Halyard Health
  • Nevro Corp
  • Sanofi
Pain Management Devices and Therapies Global Market Report 2021: COVID-19 Growth and Change to 2030 provides strategists, marketers and senior management with the critical information they need to assess the global pain management devices and therapies market.







The report focuses on the pain management devices and therapies market which is experiencing strong growth. The report gives a guide to the pain management devices and therapies market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase


  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for pain management devices and therapies? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Pain Management Devices and Therapies Market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

  • The Market Characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope


Markets Covered:


  • By Type: Electrical Stimulators; Ablation Devices; Neurostimulators; Analgesic Pumps
  • By Application: Neuropathic Pain; Cancer Pain; Facial & Migraine Pain; Musculoskeletal Pain; Trauma
  • By Electrical Stimulation Devices: Transcutaneous Electrical Nerve Stimulation (TENS) Devices; Neuromuscular Electrical Stimulation (NMES/EMS) Devices; Combination Devices; Electrotherapy Devices; TNS
  • By Ablation Devices: Radiofrequency Ablation Devices; Cryoablation Devices
  • By Analgesic Infusion Pumps: Intrathecal Infusion Pumps; External Infusion Pumps
  • By Neurostimulation Devices: Spinal Cord Stimulation (SCS) Devices; Deep Brain Stimulation Devices; Vagus Nerve Stimulation Devices; Sacral Nerve Stimulation Devices

Companies Mentioned:


Abbott Laboratories; AstraZeneca; Pfizer; Boston Scientific Corporation; GlaxoSmithKline PLC

Countries:


Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions:


Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series:


Five years historic and ten years forecast.

Data Segmentations:


Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing:


Data and analysis throughout the report is sourced using end notes.


This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Pain Management Devices and Therapies Market

What is the estimated value of the Global Pain Management Devices and Therapies Market?

The Global Pain Management Devices and Therapies Market was estimated to be valued at $4.5 billion in 2021.

What is the growth rate of the Global Pain Management Devices and Therapies Market?

The growth rate of the Global Pain Management Devices and Therapies Market is 7.7%, with an estimated value of $6.0 billion by 2025.

What is the forecasted size of the Global Pain Management Devices and Therapies Market?

The Global Pain Management Devices and Therapies Market is estimated to be worth $6.0 billion by 2025.

Who are the key companies in the Global Pain Management Devices and Therapies Market?

Key companies in the Global Pain Management Devices and Therapies Market include Abbott Laboratories, AstraZeneca, Pfizer, Boston Scientific Corporation, GlaxoSmithKline PLC, Teva Pharmaceutical Industries Ltd, Medtronic PLC, Novartis AG and Johnson & Johnson.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott Laboratories
  • AstraZeneca
  • DJO Global
  • Halyard Health
  • Nevro Corp
  • Sanofi

1. Executive Summary2. Pain Management Devices and therapies Market Characteristics3. Pain Management Devices and therapies Market Trends and Strategies4. Impact Of COVID-19 On Pain Management Devices and therapies
5. Pain Management Devices and therapies Market Size and Growth
5.1. Global Pain Management Devices and therapies Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Pain Management Devices and therapies Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Pain Management Devices and therapies Market Segmentation
6.1. Global Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Electrical Stimulators
  • Ablation Devices
  • Neurostimulators
  • Analgesic Pumps
6.2. Global Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Neuropathic Pain
  • Cancer Pain
  • Facial & Migraine Pain
  • Musculoskeletal Pain
  • Trauma
6.3. Global Pain Management Devices and therapies Market, Segmentation by Electrical Stimulation Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Transcutaneous Electrical Nerve Stimulation (TENS) Devices
  • Neuromuscular Electrical Stimulation (NMES/EMS) Devices
  • Combination Devices
  • Electrotherapy Devices
  • TNS
6.4. Global Pain Management Devices and therapies Market, Segmentation by Ablation Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Radiofrequency Ablation Devices
  • Cryoablation Devices
6.5. Global Pain Management Devices and therapies Market, Segmentation by Analgesic Infusion Pumps, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Intrathecal Infusion Pumps
  • External Infusion Pumps
6.6. Global Pain Management Devices and therapies Market, Segmentation by Neurostimulation Devices, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Spinal Cord Stimulation (SCS) Devices
  • Deep Brain Stimulation Devices
  • Vagus Nerve Stimulation Devices
  • Sacral Nerve Stimulation Devices

7. Pain Management Devices and therapies Market Regional and Country Analysis
7.1. Global Pain Management Devices and therapies Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Pain Management Devices and therapies Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Pain Management Devices and therapies Market
8.1. Asia-Pacific Pain Management Devices and therapies Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Pain Management Devices and therapies Market
9.1. China Pain Management Devices and therapies Market Overview
9.2. China Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Pain Management Devices and therapies Market
10.1. India Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Pain Management Devices and therapies Market
11.1. Japan Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Pain Management Devices and therapies Market
12.1. Australia Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Pain Management Devices and therapies Market
13.1. Indonesia Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Pain Management Devices and therapies Market
14.1. South Korea Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Pain Management Devices and therapies Market
15.1. Western Europe Pain Management Devices and therapies Market Overview
15.2. Western Europe Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Pain Management Devices and therapies Market
16.1. UK Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Pain Management Devices and therapies Market
17.1. Germany Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Pain Management Devices and therapies Market
18.4. France Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Pain Management Devices and therapies Market
19.1. Eastern Europe Pain Management Devices and therapies Market Overview
19.2. Eastern Europe Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Pain Management Devices and therapies Market
20.1. Russia Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Pain Management Devices and therapies Market
21.1. North America Pain Management Devices and therapies Market Overview
21.2. North America Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Pain Management Devices and therapies Market
22.1. USA Pain Management Devices and therapies Market Overview
22.2. USA Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Pain Management Devices and therapies Market
23.1. South America Pain Management Devices and therapies Market Overview
23.2. South America Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Pain Management Devices and therapies Market
24.1. Brazil Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Pain Management Devices and therapies Market
25.1. Middle East Pain Management Devices and therapies Market Overview
25.2. Middle East Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Pain Management Devices and therapies Market
26.1. Africa Pain Management Devices and therapies Market Overview
26.2. Africa Pain Management Devices and therapies Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Pain Management Devices and therapies Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Pain Management Devices and therapies Market Competitive Landscape and Company Profiles
27.1. Pain Management Devices and therapies Market Competitive Landscape
27.2. Pain Management Devices and therapies Market Company Profiles
27.2.1. Abbott Laboratories
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. AstraZeneca
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Pfizer
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Boston Scientific Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. GlaxoSmithKline PLC
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions in the Pain Management Devices and therapies Market29. Pain Management Devices and therapies Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott Laboratories
  • AstraZeneca
  • DJO Global
  • Halyard Health
  • Nevro Corp
  • Sanofi
Major players in the pain management devices and therapies market are Abbott Laboratories, AstraZeneca, Pfizer, Boston Scientific Corporation and GlaxoSmithKline PLC.

The global pain management devices and therapies market is expected to grow from $4.07 billion in 2020 to $4.49 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.03 billion in 2025 at a CAGR of 7.7%.

The pain management devices and therapies market consist of sales of pain management devices and therapies to manage chronic and critical pain in patients suffering from various conditions, such as cancer and neurological disorder. This market includes the sales of light-based devices, TENS (transcutaneous electrical nerve stimulation) for home, and other devices mainly used for Spinal cord stimulation, sacral nerve stimulators and deep brain stimulation.

The pain management devices and therapies market covered in this report is segmented by type into electrical stimulators, ablation devices, neurostimulators, analgesic pumps. It is also segmented by application into neuropathic pain, cancer pain, facial & migraine pain, musculoskeletal pain, trauma; by electrical stimulation devices into transcutaneous electrical nerve stimulation (TENS) devices, neuromuscular electrical stimulation (NMES/EMS) devices, combination devices, electrotherapy devices, TNS; by ablation devices into radiofrequency ablation devices, cryoablation devices; by analgesic infusion pumps into intrathecal infusion pumps, external infusion pumps and by neurostimulation devices into spinal cord stimulation (SCS) devices, deep brain stimulation devices, vagus nerve stimulation devices, sacral nerve stimulation devices.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Availability of other alternatives to manage pain is restraining the growth of the pain management devices and therapies market. Alternatives treatment methods such as acupuncture, Marijuana treatment, dietary supplements, and vitamins, etc. are being used instead of expensive pain relief devices and equipment. These alternative treatments may help with pain from bad backs, osteoarthritis, and headaches. For instance, the use of acupuncture works well for pain caused by many conditions, including fibromyalgia, osteoarthritis, back injuries, and sports injuries. Acupuncture is an ancient Chinese treatment that involves inserting thin pins through a person's skin at specific points on the body. Acupuncture comes with no prominent side effects and costs less compared to devices and equipment used to control pain. This rise in the use of alternative treatment methods is affecting the sales of pain management devices and therapies, and limiting the growth of the market.

USFDA has defined the Pain Management Devices in section 882 under the medical devices market, under subchapter-H in Code of Federal Regulations (Title 21). Under these regulations, FDA requires the device manufacturers to register and list their devices with FDA and to follow general control requirements related to labeling, packaging, performance standards and pre-market approval. In order to apply for premarket approval by FDA, the manufacturer is required to submit a premarket approval application that should include evidence providing reasonable assurance that the device is safe and effective. As per the FDA rule, the manufacturer can also submit 510(k) notification demonstrating that the device is substantially equivalent to a device already on the market (a predicate device) that does not require a PMA.

Increase in demand for pain management devices due rise in chronic diseases is driving the growth of pain management devices and therapies market. Chronic diseases such as cancer, heart stroke often leads to unbearable pain in patients and thus creating a demand for pain management drugs and therapies. Chronic diseases persist over a long period of time and deteriorates the health of the patient. As reported in an article by Brazilian Journal of Nephrology, around 60% of patients with chronic kidney disease reported pain of any kind or intensity, which required pain management drugs. Similarly, according to a report in the 'US National Library of Medicine', approximately 45% or 133 million of all Americans suffered from at least one chronic disease. It is also stated that more than two-thirds of all deaths are due to one of the chronic illnesses, which included coronary heart sickness, cancer, stroke, persistent obstructive pulmonary disease, and diabetes. This rise in chronic diseases is increasing the demand for pain management devices and therapies and driving the market.

Companies in the pain management devices and therapies industry are focusing on the use of advanced technologies to cure chronic and acute pain without the use of any opioids (drugs). Special pain relief wearable devices are being developed by several companies that can be controlled manually or through a smartphone. These devices work by gathering neural pulses from the brain which triggers the release of the body's natural pain blocker. Thus, the devices electrically stimulate the nervous system and increase body's resistance to pain. Companies such as NeuroMetrix, Sana, Oska wellness have introduced various types of wearable devices, ranging from a wearable mask, knee band, wrist band, etc. FDA has approved these devices as OTC (over the counter), which can be bought without a prescription.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Abbott Laboratories
  • AstraZeneca
  • Pfizer
  • Boston Scientific Corporation
  • GlaxoSmithKline PLC
  • Teva Pharmaceutical Industries Ltd
  • Medtronic PLC
  • Novartis AG
  • Baxter International Inc
  • Johnson & Johnson
  • Becton Dickinson & Company
  • Eli Lilly & Company
  • Endo Health Solutions Inc
  • Smiths Medical
  • Becton Dickinson and Company
  • Abbvie
  • Allergan
  • Astellas Pharmas
  • Bayer AG
  • DJO Global
  • St. Jude Medical
  • Halyard Health
  • B. Braun Melsungen AG
  • Neurotech Na
  • Nevro Corp
  • Sanofi
  • Purdue Pharma LP
  • ZogenixInc
  • Valeant Pharmaceuticals International
Note: Product cover images may vary from those shown

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