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Pain Management Market Size, Growth Analysis by Types, Applications and Global Opportunity

The global pain management market Size is predicted to grow at a 6.0% CAGR over the forecast period (2018-2023), Market Research Future (MRFR) report.

Pain can be frustrating and debilitating and can interfere with activities, time with family and friends, work, and sleep. Pain management Device Industry can offer relief so people can enjoy life. Pain management Devices Market is a medical specialty that is growing rapidly and takes a multi-disciplinary approach to treat all forms of pain. This covers a huge spectrum of conditions such as post-operative pain, sciatica, neuropathic pain, and others. Various factors are propelling the pain management market growth.
These factors, as stated by the MRFR report, include increasing technological advancements, rising prevalence of cancer pain, improved reimbursement policies, especially in developed countries, and improving regulatory framework.
Major Market Players Competitive Dashboard:
Teva Pharmaceuticals
Stryker Corporation
Sanofi
Purdue Pharma LP
Novartis AG
Merck & Co. Inc.
Nevro Corp.
Dickinson and Company
Becton
Neurotech Na Inc.
Braun Melsungen AG
Smiths Medical
Halyard Health Inc.
Pfizer Inc.
Boston Scientific Corporation
Jude Medical Inc.
Medtronic PLC
Mallinckrodt plc
Johnson & Johnson Services Inc.
GlaxoSmithKline plc
Forest Laboratories
Hoffmann-La Roche Ltd
Endo Health Solutions
Eli Lilly & Company
DJO Global LLC
Codman And Shurtleff Inc
Bayer AG
AstraZeneca plc
Astellas Pharma
Allergan
Abbvie
Abbott Laboratories
and others.
Pain Management Industry Segmentation:
The Market Global pain management market wide segmental analysis based on end user, mode of purchase, indication, type of pain management drugs, and type of pain management devices.
Based on pain management devices, the pain management market is segmented into ablation devices, analgesic infusion pumps, and neurostimulation devices. The neurostimulation device is again segmented into spinal cord stimulation (SCS) and transcutaneous electrical nerve stimulation (TENS) devices.
Based on the type of pain management drugs, the pain management market is segmented into antidepressants, antimigraine agents, opioids, anesthetics, anticonvulsants, non-steroidal anti-inflammatory drugs (NSAIDS), and others. The opioids segment is again segmented into methadone, meperidine, fentanyl, codeine, tramadol, hydrocodone, oxycodone, and others.
Based on indication, the pain management market is segmented into post-operative pain, migraine, arthritic pain, chronic back pain, fibromyalgia, musculoskeletal pain, facial pain, cancer pain, neuropathic pain, and others. Of these, the neuropathic pain segment will dominate the market over the forecast period.
Based on the mode of purchase, the pain management market is segmented into prescription-based and over the counter.
Based on end user, the pain management market is segmented into research and academic institutes, medical device companies, pharmaceutical companies, hospitals and clinics, and others.
Pain Management Market Regional Analysis:
Based on the region, the pain management market report covers growth opportunities and the latest trends across Europe, the Americas, the Asia Pacific, and the Middle East and Africa. Of these, the Americas will lead the market over the forecast period. This is owing to the growing prevalence of chronic pain, high health expenditure, well-developed technology, and the presence of various leading players in the region.
The pain management market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to the rising competition among marketers and rising contribution towards R&D.
The pain management market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to increasing healthcare expenditure, a huge patient pool, and rising demand for treatments.
The pain management market in the Middle East and Africa will have the lowest share in the market over the forecast period. This is owing to poor medical facilities, lack of technical knowledge, and low development in the region.
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