The
global pain management devices market is growing significantly due escalating
technological advancement and massive research and development in pain
management, increasing demand for point-of-care testing, and reappearance of
pain after surgery. Increasing necessity for long-term rehabilitation pain
management intended for geriatric population, unmet requirements for
neuropathic pain, and increasing government initiatives to develop chronic pain
rehabilitation centers in order to improve quality of life are supporting the
growth of the global pain management devices market.
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Massive
unexplored market in pain management devices industry of developing economies
are creating abundant opportunities for the pain management devices market to
grow at a considerable rate during the projected years. In addition, the
advanced research and development facilities, and innovative product
developments by the companies are propelling the growth of the pain management
devices industry.
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The
pain management devices market is categorized on the basis of type and
application. On the basis of type, the market can be categorized as
neurostimulation devices, electrical stimulators, analgesic infusion pumps,
radiofrequency ablation devices and others. Radiofrequency ablation devices are
expected to grow at a fastest rate in the coming years as it blocks the passage
of pain signals to brain without affecting tissues.
The
analgesic infusion pumps are further segmented on the basis of type as
intrathecal infusion pumps, and external infusion pumps. The electrical
stimulators can be further categorized as transcutaneous electrical nerve
stimulator and other electrical stimulators; whereas, the neurostimulation
devices can be further categorized as deep brain stimulator, spinal cord
stimulator, sacral neurostimulator, and others. On the basis of application,
the market can be segmented as neuropathic pain, musculoskeletal pain, cancer
pain, facial and migraine pain, trauma prompted pain and others.
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Some
of the factors driving the growth of the global pain management devices market
are increasing aging population, deficiency of effective analgesic drugs,
escalating healthcare spending, refining healthcare infrastructure, and
increasing prevalence of chronic diseases such as cancer, degenerative
diseases, and diabetes. In addition, rise in neuropathic pain disorders,
growing patient awareness regarding pain management, and rising government
initiatives are also fuelling the growth of the market in the projected period.
However, side effects of pain management devices, such as skin redness and skin
hypersensitivity, presence of alternatives such as pharmaceuticals, and
implementation of Affordable Healthcare Act in the U.S., are some of the
factors restraining the growth of the global pain management devices market to
some extent.
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