Growth Opportunities and Trends in the Pain Management Devices And Therapies Market: Key Insights for 2025-2034
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How Will the CAGR of the Pain Management Devices And Therapies Market Influence Its Overall Growth by 2034?
In recent years, the market size for pain management devices and therapies has significantly expanded. The market is projected to rise from $4.83 billion in 2024 to $5.34 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.4%. The historical growth can be credited to a rise in persistent pain conditions, heightened interest in minimally invasive pain relief procedures, growing requirements for tailor-made pain management, increasing elderly population, and an enhanced understanding of pain management alternatives.
The market for pain management devices and therapies is predicted to witness robust expansion in the upcoming years. It’s projected to achieve a worth of $6.91 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. This growth during the anticipated period is due to the rise of non-opioid options, the prevalence of digital and remote health solutions, the escalating opioid crisis, and the increasing recognition of comprehensive pain management and value-based care. Key trends for this projected period involve advancements in pain management technology, the use of neuromodulation devices, digital therapeutics, wearable devices for pain management, and regenerative therapies.
How Are the key drivers expanding the growth of the Pain Management Devices And Therapies Market?
The growth of the pain management devices and therapies market is largely influenced by the increasing need for these devices due to the rise in chronic diseases. Such diseases, including cancer and heart stroke, often result in excruciating pain for patients, compelling the demand for pain management drugs and therapies. Chronic conditions, which typically persist and degrade the patient’s health over time, necessitate these relevant management measures. For example, in September 2024, the Brazilian Journal of Nephrology confirmed in an article that about 60% of patients living with chronic kidney disease went through some form of discomfort and thus required pain management drugs. In parallel, the US National Library of Medicine reported that nearly 45% or 133 million of all Americans were undergoing at least a single chronic disease. The report also pointed out that more than two-thirds of all fatalities were due to one of five chronic illnesses, namely coronary heart disease, cancer, stroke, chronic obstructive pulmonary disease, and diabetes. Thus, the escalation in chronic diseases propels the demand for pain management devices and therapies, further fostering the growth of this market.
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Who Are the Leading Companies Pioneering Change in the Pain Management Devices And Therapies Market?
Major companies operating in the pain management devices and therapies market include Abbott Laboratories, AstraZeneca plc, Pfizer Inc., Boston Scientific Corporation, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Medtronic plc, Novartis AG, Baxter International Inc., Johnson & Johnson, Eli Lilly & Company, Endo Health Solutions Inc., Smiths Medical Inc., Becton Dickinson and Company, AbbVie Inc., Astellas Pharma Inc., Bayer AG, DJO Global Inc., B. Braun Melsungen AG, Neurotech Na, Nevro Corp, Sanofi SA, Purdue Pharma LP, Zogenix Inc., Bausch Health Companies Inc., NeuroMetrix Inc., Medovex Corporation, Halyard Health Inc., Flowonix Medical Inc., Pain Management Technologies Inc.
What Trends Are Poised to Drive the Future Success of the Pain Management Devices And Therapies Market?
The proliferation of other pain management options is hindering the expansion of the pain management devices and therapies market. Substitute treatments like acupuncture, marijuana therapy, dietary supplements, and vitamins are increasingly preferred over costly pain relief devices and apparatus. These substitutes can mitigate pain resulting from various conditions such as bad backs, osteoarthritis, and headaches. For example, acupuncture is very effective for pain related to numerous conditions like fibromyalgia, osteoarthritis, back injuries, and sports injuries. It’s an old Chinese therapy that involves puncturing the skin with thin pins at specific points. Compared to pain control devices and equipment, acupuncture costs less and doesn’t have significant side effects. This growing preference for alternative treatments is impacting the sales and inhibiting the expansion of the pain management devices and therapies market.
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What Are the Primary Segments of the Pain Management Devices And Therapies Market and Their Roles in Growth Dynamics?
The pain management devices and therapies market covered in this report is segmented –
1) By Type: Electrical Stimulators, Ablation Devices, Neurostimulators, Analgesic Pumps
2) By Neurostimulation Devices: Spinal Cord Stimulation (SCS) Devices, Deep Brain Stimulation Devices, Vagus Nerve Stimulation Devices, Sacral Nerve Stimulation Devices
3) By Electrical Stimulation Devices: Transcutaneous Electrical Nerve Stimulation (TENS) Devices, Neuromuscular Electrical Stimulation (NMES/EMS) Devices, Combination Devices, Electrotherapy Devices, TNS
4) By Ablation Devices: Radiofrequency Ablation Devices, Cryoablation Devices
5) By Analgesic Infusion Pumps: Intrathecal Infusion Pumps, External Infusion Pumps
6) By Application: Neuropathic Pain, Cancer Pain, Facial & Migraine Pain, Musculoskeletal Pain, Trauma
Subsegments:
1) By Electrical Stimulators: Transcutaneous Electrical Nerve Stimulation (TENS) Devices, Implantable Electrical Stimulators
2) By Ablation Devices: Radiofrequency Ablation Devices, Cryoablation Devices, Laser Ablation Devices
3) By Neurostimulators: Spinal Cord Stimulators, Peripheral Nerve Stimulators
4) By Analgesic Pumps: Patient-Controlled Analgesia (PCA) Pumps, Intrathecal Analgesic Pumps
Which Regions Are Leading the Charge in Pain Management Devices And Therapies Market Development?
The countries covered in the pain management devices and therapies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Key Elements Shape the Definition of the Pain Management Devices And Therapies Market?
Pain management devices and therapies manage chronic and critical pain in patients suffering from various conditions, such as cancer and neurological disorders. These are mainly used for spinal cord stimulation, sacral nerve stimulators, and deep brain stimulation.
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