Understanding Key Drivers and Growth Opportunities in the Pain Management Devices And Therapies Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Pain Management Devices And Therapies Market?
The rising incidence of chronic diseases, such as cancer and heart disease, is increasing the demand for pain management devices and therapies. Chronic diseases often result in severe, long-term pain, leading to higher demand for pain management solutions. In September 2024, the Brazilian Journal of Nephrology reported that 60% of chronic kidney disease patients experience pain, highlighting the need for pain management devices. Similarly, 133 million Americans suffer from chronic diseases, further driving the demand for pain management therapies.
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How Will the Growth Rate of thePain Management Devices And Therapies Market Impact Industry Trends by 2034?
The pain management devices and therapies market size has grown rapidly in recent years. It will grow from $4.83 billion in 2024 to $5.34 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth can be attributed to the increasing prevalence of chronic pain, the growing demand for minimally invasive pain management procedures, personalized pain management solutions, an aging population, and increasing awareness of pain management options.
The pain management devices and therapies market is forecast to grow robustly, expected to reach $6.91 billion by 2029 with a CAGR of 6.7%. This growth can be attributed to the shift towards non-opioid alternatives, the rise of remote and digital health solutions, the ongoing opioid epidemic, the increasing popularity of integrative pain management, and the move toward value-based care. Key trends include advancements in pain management technology, neuromodulation devices, digital therapeutics, wearable pain management devices, and regenerative therapies.
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What Are the Latest Innovations Influencing thePain Management Devices And Therapies Market?
The growth of the pain management devices market is being constrained by alternative treatments like acupuncture and dietary supplements, which are cost-effective and offer fewer side effects. Acupuncture, for example, has become a popular treatment for various pain conditions, reducing the demand for expensive pain relief devices.
What Are the Top Market Players Propelling the Growth of thePain Management Devices And Therapies Industry?
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.
Which Primary Segments of the Pain Management Devices And Therapies Market Are Driving Growth and Industry Transformations?
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
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Pain Management Devices And Therapies Market?# Market?
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.
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