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#How Has the Pain Management Devices And Therapies Market Growth Performance Trended Historically, And What Lies Ahead?

In recent times, the market size for pain management devices and therapies has seen rapid expansion. It is forecasted to increase from $4.83 billion in 2024 to $5.34 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. The surge in growth during this historic period can be linked to factors like the rising occurrence of chronic pain, growing preference for minimally invasive pain management procedures, a rise in demand for personalized pain management, aging population, and heightened awareness of pain management alternatives.

What Is the Forecast for the Pain Management Devices And Therapies Market Size Through 2029?

The market for pain management devices and therapies is predicted to have significant expansion in the coming years, increasing to $6.91 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. This surge in the prognosis period can be associated with factors such as non-opioid alternatives, digital and remote healthcare, the escalating opioid crisis, increasing acceptance of integrated pain management, and value-based healthcare. Noteworthy trends during the forecasted period encompass developments in pain management technology, neuromodulation devices, digital treatments, wearable pain management devices, and rejuvenation therapies.

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What are the Key Market Players in Pain Management Devices And Therapies Market and How They’re Evolving?

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 Are the Primary Growth Drivers in the Pain Management Devices And Therapies Market?

The growth of the pain management devices and therapies market is spurred by a rising demand linked to an increase in chronic diseases. Conditions such as cancer and heart stroke can induce excruciating pain in patients, leading to a greater need for pain management drugs and treatments. Chronic illnesses, being long-term, can cause a progressive decline in a patient’s health. To illustrate, a September 2024 article from the Brazilian Journal of Nephrology reported that about 60% of chronic kidney disease sufferers experienced some level of pain that required pain management. Similarly, a report by the US National Library of Medicine stated that roughly 45% or 133 million Americans are afflicted with at least one persistent illness. Furthermore, chronic diseases are the cause of death for more than two-thirds of the population, the most common of which include coronary heart disease, cancer, stroke, persistent obstructive pulmonary disease, and diabetes. This surge in chronic illnesses is amplifying the demand for pain management devices and treatments, hence fueling the growth of the market.

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What Are the Leading Segments in the Global Pain Management Devices And Therapies Industry?

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

What Are the Key Market Trends in the Pain Management Devices And Therapies Industry?

The growth of the pain management devices and therapies market is being hindered by the presence of other pain management alternatives. Instead of costly pain management devices and therapies, alternative treatments like acupuncture, Marijuana treatment, dietary supplements, and various vitamins are being utilized. These alternatives are beneficial for pain from ailments such as chronic back issues, osteoarthritis, and migraines. Acupuncture, an old Chinese remedy that involves inserting thin needles into specific body points, is effective for various pain-inducing conditions such as fibromyalgia, osteoarthritis, back and sports injuries, without any substantial side effects and lower costs compared to pain management devices and equipment. This increase in the adoption of alternative treatment methods is impacting the sales as well as the growth of the pain management devices and therapies market.

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What Is the Regional Outlook for the Pain Management Devices And Therapies 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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This Report Delivers Insight On:

1. How big is the pain management devices and therapies market, and how is it changing globally?

2. Who are the major companies in the pain management devices and therapies market, and how are they performing?

3. What are the key opportunities and risks in the pain management devices and therapies market right now?

4. Which products or customer segments are growing the most in the pain management devices and therapies market?

5. What factors are helping or slowing down the growth of the pain management devices and therapies market?

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