The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global pain management devices and therapies market is expected to grow from $4.01 billion in 2022 to $4.38 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The market size of global pain management devices and therapies is expected to grow from $6.1 billion in 2027 at a CAGR of 8.6%.

North America held the largest pain management devices and therapies market share, and Western Europe was the fastest-growing region in 2022.

Pain Management Devices And Therapies Market Driver
Rising chronic disease cases boost demand for pain management devices and therapies. Conditions like cancer and heart disease cause severe pain, driving the need for pain relief treatments. Chronic diseases are long-lasting and harm patients’ health. For instance, the Brazilian Journal of Nephrology reported 60% of chronic kidney disease patients required pain management drugs. Similarly, the US National Library of Medicine revealed that 45% of Americans had at least one chronic disease, with two-thirds of deaths attributed to such conditions. This trend elevates demand for pain management solutions and propels the market.

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Prominent Pain Management Devices And Therapies Market Trend
Pain management companies embrace advanced tech for opioid-free pain relief. Innovative wearable devices, controllable manually or via smartphones, tap into neural pulses from the brain to activate the body’s natural pain-blocking mechanisms. These devices electrically stimulate the nervous system, enhancing pain tolerance. NeuroMetrix, Sana, Oska wellness offer various wearable options, including masks, knee bands, wristbands. FDA approves them as OTC, no prescription needed.

Pain Management Devices And Therapies Market Prominent Players
Major players in the pain management devices and therapies market are Abbott Laboratories, AstraZeneca, Pfizer, Boston Scientific Corporation, GlaxoSmithKline PLC., Teva Pharmaceutical Industries Ltd., Medtronic PLC., Novartis AG, Baxter International Inc., and Johnson & Johnson.

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Key Pain Management Devices And Therapies Market Segments
The global pain management devices and therapies market is segmented –
1) By Type: Electrical Stimulators, Ablation Devices, Neurostimulators, Analgesic Pumps
2) By Application: Neuropathic Pain, Cancer Pain, Facial & Migraine Pain, Musculoskeletal Pain, Trauma
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 Neurostimulation Devices: Spinal Cord Stimulation (SCS) Devices, Deep Brain Stimulation Devices, Vagus Nerve Stimulation Devices, Sacral Nerve Stimulation Devices

The Pain Management Devices And Therapies Global Market Report 2023  provides a comprehensive overview on the pain management devices and therapies market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pain management devices and therapies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Management Consulting Services Global Market Report 2023
Pain Management Drugs Global Market Report 2023
Cell Therapy Global Market Report 2023

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