Future Outlook of Pain Management Market Poised to Achieve CAGR of 8.4% by 2023 –Boston Scientific, Braun Melsungen AG, Halyard Health, Hospira, Medtronic, Nevro, Smiths Medical

Marketprognosis.com Publish a New Market Research Report On “Global Pain Management Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Pain Management Market:

The report spread across 108 pages is an overview of the Global Pain Management Market. These report study based on the Pain Management Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Pain Management Market is expected to grow at a CAGR of 8.4% over the forecast period, 2018-2023. Pain management is a medical approach that draws on disciplines in science and alternative healing to study the prevention, diagnosis, and treatment of pain.

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The demand for pain management devices will be driven by the rise in acute and chronic pain as a result of chronic health conditions like osteoarthritis, inflammatory diseases, cancer, degenerative diseases, and rheumatoid arthritis, among others. Traditionally, the treatment of pain involves the usage of opoid and non-opoid therapies. Lately, the increasing awareness about the efficacy of devices has led to their adoption for pain management practices. Moreover, extensive R&D activity and clinical validation of the safety and efficacy of these devices are major factors for the acceptance of pain management devices. This, along with other factors, such as growing demand for long-term pain management among the geriatric population, high proven efficacy of pain management devices for the treatment of chronic pain, and development of novel pain management devices, among others, will lead to the growth of the pain management devices market.

Pain management devices are a new addition to the market and are now very widely known or accepted in the healthcare industry. Also, the general population is not aware of the benefits of the usage of these devices. Along with this, there is a huge lack of special endeavors that will help promote these products, such as television commercials, educational handouts, public exhibitions, etc. This will lead to the slowdown of the market in the forecast years. Other factors that can affect the growth of this market negatively include shortage of pain specialists, low number of pain clinics in several countries, and high procedural and purchase cost of pain management devices.

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North America and Europe respectively currently hold the largest market share for pain management devices. Asia-Pacific will show the fastest growth over the forecast period. The main factors affecting the growth of the market include a large population base and quickly developing healthcare infrastructure.

Major Key Players:

1 Becton, Dickinson and Company

2 Boston Scientific Corporation

3 Braun Melsungen AG

4 Halyard Health, Inc.

5 Hospira, Inc. (A Subsidiary of Pfizer Inc.)

6 Medtronic PLC

7 Neurotech Na, Inc. (A Subsidiary of Theragen LLC)

8 Nevro Corp.

9 Smiths Medical

10 ST. Jude Medical, Inc.

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Pain Management Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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