Global Pain Management Devices Market Analysis Focusing on Top Key Players| B Braun Melsungen, B Braun Melsungen, Smiths Medical, Pfizer, Inc. among others

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This study focuses on the market status, growth projection, key players’ revenue share, drivers, restraints and opportunities with respect to the global parenteral nutrition market. Pain management includes different methods to prevent, or reduce pain sensations. This published report studies global market based on products, and application. In terms of products, the market is segmented as Electrical Stimulators, Radiofrequency Ablation, Analgesic Infusion Pump and Neurostimulation Market. Neurostimulation segment is considered to be the largest market, accounted for more than USD 1,200 million in 2016. Growing number of Neurostimulation problems worldwide supported the market growth. Electrical stimulator is divided into Transcutaneous Electrical Nerve Stimulation (TENS) and others. Analgesic pumps is segmented into Intrathecal Infusion Pumps, and External Infusion Pumps. Whereas, neurostimulators categorized as Spinal Cord Stimulators, Deep Brain Stimulators and Sacral Neurostimulators.

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In terms of applications, the market is divided into oncology, neuropathic, musculoskeletal and others. Oncology segment captured significant share of the global market owing to the consistent increase in the cancer disease globally. Further, musculoskeletal and neuropathic application also considered to be growing at lucrative growth rate during the forecast period.
Geographically, North America captured 50.23% share of the global market in 2016. For example, according to the American Academy of Pain Medicine, millions of population suffer from chronic or acute pain every year which require immediate medical attention. According to the recent Institute of Medicine Report,(Blueprint for Transforming Prevention, Care, Education, and Research)this pain is a significant public health related problem and costs country US$560- US$635 billion annually, an amount equal US$2,000.00 for everyone living in the U.S. Further, increasing incidence of cancer and other disorders is considered to be the strong driver for the market growth.

Key companies such as B Braun Melsungen AG, DJO Global LLC, Smiths Medical, Pfizer, Inc., Codman, Baxter, Boston Scientific and others are operating in this market. Companies are engaged in strong research and development activities and strategic merger and acquisitions to expand their presence in this market. Due to this efforts, many companies have received government approval of their novel pain management devices. For instance, in January 2014, Smith Medical received U.S. FDA approval of CADD-Solis pain management device featured with Programmed Intermittent Bolus (PIB) and Patient Controlled Analgesics (PCA) delivery.

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Scope of the Report:
Market, by Products: Electrical Stimulators, Radiofrequency Ablation, Analgesic Infusion Pump and Neurostimulation;

Market, by Application: Oncology, Neuropathic and Musculoskeletal;
Market, by Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa and Rest of the World; Market, by Country: U.S., Canada, Germany, France, India, and China;

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
B Braun Melsungen AG
B Braun Melsungen AG
Smiths Medical
Pfizer, Inc.
Codman
Baxter
Boston Scientific

Key benefits of the report:
• The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• A thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

Research Methodology:
- Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
- Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
- Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
- Data Verification: Quality Assurance and Reach a Conclusion

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