The market size for Pain Management Devices in Europe is estimated to be worth USD 1.45 billion by 2027 from USD 0.99 billion in 2022, growing at a CAGR of 7.9% from 2022 to 2027.
Increasing elderly people population, growth in the diabetic population suffering from pain, technological advancements are majorly driving the market growth. Additionally, high disposable income and standard growth in joint and acute chronic illnesses further fuel the market. Furthermore, favorable reimbursement policies and growing R&D to develop new products are other factors significantly helping the market to improve further.
The high cost of the devices, fewer knowledge levels about these products may hamper the European pain management devise market. Post-operative side effects like hypersensitivity reactions and redness of the skin are those caused by these pain management devices that mainly obstruct the market growth. Furthermore, strict rules to be followed for the product launches and the manufacturing of these pain management devices may hinder the European region's market growth.
This research report on the European pain management devices market has been segmented and sub-segmented into the following categories:
By Device Type:
By Application:
By Mode of Purchase:
By Country:
Based on the region, Europe ranks second in holding the most significant share of the global pain management devices market, followed by North America in 2020. The UK pain management devices market is expected to dominate the European market due to many key market participants. Among all the nations of Europe, nearly 11% of adults and 8% of children are suffering from chronic pain, which affects around one-third and one-half of the overall population across the UK, which leads to the market growth of pain management devices. The German pain management devices market is next to the UK in projecting at a healthy rate. The growing prevalence of chronic and acute patients suffering pains is majorly driving the market.
KEY MARKET PLAYERS:
Companies playing a promising role in the European pain management devices market profiled in the report are St. Jude Medical, Inc., Boston Scientific Corporation, Medtronic plc, Baxter International, Stryker Corporation, Pfizer, Codman and Shurtleff, B Braun Melsungen AG, and DJO Global LLC.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Device Type
5.1.1 Introduction
5.1.2 Neurostimulation Devices
5.1.2.1 Transcutaneous Electrical Nerve Stimulation (TENS) Devices
5.1.2.2 Spinal Cord Stimulation (SCS) Devices
5.1.3 Ablation Devices
5.1.3.1 RF Ablation Devices
5.1.3.2 Cryoablation Devices
5.1.4 Analgesic Infusion Pumps
5.1.4.1 Intrathecal Infusion Pumps
5.1.4.2 External Infusion Pumps
5.1.5 Y-o-Y Growth Analysis, By Device Type
5.1.6 Market Attractiveness Analysis, By Device Type
5.1.7 Market Share Analysis, By Device Type
5.2 Application
5.2.1 Introduction
5.2.2 Neuropathic Pain
5.2.3 Musculoskeletal Pain
5.2.4 Facial Pain and Migraine
5.2.5 Cancer Pain
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
5.3 Mode of Purchase
5.3.1 Introduction
5.3.2 Over-the-Counter based
5.3.3 Prescription Based
5.3.4 Y-o-Y Growth Analysis, By Mode of Purchase
5.3.5 Market Attractiveness Analysis, By Mode of Purchase
5.3.6 Market Share Analysis, By Mode of Purchase
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Device Type
6.1.3.3 By Application
6.1.3.4 By Mode of Purchase
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Device Type
6.1.4.3 By Application
6.1.4.4 By Mode of Purchase
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Device Type
6.1.5.3 By Application
6.1.5.4 By Mode of Purchase
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 St. Jude Medical, Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Boston Scientific Corporation
8.3 Medtronic plc
8.4 Baxter international
8.5 Stryker corporation
8.6 Pfizer
8.7 Codman and Shurtleff
8.8 B Braun Melsungen AG
8.9 DJO Global LLC.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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