The size of the Pain Management Devices Market in North America was valued at USD 1.48 billion in 2022. It is expected to grow at a CAGR of 8.8% to reach USD 2.26 billion by 2027 during the forecast period. The growing demand for better management techniques from the patient population is a crucial driver of the pain management device market.
Nearly 70% of adults experience back pain, which is lower than neuropathic pain. The growth of the North America Pain Management Devices management market is also driven primarily by the increase in the number of hospitals and the number of health professionals worldwide. In addition, it is due to the growth of new pain management devices in the healthcare market, which has led the market.
Rising Research and development centers in the medical sector are lucrative to create growth opportunities for the market. The growing elderly population, especially in developing and developed countries, is exacerbating the chronic pain epidemic. It is a clear trend for increasing demand for pain management equipment. In the increased hospitalization for sports and recreation-related injuries is driving demand for pain management equipment. The Demand for exercise-related musculoskeletal injury is growing, especially in the developed North America Pain Management Devices Market. Besides, creating awareness over the availability of different treatment procedures for various chronic diseases is straight leveling up the market demand.
The high prices of pain management machines are limitations for developing the North America Pain Management Devices Market. In addition, stringent rules and regulations by the government in approving new devices are impeding the market growth. These devices are often used as second-line treatments for chronic pain patients resistant to drug therapy, which is the main challenge for the growth of the North American pain management devices market.
This research report on the North American 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, North America dominates the global pain management devices market during the forecast period. The United States leads the market due to the high awareness of people about the benefits of pain management devices and the developed healthcare infrastructure. Favorable regulatory and healthcare reforms such as the U.S. Patient Protection and Affordable Care Act of 2010 and many aging populations. Rapidly growing adoption of pain management devices is highly expected to drive the growth of the U.S. pain management devices market in the coming years. Also, increasing demand for drug-free therapy, rising disposable income, and the growing prevalence of chronic pain conditions are fuelling the market's growth. The number of Food and Drug Administration approvals for neuromodulation devices grew by 35.0% in the past decade. The International Neuromodulation Society published this data.
KEY MARKET PLAYERS:
Companies that play a pivotal role in the North American pain management devices market are St. Jude Medical, Inc., Boston Scientific Corporation, Medtronic plc, Baxter International, Stryker Corporation, Pfizer Codman, 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 United States
6.3 Canada
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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