Medtronic of Canada Ltd. has received a license from Health Canada for its Intellis鈩?platform. This includes the world's smallest implantable spinal cord stimulator (SCS) for the management of few types of chronic intractable pain. Given the issues of opioid abuse prevalent in the country Clint Capela Jersey , it has become mandatory for Canadians to have access to new non-opioid treatment options. One of these options includes adoption of SCS that provides effective and long-term pain relief while being a treatment option for patients who are interested in trying a non-drug alternative.
To Get Sample Report visit The Global Pain Management Device Market totaled more than USD 3.58 billion in 2016 and is bound to reach USD 5.81 billion by 2023, as per Market Research Future (MRFR) report. The report also mentions that the global market is projected to grow at a healthy CAGR of 7.2 % during the forecast period (2016-2023). Pain-related disability is a significant and costly liability to patients, leading to frustration and inability to function in day to day life. Growing geriatric population, increasing prevalence of chronic pain and growth in government initiatives to mitigate the threat of chronic pain have been instrumental in the development of the global market in recent years. Moreover, conventional drug-based therapies generally come with the threat of side effects, hence giving rise to research and development (R&D) efforts. These activities by market players aim to introduce advanced pain management options with higher efficacy and safety Nene Jersey , thus giving birth to pain management devices. Furthermore, MRFR observes that the healthcare industry has not just managed to elevate its performance quotient but has also come up with adequate relief mechanisms across major hospitals and healthcare centers. A fact that bodes well with the global pain management devices market. Individuals suffering from minor and major diseases or disorders are quick to resort to treatments relieving them of pain or ailments, thus, giving propelling the market growth to a large extent.
Key Players for Global Pain Management Device Market
Market Research Future (MRFR) recognizes the following companies as the key players in Pain Management Device Market: There are plenty of large and small market players which operate in this market all over the globe.
The various key players in the global pain management devices market include Codman and Shurtleff, Inc. (US), Stryker Corporation (US) Luc Mbah a Moute Jersey , Hospira Inc. (US), Smiths Medical (UK), Baxter International Inc. (US), Boston Scientific Corporation (US), Medtronic Plc (US), St. Jude Medical (US) PJ Tucker Jersey , Bio-Medical Research (BMR) Ltd. (UK), Kimberly-Clark Corporation (US), DJO Global LLC (US), B. Braun Melsungen AG. (Germany) and Pain Management, Inc (US).
Segments for Global Pain Management Device Market
The segments of the global pain management devices market are type and application.
The types of pain management devices are stimulators, pumps Robert Horry Jersey , and ablation devices. The stimulators segment is sub-segmented into neuromodulator devices and transcutaneous electrical nerve stimulation (TENS) devices. The neuromodulator devices segment is sub-segmented into spinal cord stimulator, intrathecal pain pump, peripheral nerve stimulator, dorsal root ganglion stimulation and other. Furthermore, ablation devices segment is sub-segmented into microwave devices, cryoablation devices Clyde Drexler Jersey , and others. Pumps are sub-segmented into analgesic infusion pumps and other. Analgesic infusion pumps are sub-segmented into patient control infusion pumps, external infusion pumps, intrathecal infusion pumps and other.
By application, the global market is segmented on the basis of cancer pain, musculoskeletal pain, migraine Charles Barkley Jersey , and others. Increased healthcare spending along with availability of reimbursement aides the growth of the cancer pain market, subsequently triggering the growth of pain management devices market as well, due to massive demand for these devices by cancer patients.
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Regional Analysis for Global Pain Management Device Market
The report states that the global pain management devices market is spread across the regions of North America, Europe, Asia Pacific and Middle East and Africa.
Among all regions, North America captures the largest market for pain management devices followed by Europe. The growth of the regional market is strongly aided by huge investment and development in research and development. Lot of development and research in neurostimulation based pain management devices has also supported the r
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