Pain Management Devices Market Trends, Industry Analysis, Emerging Factors, Growth Rate by 2026

The Global Pain Management Devices Market will benefit from increasing regulatory approvals for neuromodulation devices in recent years. According to a report published by Fortune Business Insights, titled “Pain Management Devices: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 3,922.9 Mn in 2018. Fortune Business Insights states that the market will reach US$ 8,046.3 Mn by 2026, exhibiting a CAGR of 9.4%.

Get Sample PDF Brochure of Pain Management Devices Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pain-management-devices-market-101069

Recent technological advancements have opened up a huge market growth potential. The report encompasses several factors that have contributed to the growth of the global pain management devices market. Besides this, the report includes a few of the factors that have acted as a barrier to market growth and signifies the market strategies adopted by leading companies, specifically aimed at overcoming these barriers.

Some of the Main Key Players Covered in the Report:

  • Medtronic
  • Boston Scientific Corporation
  • LivaNova
  • Abbott
  • DJO Global LLC
  • SPR Therapeutics
  • Nevro Corp

Pain management devices aid in reducing chronic pain and other undesirable conditions. Pain management can be used as an alternative to surgery to improve the result of your medication. This allows a non-invasive platform for surgical procedures, which in turn will lead to an increase in the global pain management devices market value.

Browse Summary for this report: https://www.fortunebusinessinsights.com/industry-reports/pain-management-devices-market-101069

35% Rise in Regulatory Approvals for Pain Management Device Indicates a Huge Potential for Growth in the Foreseeable Future

As the benefits of pain management devices have been unfolded in recent years, there has been an increase in adoption for these devices across the world. Resulting from the increasing demand for pain management devices, there has been a gradual increase in clinical approvals for these devices in recent years.

According to the International Neuromodulation Society, the total number of approvals for neuromodulation devices from the Food and Drug Administration increased by approximately 35% in the past decade. Fortune Business Insights states that the growing usage approvals will favour the growth of the global market in the forthcoming years.

Segmentation:

By Product Type

  • Electrical Stimulation Devices
  • RF Ablation Devices
  • Neuromodulation Devices
  • Infusion Pumps

By Application

  • Musculoskeletal
  • Brain
  • Cancer
  • Neuropathy

By End User

  • Physiotherapy Centers
  • Hospitals and Clinics

By Geography

  • North America
  • Europe
  • Asia Pacific

Fortune Business Insights profiles a few of the companies that have generated substantial market revenue in recent years. Some of the leading companies that are currently operating in the global pain management market are Medtronic, Boston Scientific Corporation, LivaNova, Abbott, DJO Global LLC, SPR Therapeutics, and Nevro Corp.

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