Pain Management Device Market on Track for 9.3% CAGR Growth | Demand & Technological Trends

MarkNtel Advisors recently published a detailed industry analysis of the Global Pain Management Device Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Pain Management Device Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Pain Management Device Market size was valued at around USD 3,808 million in 2024 and is projected to reach USD 6,500 million by 2030. Along with this, the market is also estimated to grow at a CAGR of around 9.3% during the forecast period, i.e., 2025-30. 

Key Findings in Global Pain Management Device Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- Abbott Laboratories, Smith’s Medical, B. Braun Melsungen AG, Baxter International Inc., Boston Scientific Corp., Colfax Corp., Medtronic plc, Nevro Corp., Stryker, Omron Corporation, Stimwave LLC, Kimberly-Clark Corporation, DJO Global LLC, Motive Health, Inc., Koninklijke Philips NV, Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Pain Management Device industry?

Increasing Prevalence of Chronic Pain Driving Demand – Chronic pain is a significant health problem that affects millions of people worldwide and forces them to seek efficient solutions for pain management. For instance, as per data from 2021 by the Centers for Disease Control and Prevention in the US, around 20.9% of adults are affected by chronic pain, creating a high requirement for pain management. Around 6.9% of them, estimated at 17.1 million individuals, had high-impact chronic pain severe enough to interfere with daily life.

Also in 2023, the incidence of new chronic pain cases was reported at 52.4 cases per 1,000 people per year, which indicates an increasing public health challenge. With a rise in chronic pain, safer pain management devices are being adopted instead of opioids, further driving the market growth. The non-invasive or minimally invasive solutions provided by these devices enable patients to manage their pain effectively while limiting the risks associated with long-term usage of opioids. The rise in the focus on non-pharmacological treatments to avoid the prevalence of chronic pain is also hastening the advancement in pain management technologies.

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What segments define the Global Pain Management Device Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Device Type

• Neuromodulation & Neurostimulation Devices-Market Size & Forecast 2019-2030, USD Million
• Analgesic Infusion Pumps-Market Size & Forecast 2019-2030, USD Million
  • Intrathecal Infusion Pumps- Market Size & Forecast 2020-2030, (USD Million)
  • External Infusion Pumps-Market Size & Forecast 2020-2030, (USD Million)
• Ablation Devices-Market Size & Forecast 2019-2030, USD Million
  • Radiofrequency Ablation Devices- Market Size & Forecast 2020-2030, (USD Million)
  • Cryoablation Devices-Market Size & Forecast 2020-2030, (USD Million)
• Neurothrombectomy Devices-Market Size & Forecast 2019-2030, USD Million
  • Radiofrequency Ablation Devices- Market Size & Forecast 2020-2030, (USD Million)
  • Cryoablation Devices-Market Size & Forecast 2020-2030, (USD Million)

According to report, Based on device type, neuromodulation and neurostimulation devices have the largest market share, around 40%. 

By Application

• Neuropathic Pain-Market Size & Forecast 2020-2030, USD Million
• Cancer Pain-Market Size & Forecast 2020-2030, USD Million
• Facial & Migraine Pain-Market Size & Forecast 2020-2030, USD Million
• Musculoskeletal Pain-Market Size & Forecast 2020-2030, USD Million
• Others-Market Size & Forecast 2020-2030, USD Million

By End-User

• Hospital & Clinics-Market Size & Forecast 2020-2030, USD Million
• Physiotherapy Centers-Market Size & Forecast 2020-2030, USD Million
• Rehabilitation Centers-Market Size & Forecast 2020-2030, Thousand

According to report, The largest share of the Global Pain Management Devices Market is held by hospitals & clinics, accounting for about 36%.

Explore the Complete Global Pain Management Device Market Analysis Report – https://www.marknteladvisors.com/research-library/pain-management-device-market.html

Geographical Analysis: Global Pain Management Device Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Global Pain Management Device Industry Recent Development:

• In April 2024, Medtronic (Ireland) got FDA approval for its Inceptive spinal cord stimulator, a rechargeable device that helps treat chronic pain using closed-loop technology.
• May 2023: Abbott announced that the U.S. Food and Drug Administration (FDA) approved its spinal cord stimulation (SCS) devices for the treatment of chronic back pain patients who are not ready or eligible to receive back surgery, known as non-surgical back pain.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Pain Management Device Market?
• How is the Global Pain Management Device Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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