Pain Management Devices Market Rising in United States | Fortune Business Insights
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%.
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. Recent technological advancements have opened up a huge pain management devices 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. The increasing number of people suffering from pain through chronic diseases will aid the growth of the global pain management devices market in the forthcoming years. According to the Centers for Disease Control and Prevention, around 20.4% of the total population in the US suffered from chronic pain in 2016. In addition to the increasing incidence of chronic pain, increasing neuropathic conditions will contribute to the increasing pain management devices market size.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/sample/pain-management-devices-market-101069
North America | United States, Canada and Mexico |
Europe | Germany, UK, France, Italy, Russia and Turkey etc. |
Asia-Pacific | China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc. |
South America | Brazil, Argentina, Columbia etc. |
Middle East & Africa | Saudi Arabia, UAE, Egypt, Nigeria and South Africa |
Growing Adoption of Pain Management Devices to Favor Growth of Market in North America
The increasing adoption of pain management devices will favour the growth of the pain management devices market in North America. In addition to the rising uptake for these devices, increasing per capita income and the increasing demand for drug-free therapeutic procedures will favor the growth of the regional market. Furthermore, the high prevalence of chronic diseases will offer a massive platform for the growth of pain management devices in this region. Fortune Business Insights states that the pain management devices market in North America was valued at US$ 3,032.0 Mn in 2018 and is likely to expand in the coming years. Having said that, Asia Pacific is likely to witness considerable growth due to the developing healthcare infrastructure and increasing awareness regarding the benefits of electrical stimulation devices in this region.
Fortune Business Insights profiles some of the leading companies that are operating in the global pain management devices market. The report signifies the importance of the strategies adopted by leading pain management devices market companies. A few of the leading companies that are currently operating in the market are Medtronic, Boston Scientific Corporation, LivaNova, Abbott, DJO Global LLC, SPR Therapeutics, and Nevro Corp.
Speak To Our Analyst:
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Comments
Post a Comment