Market Research Reports

Pain Management Devices Market (Electrical Stimulators, Radiofrequency Ablation, Analgesic Pumps, Neurostimulation Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

92pages
Published Date: 2013-07-23
 

Description



Pain management is a crucial area of healthcare services. Pain, either acute or chronic, is one of the most common complaints registered in the healthcare sector, and there are several ways to treat pain, depending upon its cause. Pain management devices are used in conjunction with or instead of pain medication and help alleviate pain by targeting the root cause. The global pain management devices market was worth US$2 billion in 2011. Growing at a CAGR of 13.1% in the forecast period, the market is estimated to be worth US$5 billion by 2018.

The report presents a comprehensive overview of the global pain management devices market. The drivers and restraints acting upon the market and dynamics shaping the market’s competitive landscape are examined in great detail, highlighting the effect of these factors on the market’s expected growth trajectory in the forecast period. 

Forecasts are presented for each product and application segment of the global pain management devices market for the period from 2010 to 2018. This presents a detailed elaboration on the market’s growth pattern, highlighting the segments expected to lead demand from the market.

Market attractiveness analysis is performed for the benefit of pain management devices market players and potential investors. To that end, recommendations from industry experts are also part of the report, helping both entry-level and established market players consolidate their position in the market.

Overview of the global pain management devices market

The global pain management devices market is led primarily by the rising incidence of neuropathic pain, which can’t be treated effectively by conventional pain medication. Increasing regulatory support to pain management devices, in the form of favorable reimbursement policies, is also boosting the global pain management devices market. Pain arising from chronic diseases such as diabetes and arthritis is also best combated with pain management devices rather than medication. Growing prevalence of such diseases also acts as a major growth driver for the pain management devices market.

Major product types in the global pain management devices market include electrical stimulators, analgesic infusion pumps, radiofrequency (RF) ablation, and neurostimulation devices. RF ablation leads the global market for pain management devices, due to its practicality and effectiveness. RF ablation reduces pain by deadening nerves in the affected area by application of heat. Treatment of spinal injuries, particularly lumbar and cervical injuries, is the most common application of RF ablation.

Neurostimulation devices and analgesic infusion pumps are the rising products in the pain management devices market. This is due to the post-surgery benefits of these devices. Recurrence of pain after surgery can be easily averted by these devices.

Innovation of miniature pain management devices is the prevalent trend in the global pain management devices market. Miniaturization not only makes devices more portable and convenient to use, but also reduces the production cost. These benefits are driving R&D efforts into miniaturization of pain management devices.

Companies mentioned in the research report

The report includes a detailed overview of the operations of major companies in the global pain management devices market, including Baxter International Inc., Boston Scientific Corporation, B. Braun Melsungen AG, Kimberley-Clark, Stryker Corporation, and Medtronic Inc.

Product Types in Global Pain Management Devices Market
  • Electrical Stimulators
  • Radiofrequency Ablation
  • Analgesic Infusion Pumps
  • Neurostimulation Devices
Major geographies analyzed under this research report are: 
  • Europe
  • North America 
  • Asia Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents


Table of Content

Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Scope of the Report
1.4 Research Methodology
      1.4.1 Sources
               1.4.1.1 Secondary Research
               1.4.1.2 Primary Research
               1.4.1.3 Models
1.5 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Pain Management Devices Market (2011 & 2018)
2.2 Global Pain Management Devices Market, by Product Types, 2011 (USD Million)

Chapter 3 Global Pain Management Devices Market Dynamics
3.1 Overview
3.2 Drivers
       3.2.1 Rising Prevalence of Diabetes and Rapidly Aging World Population
       3.2.2 Rise in Cancer Population
       3.2.3 Rise in Neuropathic Pain Disorders
       3.2.4 Ineffective Oral Drugs and Reluctance for Surgical Intervention to Boost the Growth of Pain Management Devices
       3.2.5 Favorable Reimbursement Policies To Expedite The Growth Of The Market
       3.2.6 Increase Government Preference Towards Reduced Hospital Stay Has Propelled the Growth Of Pain Devices
       3.2.7 Technological Advancements
3.3 Restraints
       3.3.1 Side Effects of Pain Management Devices
       3.3.2 Implementation of the Affordable Healthcare for America Act, 2010
3.4 Opportunities
       3.4.1 Emerging Economies in Asia, Latin America and Eastern European Countries
3.5 Porter’s Five Forces Analysis
       3.5.1 Bargaining Power of Suppliers
       3.5.2 Bargaining Power of Buyers
       3.5.3 Threat of New Entrants
       3.5.4 Threat of Substitutes
       3.5.5 Competitive Rivalry
3.6 Market Attractiveness Analysis
3.7 Market Share Analysis by Key Players, 2011 (%)
       3.7.1 Global Pain Management Devices Market Share Analysis of Key Players, 2011 (%)

Chapter 4 Pain Management Devices Market, by Types
4.1 Overview
4.2 Electrical Stimulators
       4.2.1 TENS (Transcutaneous Electrical Nerve Stimulators)
                4.2.1.1 Global TENS Market Revenues, 2010 – 2018 (USD Million)
       4.2.2 Other Electrical Stimulators (EMS, IF,HVPGS & MS)
              4.2.2.1 Global Other Electrical Stimulators Market Revenues, 2010 – 2018 (USD Million)
4.3 Radiofrequency Ablation
       4.3.1 Global Radiofrequency Devices Market Revenues, 2010 – 2018 (USD Million)
4.4 Analgesic Infusion Pumps
       4.4.1 Global Analgesic Pumps Market Revenues, by Types, 2010 – 2018 (USD Million)
       4.4.2 Global Analgesic Pumps Market Revenues, by Geography, 2010 – 2018 (USD Million)
       4.4.3 Intrathecal Infusion Pumps
               4.4.3.1 Global Intrathecal Infusion Pumps Market Revenues, 2010 – 2018 (USD Million)
       4.4.4 External Infusion Pumps
              4.4.4.1 Global External Analgesic Infusion Pumps Market Revenues, 2010 – 2018 (USD Million)
4.5 Neurostimulation Devices
       4.5.1 Global Neurostimulation Devices Market Revenues, 2010 – 2018 (USD Million)
       4.5.2 Spinal Cord Stimulator (SCS)
                4.5.2.1 Global Spinal Cord Stimulator Devices Market Revenues, 2010 – 2018 (USD Million)
       4.5.3 Deep Brain Stimulator (DBS)
               4.5.3.1 Global Deep Brain Stimulator Devices Market Revenues, 2010 – 2018 (USD Million)
       4.5.4 Sacral Neurostimulator
                4.5.4.1 Global Sacral Neurostimulator Devices Market Revenues, 2010 – 2018 (USD Million)

Chapter 5 Pain Management Devices Market, by Applications
5.1 Overview
5.2 Electrical Stimulation Devices Market by Applications
       5.2.1 Electrical Stimulation Devices Market by Applications, 2010-2018 (USD Million)
5.3 Neurostimulation Devices Market by Applications
       5.3.1 Neurostimulation Devices Market by Applications, 2010-2018 (USD Million)
5.4 Analgesic Infusion Pump Market by Applications
       5.4.1 Analgesic Infusion Pump Market by Applications, 2010-2018 (USD Million)
5.5 RF Ablation Market by Applications
5.6 RF Ablation Market by Applications, 2010-2018 (USD Million)

Chapter 6 Pain Management Devices Market, by Geography
6.1 Overview
       6.1.1 Global Pain Management Devices Market Revenues, by Geography, 2010-2018 (USD Million)
6.2 North America
       6.2.1 North America Pain Management Devices Market Revenues, 2010 – 2018 (USD Million)
6.3 Europe
       6.3.1 Europe Pain Management Devices Market Revenues, 2010 – 2018 (USD Million)
6.4 Asia
       6.4.1 Asia Pain Management Devices Market Revenues, 2010 – 2018 (USD Million)
6.5 ROW
       6.5.1 ROW Pain Management Devices Market Revenues, 2010 – 2018 (USD Million)

Chapter 7 Recommendations
7.1 Success Strategies
       7.1.1 Rigorous Research and Development (R&D) Initiatives
       7.1.2 Investing in Emerging Economies
7.2 Barriers to be Considered
       7.2.1 High Cost of Investment

Chapter 8 Company Profiles
8.1 Baxter International Inc.
       8.1.1 Company Overview
       8.1.2 Financial Overview
       8.1.3 Product Portfolio
       8.1.4 Volumetric Infusion Pump
       8.1.5 Business Strategies
       8.1.6 Recent Developments
8.2 B. Braun Melsungen AG
       8.2.1 Company Overview
       8.2.2 Financial Overview
       8.2.3 Product Portfolio
       8.2.4 Business Strategies
8.3 Boston Scientific Corporation
       8.3.1 Company Overview
       8.3.2 Financial Overview
       8.3.3 Business Strategies
       8.3.4 Product Portfolio
       8.3.5 Recent Developments
8.4 Codman And Shurtleff, Inc
       8.4.1 Company Overview
       8.4.2 Financial Overview
       8.4.3 Business Strategies
       8.4.4 Product Portfolio
       8.4.5 Recent Developments
8.5 DJO Global LLC
       8.5.1 Company Overview
       8.5.2 Financial Overview
       8.5.3 Business Strategies
       8.5.4 Product Portfolio
       8.5.5 Recent Developments
8.6 Hospira Inc.
       8.6.1 Company Overview
       8.6.2 Financial Overview
       8.6.3 Product Portfolio
       8.6.4 Business Strategies
8.7 Kimberly-Clark Corporation
       8.7.1 Company Overview
       8.7.2 Financial Overview
       8.7.3 Product Portfolio
       8.7.4 Business Strategies
       8.7.5 Recent Developments
8.8 Medtronic, Inc.
       8.8.1 Company Overview
       8.8.2 Financial Overview
       8.8.3 Business Strategies
       8.8.4 Product Portfolio
       8.8.5 Recent Developments
8.9 Smiths Medical
       8.9.1 Company Overview
       8.9.2 Financial Overview
       8.9.3 Product Portfolio
       8.9.4 Business Strategies
       8.9.5 Recent Developments
8.10 St. Jude Medical, Inc.
       8.10.1 Company Overview
       8.10.2 Financial Overview
       8.10.3 Business Strategies
       8.10.4 Product Portfolio
       8.10.5 Recent Developments
8.11 Stryker Corporation
       8.11.1 Company Overview
       8.11.2 Financial Overview
       8.11.3 Business Strategies
       8.11.4 Product Portfolio
       8.11.5 Recent Developments

List of Figures

FIG. 1 Global Pain Management Devices Market Segmentation
FIG. 2 Global Pain Management Devices Market, by Product Types, 2011 (USD Million)
FIG. 3 Porter’s Five Forces Analysis: Global Pain Management Devices Market
FIG. 4 Market Attractiveness Analysis: Global Pain Management Devices Market, by Geography
FIG. 5 Global Pain Management Devices Market Share Analysis of Key Players, 2011 (%)
FIG. 6 Global TENS Market Revenues, 2010 – 2018 (USD Million)
FIG. 7 Global Other Electrical Stimulators Market Revenues, 2010 – 2018 (USD Million)
FIG. 8 Global Radiofrequency Devices Market Revenues, 2010 – 2018 (USD Million)
FIG. 9 Analgesic Infusion Pumps by Types
FIG. 10 Global Intrathecal Infusion Pumps Market Revenues, 2010 – 2018 (USD Million)
FIG. 11 Global External Analgesic Infusion Pumps Market Revenues, 2010 – 2018 (USD Million)
FIG. 12 Global Spinal Cord Stimulator Devices Market Revenues, 2010 – 2018 (USD Million)
FIG. 13 Global Deep Brain Stimulator Devices Market Revenues, 2010 – 2018 (USD Million)
FIG. 14 Global Sacral Neurostimulator Devices Market Revenues, 2010 – 2018 (USD Million)
FIG. 15 North America Pain Management Devices Market Revenues, 2010 – 2018 (USD Million)
FIG. 16 Understanding Chronic Pain Of Europe
FIG. 17 Europe Pain Management Devices Market Revenues, 2010 – 2018 (USD Million)
FIG. 18 Asia Pain Management Devices Market Revenues, 2010 – 2018 (USD Million)
FIG. 19 ROW Pain Management Devices Market Revenues, 2010 – 2018 (USD Million)
FIG. 20 Baxter International Inc., Annual Sales: 2010 – 2012 (USD Billion)
FIG. 21 B. Braun Melsungen AG, Annual Sales: 2010 – 2012 (USD Billion)
FIG. 22 Boston Scientific Corporation, Annual Sales: 2010– 2012 (USD Million)
FIG. 23 Johnson & Johnson, Annual Sales: 2010– 2012 (USD Million)
FIG. 24 Hospira Inc., Annual Sales: 2010 – 2012 (USD Billions)
FIG. 25 Kimberly Clark Corporation, Annual Sales: 2010 – 2012 (USD Million)
FIG. 26 Medtronic Inc., Annual Sales: 2010 – 2012 (USD Million)
FIG. 27 Smiths Medical, Annual Sales: 2010 – 2012 (USD Million)
FIG. 28 St. Jude Medical, Annual Sales: 2010 – 2012 (USD Million)
FIG. 29 Stryker Corporation, Annual Sales: 2010 – 2012 (USD Million)

List of Tables

TABLE 1 Global Pain Management Devices Market: Snapshot (2011 & 2018)
TABLE 2 Global Pain Management Devices Market Revenues, by Types, 2010 – 2018 (USD Million)
TABLE 3 Global Electrical Stimulator Devices Market, by Types, 2010 – 2018 (USD Million)
TABLE 4 Global Electrical Stimulator Devices Market, by Geography, 2010 – 2018 (USD Million)
TABLE 5 U.S. Patient Population, by Types of Disease Conditions, 2011

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Free Market Analysis


Increased technological advances in the pain management sector have triggered the growth of the pain management devices market. Pain management devices comprise a variety of instruments such as electrical stimulators, analgesic pumps, radiofrequency ablation and neurostimulation devices. Absence of efficient analgesic drugs coupled with rise of chronic diseases such as cancer, arthritis and diabetes have proven to be growth incentives for this segment. In addition, reoccurrence of pain after few years of surgery has compelled the patient population to opt for easy to use minimally invasive devices such as implantable analgesic pumps or neurostimulators. Moreover, companies in this sector are collaboratively working towards introduction of innovative products which would satisfy the unmet needs of patients. Limitations like miniaturization, achievement of read out time and cost efficiency are being worked on by all the major players of this market. 

Radiofrequency (RF) ablation technology has proven to be beneficial for pain management and engages the ablation of the nerves of affected tissues. Heat generated by the radiofrequency ablator destroys the nerves and thus blocks the passage of pain signals to the brain. RF ablation is performed after all other methods such as nerve blocks, epidural steroid administration, and facet joint injection, have been tried and failed to deliver relief from pain. Lumbar and cervical radiofrequency ablations are the mostly commonly performed procedures in pain management. The market for radiofrequency pain ablation technology for pain management was valued to be USD 287.0 million in year 2011 and is expected to have the highest growth. 

Neurostimulator devices use mild frequencies of currents to block the passage of pain signals. This device is an implantable device and comprise of components including a generator, catheter (leads), and programmer. The generator is implanted under the skin of the abdomen or sacrum whereas the catheter is a thin wire which is implanted in the epidural space. The global market for neurostimulation devices for pain management was valued to be USD 1,017.6 million in 2011 and is anticipated to have a healthy growth in the coming years of forecast.
Geographically, the North American region constituted the largest market for pain management devices in year 2011; however, Asia is predicted to foresee highest growth rate of 21.7% from 2012 to 2018. This growth has been attributed to increase in disease awareness and rising disposable incomes. In addition the Asian region has been predicted to have the highest incidence rates of cancer and diabetes by 2020, by the World Health Organization. Favorable reimbursement policies and research funding by governments in the region will also provide the required impetus for the growth of the market.

The pain management devices market is predominantly an oligopolistic one and is ruled by players such as Medtronic Inc, St.Jude Medical, Boston Scientific, Kimberly Clark and others.

global-pain-management-devices-market-by-product-types-2011
 

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