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Published Date: 2015-12-21Number of Pages: 102

Pain Management Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Pain management devices have witnessed a significant surge in demand in the recent times. The rising prevalence of chronic pain in individuals, owing to the increasing incidence of diabetes, obesity, cancer, osteoarthritis and rheumatoid arthritis, and spinal problems, has fueled the need for pain management and, thereby, pain management devices substantially. The global increase in the geriatric population is also boosting the adoption of these devices considerably across the world.

In 2014, the opportunity in the pain management devices market, globally, was worth US$3.2 bn. Increasing at a CAGR of 7.60% between 2015 and 2023, it is likely to reach US$6.3 bn by the end of the forecast period.

Opportunity in Neurostimulation Devices to Reach US$2.3 bn by 2023

Electrical stimulation devices, neurostimulation devices, radiofrequency ablation devices, and analgesic infusion pumps are the prime pain management devices utilized across the world. Topmost consumption among these is reported by neurostimulation devices. In 2014, the segment contributed US$1.3 bn in terms of revenue to the overall market.

The rise in the implantation of deep brain stimulation (DBS) devices and spinal cord stimulation (SCS) devices in patients suffering from chronic pain in lower back, legs, and limbs has increased the application of neurostimulation devices significantly. Analysts expect the trend to remain growing in the near future, ensuring the lead of this segment among all types of pain management devices.

By the end of 2023, the opportunity in neurostimulation devices segment is likely to reach US$2.3 bn; however, the analgesic infusion pumps segment is anticipated to record the fastest growth by then. This segment is estimated to report a CAGR of 10.30% between 2015 and 2023.

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Asia Pacific to Present Promising Opportunities in Pain Management Devices

Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa are the key regional markets for pain management devices in the world. Among these, North America emerged as the leading consumer of these devices in 2014, contributing US$1.5 bn in revenues.

Analysts expect the region to maintain its leadership throughout the forecast period on account of the increasing incidence of chronic pain among elderly people, rising cases of sports-related injuries, growing prevalence of neuromuscular disease, lifestyle-related disorders, and various other co-morbid conditions. The increased access to healthcare is also anticipated to boost the adoption of pain management devices in this region.

Asia Pacific, however, is likely to surface as the most promising market for pain management devices in the near future, registering the fastest CAGR of 10.0% between 2015 and 2023. The availability of potential opportunities in emerging economies, coupled with the rise in spending power of people in this region, is projected to fuel the application of these devices in Asia Pacific over the next few years.

Medtronic Plc, Boston Scientific Corp., St. Jude Medical, and DJO Global are the key manufacturers of pain management devices across the world. Other prominent players in this market are Bio-Medical Research (BMR) Ltd., Baxter International Inc., Codman & Shurtleff Inc., Halyard Health, Smiths Medical, Hospira Inc., and Stryker Corp.


Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.4 Research Methodology: Assumptions

Chapter 2 Executive Summary
2.1 Global Pain Management Devices Market, Estimates and Forecast, By Revenue, 2013–2023 (US$ Mn)
2.2 Global Pain Management Devices Market, by Product Type, 2014 (US$ Mn)
2.3 Global Electrical Stimulation Devices Market, by Application, 2014 (US$ Mn)
2.4 Global Market Share by Geography, 2014 and 2023 (Value %)
2.5 Pain Management Devices Market Snapshot

Chapter 3 Pain Management Devices Market Overview
3.1 Introduction
3.2 Market Drivers
     3.2.1 Driver 1 - Rising prevalence of chronic medical conditions
     3.2.2 Driver 2 - Changing patient pool demographics and increasing geriatric population
            3.2.2.1 Percentage of Population (for U.S., China, Japan, and India) over the age of 65: 1980–2050 
     3.2.3 Driver 3 - Commercialization of technologically advance therapeutic products
     3.2.4 Driver 4 - Encouraging reimbursement policies
3.3 Restraints
     3.3.1 Restraint 1 - Risks associated with neurostimulation implant procedures 
     3.3.2 Restraint 2 - Implementation of the Affordable Care Act and medical device tax
3.4 Opportunities
     3.4.1 Opportunity 1 - Disposable income and growing patient pool in emerging markets
     3.4.2 Opportunity 2 - Increased government preference toward reduced hospital stay
3.5 Porter’s Five Forces Analysis
3.6 Company Market Share - Pain Management Devices Market (2014) (%) 
3.7 Market Attractiveness Analysis - Pain Management Devices Market
3.8 Overview of Pain

Chapter 4 Market Segmentation – By Product Type
4.1 Introduction
     4.1.1 Global Pain Management Devices Market, by Product Type, 2013–2023 (US$ Mn)
4.2 Global Electrical Stimulation Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.2.1 Global TENS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.2.2 Global NMES/EMS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.2.3 Global Other ESDs for Pain Management Market Revenue, 2013–2023 (US$ Mn)
4.3 Global Radiofrequency Ablation Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
4.4 Global Analgesic Infusion Pumps Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.4.1 Global Intrathecal Infusion Pumps for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.4.2 Global External Infusion Pumps for Pain Management Market Revenue, 2013–2023 (US$ Mn)
4.5 Global Neurostimulation Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.5.1 Global SCS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.5.2 Global DBS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.5.3 Global VNS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)
     4.5.4 Global SNS Devices for Pain Management Market Revenue, 2013–2023 (US$ Mn)

Chapter 5 Market Segmentation - By Application
5.1 Introduction
5.2 Global Electrical Stimulation Devices Market Revenue, by Application, 2013–2023 (US$ Mn)
5.3 Global Neurostimulation Devices Market Revenue, by Application, 2013–2023 (US$ Mn)
5.4 Global Analgesic Infusion Pumps Market Revenue, by Application, 2013–2023 (US$ Mn)
5.5 Global Radiofrequency Ablation Devices Market Revenue, by Application, 2013–2023 (US$ Mn)

Chapter 6 Market Segmentation - By Region
6.1 Overview
     6.1.1 Global Pain Management Devices Market Revenue, by Geography, 2013–2023 (US$ Mn)
6.2 North America Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
     6.2.1 U.S. Pain Management Devices Market Revenue, by Product Type, 2013–2023 (US$ Mn)
            6.2.1.1 U.S. Electrical Stimulation Devices Market Revenue, 2013–2023 (US$ Mn)
                     6.2.1.1.1 U.S. TENS Devices Market Revenue, by Anatomical Application, 2013–2023 (US$ Mn)
6.3 Europe Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
6.4 APAC Pain Management Devices Market Revenue,  by Country, 2013–2023 (US$ Mn)
6.5 Latin America Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
6.6 MENA Pain Management Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
6.7 RoW Pain Management Devices Market Revenue, 2013–2023 (US$ Mn)

Chapter 7  Recommendations

Chapter 8 Company Profiles
8.1 Baxter International, Inc.
8.2 Bio-Medical Research (BMR) Ltd.
8.3 Boston Scientific Corporation
8.4 Codman & Shurtleff, Inc.
8.5 DJO Global, Inc.
8.6 Halyard Health
8.7 Hospira, Inc. (a subsidiary of Pfizer, Inc.)
8.8 Medtronic plc
8.9 St. Jude Medical
8.10 Smiths Medical 
8.11 Stryker Corporation

Pain can be controlled with the use of electrical currents, analgesic pumps, radiofrequency ablation or minimally invasive procedures such as neurostimulation. Pain management devices comprise various therapeutic products used to relieve pain. The stakeholders of this market report comprise established original equipment manufacturers, product distributors, and new players who wish to enter the global pain management devices market. 

This report provides a complete analysis of the global pain management devices market and helps in recognizing several governing factors that impact the market both positively and negatively. Executive summary of the report captures comprehensive insights about every segment considered in this study. It includes a market snapshot offering an insight into the current scenario of the pain management devices market in terms of current and future market size along with growth rate. 

The market overview segment provides thorough information on the trends in the usage pattern of various products for pain management, such as drivers, restraints, and growth opportunities that presently regulate the dynamics of the overall market. Competitive analysis tools such as Porter’s Five Forces analysis and market attractiveness analysis have also been incorporated in this study to provide analysis about the level of competition within the pain management devices market. Competitive intelligence tools such as market attractiveness analysis have also been included in the market overview section of the report to deliver a clear understanding of the most attractive and fastest growing region globally for pain management devices. Market share analysis thus provided in this study is in context with major players of pain management device operating in the market; this would help new players to understand the key business models and geographical presence and identify the specific product lines of existing companies to establish a strong presence in the pain management devices market. 

The global pain management devices market has been segmented based on various product type used across various geographies, application, and geographies. Based on product type the market has been categorized into electrical stimulation devices (ESDs), radiofrequency ablation devices, analgesic infusion pumps, and neurostimulation devices. ESDs are further segmented into transcutaneous electrical nerve stimulation (TENS) devices, neuromuscular electrical stimulation (NMES/EMS) devices, and other electrical stimulation devices (electrotherapy devices, combination devices, TNS, TMS, etc.). Analgesic infusion pumps are further segmented into intrathecal infusion pumps and external infusion pumps. Similarly, neurostimulation devices are segmented into spinal cord stimulation (SCS) devices, deep brain stimulation devices, vagus nerve stimulation devices, and sacral nerve stimulation devices. Based on application the electrical stimulation devices market has been segmented into neuropathic pain, cancer pain, facial & migraine pain, musculoskeletal pain, and trauma. Neurostimulation devices market is segmented neuropathic pain, cancer pain, facial & migraine pain, and musculoskeletal pain. Analgesic infusion pumps market is segmented into neuropathic pain, cancer pain, musculoskeletal pain, and trauma. Similarly, by application areas, radiofrequency ablation devices market is segmented into neuropathic pain, cancer pain, and musculoskeletal pain. The market size for the period from 2013 to 2023 has been provided for each of the product and application categories mentioned above in terms of US$ Mn. Along with the market size that was projected considering 2014 as the base year and 2013 as the historical year, the CAGR (%) of each market segment for the forecast period from 2015 to 2023 has also been provided. 

Geographically, the pain management devices market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East & North Africa, and Rest of the World. North America has been further segmented into the U.S. and Canada; Europe into Germany, the U.K. and Rest of Europe; Asia Pacific into Japan, China, Australia, and Rest of Asia Pacific; Latin America into Brazil and Rest of Latin America; Middle East & North Africa (MENA) into Egypt, Saudi Arabia, and rest of MENA; and Rest of the world. The market revenue of pain management devices for each geographical region for 2014 and 2023 along with forecast from 2015 to 2023 in respective regions in terms of USD million, has been explained in the geography section of the report.

This market study concludes with profiles of key players in the global pain management devices market. The report summarizes the companies in terms of overview, financial overview, product and services portfolio, key business strategies, and recent developments. The major players profiled in the section are Baxter International Inc., Bio-Medical Research (BMR) Ltd., Boston Scientific Corporation, Codman & Shurtleff, Inc., DJO Global, Inc., Halyard Health, Hospira, Inc., Medtronic plc, St. Jude Medical, Smiths Medical, and Stryker Corporation 

The global pain management devices market has been segmented as follows:

Pain Management Devices Market, by Product Type

  • Electrical Stimulation Devices
    • Transcutaneous Electrical Nerve Stimulation (TENS) Devices
    • Neuromuscular Electrical Stimulation (NMES/EMS) Devices
    • Other Electrical Stimulation Devices (Electrotherapy Devices, Combination Devices, TNS, TMS, etc.)
  • Radiofrequency Ablation Devices
  • Analgesic Infusion Pumps
    • Intrathecal Infusion Pumps
    • External Infusion Pumps
  • Neurostimulation Devices
    • Spinal Cord Stimulation (SCS) Devices
    • Deep Brain Stimulation Devices
    • Vagus Nerve Stimulation Devices
    • Sacral Nerve Stimulation Devices

Pain Management Devices Market, by Application

  • Electrical Stimulation Devices Market, by Application
    • Neuropathic Pain
    • Cancer pain
    • Facial & Migraine Pain
    • Musculoskeletal Pain
    • Trauma
  • Neurostimulation Devices Market, by Application
    • Neuropathic Pain
    • Cancer pain
    • Facial & Migraine Pain
    • Musculoskeletal Pain
  • Analgesic Infusion Pump Market, by Application
    • Neuropathic Pain
    • Cancer pain
    • Trauma
    • Musculoskeletal Pain
  • Radiofrequency Ablation Devices, by Application
    • Neuropathic Pain
    • Cancer pain
    • Musculoskeletal Pain

Pain Management Devices Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & North Africa (MENA)
    • Egypt
    • Saudi Arabia
    • Rest of MENA
  • Rest of the World (RoW)