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Pain Management Devices Market Share

Report ID: GMI6125
Published Date: Jun 2023
Report Format: PDF

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Pain Management Devices Market Share

Some of the leading companies operating in the pain management devices market include:

Boston Scientific Corporation
Medtronic plc
B. Braun Melsungen AG
Stryker Corporation
Abbott Laboratories
Stim Wave Technologies,
Nevro Corporation

The pain management devices industry is competitive in nature, with major players, and local regional companies, along with new start-ups focusing on improved product offerings that is further consolidating the industry competition. The key participants are involved in strategic developments including partnerships & collaboration, product launches, mergers, and acquisition to improve their industry positioning.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

The market size of pain management devices was valued at over USD 4.4 billion in 2023 and will reach around USD 9.5 billion by 2032, backed by the favorable reimbursement policies, technological advancements, growing aging population, and increasing prevalence of chronic pain.

The market share from neuropathic pain segment is projected to surpass around USD 2.8 billion by 2032, owing to the growing body of clinical evidence supporting the effectiveness of pain management devices in neuropathic pain management.

North America pain management devices market is anticipated to cross around USD 4 billion by 2032, attributed to a well-developed and advanced healthcare infrastructure with state-of-the-art hospitals, clinics, and research institutions in the region.

Boston Scientific Corporation, Medtronic plc, B. Braun Melsungen AG, Stryker Corporation, Abbott Laboratories, Stim Wave Technologies, and Nevro Corporation among others.