The global pain management devices market size is expected to reach USD 4.65 Billion at a steady revenue CAGR of 8.6% in 2030, according to latest analysis by Emergen Research. Rising prevalence of neurological disorders is a major factor driving market revenue growth. According to a new United Nations report, up to 1 billion individuals, or nearly one in six of the world’s population, suffer from neurological disorders, including migraine, brain injuries, and neuroinfections as well as diseases such as Alzheimer’s Disease (AD) and Parkinson’s Disease (PD), stroke, multiple sclerosis, and epilepsy. While every year, 6.8 million individuals die as a result of these illnesses. In addition, 20%–40% of patients with many basic neurological conditions experience chronic pain, which is a frequent component of many neurological disorders. These illnesses are caused by various pathophysiologies, such as neurodegeneration, neuroinflammation, and traumatic injury to central nervous system, hence, pain management devices are increasingly used to manage this pain.

Some of the key factors driving the growth of the global Pain Management Devices market include expanding R&D efforts to develop novel Pain Management Devices products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Pain Management Devices

The COVID-19 pandemic had a significant negative influence on the market for Pain Management Devices in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Pain Management Devices were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Pain Management Devices in 2020. Additionally, demand for Pain Management Devices decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Pain Management Devices market : Competitive Landscape

The prominent players operating in the Pain Management Devices market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Pain Management Devices market .

Some of the prominent players operating in the market are:

Medtronic, Stryker, BD, B. Braun SE, Boston Scientific Corporation, Abbott, Baxter, Avanos Medical, Inc., Teleflex, Incorporated, and Smiths Medical

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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Pain Management Devices market ?

What are the key factors driving the Global Pain Management Devices market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Pain Management Devices market ?

Who are the distributors, traders, and dealers of Pain Management Devices market ?

What are the Pain Management Devices market opportunities and threats faced by the vendors in the Global Pain Management Devices industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

• Type Outlook (Revenue, USD Million; 2019–2030)

  • Neurostimulation Devices
    1. Transcutaneous Electrical Nerve Stimulation (TENS) Devices
    2. Spinal Cord Stimulation
  • Infusion Pumps
    1. High Use of Infusion Pumps in Postoperative Pain Management
    2. Interathecal Infusion Pumps
    3. External Infusion Pumps
  • Ablation Devices
    1. Radiofrequency (RF) Ablation Devices
    2. Cryoablation Devices

• Application Outlook (Revenue, USD Million; 2019–2030)

  • Neuropathic Pain
  • Cancer Pain
  • Facial Pain & Migraine
  • Musculoskeletal Pain
  • Other Applications

• Mode of Purchase Outlook (Revenue, USD Million; 2019–2030)

  • Over-the-Counter Pain Management Devices
  • Prescription-Based Pain Management Devices

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Regional Bifurcation of the Pain Management Devices market Includes:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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