Pain Management Devices Market, by Type (Neuromodulation & Neurostimulation Devices, Analgesic Infusion Pumps, and Ablation Devices), By Application (Neuropathic Pain, Cancer Pain, Facial & Migraine Pain, Musculoskeletal Pain, and Others), by End User (Hospitals, Clinics, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -

Published In : Jul 2023

Code : CMI3947

Pages :150

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Pain Management Devices Market- Driver

Effective and U.S. FDA (Food and Drug Administration) approved products are the key market players to expand product portfolio

The effectiveness of pain device management is the key to market expansion. The pain device management market relies heavily on the effectiveness of pain management devices in providing relief to patients. As more individuals seek alternative pain management solutions, the market has significant potential for growth. For instance, on January 26, 2023, ZetrOZ Systems, a leading healing innovations in sports medicine, developing wearable bioelectronic devices for the delivery of sustained acoustic medicine (sam), demonstrated the effectiveness of its samx1 and sam2.0 sustained acoustic medicine devices for soft tissue injury therapies. The samx1 is the first U.S. FDA-cleared pain management device of its kind cleared for everyday, at-home use.

Global Pain Management Devices Market: Restraint

Strict Market Regulation and Lack of Awareness

One of the main issues impeding market expansion is the strict regulatory environment for pain management devices. Due to the significant expenses associated with the development and approval processes, several makers of pain management devices are delaying the release of its products on the market. A significant barrier to the widespread use of pain management devices among patients and healthcare professionals in many nations is its expensive cost.

To overcome the challenge, certain awareness programs should be done to aware people about such devices, and also to treat by using pain management devices.