The latest market intelligence study on the pain management devices market
covers the performance of both the key vendors and new entrants for the forecast period, 2019 - 2030. Estimated value, profits, gross margin, spending power and consumption volume form an important part of the study that aims at offering the business owners, stakeholders, and marketing personnel a competitive edge over others. Importantly, the study discusses a lot about, the product application, classification and performance across different regions.
The well-known players in the global pain management devices market are Medtronic, ST. Jude Medical, Inc. (A subsidiary of Abbott), Boston Scientific Corporation, Hospira, Inc. (A subsidiary of Pfizer Inc.), Smiths Medical, B. Braun Melsungen AG, Halyard Health, Inc. (O&M Halyard or its affiliates) BIO-MEDICAL RESEARCH LTD, BD, and Nevro Corp. among others.
Increasing burden of chronic diseases to boost the market growth
Increasing global burden of conditions such as cancer, several musculoskeletal pains, neuropathic pain and others are projected to be the major factors leading to the market growth. According to American Cancer Society, in 2017, there were over 1.6 million new cancer cases in the U.S. Continually incrementing incidences and prevalence of chronic disorder worldwide is anticipated to present a lucrative growth opportunity for the pain management market in the coming times.
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Increasing Geriatric Population
The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global pain management devices market in the coming times. Since, the utilization of pain management devices products for assisting treatment and facilitating faster recovery from pain among aged population is enormously crucial.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing geriatric population, continuously growing economy, increasing burden of chronic diseases and increasing awareness regarding latest healthcare technology is anticipated to present a lucrative growth scenario for the pain management devices market in this region. Furthermore, improving healthcare facilities, increasing disposable incomes coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
Some key points of SEO
1.1. Market Definition
1.2. Market Ecosystem
1.2.1. Market Classification
1.2.2. Geographic Scope
1.2.3. Years Considered for the Study
188.8.131.52. Historical Years – 2016 & 2017
184.108.40.206. Base Year – 2018
220.127.116.11. Forecasted Years – 2019 to 2030
1.3. Currency Used for the Study
1.4. Report Beneficiary List
2. RESEARCH METHODOLOGY
2.1. Research Framework
2.2. Data Collection Technique
2.3. Data Sources
2.3.1. Secondary Sources
2.3.2. Primary Sources
2.4. Market Estimation Methodology
2.4.1. Bottoms Up Approach
2.4.2. Top Down Approach
2.5. Data Validation and Triangulation
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