The Global Pain Management Devices Market will benefit from increasing regulatory approvals for neuromodulation devices in recent years. According to a report published by Fortune Business Insights, titled “Pain Management Devices: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 3,922.9 Mn in 2018. Fortune Business Insights states that the market will reach US$ 8,046.3 Mn by 2026, exhibiting a CAGR of 9.4%.
Recent technological advancements have opened up a huge pain management devices market growth potential. The report encompasses several factors that have contributed to the growth of the global pain management devices market. Besides this, the report includes a few of the factors that have acted as a barrier to market growth and signifies the market strategies adopted by leading companies, specifically aimed at overcoming these barriers.
Some of the Main Key Players Covered in the Report:
- Advanced-Data Systems
- Modernizing Medicine
- OmniMD, RevenueXL Inc.
- Raintree Systems
- Practice Fusion, Inc.
- QSI Management
- Kareo Inc.
- Bizmatics Inc.
- Greenway Health LLC.
- Medsphere Systems Corporation
- Infor-Med Inc.
- CareCloud Corporation
- AllegianceMD Software Inc
By Product Type
- Electrical Stimulation Devices
- RF Ablation Devices
- Neuromodulation Devices
- Infusion Pumps
By End User
- Physiotherapy Centers
- Hospitals and Clinics
- North America
- Asia Pacific
35% Rise in Regulatory Approvals for Pain Management Device Indicates a Huge Potential for Growth in the Foreseeable Future
As the benefits of pain management devices have been unfolded in recent years, there has been an increase in adoption for these devices across the world. Resulting from the increasing demand for pain management devices, there has been a gradual increase in clinical approvals for these devices in recent years.
According to the International Neuromodulation Society, the total number of approvals for neuromodulation devices from the Food and Drug Administration increased by approximately 35% in the past decade. Fortune Business Insights states that the growing usage approvals will favour the growth of the global pain management devices market in the forthcoming years.
Fortune Business Insights profiles a few of the companies that have generated substantial pain management market revenue in recent years. Some of the leading companies that are currently operating in the global pain management market are Medtronic, Boston Scientific Corporation, LivaNova, Abbott, DJO Global LLC, SPR Therapeutics, and Nevro Corp.
Major Table of Content For Pain Management Software Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Pain Management Software Market Analysis, Insights and Forecast
- North America Pain Management Software Market Analysis, Insights and Forecast
- Europe Pain Management Software Market Analysis, Insights and Forecast
- Asia Pacific Pain Management Software Market Analysis, Insights and Forecast
- The Middle East and Africa Pain Management Software Market Analysis, Insights and Forecast
- Latin America Pain Management Software Market Analysis, Insights and Forecast
- Competitive Landscape
- Company Profile
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