Pain is an unpleasant sensation caused by injury and illness. The treatment of pain is led by the history of its origin, such as the duration, aggravating, intensity, and relieving conditions. In order to diagnose the cause of pain, pain monitoring devices are used. Pain monitoring devices comprise of a non-invasive finger probe which continuously records the multiple pain-related physiological signals. Pain monitoring devices have become a method of choice because of its high efficacy, safety and, ease of use. Pain monitoring devices are increasingly used for the treatment of many diseases such as cancer and cardiac arrhythmia.
Pain Monitoring Devices Market: Drivers and Restraints
The increasing pool of patients suffering from chronic medical conditions such as cancer, diabetes, obesity, and spinal problems, have resulted in an increase in the incidence of chronic pain in individuals. This is in turn will increase the global pain monitoring devices market over the forecast period. Studies show that over 20% of the adult population across the globe suffers from chronic pain. In addition, the growing geriatric population will further boost the adoption of pain monitoring devices and will lead to an increase in the global pain monitoring devices market. However, dearth of skilled pain specialists will hamper the growth of the global pain monitoring devices market. The awareness levels regarding the availability and use of pain monitoring devices in the developing regions is typically low. Hence, the low adoption of pain monitoring devices in the developing regions will hamper the growth of the global pain monitoring devices market.
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Pain Monitoring Devices Market: Regional Outlook
Geographically, global pain monitoring devices Market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to dominate global pain monitoring devices market over the forecast period due to the increasing incidence of sports-related injuries and presence of advanced healthcare infrastructure in the region. Western Europe is expected to be the second largest market for pain monitoring devices. Asia Pacific is estimated to be the most promising region, owing to the mounting cases of diabetes and chronic wounds.
Pain Monitoring Devices Market: Key Players
Some of the players identified in global pain monitoring devices market include Medasense Biometrics Ltd., Delta Medical International Ltd, AngioDynamics, Medtronic, Stryker Corporation, St. Jude Medical, Inc., and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Tentatively, global pain monitoring devices market has been segmented on the basis of product type, application type end user, and geography.
Based on product type, global pain monitoring devices market is segmented as below:
- Transcutaneous electrical nerve stimulation (TENS)
- Radiofrequency ablation device
- Analgesic infusion pumps
- Neurostimulators
Based on application, global pain monitoring devices market is segmented as below:
- Cancer pain
- Neuropathic pain
- Facial & Migraine pain
- Musculoskeletal pain
- Others
Based on end user, global pain monitoring devices market is segmented as below:
- Hospitals
- Ambulatory surgical centers
- Specialty clinics
- Physiotherapy centers
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance