Pain management is a stream of medical sciences that takes an interdisciplinary approach to ease the suffering and improve the quality of life of the patient from pain. The regular pain management team consists of medical practitioners, physiotherapists, clinical psychologists, occupational therapists, nurse practitioners, clinical nurse specialists and physician assistants. Proper co-ordination of the pain management team is required to effectively manage the pain.
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According to Allied Market Research, the global medical devices market is projected to reach $303 billion in revenue, by 2017, growing at a CAGR of 7.1% between 2012 and 2017. Hence, it is expected to grow at an impressive rate. Pain management device reduces the pain of patient considerably; hence, this works as one of the main force for its rising significance.
Looking at growing market for Pain management device market, Google has penetrated into it and is developing contact lenses for people suffering from diabetes. With this contact lens, diabetic patient will not require diabetic patient to prick their fingers to measure glucose level.
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Skin hypersensitivity, skin redness and hyper pigmentation are few common side-effects caused by use of pain management devices. Further, treatment of cancer is also a big challenge that is being posed to Pain management devices. However, massive research and development have been undertaken for the same.
Below is the segmentation of for Pain management device market by Allied Market Research.
KEY MARKETS SEGMENTS
• Electrical Stimulators
• Analgesic Pumps
• Intrathecal pumps
• External pumps
• Radiofrequency Ablation Devices
• Spinal Cord Stimulators (SPS)
• Sacral Nerve Stimulators (SNS)
• Deep Brain Stimulators (DBS)
• Cancer Pain
• Neuropathic Pain
• Facial & Migraine Pain
• Musculoskeletal Pain
• North America
• Rest of the World (RoW)
• Medical devices manufacturing companies
• Academic and research organizations
Some of the key players profiled in this report are Baxter International Inc., Boston Scientific Corporation, DJO Global LLC, Kimberly-Clark Corporation, Smiths Medical, Medtronic, Inc., St. Jude Medical, Inc., Codman And Shurtleff, Inc, Stryker Corporation and Hospira Inc.
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