The Pain Management Market is segmented by Drugs (Drugs, Opioids [Non-narcotic Analgesics, NSAIDS, Anesthetics, Anticonvulsants, Anti-depressants, Others), Devices (Neurostimulation Devices [Transcutaneous Electrical Nerve Stimulation (TENS) Devices, Brain and Spinal Cord Stimulation (SCS) Devices], Analgesic Infusion Pumps [Intrathecal Infusion Pumps, External Infusion Pumps]), Application (Neuropathic Pain, Cancer Pain, Facial Pain and Migraine, Musculoskeletal Pain, Others) and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

Market Dynamics

The growth of the pain management market is primarily driven by increasing incidences of chronic illness including diabetic neuropathy, cancer, and osteoarthritis among others. Expanding the geriatric populace across geographies is another key factor that is likely to propel market growth during the review period. The rising number of surgical procedures due to increased accidental injuries is propelling the market growth substantially. In addition to this, increasing investment in research and development activities to develop novel drugs is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Regional Analysis

The market in North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to expanding geriatric populace and the presence of key market players such as Pfizer, Johnson & Johnson, and Company (US) and Abbott Laboratories (US). The market in Asia-Pacific is expected to be driven by rising incidences of chronic wounds coupled with increased spending on healthcare.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

  • Overview, industry life cycle analysis, supply chain analysis.
  • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Trend and forecast analysis.
  • Segment trends and forecast.
  • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

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