North America pain management devices market is expected to reach US$ 3,804.26 million by 2027 from US$ 2,031.40 million in 2019. The market is anticipated to grow with a CAGR of 8.3% from 2020 to 2027.
The growth of the North America pain management devices market is estimated to grow owing to the key factors such as growing Incidences of chronic pain and market player initiatives. On the other hand, the market is likely to have negative impact due to high cost of pain management devices, such as its nearly impossible for the middle class to effort pain management devices.
Rising incidence of chronic diseases, such as cardiovascular diseases, cancer, neurovascular diseases, and musculoskeletal diseases, are likely to initiate the growth of pain management devices market. These diseases severely affect a person's health by lowering immunity. They may cause chronic pain. The diseases mentioned above most commonly occur in adults and the geriatric population. For instance, according to the Centers for Disease Control and Prevention (CDC) data of October 2019, in the US, 6 in 10 adults live with at least one chronic disease. In addition, 4 in 10 adults in the US live with two types of chronic disease. Additionally, as per the CDC National Center for Health Statistics 2017 report, from 1999 to 2016, more than 630,000 deaths in the US occurred due to drug overdoses—most of these deaths were due to opioids prescribed for pain. From 1999 to 2010, drug overdose deaths due to opioid pain relievers increased tremendously, and the period is known as the first wave of the opioid epidemic. This has led to increased demand for pain management devices.
Nevertheless, the aforementioned diseases are noticeably increasing among children. Furthermore, the incidence of chronic pain are commonly seen among athletes, sportspersons, and people living with past injuries. The chronic pain incidences increase the dependency of a person on others for various daily tasks. Therefore, pain management is essential to carry out normal daily routine. The pain management devices provide relief for longer durations and also improve their health. A wearable pain management device is easy to use and operate; thus, it reduces the person's dependency on others. Therefore, owing to the advantage of pain management devices, the demand is rising among patients with chronic diseases.
Based on product, the North America pain management devices market is segmented into neuromodulation devices, ablation devices, and analgesic infusion pumps. The neuromodulation devices segment held the largest share of the market in 2019. However, the ablation devices segment is estimated to register the highest CAGR during the forecast period.
In terms of application, the North America pain management devices market is segmented into neuropathic pain, cancer pain, facial pain and migraine, musculoskeletal pain, and others. The neuropathic pain segment held the largest share of the market in 2019. The musculoskeletal pain segment is estimated to register the highest CAGR during the forecast period.
A few major primary and secondary sources referred to while preparing the North America pain management devices market report are World Health Organization and American Health Association, among others.
TABLE OF CONTENTS
1. Introduction 15 1.1 Scope of the Study 15 1.2 Research Report Guidance 15 1.3 Market Segmentation 17 1.3.1 North America Pain Management Devices Market – By Product 20 1.3.2 North America Pain Management Devices Market– By Application 20 1.3.3 North America Pain Management Devices Market – By Country 21 2. North America Pain Management Devices Market – Key Takeaways 22 3. Research Methodology 26 3.1 Coverage 27 3.2 Secondary Research 28 3.3 Primary Research 29 4. North America Pain Management Devices Market Market Landscape 30 4.1 Overview 30 4.2 PEST Analysis 31 4.2.1 North America– PEST Analysis 31 4.3 Expert Opinion 34 5. North America Pain Management Devices Market Key Market Dynamics 35 5.1 Key Market Drivers 35 5.1.1 Growing Incidences of Chronic Pain 35 5.1.2 Market Player Initiatives 36 5.2 Market Restraints 36 5.2.1 High Cost of Pain Management Devices 36 5.3 Opportunities 37 5.3.1 Growth Demand for Neurostimulation Devices 37 5.4 Trends 37 5.4.1 Technological Advancement 37 5.5 Impact Analysis 39 6. Pain Management Devices Market – North America Analysis 40 6.1 North America Pain Management Devices Market Revenue Forecasts and Analysis 40 7. Pain Management Devices Market Analysis – By Product Type 41 7.1 Overview 41 7.2 Pain Management Devices Market Share, by Product Type, 2019 and 2027 (%) 41 7.3 Neuromodulation Devices 42 7.3.1 Overview 42 7.3.2 Neuromodulation Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 42 7.3.3 Transcutaneous Electrical Nerve Stimulation (TENS) Devices 44 7.3.3.1 Overview 44 7.3.3.2 Transcutaneous Electrical Nerve Stimulation (TENS) Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 44 7.3.4 Spinal Cord Stimulation (SCS) Devices 46 7.3.4.1 Overview 46 7.3.4.2 Spinal Cord Stimulation (SCS) Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 46 7.4 Ablation Devices 48 7.4.1 Overview 48 7.4.2 Ablation Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 48 7.4.3 Radiofrequency Ablation Devices 49 7.4.3.1 Overview 49 7.4.3.2 Radiofrequency Ablation Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 49 7.4.4 Cryoablation Devices 50 7.4.4.1 Overview 50 7.4.4.2 Cryoablation Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 50 7.5 Analgesic Infusion Pumps 51 7.5.1 Overview 51 7.5.2 Analgesic Infusion Pumps: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 51 7.5.3 Intrathecal Infusion Pumps 52 7.5.3.1 Overview 52 7.5.3.2 Intrathecal Infusion Pumps: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 52 7.5.4 External Infusion Pumps 54 7.5.4.1 Overview 54 7.5.4.2 External Infusion Pumps: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 54 8. Pain Management Devices Market Analysis – By Application 55 8.1 Overview 55 8.2 Pain Management Devices Market Share, by Application, 2019 and 2027 (%) 55 8.3 Neuropathic Pain 56 8.3.1 Overview 56 8.3.2 Neuropathic Pain: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 56 8.4 Facial Pain and Migraine 58 8.4.1 Overview 58 8.4.2 Facial Pain and Migraine: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 58 8.5 Musculoskeletal Pain 59 8.5.1 Overview 59 8.5.2 Musculoskeletal Pain: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 59 8.6 Cancer Pain 61 8.6.1 Overview 61 8.6.2 Cancer Pain: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 61 8.7 Others 62 8.7.1 Overview 62 8.7.2 Others: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 62 9. Pain Management Devices Market – Geographic Analysis 63 9.1 North America: Pain Management Devices Market 63 9.1.1 Overview 63 9.1.2 North America: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 65 9.1.3 North America: Pain Management Devices Market, by Product Type, 2018–2027 (USD Million) 66 9.1.3.1 North America: Neuromodulation Devices, Market, by Type, 2018–2027 (USD Million) 66 9.1.3.2 North America: Ablation Devices Market, by Type, 2018–2027 (USD Million) 67 9.1.3.3 North America: Analgesic Infusion Pumps Market, by Type, 2018–2027 (USD Million) 68 9.1.4 North America: Pain Management Devices Market, by Application, 2018–2027 (USD Million) 68 9.1.5 North America: Pain Management Devices Market, by Country, 2019 & 2027 (%) 69 9.1.5.1 US: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 70 9.1.5.1.1 US: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 71 9.1.5.1.2 US: Pain Management Devices Market, by Product Type, 2018–2027 (USD Million) 72 9.1.5.1.2.1 US: Neuromodulation Devices, Market, by Type, 2018–2027 (USD Million) 72 9.1.5.1.2.2 US: Ablation Devices Market, by Type, 2018–2027 (USD Million) 73 9.1.5.1.2.3 US: Analgesic Infusion Pumps Market, by Type, 2018–2027 (USD Million) 74 9.1.5.1.3 US: Pain Management Devices Market, by Application, 2018–2027 (USD Million) 74 9.1.5.2 Canada: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 76 9.1.5.2.1 Canada: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 77 9.1.5.2.2 Canada: Pain Management Devices Market, by Product Type, 2018–2027 (USD Million) 78 9.1.5.2.2.1 Canada: Neuromodulation Devices, Market, by Type, 2018–2027 (USD Million) 78 9.1.5.2.2.2 Canada: Ablation Devices Market, by Type, 2018–2027 (USD Million) 79 9.1.5.2.2.3 Canada: Analgesic Infusion Pumps Market, by Type, 2018–2027 (USD Million) 80 9.1.5.2.3 Canada: Pain Management Devices Market, by Application, 2018–2027 (USD Million) 80 9.1.5.3 Mexico: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 82 9.1.5.3.1 Mexico: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 82 9.1.5.3.2 Mexico: Pain Management Devices Market, by Product Type, 2018–2027 (USD Million) 83 9.1.5.3.2.1 Mexico: Neuromodulation Devices, Market, by Type, 2018–2027 (USD Million) 84 9.1.5.3.2.2 Mexico: Ablation Devices Market, by Type, 2018–2027 (USD Million) 85 9.1.5.3.2.3 Mexico: Analgesic Infusion Pumps Market, by Type, 2018–2027 (USD Million) 85 9.1.5.3.3 Mexico: Pain Management Devices Market, by Application, 2018–2027 (USD Million) 86 10. Impact of COVID-19 Pandemic on Global Pain Management Devices Market 87 10.1 North America: Impact Assessment of COVID-19 Pandemic 87 11. Company Profiles 89 11.1 BD 89 11.1.1 Key Facts 89 11.1.2 Business Description 89 11.1.3 Products and Services 90 11.1.4 Financial Overview 91 11.1.5 SWOT Analysis 93 11.1.6 Key Developments 95 11.2 Medtronic 96 11.2.1 Key Facts 96 11.2.2 Business Description 96 11.2.3 Products and Services 97 11.2.4 Financial Overview 97 11.2.5 SWOT Analysis 99 11.2.6 Key Developments 101 11.3 Boston Scientific Corporation 102 11.3.1 Key Facts 102 11.3.2 Business Description 102 11.3.3 Products and Services 103 11.3.4 Financial Overview 104 11.3.5 SWOT Analysis 106 11.3.6 Key Developments 107 11.4 Abbott 108 11.4.1 Key Facts 108 11.4.2 Business Description 108 11.4.3 Products and Services 109 11.4.4 Financial Overview 109 11.4.5 SWOT Analysis 111 11.4.6 Key Developments 113 11.5 Pfizer Inc. 114 11.5.1 Key Facts 114 11.5.2 Business Description 114 11.5.3 Products and Services 115 11.5.4 Financial Overview 115 11.5.5 SWOT Analysis 117 11.5.6 Key Developments 119 12. Appendix 120 12.1 About the Insight Partners 120 12.2 Glossary of Terms 120
LIST OF TABLES
Table 1. North America Pain Management Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 66 Table 2. North America Neuromodulation Devices Market, by Type– Revenue and Forecast to 2027 (USD Million) 66 Table 3. North America Ablation Devices Market, by Type – Revenue and Forecast to 2027 (USD Million) 67 Table 4. North America Analgesic Infusion Pumps Market, by Type – Revenue and Forecast to 2027 (USD Million) 68 Table 5. North America Pain Management Devices Market, by Application– Revenue and Forecast to 2027 (USD Million) 68 Table 6. Estimated Number of New Cancer Cases and Deaths, US, 2020 70 Table 7. US Pain Management Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 72 Table 8. US Neuromodulation Devices Market, by Type– Revenue and Forecast to 2027 (USD Million) 72 Table 9. US Ablation Devices Market, by Type – Revenue and Forecast to 2027 (USD Million) 73 Table 10. US Analgesic Infusion Pumps Market, by Type – Revenue and Forecast to 2027 (USD Million) 74 Table 11. US Pain Management Devices Market, by Application– Revenue and Forecast to 2027 (USD Million) 74 Table 12. Canada Pain Management Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 78 Table 13. Canada Neuromodulation Devices Market, by Type– Revenue and Forecast to 2027 (USD Million) 78 Table 14. Canada Ablation Devices Market, by Type – Revenue and Forecast to 2027 (USD Million) 79 Table 15. Canada Analgesic Infusion Pumps Market, by Type – Revenue and Forecast to 2027 (USD Million) 80 Table 16. Canada Pain Management Devices Market, by Application– Revenue and Forecast to 2027 (USD Million) 80 Table 17. Mexico Pain Management Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million) 83 Table 18. Mexico Neuromodulation Devices Market, by Type– Revenue and Forecast to 2027 (USD Million) 84 Table 19. Mexico Ablation Devices Market, by Type – Revenue and Forecast to 2027 (USD Million) 85 Table 20. Mexico Analgesic Infusion Pumps Market, by Type – Revenue and Forecast to 2027 (USD Million) 85 Table 21. Mexico Pain Management Devices Market, by Application– Revenue and Forecast to 2027 (USD Million) 86 Table 22. Glossary of Terms, North America Pain Management Devices Market 120
LIST OF FIGURES
Figure 1. Pain Management Devices Market Segmentation 17 Figure 2. Pain Management Devices Market, By Country 18 Figure 3. North America Pain Management Devices Market Overview 22 Figure 4. Injectable Drug Delivery Segment Held Largest Share of Product Segment in Pain Management Devices Market 23 Figure 5. US Is Expected to Show Remarkable Growth During the Forecast Period 24 Figure 6. North America Pain Management Devices Market- Leading Country Markets (US$ Mn) 25 Figure 8. North America PEST Analysis 31 Figure 9. Pain Management Devices Market Impact Analysis of Drivers and Restraints 39 Figure 10. North America Pain Management Devices Market – Revenue Forecasts and Analysis – 2019- 2027 40 Figure 11. Pain Management Devices Market Share, by Product Type, 2019 and 2027 (%) 41 Figure 12. Neuromodulation Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 43 Figure 13. Transcutaneous Electrical Nerve Stimulation (TENS) Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 45 Figure 14. Spinal Cord Stimulation (SCS) Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 47 Figure 15. Ablation Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 48 Figure 16. Radiofrequency Ablation Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 49 Figure 17. Cryoablation Devices: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 50 Figure 18. Analgesic Infusion Pumps: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 51 Figure 19. Intrathecal Infusion Pumps: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 53 Figure 20. External Infusion Pumps: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 54 Figure 21. Pain Management Devices Market Share, by Application, 2019 and 2027 (%) 55 Figure 22. Neuropathic Pain: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 57 Figure 23. Facial Pain and Migraine: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 58 Figure 24. Musculoskeletal Pain: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 60 Figure 25. Cancer Pain: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 61 Figure 26. Others: Pain Management Devices Market– Revenue and Forecast to 2027 (US$ Million) 62 Figure 27. North America: Pain Management Devices Market, by Key Country – Revenue (2019) (USD Million) 64 Figure 28. North America Pain Management Devices Market Revenue and Forecast to 2027 (USD Million) 65 Figure 29. North America: Pain Management Devices Market, by Country, 2019 & 2027 (%) 69 Figure 30. US: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 71 Figure 31. Canada: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 77 Figure 32. Mexico: Pain Management Devices Market – Revenue and Forecast to 2027 (USD Million) 83 Figure 33. Impact of COVID-19 Pandemic in North American Country Markets 88
Company Profiles
- Pfizer Inc
- Abbott
- Boston Scientific Corporation
- Medtronic
- BD