Pain is a type of unpleasant physical sensation caused by illness or injury. The pain management industry is largely categorized into, physical and medicinal treatment. The pain arising from the cancer therapies and trauma injuries have increased the demand for effective pain management. Increased focus of manufactures on ambulatory pain management solution, commercialization pain management drugs with minimal side effects and reformed reimbursement policies are the factors shaping the growth prospect of pain therapeutics solutions market, globally.
Pain Therapeutic Solutions Market: Drivers and Restraints
Factors such as rising geriatric populations, increased focus on palliative care treatment, supportive regulations and reimbursement for pain management treatment, growing healthcare expenditures and increasing prevalence of cancer patients which led to cancer pain are driving the growth of pain therapeutics solutions market. Moreover, the continuous focus of pharmaceutical and medical devices manufacturing companies to commercialize more cost effective products and increasing cases of trauma and accidental injuries is boosting the market growth. However, chronic side effects, limited availability, lack of awareness for advanced pain medication and higher probabilities of addiction from pain medicines would impede the growth of pain therapeutics market.
Pain Therapeutic Solutions Market: Segmentation
The global pain therapeutic solutions market is segmented based on, devices, drugs, disease conditions, and, end users.
Based on Devices, the global pain therapeutic solutions market is segmented into the following:
Electrical Stimulation Devices (ESDs)
Radiofrequency (RF) Ablation Devices
Analgesic Infusion Pumps
Neurostimulation Devices
Spinal Cord Stimulators
Based on Drugs, the global pain therapeutic solutions market is segmented into the following:...