Pain is an overall condition of sensory discomfort owing to some tissue damage. It could be classified as acute pain and chronic. Pain has always been one of the major reasons for patients seeking medical help. Every year about half a million people succumb to death owing to chronic pain. Certain analgesics are used as primary pain relievers in which they decrease the sodium and potassium levels in the neurons thus reducing the transmit of pain. Most common methods of pharmaceuticals treatment are administration of local anesthetics and anticonvulsants. Several methods like electrotherapy devices, physiotherapy, ultrasound, water therapy devices, topical analgesics, pressure preventers and ED equipment come under the pain management devices segment. The current dominant segment in this market is the well stabilized pharmaceuticals sector. Whereas the pain management drugs devices are still in the introduction stage. The major reasons for this dominion of pharmaceutical drugs are its convenience and relatively competent pricing.
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With growing preference to painless treatment owing to the changing lifestyles, pain management market has gained the status of potential growth in the future. Growing number of chronic diseased like cancer and various forms of lingering injuries, the market of pain management will see high growth. Also with the advent of neurotechnology, the pain management drugs and devices market had experienced huge extent of transformation. Usage of opioids may result into habitual intake and also and also increase the risk of misuse; thus medical industry today, is searching for newer measures of pain management which are safe and non – addictive.However pricing, convenience and awareness amongst the people are the major holdbacks of this market.
Some of the key players in the global pain management drugs and devices market are Amgen, Novartis, Abbott, Roche, Pfizer, Wyeth, Johnson & Johnson, and Astellas.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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