The pain management devices market is a rapidly growing sector of the medical device industry. Pain management devices are used to provide relief from chronic and acute pain caused by conditions such as arthritis, cancer, and injuries. These devices offer non-invasive or minimally invasive pain relief options, reducing the need for opioid pain medication and other drugs with potentially harmful side effects.
The market for pain management devices is being driven by several factors, including the increasing prevalence of chronic pain, the growing geriatric population, and the rising demand for effective pain management solutions. Additionally, the increasing adopt the ion of neuromodulation technologies and the development of novel pain management devices are also driving market growth.
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The global “Pain Management Devices Market” size is expected to reach USD 8,046.3 Million by 2026, exhibiting a CAGR of 9.4% during the forecast period, states Fortune Business Insights in a report titled “Pain Management Devices Market, 2023-2026.” The market size stood at USD 3,922.9 Million in 2018.
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