Global Pain Management Devices Market Size

Pain Management Devices Market Analysis

The Global Pain Management Devices Market size is estimated at USD 10.64 billion in 2024, and is expected to reach USD 16.89 billion by 2029, growing at a CAGR of 9.70% during the forecast period (2024-2029).

COVID-19 pandemic has had a substantial impact on the pain management devices market initially. The lockdown and strict laws imposed by the government impacted the growth of the pain management devices market.Due to some unforeseen reasons, the growth of this market was severely obstructed during the initial COVID-19 phase. However, the market gained traction due to the significant increase in infusion appointments, and ablation procedures which increased the market for pain management devices globally. Also, most of the pain management devices were deemed to be not so urgent, also all the outpatient and interventional procedures were reduced due to the strict lockdown imposed by the government, and thus the pain management device market was greatly impacted.

A significant increase in COVID-19 cases had also indirectly increased the number of patients suffering from pain worlwide. It was reported that pain was the first symptom of COVID-19, including myalgias, back pain, and headache. For instance, Best Practice and Research in Clinical Anaesthesiology, July 2020, reported that the majority of the COVID-19 patients had musculoskeletal, back pain, and headaches as a symptom. In another instance, the journal Scientific Reports, states that post-covid pain scores increased to 6 on a 10 scale as compared to pre-covid which was 5 on a 10. To manage and overcome the pain associated with COVID-19, people were more drifted towards pain management devices rather than medicines due to their less severe effects which subsequently led the healthcare industry to increase the manufacture of the pain management devices, which has driven this market.

The rise in cases of chronic diseases such as cancer and other cardiovascular diseases also boosted these devices to manage pain well, which has driven the pain management devices market. For instance, as per the data published by World Health Organization about 10 million deaths due to cancer were reported in 2020. The incidence of cancer is rising dramatically over the past few years and chronic pain associated as a symptom of this disease is also increasing, which is directly driving the pain management devices market.

One of the pain management device, pain controlled analgesia (PCA) pumps, are used to manage post-operative pain to overcome the pain associated with spine surgeries and some critical joint surgeries. For instance, National Spinal Cord Injury Statistical Center (NSCISC) 2021 datasheet has accounted the annual incidence of spinal cord injuries at 60 cases per million. With the increasing number of these cases, and a number of surgical procedures performed the demand for infusion and PCA pumps has significantly increased and thus has driven the pain management devices market.

Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, still few patients prefer pain management drugs over devices due to a lack of awareness which may cause hindrance to the management devices market. Also, these devices are used for the treatment of second-line of therapy to overcome pain, which is another challenge for this market.