Latin America Pain Management Devices Market Size, Share, Growth 2023-2028

El nuevo estudio de Informes de Expertos titulado ‘Mercado Latinoamericano de Dispositivos para el Manejo del Dolor, Informe y Pronóstico 2023-2028′, ofrece un análisis profundo del mercado, evaluándolo por tipo, modo de compra, aplicación, y las regiones clave. El informe analiza los factores clave de éxito y las limitaciones, también rastrea las últimas tendencias en la industria y estudia su impacto en el mercado en general. Además, evalúa la dinámica del mercado, cubriendo los indicadores clave de demanda y precio, junto con el análisis del mercado basado en los modelos FODA y las Cinco Fuerzas de Porter.

The new report by Informes de Expertos titled, ‘Latin America Pain Management Devices Market 2023-2028’, gives an in-depth analysis of the market, assessing it based on type, mode of purchase, application, and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2028)

  • Forecast CAGR (2023-2028): X%

The expansion of the market for pain management devices can be attributed to the increasing prevalence of neurological diseases, trauma, cancer, and arthritis among people. Moreover, the prevalence of musculoskeletal conditions like arthritis, osteoarthritis, orthopaedic degenerative illnesses, and rheumatoid arthritis is rising sharply, along with the increasing cases of sports-related injuries and lifestyle-related illnesses. This has increased the prevalence of chronic pain and their inability to do daily chores among people, consequently causing an upsurge in the demands for pain devices. This is likely to bolster the market potential in the coming years.

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Moreover, patients are increasingly looking for alternative treatment choices, such as pain management devices, due to the inefficiency of oral medications. Many people are dependent on painkillers, although they frequently have negative side effects and are useless. Another element driving up demand is people’s disinterest in having surgeries. The size of the market for pain management devices is growing significantly as a result of technological improvements in medical technology. Manufacturers are constantly working to create cutting-edge pain-management tools that can significantly enhance patients’ quality of life.

Industry Definition and Major Segments

Pain management devices are medical devices used to treat many types of pain, including cancer pain, musculoskeletal pain, and neuropathic pain. These tools help people with these disorders live better lives by restoring their capacity to perform daily tasks, reducing their need to take oral painkillers, and improving their quality of life. The various types of pain management equipment on the market include spinal cord stimulators, transcutaneous electrical nerve stimulation devices, analgesic infusion pumps, and ablation devices.

By type, the market is segmented into:

  • Neurostimulation Devices
    • Transcutaneous Electrical Nerve Stimulation (TENS) Devices
    • Spinal Cord Stimulation (SCS) Devices
  • Ablation Devices
    • RF Ablation Device
    • Cryoablation Devices
  • Analgesic Infusion Pumps
    • Internal
    • External

Based on mode of purchase, the industry is divided into:

  • OTC
  • Prescription-Based

By application, the market is categorized into:

  • Neuropathic Pain
  • Cancer Pain
  • Facial Pain and Migraine
  • Musculoskeletal Pain
  • Others

Key regions covered include:

  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Others

Market Trends

Pain management devices are witnessing rapid demand in Latin America. With the growth in ageing population, there has been an increase in the use of pain management devices recently. The market for radiofrequency ablation devices is anticipated to expand quickly throughout the projected period. The prevalence of cardiovascular conditions like atrial fibrillation and the number of patients needing minimally invasive operations due to cancer and pain are projected to propel this market’s growth. Moreover, nowadays, numerous smartphone applications have been developed which make the claim to aid in pain management as these apps can calibrate with pain management devices while assisting in analysing the sleep and activity habits of users and offering individualised insights. The apps will eventually play a significant role in pain management treatments owing to new technologies incorporation like radiofrequency (RF) and virtual reality (VR). This will have a positive impact on the target market growth over the forecast period.

Key Market Players

The major players in the market are:

  • Abbott Laboratories
  • Becton, Dickinson and Company
  • Boston Scientific Corporation
  • B. Braun Melsungen AG
  • Johnson & Johnson Services, Inc
  • Medtronic Plc
  • Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us:

Informes de Expertos the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Informes De Expertos
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