World News: 15:44 GMT Friday 12th July 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, July 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The global pain management devices market size is expected to reach USD 14.55 billion by 2026 registering a CAGR of 13.8%Rising prevalence of diabetes coupled with increasing geriatric population base across the globe is the major factor augmenting the growth of this market. Preference for pain management devices over oral drugs and surgical interventions is also likely to be a high impact rendering driver for the market growth over the forecast period. The global market is expected to witness exuberant growth as a result of various technological advancements in this field.These advancements include the advent of products, such as electrode-based wearable automatic transcutaneous electrical nerve stimulator devices, which provide peripheral pain management in a 60-minute run cycle. North America was the largest regional market in 2018 and held around half of the global revenue share owing to the increased number of people affiliated with pain requiring management devices. The region is expected to maintain its dominance throughout the forecast years on account of presence of sophisticated healthcare infrastructure and rising adoption of pain management equipment by healthcare professionals and patients over conventional treatment therapies.
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Related Topics: Medical Devices, Analgesics, Palliative Care
Globe Newswire: 15:44 GMT Friday 12th July 2019
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