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Medtronic of Canada Ltd. has received a license from Health Canada for its Intellis鈩?platform. This includes the world's smallest implantable spinal cord stimulator (SCS) for the management of few types of chronic intractable pain. Given the issues of opioid abuse prevalent in the country, it has become mandatory for Canadians to have access to new non-opioid treatment options. One of these options includes adoption of SCS that provides effective and long-term pain relief while being a treatment option for patients who are interested in trying a non-drug alternative.
To Get Sample Report visit The Global Pain Management Device Market totaled more than USD 3.58 billion in 2016 and is bound to reach USD 5.81 billion by 2023, as per Market Research Future (MRFR) report. The report also mentions that the global market is projected to grow at a healthy CAGR of 7.2 % during the forecast period (2016-2023). Pain-related disability is a significant and costly liability to patients Jamie Benn Jersey , leading to frustration and inability to function in day to day life. Growing geriatric population, increasing prevalence of chronic pain and growth in government initiatives to mitigate the threat of chronic pain have been instrumental in the development of the global market in recent years. Moreover, conventional drug-based therapies generally come with the threat of side effects, hence giving rise to research and development (R&D) efforts. These activities by market players aim to introduce advanced pain management options with higher efficacy and safety, thus giving birth to pain management devices. Furthermore Dallas Stars Jersey , MRFR observes that the healthcare industry has not just managed to elevate its performance quotient but has also come up with adequate relief mechanisms across major hospitals and healthcare centers. A fact that bodes well with the global pain management devices market. Individuals suffering from minor and major diseases or disorders are quick to resort to treatments relieving them of pain or ailments, thus, giving propelling the market growth to a large extent.
Key Players for Global Pain Management Device Market
Market Research Future (MRFR) recognizes the following companies as the key players in Pain Management Device Market: There are plenty of large and small market players which operate in this market all over the globe.
The various key players in the global pain management devices market include Codman and Shurtleff, Inc. (US), Stryker Corporation (US) Sergei Bobrovsky Jersey , Hospira Inc. (US), Smiths Medical (UK), Baxter International Inc. (US), Boston Scientific Corporation (US), Medtronic Plc (US) Artemi Panarin Jersey , St. Jude Medical (US), Bio-Medical Research (BMR) Ltd. (UK), Kimberly-Clark Corporation (US), DJO Global LLC (US), B. Braun Melsungen AG. (Germany) and Pain Management Seth Jones Jersey , Inc (US).
Segments for Global Pain Management Device Market
The segments of the global pain management devices market are type and application.