Prevalence of Patient Diseases Expected to boost the Global Pain Management Market
Pain management is a major branch of medical science which includes the role of minimizing or managing the pain of the patients. The global pain management devices market valuation is expected to jump from USD 3.58 billion in 2016 to USD 5.81 billion by 2023 with a calculated CAGR of 7.2% over the forecast period (2017-2023).
Pain management devices market is driven by a number of factors. This includes, the high percentage of patients suffering from different forms of diseases, growing government efforts in increasing the pain rehabilitation centers, and expanding aging population.
Aside from these, the market is also driven by the increasing prevalence of various acute and chronic diseases. However, amidst all the positives, concerns regarding the side-effects of pain management devices and the high-cost of these devices are the major constraints to the market growth.
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