The global pain management devices market, which was valued at USD $2 billion in 2011, is expected to grow to reach a market of USD $5 billion by 2018, according to a report by Transparency Market Research.
Other findings from the report include:
• Geographically, the North American region constituted the largest market in 2011; however, Asia is predicted to foresee the highest growth rate from 2012 to 2018 at 21.7 percent.
• The market for electrical stimulators was valued to be USD $208.7 million in 2011 and is expected to grow at a compound annual growth rate of 8.2 percent from 2012 to 2018.
• The neurostimulation devices market is slated to grow at a compound annual growth rate of 15.2 percent from 2012 to 2018.
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Other findings from the report include:
• Geographically, the North American region constituted the largest market in 2011; however, Asia is predicted to foresee the highest growth rate from 2012 to 2018 at 21.7 percent.
• The market for electrical stimulators was valued to be USD $208.7 million in 2011 and is expected to grow at a compound annual growth rate of 8.2 percent from 2012 to 2018.
• The neurostimulation devices market is slated to grow at a compound annual growth rate of 15.2 percent from 2012 to 2018.
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