Global Pain Monitoring Device Market

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According to the latest research, the global Pain Monitoring Device market size was valued at USD 14.62 million in 2022 and is expected to expand at a CAGR of 21.22% during the forecast period, reaching USD 46.39 million by 2028.

Pain monitoring devices are devices that quantify a patient's physiological response to pain. Objectively assessing a person's level of pain has long been a challenge. The problem is compounded when patients cannot describe their pain. Pain monitoring devices could help doctors objectively assess a patient's pain in intensive care situations where patients cannot communicate. This enables doctors to ensure pain is being managed properly.

Impacts of Global Inflation on Pain Monitoring Device Industry
Like other manufacturing industries, the pain monitoring device industry has been hit by inflation. The U.S. Bureau of Labor Statistics reported that the producer price index for the medical equipment and supplies manufacturing industry in 2022 was significantly higher than in previous years. The average increase in 2021 will be about 1.2%, while that figure will more than double to 3.4% in 2022. The latest price index for November 2022 hit an all-time high of 4.2% compared to the same period last year. Rising costs for materials such as metals, plastics, and chemicals are driving up production costs. In the past two years, the prices of medical device raw materials have skyrocketed. Many medical device companies are dealing with shortages of semiconductors and other critical components. The medical industry has been facing significant increases in shipping costs and longer and more unpredictable delivery times. The growth over the past two years was due to the impact of the COVID-19 pandemic and the war between Russia and Ukraine. This trend is expected to continue in 2023, as the medical device industry does not yet have a very clear path to address these issues.

Pain-monitoring device companies have yet to pass on the extra costs to hospitals. Many medical companies have suffered significant revenue losses during the pandemic because they were unwilling to raise prices and risk losing shares to competitors. Some companies may not be able to pass on prices to customers due to previous contracts. Additionally, pain monitoring device companies have noticed potential supply shortages and inflation risks, so they are proactively re-evaluating suppliers and pre-ordering their most critical supplies. Large purchase deals have pushed down average selling prices in recent months. Brands that keep prices the same will suffer further profit erosion as costs remain high.

It is expected that the continuous updating and transformation of product advantages of pain monitoring device companies create opportunities to increase company markups and profits, releasing inflationary pressure. During a recession, some companies may want to cut R&D budgets; however, this delays the development cycle of devices and further affects future profitability.

More and more surgical procedures are performed
An increase in the number of surgical procedures across the globe is a significant driver for the pain monitoring devices market. The rising prevalence of chronic diseases such as cancer and neurological disorders has led to an increase in the need for surgical intervention, which in turn boosts the demand for pain monitoring devices.
In surgery, anesthesia is a medical treatment that blocks the patient's perception of pain. Anesthesia is divided into general anesthesia, local anesthesia, and regional anesthesia. Among them, general anesthesia refers to the temporary depression of the central nervous system caused by anesthetics. The clinical manifestations are loss of consciousness, available analgesia, amnesia, reflex inhibition, and skeletal muscle relaxation. General anesthesia includes sedation (loss of consciousness), analgesia (inhibition and reduction of pain response), and immobilization (muscle relaxation), so the depth of anesthesia reflects the comprehensive state of sedation, analgesia, and immobilization. During general anesthesia, the patient loses consciousness and cannot subjectively express the analgesic effect, but the pain response to noxious stimuli always exists. Therefore, the level of pain response in patients can be objectively monitored and quantified by pain monitoring devices, which can be used to evaluate the effect of pain medication, enabling clinicians to personalize pain management, optimize treatment and avoid over-medication.

Pain monitoring is critical for patients
Pain is one of the most common clinical symptoms and diseases, and it is the fifth vital sign after breathing, pulse, blood pressure, and body temperature. The International Society for the Study of Pain (IASP) defines pain as "an unpleasant sensory and emotional experience associated with tissue damage". According to the duration of pain, it can be divided into acute pain and chronic pain. Acute pain mainly includes postoperative pain, labor pain, and some cancer pain. Pain can cause body movement, increased heart rate, increased blood pressure, etc. in patients, and even the risk of cardiovascular and cerebrovascular accidents. Therefore, effective and reliable pain monitoring methods are very important for patients. This is expected to boost the market for pain monitoring devices.

Region Overview:
Europe had the highest growth rate of all regions.

Company Overview:
Medasense Biometrics is one of the major players operating in the Pain Monitoring Device market, holding a share of 46.62% in 2023.

Medasense Biometrics is a medical device company that develops, PMD-200, a continuous and non-invasive pain-monitoring device. Its initial application will focus on the operating room, followed by the intensive care unit, and then within clinics and the home care environment to treat chronic pain patients.

Mdoloris Medical Systems offers devices that help patients under general anesthesia or unconsciousness communicate their distress, help clinicians titrate analgesics to manage surgical stress, and improve OR and ICU outcomes.

Segmentation Overview:
Among different product types, Hospitals segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Operating Room segment occupied the biggest share from 2018 to 2022.

This report elaborates on the market size, market characteristics, and market growth of the Pain Monitoring Device industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Pain Monitoring Device. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.

Key Points this Global Pain Monitoring Device Market Report Include:
Market Size Estimates: Pain Monitoring Device market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Pain Monitoring Device market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Pain Monitoring Device market
Segment Market Analysis: Pain Monitoring Device market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Pain Monitoring Device market situations and prospects in major and top regions and countries
Pain Monitoring Device Market

Competitive Landscape

and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.
Pain Monitoring Device Industry Chain: Pain Monitoring Device market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Pain Monitoring Device Industry News, Policies by regions
Pain Monitoring Device Industry Porters Five Forces Analysis

Key players in the global Pain Monitoring Device market are covered in Chapter 2:
Mdoloris Medical Systems
Medasense Biometrics
PaMeLa
Jiangsu Apon Medical

In Chapter 6 and Chapter 9, on the basis of types, the Pain Monitoring Device market from 2018 to 2028 is primarily split into:
Hospitals
Clinics
Others

In Chapter 7 and Chapter 10, on the basis of applications, the Pain Monitoring Device market from 2018 to 2028 covers:
Operating Room
Critical Care
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.

Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:

Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Pain Monitoring Device market size in terms of revenue, sales volume, and average price.

Chapter 2 analyzes the main companies in the Pain Monitoring Device industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.

Chapter 3 is an analysis of the competitive environment of Pain Monitoring Device market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.

Chapter 4 is an analysis of the Pain Monitoring Device industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.

Chapter 5 focuses on Pain Monitoring Device market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.

Chapters 6-8 have segmented the Pain Monitoring Device market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.

Chapters 9-11 provide detailed Pain Monitoring Device market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.

Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.