Artificial Intelligence
Pain Management Market Size Will Achieve USD 83,348 Million by 2030 growing at 6.5% CAGR – Exclusive Report by Acumen Research and Consulting
LOS ANGELIS, Aug. 30, 2022 (GLOBE NEWSWIRE) — LOS ANGELIS, August 30, 2022 (GLOBE NEWSWIRE) – The Global Pain Management Market is anticipated to grow at a CAGR of around 6.5% during the forecast period 2022 to 2030 and to reach around USD 83,348 Million by 2030.
Pain Management Market Report Key Highlights
• Global pain management market size was USD 48,518 million in 2021 and expected to grow at CAGR of 6.5% from 2022 to 2030
• North America pain management market is expected to lead with more than 40% market share
• According to the CDC, over 24% of U.S. adults were suffering from arthritis in 2020
• Asia-Pacific pain management market is expected to grow at fastest CAGR during the forecast period from 2022 to 2030
• Among applications, neuropathic pain occupied more than 31% of the total market share
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Report Coverage:
| Market | Pain Management Market | |
| Pain Management Market Size 2021 | USD 48,518 Million | |
| Pain Management Market Forecast 2030 | USD 83,348 Million | |
| Pain Management Market CAGR During 2022 – 2030 | 6.5% | |
| Pain Management Market Analysis Period | 2018 – 2030 | |
| Pain Management Market Base Year | 2021 | |
| Pain Management Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Mode of Pain Management, By Application and By Geography | |
| Electric Bed Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | Abbott Laboratories, AstraZeneca PLC, Baxter International Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Fresenius SE & Co. KGaA, GlaxoSmithKline PLC, Johnson & Johnson, Medtronic PLC, Novartis International AG, and Pfizer Inc. | |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis | |
Gradual increase in the number of patients suffering from cancer, diabetes, etc. is resulting in demand for pain management. The government approach towards enhancing patient care along with the inclination towards strengthening the present infrastructure in order to receive better home care are factors expected to impact pain management market share.
Major players are investing high in R&D activities along with a focus on the introduction of innovative solutions in order to increase the revenue share is expected to augment the growth of the pain management industry. In addition, increasing merger and acquisition activities by major players in order to enhance the product portfolio and increase the customer base is expected to boost regional market growth.
COVID-19 Impact on the Global Pain Management Market Revenue
The COVID-19 outbreak is projected to have an initial impact on the pain management pharmaceuticals market during the projection period. Because of safety restrictions enacted by governments in response to the COVID-19 pandemic, many clinics and pain treatments are no longer open for public use. The non-urgent nature of the majority of chronic pain management harmed patients’ psychological well-being during the pandemic. Patients with acute pain went neglected during the COVID-19 epidemic because they avoided hospital appointments for fear of infection. On the other hand, the pandemic’s social isolation resulted in passive coping techniques, which led to despair and anxiety. As a result, the COVID-19 pandemic is projected to have an influence on the worldwide pain treatment industry, both directly and indirectly.
Pain Management Market Dynamics
Players are focused on enhancing their business presence in developing countries owing to rising competition and untapped markets which are two key pain management trends strengthening the industry growth. With an increasing number of patients suffering from chronic cancer, diabetes, etc., governments focus on providing advanced care facilities, and the introduction of smart devices from major players are major factors expected to drive the growth of the global pain management market value. In addition, the surge in demand for pain management device from hospitals in order to treat elderly patients suffering from migraine and musculoskeletal disorders are expected to positively impact the revenue pain management market growth.
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However, factors such as the high cost of devices and stringent government regulations related to product approval are expected to hamper the growth of the global pain management market. In addition, the lack of advanced infrastructure in developing countries for the adoption of advanced devices is expected to challenge the global pain market revenue.
Pain Management Market Segmentation
The pain management market is segmented based on the mode of pain management, application, and region.
The mode of pain management segment is divided into drugs (opioids and non-narcotics analgesics) and devices (neurostimulation devices and analgesic infusion pumps). According to our pain management industry analysis, the drugs segment will account for a significant revenue share due to increased investment in drug discovery and the release of novel therapies.
The applications are classified as neuropathic pain, cancer pain, face discomfort and migraine, musculoskeletal pain, and others. According to our pain management market forecast, neuropathic pain will account for a considerable revenue share due to the integration of artificial intelligence AI in healthcare and the development of revolutionary technologies by prominent players.
Pain Management Market Regional Outlook
North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa are the regional categorizations of the pain management market industry.
The market in North America is expected to account for a significant revenue share in the global pain management market due to the increasing number of patients suffering from chronic pain. According to the U.S. Department of Health & Human Services in 2016, an estimated 20.4% of U.S. adults (50.0 million) had chronic pain and 8.0% of U.S. adults (19.6 million) had high-impact chronic pain.
The market in the Asia-Pacific is expected to account for a significant revenue share in the target market due to the developing regulatory scenario and high government spending on the development of the healthcare sector. In addition, rising government initiatives in order to increase the awareness among patients related to pain management and collaborative work for R&D activities are factors expected to support the growth of the target market.
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Pain Management Market Players
Some of the leading pain management companies are Abbott Laboratories, AstraZeneca PLC, Baxter International Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Fresenius SE & Co. KGaA, GlaxoSmithKline PLC, Johnson & Johnson, Medtronic PLC, Novartis International AG, and Pfizer Inc. The market is highly competitive due to the presence of a large number of players operating on a global level.
Business development activities by major players in order to strengthen their position in the target market are expected to augment the growth of the target market.
• In 2019, NeuroPace, Inc. launched the Senza® Omnia™ Spinal Cord Stimulation System in the US for the treatment of chronic pain. This is expected to help the company to enhance its product portfolio and enhance its profit ratio.
• In 2018, NeuroPace launched the RNS system for the treatment of refractory epilepsy. This is expected to help the company to enhance its customer base.
• In 2019, Boston Scientific Corp. launched Spectra WaveWriter™ Spinal Cord Stimulator System for the treatment of chronic pain and simultaneously combining paresthesia-based and sub-perception therapy in Europe. This is expected to help the company to strengthen its position in Europe.
• In 2018, Abbott a multinational medical devices and health care company signed an agreement with the National Institutes of Health (NIH), US in order to provide neuromodulation technologies, including directional DBS, SCS, and DRG therapy, for NIH research and further explore the applications.
Questions Answered By This Report
- What was the market size of Pain Management Market in 2021?
- What will be the CAGR of Pain Management Market during the forecast period from 2022 to 2030?
- Who are the major players in Global Pain Management Market?
- Which region held the largest share in Pain Management Market in 2021?
- What are the key market drivers of Pain Management Market?
- Who is the largest end user Pain Management Market?
- What will be the Pain Management Market value in 2030?
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Artificial Intelligence
Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
Request Sample of the Report on Military Cybersecurity Market Forecast 2033
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(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage
Details
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A323349
Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.
The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com
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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.
Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com
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