Rapid technological advancements and innovative tools devised every other day have shifted the gear of medicine and healthcare to a fast lane. From mind-reading exoskeletons to digital tattoos to 3D printed drugs to RFID implants for recreational purposes, breakthrough innovations in medicine are augmenting healthcare. While technology is penetrating and redefining every pathological process, its impact on pain medicine stands poignant and impressive. Wrapping itself around the notions of traditional healthcare processes, technological innovations are augmenting the growth of the pain management market and is expected to exhibit a CAGR of 9.4 percent by 2026.
Currently, physicians are replacing expensive and painful pumps that allowed a patient to increase or decrease their pain medication with surgical implants. Surgical implants are cost-effective and covered by insurers as it does not involve any expensive refills. Also, taking an alternative route to prescriptive medicines for curing pain, physicians today are considering holistic healing and treatment options to cure pain. The physicians are urging patients to shift from outdated treatment approaches and instead advising them to attend holistic care centers. Some centers even train patients with yoga, pilates, and have on-site chiropractors who offer treatments designed to maintain proper body alignment. This initiative has motivated patients to heal pain at home by using specialized devices with in-built electrodes to stimulate nerve endings and reduce pain.
Besides, the use of biological solutions, precisely stem cells, in pain management is currently adding a new dimension to the world of healthcare. Physicians are using stem cells extensively to cure acute cases of spine and back problems by injecting stem cells directly around the tissues around the spine. Those cells then stimulate the target tissues and help heal injuries to discs, nerves, and other parts of the back.
In order to assist the healthcare companies in shoring up their capabilities with robust pain management devices and procedures, we have compiled this issue of MedTech Outlook. In this edition, we have listed the top 10 pain management solution providers for 2020 to highlight the companies that can help you escalate your chances of success. Equipped with innovative technological capabilities, these enlisted pain management solution providers are transforming the healthcare landscape at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the healthcare sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of MedTech Outlook helps you build the partnership you and your organization need to foster an environment driven by robust and efficient technology.
We present to you MedTech Outlook’s “Top 10 Pain Management Solution Providers 2020.”