Embed Size (px)
Citation preview
GLOBAL INDUSTRY INSIGHT: Intrathecal Pumps Market Trends, Size, Share, Development and Demand
Forecast to 2020
Global Intrathecal Pumps Market Development and Demand
Forecast to 2020
Intrathecal pumps devices are used for specific transfer of drug doses in the human body particularly, especially
within spinal cord. The advancement in the accuracy of these devices has increased the demand of intrathecal
pumps in recent years.
Intrathecal pumps are widely used in the treatment of patients suffering from chronic pain without any/minimal
side-effects. Economic factors such as, U.S. health insurance policies have boosted the demand of the intrathecal
pumps market. Moreover, with advancing technology of the intrathecal pumps, the feasibility and flexibility of
these devices have also grown with the current diagnostic methods, which in-turn is driving the intrathecal pumps
market. Drugs such as Baclofen and Trihexy-phenidyl, which are used for the treatment of neuro-degeneration
with brain iron accumulation and dystonia are not available in oral form, and hence, the demand of technically
advanced intrathecal pumps with ability to perform multiple medications via single infusion pump has increased in
recent years.
Explore More or Request For Toc on “Global Intrathecal Pumps Market” at:
https://www.psmarketresearch.com/market-analysis/intrathecal-pumps-market
Intrathecal pumps are used extensively for the injecting specific drugs to cancer patients. According to a report
published by the International Agency for Research on Cancer (IARC of WHO), the number of cancer patients
has been considerably increased. About 14.1 million patients were estimated to suffer from cancer in 2012. Also,
the cancer mortality rate was estimated to be about 8.2 million in the year 2012. With increasing prevalence of
cancer, the intrathecal pumps market is expected to escalate in future.
Based on the various drug types, the global intrathecal pumps market can be broadly categorized as Baclofen,
Hydromorphone, Morphine, Clonidine, Midazolam, Bupivacaine and others. Based on the different application of
intrathecal pumps, the global intrathecal pumps market can be broadly classified into spasticity and pain
management. Pain management occupied the maximum intrathecal pumps market’s share in 2014.
North America was the largest market for intrathecal pumps in 2014. The market dominance and the growth of the
North American market are attributed to supportive health insurance policies by the government, along with the
increasing awareness of intrathecal pumps among patients suffering from chronic pain in North America. Europe
accounted for the second largest intrathecal pumps market in 2014, owing to the increased medical monitoring of
the large population of baby boomers in the region. The Asia-Pacific is the fastest growing intrathecal pumps
market, among all the geographical segmentation. The Asia-Pacific market is expected to witness a double digit
growth in coming years owing to the prevalence of cancer in the developing countries such as India, and China.
Moreover, increasing disposable income, strengthening healthcare, infrastructure and supportive government
regulation have also benefited in the adoption of advance diagnosis equipment such as intrathecal pumps.
Country wise, the U.S. and Canada are two of the largest intrathecal pumps market in North America. Also,
© P&S Market Research. All rights reserved 2
Global Intrathecal Pumps Market Development and Demand
Forecast to 2020
Germany, Italy, France, U.K and Spain are some of the significant countries, which have played a massive role in
escalating the Intrathecal pumps market of Europe. In Asia Pacific- Japan, China, and India are the major
intrathecal pumps market.
Recently Flowonix Medical Inc., has launched a ‘Prometra’ intrathecal pump, featuring accurate drug delivery
mechanism, dual-gated valve drug delivery and increased device longevity. Rising merger and accusation (M&A)
activity and market consolidation in the global intrathecal pump market is expected to drive the intrathecal pump
market during the forecast period.
Some of the major players operating in the global intrathecal pumps market include- Arrow International Medallion
Therapeutics Inc., Codman & Shurtleff, Inc., Medtronic, Inc., and Flowonix, Inc., Tricumed GmbH among others.
Browse related market research: https://www.psmarketresearch.com/industry-report/medical-
devices
About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports,
industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most
accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned
domain to substantiate every single data presented in our publication. Our research assists our client in
identifying new and different windows of opportunity and frame informed and customized strategies for expansion
in different regions.
Contact: Deep
Assistant – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada)
Email: [email protected]
Web: https://www.psmarketresearch.com
© P&S Market Research. All rights reserved 3
