Monday, March 2, 2020

Spinal Pumps Market Share, Capacity, Production and Revenue Analysis Report By 2024


3rd March 2020 – "Spinal Pumps Market" 2024 Industry research report covers the industry overview with Marketplace Size, Share, Development, futuristic cost, earnings, demand and distribution data. Its wide study offers an analytical summary of the marketplace that can help to the new and existing player to take a significant decision.

The global spinal pumps market was valued at US$ 222.0 million in 2015 and is anticipated to reach US$ 319.8 million by 2024. Spinal pumps are intrathecal drug delivery systems (ITDD) that provide anaesthesia and analgesia. ITDD systems involve a catheter attached to a pump and the pump is an external device or an implanted system that involves therapy and drug diagnosis. From the commercial perspective, each system has its own advantages and disadvantages in terms of cost and appeal. Globally, the spinal pumps industry is predicted to grow at a significant rate during the forecast period, providing numerous opportunities for market players to invest for research and development in the market.


Main features of the report:
·         To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Spinal Pumps Market.
·         A complete backdrop analysis, which includes an assessment of the parent market
·         Important changes in market dynamics
·         Market segmentation up to the second or third level
·         To provide country level analysis of the market for segment by application, product type and sub-segments.
·         To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
·         Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Spinal Pumps Market.
·         Emerging niche segments and regional markets
·         An objective assessment of the trajectory of the industry.

Spinal pumps market is driven by rising prevalence of sclerosis, movement disorders, spinal and brain injuries and cerebral palsy. Increase in geriatric population and long-term therapy comprising spinal pump devices and brain injuries is likely to propel the market growth during the forecast period. Rise in chronic diseases in geriatric population and development of medical device and equipment is likely to contribute to market growth during the forecast period. Technological innovations and combination of programmable external devices with pumps that enable low medication dosages accelerates the market growth for the forecast period.

The application segment for spinal pumps market involves pain management, spasticity, non-malignant pain and malignant pain. Pain management held a substantial share in the market growth owing to presence of large patient base suffering from chronic pain and clinical outcome.

Spinal pumps market is geographically segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to gain a higher CAGR during the forecast period due to rising healthcare infrastructure and patient awareness for treatment alternatives.

Major Companies operating in the industry are:
·         Flowonix Medical Inc
·         Medtronic Plc
·         Teleflex Inc
·         DePuySynthes
·         Tricumed Medizintechnik GmbH

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