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.
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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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