openPR Logo
Press release

Intrathecal Pumps Market - Global Industry Analysis 2014 - 2020

01-03-2017 02:58 PM CET | IT, New Media & Software

Press release from: TMR – Research Reports

Intrathecal Pumps Market - Global Industry Analysis 2014 - 2020

Intrathecal pump is a surgically implanted system used to infuse potent medication directly into or around the spinal cord. These pumps are typically intended for use in chronic pain and spasticity management for delivering potent medicines in the intrathecal space which allows administration of drugs in very low doses. This significantly reduces the side effects associated with the drugs. The global intrathecal pumps market was valued at USD 199.8 million in 2013, and is expected to grow at a CAGR of 4.1% to reach an estimated value of 264.8 million by 2020.

Download exclusive Sample of this report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1599

The global intrathecal pumps market is witnessing healthy growth amidst the frequent product recalls. Driving factor for the market growth is the device’s ability to reduce debilitating pain and drug administration in low doses. This benefits patients with lesser side effects and more rapid therapeutic effects compared to other forms of medication. Chronic pain affecting approximately 20% to 30% of the U.S. population is the largest driver for intrathecal pumps. The prevalence of chronic pain is also severe in other parts of the world. In 2013, the market for these pumps was largely driven by demand for treating chronic pain and this application alone contributed to more than two-third of the total market revenue. The pain management application is expected to maintain its top position during the forecast period from 2014 to 2020 due to large untapped patient base and wider side effects of existing opioid analgesics administered via routes other than intrathecal.

View exclusive Global strategic Business report:
http://www.transparencymarketresearch.com/intrathecal-pumps-market.html

Geographically, the global intrathecal pumps market is segmented into four major regions, namely, North America, Europe, Asia-Pacific and Rest of the World. In 2013, North America was the largest market for intrathecal pumps followed by Europe and accounted for more than half of the revenue share in the market. This geography is expected to register a growth at a CAGR close to 4% during the forecast period. The improving healthcare infrastructure in Asia-Pacific region, particularly in China and India, large patient base with chronic pain and improving economies are propelling the growth of intrathecal pumps market in this region.

The global intrathecal pumps market is governed by very few players such as Medtronic, Inc., Flowonix Medical, Codman & Shurtleff, Inc. (a Johnson & Johnson company), and Tricumed Medizintechnik GmbH. Though several product recalls by leading companies in the market have hampered the market growth to some extent, many new companies are trying to enter the market to explore the untapped opportunities in the future.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Intrathecal Pumps Market - Global Industry Analysis 2014 - 2020 here

News-ID: 404980 • Views:

More Releases from TMR – Research Reports

Power Line Communication Market to Present Highly Lucrative Opportunities for Market Players
Power Line Communication Market to Present Highly Lucrative Opportunities for Ma …
Power Line Communication (PLC) is an emerging communication technology which enables data exchange over existing power cables. It uses power grids to communicate between two end-points. PLC technology allow users to control or retrieve data in a half-duplex manner. Furthermore, in this communication method, sender modulates the data, and injects in power cables which can be retrieved by de-modulation at the receiving end. PLC technology is widely used for home
Wood Coatings Market - Roof coatings to Register High Demand | 2025
Wood Coatings Market - Roof coatings to Register High Demand | 2025
The global wood coatings market is choc-o-bloc with players and this has served to intensify the competition over the years. Product differentiation is a key tool leveraged by players to steal a march over their competitors. Key factors promoting growth in the market are the soaring construction activities across the globe and the increasing spending capacity of people which has stoked sales of furniture. Another factor catalyzing growth in the global
Welding Materials Market - Thriving Growth In Industrial Application Segments By 2024
Welding Materials Market - Thriving Growth In Industrial Application Segments By …
The global welding materials market is growing on account of the thriving growth of application segments such as transportation, building and construction, marine, and automobiles. The growing urbanization in developing nations will drive the growth of this market. The increasing infrastructure development in Asia Pacific will also fuel the growth of the welding materials market. The technological advancements in the automobile industry will also aid the growth of this market.
Intumescent Coatings Market Demand for Improved Fire Safety to Fuel Growth By 2024
Intumescent Coatings Market Demand for Improved Fire Safety to Fuel Growth By 20 …
The global intumescent coatings market has remained moderately concentrated as nearly 45% of its overall share was held by three enterprises in 2015. These companies were Sherwin-Williams Co., PPG Industries Inc., and Nobel N.V., finds Transparency Market Research (TMR) in a new study. These companies, besides other prominent market players are continuously making efforts to expand their regional footprint by establishing new manufacturing units. While expanding operations across emerging nations has

All 5 Releases


More Releases for Intrathecal

Intrathecal Drug Market 2020 Industry Updates by 2026
Intrathecal Drug Market 2020 Global Leading Players, Industry Updates, Future Growth, Business Prospects, Forthcoming Developments And Future Investments By Forecast To 2026|Jazz Pharmaceuticals, West Ward Pharmaceutical, Saol Therapeutics The global Intrathecal Drug market is broadly analyzed in this report that sheds light on critical aspects such as the vendor landscape, competitive strategies, market dynamics, and regional analysis. The report helps readers to clearly understand the current and future status of the
Global Intrathecal Drug Market Insights, Forecast
Intrathecal administration is a route of administration for drugs via an injection into the spinal canal, or into the subarachnoid space so that it reaches the cerebrospinal fluid (CSF) and is useful in spinal anaesthesia, chemotherapy, or pain management applications. This route is also used to introduce drugs that fight certain infections, particularly post-neurosurgical. The drug needs to be given this way to avoid being stopped by the blood brain
Intrathecal Pumps Market Research Report and Competitive Landscape Analysis
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. Access Report Overview: https://www.psmarketresearch.com/market-analysis/intrathecal-pumps-market 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
Intrathecal Pumps Market Growth, Trends and Forecast up to 2020
A recent report published by Transparency Market Research (TMR), titled “Intrathecal Pumps Market - Global Industry Analysis, Size, Share, Procedures, Growth, Trends and Forecast, 2014 - 2020”, provides a comprehensive overview of the global intrathecal pumps market. Intrathecal pumps are infusion devices that can be implanted in a patient’s body. These miniature devices are surgically implanted under the skin in the abdomen. Intrathecal pumps deliver medication to the spine through a
Intrathecal Pumps Market Analysis & Trends 2020
Intrathecal pumps are infusion devices that can be implanted in a patient’s body. These miniature devices are surgically implanted under the skin in the abdomen. Intrathecal pumps deliver medication to the spine through a small but flexible catheter. Medical professionals prefer using intrathecal pumps for chronic cases to deliver precise doses of medication from any combination of reservoirs without getting stuck in a complex routine. This method of delivering medication
Intrathecal Pumps Market to Record Ascending Growth by 2020
An intrathecal pump is a round metal device used in the healthcare sector to deliver medications to the patient right into the space between the spinal cord and the sheath close the spinal cord. The intrathecal pumps and small in size and are placed under the skin of the abdomen with the help of a surgical procedure. According to the study, in 2013, the global intrathecal pumps market stood