Global Intrathecal Drug Delivery System Market to Grow at 5.2% CAGR during 2021-2030 | Alcyone Lifesciences, B. Braun Melsungen AG, Flowonix, Medtronic

Absolute Markets Insights proclaims a new addition of an informative report titled as Intrathecal Drug Delivery System market. This statistical report throws light on the existing scenario of the market to understand the different up-down stages of the businesses. It highlights the past records of profit margin also predicts the future growth in the upcoming year. This informative study is expected to guide the new entrants as well as existing key players in the healthcare sector.

Intrathecal drugs delivery (IDD) system is useful in the treatments of intractable (uncontrollable) pain. IDD system is utilized for providing medical treatment to patients who have medical conditions that make health so fragile that patients do not have options of any other treatment. Medical treatment through IDD requires highly specialized team that can ensure not only appropriate selection but also safety criteria. The major factor driving the growth of global intrathecal drug delivery system market is the rising prevalence of cancer all over the world. Due to prevalence of cancer, the demand for IDD system is increasing. Extensively improved analgesia is also expected to boost the market growth. The less adverse effects of IDD system compared to traditional opioid-based treatments (using morphine and drugs like morphine), make it a preferable option regarding pain management and many types of medical treatment.

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The business profiles of top level companies have been profiled to get an accurate and detailed knowledge of top level companies. It includes several online and offline activities to enlarge the businesses rapidly. Some significant brand promotion strategies, sales strategies, advertising strategies have been mentioned in the research report. North America, Latin America, Asia-Pacific, Africa, and Europe have been analyzed on the basis of various business parameters like investment, financial budget, and profit margin.

The major key pillars of businesses such as driving factors are elaborated to understand the possible reasons behind the growth of the market. Apart from this, it focuses on restraining factors which helps to understand and tackle the risks and challenges in front of the businesses. However, the strategies employed by the different successful industries have been examined clearly. Different segments and sub-segments have been elaborated in a descriptive manner.
Some of the major players operating in the global intrathecal drug delivery system market are Alcyone Lifesciences, B. Braun Melsungen AG, Flowonix, Medtronic, Smiths Group PLC, and Tricumed Medizintechnik GmbH.

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Key Findings of the Report:
• The global intrathecal drug delivery system market was valued at US$ 900.96 Mn in 2020 and is anticipated to reach US$ 1415.96 Mn by 2030 growing at a CAGR of 5.2% during the forecast period (2021 – 2030)
• In order to cope up with rising cancer cases, the intrathecal drug delivery system has proven to be more effective than oral medications. As a drug delivery platform, the pump delivers a variety of medication to treat unavoidable cancer pain. The system enables immediate release of medication into the fluid surrounding the spinal cord and reaches the nerves that are responsible for the perception of pain.
• Intrathecal drug delivery systems provide pain relief as they directly infuse medication into the cerebrospinal fluid. An IDD system includes the mechanical device that stores the analgesic medication and the catheter that infuses it. The intrathecal infusion of analgesics has been treating patients with chronic pain for more than 20 years. It is refractory to many conventional therapies.
• The global intrathecal drug delivery system market participants are increasingly studying the efficacy of intrathecal drug delivery for non-cancerous diseases in individuals. Medtronic, for instance, conducted clinical trials for studying the impact of intrathecal drug delivery for the treatment of chronic intractable non-malignant primary back pain.
• Patients are increasingly opting for targeted drug delivery options, especially in the advanced economies where there is a higher awareness about this system. Simultaneously, the companies are increasingly working towards the reduction of complications associated with intrathecal drug delivery.
• In 2020, North America was the biggest regional market in the global intrathecal drug delivery system market. Factors such as technological advancement, advanced medical facilities, availability of better healthcare facilities, and presence of many key market players have contributed towards the region’s highest share in the global market.

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Global Intrathecal Drug Delivery System Market:
• By Offering
o Pump
o Catheter
o Trays and Kits
o Others

• By Type
o Pain Management
 Malignant
 Non-Malignant
o Spasticity Management

• By End user
o Hospital
o Clinics
o Ambulatory Surgical Centers
o Others

• By Medications
o Morphine
o Ziconotide
o Baclofen
o Non-opioid medications, such as resiniferatoxin
o Others

• By Clinical Indications
o Chronic back and neck pain
o Sciatica
o Chronic abdominal pain
o Failed back and neck surgery
o Central nervous system
o Cancer
o Reflex sympathetic dystrophy or complex regional pain syndrome
o Others

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