Press release
Global Intrathecal Pumps Market Set to Reach USD 405.6 million Valuation by 2031- According to TMR
Intrathecal Pumps Market
This projected growth reflects ongoing advancements, innovations, and market dynamics driving the industry's evolution across various sectors and regions.
Click Here to Get Sample Copy of this Report@https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1599&utm_source=Bhushan&utm_medium=Openpr
Intrathecal pumps, also known as drug delivery systems or pain pumps, are medical devices used to deliver medication directly into the intrathecal space surrounding the spinal cord. These pumps are primarily used for the management of chronic pain, spasticity, and other neurological disorders.
The global market for intrathecal pumps is witnessing significant growth due to the increasing prevalence of chronic pain conditions, advancements in pump technology, and rising demand for minimally invasive treatment modalities.
Market Overview
• Prevalence of Chronic Pain: Chronic pain affects millions of people worldwide, contributing to a high demand for effective pain management solutions.
• Application Areas: Intrathecal pumps are used for the management of chronic pain, spasticity associated with conditions such as multiple sclerosis and cerebral palsy, and certain types of cancer pain.
• Technology Advancements: Advancements in pump technology, including programmable pumps with advanced drug delivery features and remote monitoring capabilities, are driving market growth.
Market Key Players:
• Medtronic, Inc.
• Flowonix, Inc.
• Tricumed Medizintechnik GmbH and more
Recent Developments:
• In February 2020, Flowonix Medical, Inc. achieved a significant milestone with the U.S. Food and Drug Administration (FDA) granting marketing approval for its Prometra II Programmable Pump System, designed for intrathecal baclofen use.
• This approval came on the heels of the company's introduction of the Prometra II 40mL pump in the U.S. in November 2019, marking a notable advancement in medical technology for targeted drug delivery.
• However, in October 2019, Medtronic faced a setback when the FDA classified the recall of its SynchroMed II implantable drug pumps as Class I, the most severe type of recall, due to reports of motor stalling issues.
You Can Customize this Report As per Your Requirement Click Here@https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1599&utm_source=Bhushan&utm_medium=Openpr
Recent Developments of Companies
• Product Innovation: Medical device companies are developing next-generation intrathecal pumps with enhanced features such as smaller size, longer battery life, and improved drug delivery accuracy.
• Partnerships and Collaborations: Collaborations between pump manufacturers, pharmaceutical companies, and healthcare providers aim to improve patient outcomes and expand market reach.
• Digital Health Integration: Integration of intrathecal pumps with digital health platforms enables remote monitoring, personalized therapy adjustments, and real-time data analytics for healthcare providers and patients.
Strategies for Companies
• Portfolio Expansion: Diversifying product portfolios to cater to a wide range of therapeutic indications and patient populations.
• Market Penetration: Forming strategic partnerships with healthcare facilities and pain management clinics to increase market penetration and product adoption.
• Investment in R&D: Investing in research and development to develop innovative pump technologies and drug delivery systems with improved safety, efficacy, and patient outcomes.
Opportunities
• Increasing Prevalence of Chronic Pain: The growing prevalence of chronic pain conditions, including back pain, neuropathic pain, and cancer-related pain, presents significant opportunities for market expansion.
• Aging Population: Aging demographics are associated with a higher incidence of chronic pain and neurological disorders, driving demand for intrathecal pump therapies.
• Minimally Invasive Therapies: Increasing patient preference for minimally invasive treatment modalities with fewer side effects and shorter recovery times fuels demand for intrathecal pumps.
To buy this comprehensive market research report, click here to inquire@https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1599&utm_source=Bhushan&utm_medium=Openpr
Why Buy This Research Report
• Market Insights: Gain comprehensive insights into the intrathecal pumps market, including market size, trends, and growth drivers.
• Competitive Analysis: Assess the competitive landscape, recent developments of key players, and strategic initiatives shaping the market.
• Strategic Planning: Formulate effective business strategies based on in-depth analysis of market opportunities, challenges, and emerging trends.
• Investment Decision Support: Identify investment opportunities in the intrathecal pumps market based on market dynamics, technological advancements, and competitive intelligence.
• Risk Mitigation: Understand the regulatory landscape, safety considerations, and market risks to mitigate potential challenges and optimize decision-making.
More Trending Research Reports-
Sterilization Wrap Market Set to Achieve USD 564.5 million by 2031 - https://www.globenewswire.com/news-release/2024/01/23/2813853/0/en/Sterilization-Wrap-Market-Set-to-Achieve-USD-564-5-million-by-2031-Anticipated-to-Garner-4-5-CAGR-Transparency-Market-Research-Inc.html
Sterile Medical Packaging Market to Cross USD 15.2 billion, at a CAGR of 4.7 % by 2031 - https://www.globenewswire.com/en/news-release/2024/01/11/2807688/32656/en/Sterile-Medical-Packaging-Market-to-Cross-USD-15-2-billion-at-a-CAGR-of-4-7-by-2031-Transparency-Market-Research-Inc.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@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 Global Intrathecal Pumps Market Set to Reach USD 405.6 million Valuation by 2031- According to TMR here
News-ID: 3364964 • Views: …
More Releases from Transparency Market Research Pvt Ltd
Farm Scale Protein Market Size Forecast to USD 42.3 Billion by 2035 with a Focus …
Farm Scale Protein Market Size to 2035
The global farm scale protein market was valued at US$ 22,100.4 million in 2024. It is projected to expand at a CAGR of 6.1% from 2025 to 2035, reaching US$ 42,300.1 million by the end of 2035. Market growth is driven by rising global protein demand, population growth, sustainability concerns, and increasing adoption of decentralized protein production systems at the farm level.
👉 Get your…
Conductive Inks Market Size Forecast to USD 4.9 Billion by 2031 with Rising Adop …
Global Conductive Inks Market Size to 2031
The global conductive inks market was valued at US$ 3.1 billion in 2022. The industry is projected to expand at a CAGR of 5.0% from 2023 to 2031, reaching US$ 4.9 billion by the end of 2031. Market growth is driven by rapid advancements in printed electronics, rising demand for flexible and wearable devices, and expanding applications in automotive and consumer electronics.
👉 Get your…
Wireless Charger Market Size Forecast to USD 168.0 Billion by 2035 with a Focus …
Wireless Charger Market Size to 2035
The global wireless charger market was valued at US$ 20.3 billion in 2024 and is projected to reach US$ 168.0 billion by 2035, expanding at a robust CAGR of 21.2% from 2025 to 2035. The rapid growth is fueled by the surging adoption of smartphones, wearables, electric vehicles, and IoT devices, along with growing consumer demand for convenient, cable-free charging solutions.
👉 Get your sample market…
Organic Soy Protein Market Size Forecast to USD 1,772.3 Million by 2036 with a F …
Organic Soy Protein Market Size to 2036
The global organic soy protein market was valued at US$ 391.4 million in 2025 and is projected to reach US$ 1,772.3 million by 2036, expanding at a robust CAGR of 14.6% from 2026 to 2036. This strong growth trajectory reflects rising consumer preference for organic, plant-based, and clean-label protein sources, coupled with increasing applications across food & beverages, nutrition, and animal feed industries.
👉 Get…
More Releases for Intrathecal
Intrathecal Pumps Market Is Booming Globally Forecast 2034
The Intrathecal Pumps Market Is Set To Grow At An Estimated CAGR Of 7.3% From 2025 To 2034, Rising From $1.5 Billion In 2024 To $3.6 Billion By 2034.
On April 24, 2025, Exactitude Consultancy., Ltd. released a research report titled "Intrathecal Pumps Market" This report offers a new perspective on the Intrathecal Pumps Market covering an extensive range of aspects including market overview, expenditure analysis, import trends, segmentation, key players,…
Intrathecal Pumps Market Future Prediction Report By 2028
Intrathecal Pumps Market business research report assesses the current as well as upcoming performance of the market, also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the market dynamics.…
Intrathecal Pumps Market - Driving Advances in Intrathecal Pump Technology: Rede …
Newark, New Castle, USA - Growth Plus Reports has published a new report on Intrathecal Pumps Market, which includes a detailed analysis based on competitors and important market segments (2023-2031). The Global Intrathecal Pumps provides a thorough analysis of many segments such as opportunities, market size, developments, innovation, sales, and overall growth of leading players. The research is based on primary and secondary statistical data, and it includes both intuitive…
Intrathecal Pumps Market to Witness Astonishing Growth by 2029
Intrathecal pumps market is anticipated to grow at a significant CAGR of 6.1% during the forecast period. The rising incidence of chronic disorders, such as cancer, chronic pancreatitis, back pain, and others is significantly boosting the intrathecal pumps market across the globe during the forecast period. According to WHO, due to cancer around 10 million people died in 2020, and each year approximately 400,000 children develop cancer. Cancer pain remains…
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…
