Press release
Global Intrathecal Pump Market Expected to Exceed USD 2.6 Billion by 2031 Due to Rise in Chronic Pain and Neurological Disorders
"Direct spinal infusion offers pain relief where other methods fail-patients regain mobility, comfort, and independence," said Dr. Michelle Groves, neurotechnology analyst at CVMI.
Request Sample @ https://clearviewmarketinsights.com/report-details/global-intrathecal-pump-market/
Market Highlights:
• 2024 Market Size: USD 1.33 billion
• 2031 Forecast: USD 2.62 billion
• CAGR: 10.3% (2024-2031)
Growth Catalysts:
• Pain Epidemic and Aging Demographics: Increased rates of neuropathic pain and multiple sclerosis
• Reduced Opioid Reliance: Intrathecal pumps administer microdoses, minimizing addiction and side effects.
• Expanded Access in Oncology Centers: Particularly for terminal cancer pain management
Segment Insights:
• Leading Application: Chronic pain accounts for over 50% of implants
• Pump Innovation: Programmable systems with smart refill alerts gaining traction
• Primary Users: Pain clinics and neuro rehab centers in developed markets
Competitive Overview (2024):
• Medtronic - 63%: An industry leader with a global footprint and clinical trust.
• Flowonix - 22%: Robust U.S. and EU presence with Prometra® platform
• Tricumed - 7%: Niche player in the European programmable market
• Others - 8%: Custom systems and legacy support vendors
Outlook to 2031:
Next-generation pumps will incorporate predictive analytics, closed-loop delivery, and compatibility with mobile monitoring tools. Training, affordability programs, and decentralized access models will be essential for expanding global usage.
For more insights, visit https://clearviewmarketinsights.com/
Media contact:
Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
About Clearview Market Insights:
Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.
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