Intrathecal Pumps Market Poised to Garner Maximum Revenues During 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 is usually reserved for patients who seek long-term medication. Other alternatives available in the market are either costly or less effective, because of which the demand for intrathecal pumps has risen at a rapid pace over the past few years.
Request to View Brochure of Report -
According to the findings of the report, the global intrathecal pumps market, which stood at US$0.19 bn in 2013, will reach US$0.26 bn by the end of 2020. If the figures hold true, the market will expand at a positive CAGR of 4.10% between 2014 and 2020.
Intrathecal pumps are preferred for long-term treatment that requires a drug to be infused over an extended time period in precise doses as per specifications. When needed, the drug reservoir is refilled using an external needle injection through a self-sealing septum in the infusion pump.
The report analyzes the various aspects influencing growth trends exhibited in the global intrathecal pumps market. For the purpose of the study, it segments the market into two major application segments, which are spasticity and pain management. Of these, the pain management segment held the largest share in the market and is expected to demonstrate a CAGR of 4.0% between 2014 and 2020.
According to information obtained from a survey conducted by the International Agency for Research on Cancer (IARC), the number of new cancer cases registered globally rose to 14.1 million in 2012 and deaths due to the chronic ailment reached 8.2 mn. According to the TMR report, chronic pain affects approximately 20% to 30% of the U.S. population. With incidence of chronic illnesses rising, the demand for advanced and more sophisticated infusion systems will substantially rise. In response, the market for intrathecal pumps will expand worldwide.
Request to View Sample of Report -
Regionally, North America dominated the global intrathecal pumps market, followed by Europe. The intrathecal pumps market in North America is likely to rise at a CAGR of 4.0% during the report’s forecast period. Asia Pacific will also exhibit lucrative prospects for the market, particularly in India and China.
With the latest technological advances, researchers have successfully designed and manufactured intrathecal pumps that deliver multiple medications through a single infusion pump. However, administering multiple medications in precise doses and varying concentrations may give rise to stability issues. Thus, the system still requires many more modifications to ensure accurate drug administration with negligible or no errors.
To present a holistic blueprint of the market, the report also profiles leading market players such as Codman & Shurtleff, Inc., Medtronic, Inc., Arrow International, Inc., Medallion Therapeutics, Inc., Flowonix, Inc., and Tricumed GmbH.
Purchase this Report @
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Poised to Garner Maximum Revenues During 2020 here
News-ID: 881138 • Views: 104
More Releases from Transparency Market Research
Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The
More Releases for Intrathecal
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
Global Intrathecal Pumps Market Forecast 2018-2025 Flowonix, Tricumed, Medtronic
Market study on Global Intrathecal Pumps 2018 Research Report presents a professional and complete analysis of Global Intrathecal Pumps Market on the current market situation. Report provides a general overview of the Intrathecal Pumps industry 2018 including definitions, classifications, Intrathecal Pumps market analysis, a wide range of applications and Intrathecal Pumps industry chain structure. The 2018's report on Intrathecal Pumps industry offers the global Intrathecal Pumps development history, development trends
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-Outlook, and Opportunity Analysis, 2017-2025
In recent years, management of chronic pain by intrathecal delivery is gaining importance. Intrathecal pumps allow precisely controlled and sustained release of medication in the human body to get rid of various chronic conditions namely cancer pain and multiple sclerosis. The intrathecal pump and catheters are implanted under the skin surgically to deliver the drug directly into the spinal cord, which offers dramatic pain management. Besides, these pumps are
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 Competition, Value chain Analysis and Forecast 2020
The research report, titled “Intrathecal Pumps Market - Global Industry Analysis, Size, Share, Procedures, Growth, Trends and Forecast, 2014 - 2020,” covers the product segmentation, major geographical segments, challenges, and the competitive landscape. The expanding patient base with chronic pain is one of the prominent factors boosting the demand for intrathecal pumps across the globe. A research study published by Transparency Market Research offers a detailed analysis of the global