PUBLISHER: Value Market Research | PRODUCT CODE: 1342802
PUBLISHER: Value Market Research | PRODUCT CODE: 1342802
The global demand for Intrathecal Pumps Market is presumed to reach the market size of nearly USD 807.95 BN by 2030 from USD 427.82 BN in 2022 with a CAGR of 7.32% under the study period 2023 - 2030.
Intrathecal pumps are small pumps surgically placed beneath the skin to deliver medication to a painful area. These pumps are widely used to inject specific drugs into cancer patients. Besides, these pumps are easy to use, portable, accurate, and consume less power.
The advancement in the accuracy of these devices has increased the demand for intrathecal pumps. The growing prevalence of chronic conditions like cancer pain, back pain, and other painful medical procedures like postoperative pain, when a person experiences severe and persistent back pain, are significant reasons driving the intrathecal pumps market growth. Moreover, the senior population, susceptible to chronic pain, has increased the demand for the product. Along with this, huge investment made by the medical device industry in intrathecal pumps has supported the market growth. Furthermore, the industry will benefit from technological advancements in intrathecal pump technology and the rising need for specialized medication delivery systems. However, a lack of awareness and high pain management costs may restrain market growth in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of intrathecal pumps. The growth and trends of intrathecal pumps industry provide a holistic approach to this study.
This section of the intrathecal pumps market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Intrathecal Pumps market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the intrathecal pumps market include Medtronic plc, Flowonix, Medallion Therapeutics, Arrow International Inc., Tricumed GmbH, Codman & Shurtleff. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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