Intrathecal Pumps Market is Projected to hit an Absolute $$ Opportunity of US$ 383.5 Mn at a healthy CAGR During Forecast Period, Opines Future Market Insights, Inc.

The Intrathecal Pumps Market in China accounts for US$ 43.6 Mn by 2032. The market for morphine intrathecal pumps is projected to grow at a CAGR of 4.8% from 2021 to 2032


NEWARK, Del, Dec. 02, 2022 (GLOBE NEWSWIRE) -- The global Intrathecal Pumps Market was valued at US$ 221.1 Mn in 2021 and is expected to reach US$ 383.5 Mn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, it is projected that revenue through Morphine Intrathecal Pumps will reach a valuation of US$ 116 Mn by 2032, growing at 4.8% CAGR during the forecast period.

According to Boston University's School of Public Health, there are approximately 1.5 Bn chronic pain cases in the world, and the prevalence of this condition increases with age. According to the Centers for Disease Control and Prevention, there are approximately 50 Mn Americans who experience chronic pain, 20 Mn of whom experience high-impact chronic pain. These numbers are on the rise, hence contributing to the growth of the intrathecal pump market.

Request Sample Copy of Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15852

The United States will hold the largest share of the market throughout the Analysis Period

From 2022 to 2032, the Intrathecal Pumps Market is estimated to develop at a CAGR of 5.2% in the United States. The CAGR for the growth of the intrathecal pump market from 2017 to 2021 was 3.5%. According to a research by the American Cancer Society, in 2021, over 24 thousand people in the United States experienced a malignant tumor of the brain or spinal cord.

There are now significantly more cancer patients, according to a report recently published by the WHO's International Agency for Research on Cancer. There are around 14.1 Mn cancer patients, according to estimates. Additionally, it was determined that 8.2 Mn individuals will lose their lives to cancer each year. The market for intrathecal pumps is expected to rise in the future due to the increase in cancer cases.

Intrathecal Pumps Market: Competition Insights

Some of the key companies operating in the Intrathecal Pumps Market include Medtronic, Smiths Medical, Flowonix Medical Inc., tricumed Medizintechnik GmbH, Teleflex Incorporated, Johnson and Johnson Services, Inc., Durect Corporation, Medallion Therapeutics, Inc., Abbott, Baxter International Inc., Codman & Shurtleff, Inc., DePay Synthes, Summit Medical Group, B Braun Melsungen AG, Becton, Dickinson & Company and Fresenius Medical Care AG & Co. KGaA., and Zimmer Biomet.

Some of the recent developments by key providers of the Intrathecal Pumps Market are as follows:

  • In January 2021, a US$ 33 Mn award was given to Flowonix Medical, a U.S.-based medical device business that specializes in implanted medication delivery systems. A US$ 10 Mn debt facility was given as part of the deal by SWK Holdings (SWKH), a specialized finance firm that works with small- and mid-sized commercial-stage life-science enterprises.

  • In October 2020, in order to reinforce safety advice regarding proper cleaning procedures for the pumps, Baxter International Inc. issued an urgent device correction for all of its spectrum infusion pumps. The failure to follow the prescribed cleaning procedures reduced the efficiency and effectiveness of the pumps.

  • In February 2020, a 40 ml pump for intrathecal drug delivery was introduced by Flowonix Medical. It uses a pressure-driven, valve-gated delivery mechanism and has a battery life of more than 10 years, reducing the need for additional surgical procedures.

Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15852

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the intrathecal pumps market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by Type (Baclofen, Bupivacaine, Clonidine, Morphine, Ziconotide, and Other Types), By Application (Spasticity and Pain), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Key Segments Covered in Intrathecal Pumps Market Survey

By Type:

  • Baclofen
  • Bupivacaine
  • Clonidine
  • Morphine
  • Ziconotide
  • Other Types

By Application:

  • Spasticity
  • Pain

Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-15852

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

Complete TOC with Report Preview@ https://www.futuremarketinsights.com/reports/intrathecal-pumps-market

More Trending Reports by Future Market Research:

Advance Wound Care Market Size : Advance Wound Care Market Size was valued at US$ 10.3 Bn in 2020 and is expected to register a CAGR of 3.7% during the forecast period (2021-2031).

Opioid Analgesics Market Value : According to a recent assessment by Future Market Insights (FMI), the opioid analgesics market is slated to expand at a 5.4% CAGR, attaining a worth of US$ 41.11 Billion in 2022.

Peptide Synthesis Market Demand : The peptide synthesis market is projected to grow at a rate of 7% CAGR during the forecast period to reach a valuation of US$ 720 Mn by 2026, up from US$ 514 Mn in 2021.

Drug Discovery Services Market Analysis : The global drug discovery services market size was valued at US$ 15.5 Bn in 2021 and is projected to reach a valuation of US$ 32 Bn by 2026 with an expected CAGR of 14.5% from 2022 to 2032.

In Vitro Diagnostics Market Forecast : During the forecast period, the sales of in-vitro diagnostics hold an average growth prospect with an anticipated CAGR of 3% from 2022 to 2032

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.  
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA  
T: +1-845-579-5705  
For Sales Enquiries: sales@futuremarketinsights.com