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Intrathecal Pumps market will register a 4.7% CAGR in terms of revenue, size will reach US$ 300 million by 2024

(I-BusinessNews.Com, April 04, 2019 ) The Qualitative research study accompanied by ORBIS RESEARCH titled on “Global Intrathecal Pumps Market describing the Product / Business Scope, Overview and outlook from 2019 to 2024”. In this Research Report provides primary and secondary data for studies, the scope of the product and vendor briefings. The market Study is segmented by key regions which are accelerating the marketization and study is segmented by products type, status, size, trends, key players, market opportunities, application, challenges and forecast to 2024. Intrathecal Pumps Market Major Key Players/ Manufacturer included in the Report some of them Medtronic, Codman & Shurtleff (J&J), Flowonix, Tricumed


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An intrathecal pump is a medical device used to deliver medications directly into the space between the spinal cord and the protective sheath surrounding the spinal cord. Medications such as baclofen, morphine, or ziconotide may be delivered in this manner to minimize the side effects often associated with the higher doses used in oral or intravenous delivery of these drugs.


Intrathecal pump is a surgically implanted system used to infuse potent medication directly into or around the spinal cord. These pumps are typically intended for use in chronic pain and spasticity management for delivering potent medicines in the intrathecal space which allows administration of drugs in very low doses.


In the last several years, global market of Intrathecal Pumps developed steadily, with an average growth rate of 3.5%. In 2016, global revenue of Intrathecal Pumps is nearly 220 million USD; the actual production is about 5.05 thousand units.


The global average price of Intrathecal Pumps is in the decreasing trend, from 4486 USD/ Unit in 2012 to 4387 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.


The classification of Intrathecal Pumps includes Constant Rate Pump, Programmable Pump. The proportion of Programmable Pump in 2016 is about 91.3%. A programmable pump delivers the medication according to a rate determined by a computer program.


According to this study, over the next five years the Intrathecal Pumps market will register a 4.7% CAGR in terms of revenue, the global market size will reach US$ 300 million by 2024, from US$ 230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Intrathecal Pumps business, shared in Chapter 3.


This report presents a comprehensive overview, market shares, and growth opportunities of Intrathecal Pumps market by product type, application, key manufacturers and key regions and countries.


This study considers the Intrathecal Pumps value and volume generated from the sales of the following segments:


Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.


Constant Rate Pump


Programmable Pump


Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.


Chronic Pain


Spasticity Management


This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.


Americas


United States


Canada


Mexico


Brazil


APAC


China


Japan


Korea


Southeast Asia


India


Australia


Europe


Germany


France


UK


Italy


Russia


Spain


Middle East & Africa


Egypt


South Africa


Israel


Turkey


GCC Countries


The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.


Medtronic


Codman & Shurtleff (J&J)


Flowonix


Tricumed



In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.


Research objectives


To study and analyze the global Intrathecal Pumps consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.


To understand the structure of Intrathecal Pumps market by identifying its various subsegments.


Focuses on the key global Intrathecal Pumps manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.


To analyze the Intrathecal Pumps with respect to individual growth trends, future prospects, and their contribution to the total market.


To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).


To project the consumption of Intrathecal Pumps submarkets, with respect to key regions (along with their respective key countries).


To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.


To strategically profile the key players and comprehensively analyze their growth strategies.


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Thanks for reading this article; you can also get individual chapter wise section or region wise report versions like North America, Middle East, South Africa, China or Asia-Pacific.


Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com


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