Intrathecal Pumps Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Intrathecal
pumps classified under intrathecal drug delivery system are used to deliver
small amounts of drug directly to the patient’s spinal fluid for relieving
chronic back or spinal pain. This small programmed battery powered pump is
surgically implanted under the subcutaneous tissue of the abdomen and is
connected to a catheter tunneled to the site of spinal entry. Such devices
consist of a computerized pain pump, a catheter and a reservoir which needs to
be refilled every 1 to 3 months. In this drug delivery system, a lower dose of
medication is required since the drug is delivered directly at the site of
action and thus bypasses the phase of circulation throughout the body.
To
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Intrathecal
pumps market is categorized on the basis of the following applications:
- Cancer Pain
- Neuropathic Pain
- Facial & Migraine Pain
- Musculoskeletal Pain
- Trauma
Globally,
North America and western European countries dominates the intrathecal implant
pumps market due to high prevalence of chronic or recurring pain in the general
population, better reimbursement policies and increased awareness about
healthcare and wellbeing in these regions. Emerging economies of Asia, Middle
East and Latin America are predicted to incur the highest growth due to growing
disease awareness and rising affordability in order to undertake such
procedures.
Some
of the key factors driving the growth of intrathecal pumps market are global
growing elderly population and advances in technology. Increased incidences of
cancer and diabetes, improved reimbursement policies and funding by government
agencies, particularly in developing countries will further propel the
intrathecal pumps market. However, high cost involved in implantation procedure
of intrathecal pumps may pose a challenge to the growth of this market.
Some
of the major companies contributing to the intrathecal pumps market include Baxter
International Inc., Boston Scientific Corporation, Codman and Shurtleff, Inc.,
Hospira, Inc., Kimberly-Clark Corporation, St. Jude Medical, Inc., Medtronic,
Inc., Advanced Bionics LLC, Medasys, Inc., Flowonix Medical, Inc., Smiths
Medical ASD, Inc. and Stryker Corporation.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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