Intrathecal Pumps Market Development and Demand Forecast to 2020.pdf

GLOBAL INDUSTRY INSIGHT:Intrathecal Pumps Market Development and Demand Forecast to 2020

Global Intrathecal Pumps Market Development and DemandForecast to 2020Intrathecal pumps devices are used for specific transfer of drug doses in the human body particularly, especiallywithin spinal cord. The advancement in the accuracy of these devices has increased the demand of intrathecalpumps in recent years.Intrathecal pumps are widely used in the treatment of patients suffering from chronic pain without any/minimalside-effects. Economic factors such as, U.S. health insurance policies have boosted the demand of the intrathecalpumps market. Moreover, with advancing technology of the intrathecal pumps, the feasibility and flexibility ofthese devices have also grown with the current diagnostic methods, which in-turn is driving the intrathecal pumpsmarket. Drugs such as Baclofen and Trihexy-phenidyl, which are used for the treatment of neuro-degenerationwith brain iron accumulation and dystonia are not available in oral form, and hence, the demand of technicallyadvanced intrathecal pumps with ability to perform multiple medications via single infusion pump has increased inrecent years.Explore more or request for TOC on global intrathecal pumps market at:https://www.psmarketresearch.com/market-analysis/intrathecal-pumps-marketIntrathecal pumps are used extensively for the injecting specific drugs to cancer patients. According to a reportpublished by the International Agency for Research on Cancer (IARC of WHO), the number of cancer patientshas been considerably increased. About 14.1 million patients were estimated to suffer from cancer in 2012. Also,the cancer mortality rate was estimated to be about 8.2 million in the year 2012. With increasing prevalence ofcancer, the intrathecal pumps market is expected to escalate in future.Based on the various drug types, the global intrathecal pumps market can be broadly categorized as Baclofen,Hydromorphone, Morphine, Clonidine, Midazolam, Bupivacaine and others. Based on the different application ofintrathecal pumps, the global intrathecal pumps market can be broadly classified into spasticity and painmanagement. Pain management occupied the maximum intrathecal pumps market’s share in 2014.North America was the largest market for intrathecal pumps in 2014. The market dominance and the growth of theNorth American market are attributed to supportive health insurance policies by the government, along with theincreasing awareness of intrathecal pumps among patients suffering from chronic pain in North America. Europeaccounted for the second largest intrathecal pumps market in 2014, owing to the increased medical monitoring ofthe large population of baby boomers in the region. The Asia-Pacific is the fastest growing intrathecal pumpsmarket, among all the geographical segmentation. The Asia-Pacific market is expected to witness a double digitgrowth in coming years owing to the prevalence of cancer in the developing countries such as India, and China.Moreover, increasing disposable income, strengthening healthcare, infrastructure and supportive governmentregulation have also benefited in the adoption of advance diagnosis equipment such as intrathecal pumps.Country wise, the U.S. and Canada are two of the largest intrathecal pumps market in North America. Also,© P&S Market Research. All rights reserved 2

Global Intrathecal Pumps Market Development and DemandForecast to 2020Germany, Italy, France, U.K and Spain are some of the significant countries, which have played a massive role inescalating the Intrathecal pumps market of Europe. In Asia Pacific- Japan, China, and India are the majorintrathecal pumps market.Recently Flowonix Medical Inc., has launched a ‘Prometra’ intrathecal pump, featuring accurate drug deliverymechanism, dual-gated valve drug delivery and increased device longevity. Rising merger and accusation (M&A)activity and market consolidation in the global intrathecal pump market is expected to drive the intrathecal pumpmarket during the forecast period.Some of the major players operating in the global intrathecal pumps market include- Arrow International MedallionTherapeutics Inc., Codman & Shurtleff, Inc., Medtronic, Inc., and Flowonix, Inc., Tricumed GmbH among others.Browse related market research: https://www.psmarketresearch.com/industry-report/medicaldevicesAbout P&S Market ResearchP&S Market Research is a global market research and consulting company. We provide market research reports,industry reports, business intelligence and research based consulting services across a range of industries.With the help of our professional corporate relations with various companies, our market research offers the mostaccurate market forecasting. Our analysts and consultants interact with leading companies of the concerneddomain to substantiate every single data presented in our publication. Our research assists our client inidentifying new and different windows of opportunity and frame informed and customized strategies for expansionin different regions.Contact:Ms SomyaManager – Client Partner347, 5th Ave. #1402New York City, NY - 10016Toll-free: +1-888-778-7886 (USA/Canada)Email: enquiry@psmarketresearch.comWeb: https://www.psmarketresearch.com© P&S Market Research. All rights reserved 3