Spinal Pumps Market Outlook Development Trend Forecast To 2024
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<strong>Spinal</strong> <strong>Pumps</strong> <strong>Market</strong> <strong>Outlook</strong> | <strong>Development</strong> <strong>Trend</strong> | <strong>Forecast</strong> <strong>To</strong><br />
<strong>2024</strong><br />
“Global <strong>Spinal</strong> <strong>Pumps</strong> <strong>Market</strong> report includes in-depth analysis of industry by<br />
recent technologies, trends, opportunities, challenges, key players and<br />
business strategies considering types, segment and future outlook.”<br />
The global <strong>Spinal</strong> <strong>Pumps</strong> <strong>Market</strong> was valued at US$ 222.0 million in 2015 and is anticipated to<br />
reach US$ 319.8 million by <strong>2024</strong>. <strong>Spinal</strong> pumps are intrathecal drug delivery systems (ITDD) that<br />
provide anaesthesia and analgesia. ITDD systems involve a catheter attached to a pump and the<br />
pump is an external device or an implanted system that involves therapy and drug diagnosis.<br />
From the commercial perspective, each system has its own advantages and disadvantages in<br />
terms of cost and appeal. Globally, the spinal pumps industry is predicted to grow at a significant<br />
rate during the forecast period, providing numerous opportunities for market players to invest<br />
for research and development in the market.<br />
<strong>Spinal</strong> pumps market is driven by rising prevalence of sclerosis, movement disorders, spinal and<br />
brain injuries and cerebral palsy. Increase in geriatric population and long-term therapy<br />
comprising spinal pump devices and brain injuries is likely to propel the market growth during<br />
the forecast period. Rise in chronic diseases in geriatric population and development of medical<br />
device and equipment is likely to contribute to market growth during the forecast period.<br />
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Technological innovations and combination of programmable external devices with pumps that<br />
enable low medication dosages accelerates the market growth for the forecast period. The<br />
application segment for spinal pumps market involves pain management, spasticity, nonmalignant<br />
pain and malignant pain. Pain management held a substantial share in the market<br />
growth owing to presence of large patient base suffering from chronic pain and clinical outcome.<br />
<strong>Spinal</strong> pumps market is geographically segmented as North America, South America, Europe,<br />
Asia-Pacific, Middle East and Africa.<br />
Asia-Pacific regions are likely to gain a higher CAGR during the forecast period due to rising<br />
healthcare infrastructure and patient awareness for treatment alternatives. The growth is<br />
accredited to developments in healthcare infrastructure and rise in advances in hospital<br />
equipment in emerging economies. North America and Europe market is likely to gain a<br />
significant market growth during the forecast period owing to rise in healthcare facilities and<br />
potential in the market. The key players profiled in spinal pumps industry are Flowonix Medical<br />
Inc, Medtronic Plc, Teleflex Inc and DePuySynthes and Tricumed Medizintechnik GmbH.<br />
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https://www.millioninsights.com/industry-reports/spinal-pumps-market<br />
<strong>Market</strong> Segment:<br />
Global spinal pumps application outlook (Revenue, USD Million, 2013 - <strong>2024</strong>)<br />
• Spasticity Management<br />
• Pain Management<br />
• Non-Malignant Pain<br />
• Malignant Pain<br />
<strong>Spinal</strong> pumps regional outlook (Revenue, USD Million, 2013 - <strong>2024</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe
• UK<br />
• Germany<br />
• Asia Pacific<br />
• Japan<br />
• China<br />
• India<br />
• Latin America<br />
• Mexico<br />
• Brazil<br />
• MEA<br />
• South Africa<br />
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https://www.millioninsights.com/industry/medical-devices<br />
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