Global Spinal Pumps Market by Application (Non-Malignant Pain, Malignant Pain, Pain Management, Spasticity Management) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2015, the global spinal pumps market was worth USD 222.0 million. In 2015, the global spinal pumps market was valued at USD 222.0 million. This is expected to increase as more people are diagnosed with movement disorders such as multiple sclerosis and cerebral palsy.

As a result, the growing geriatric population is expected to cause an increase in demand for spinal pumps during the forecast period.

North America's spinal pumps market share by application 2013-2024 (USD Million).

The development of technological innovations such as programmable external devices that allow controlled release of low dosages of medication is expected to increase the demand for pain-relieving products. These technological advances have led to the creation of intrathecal pumps. They have significantly reduced the incidence of adverse events that are common with intravenous or oral drug administration routes. The industry will benefit from the increased drug efficacy and sustained release of lower drug doses via these spinal pumps in the near future.

Innovative technologies are used to provide long-term pain relief. These include targeted drug delivery systems (DDS), which allow for pain management by targeting specific areas. Micro-dose infusions, which reduce drug pharmacodynamics effects and patient-controlled devices, which give patients greater control over their treatment. These innovations have resulted in improved patient outcomes and faster recovery rates. Physicians and patients will continue to prefer these devices.

The market for spinal pumps is expected to grow at a rapid pace during the forecast period due to low patient compliance, high long-term costs and rising cases of relapse with conventional medications used in the treatment spasticity and chronic back pain.

Application Insights

In 2015, the pain management segment accounted for a significant industry share at over 69.0%. This is due to the large number of patients suffering from chronic pain and the failures of other treatments.

The American Academy of Pain Management states that chronic pain is extremely common. Between 20% and 30% of the population suffer from it. 2/3 of those patients have experienced pain for longer periods than 5 years. This is what drives the market for intrathecal pumps and contributes to its overall market share.

Non-malignant pain dominated the overall segment of pain management. This was due to its prominence as the largest global burden. It accounted for over 75% of the total pain management market in 2015. The numerous initiatives that aim to evaluate the current pain treatment drug panel to eliminate any adverse effects and provide guidance on the best treatments for chronic non-malignant pain, such as the Pain and Palliative Care Practice and Research Network will likely facilitate the penetration and use of spinal pump devices within the industry.

The forecast period will see a rapid increase in spasticity management at a rate of CAGR of 5%. This is due to the increasing incidence of neurological disorders and movement, as well as the fact that there are fewer effective treatments for spasticity. According to the University of Washington Rehabilitation Medicine Northwest Regional Spinal Cord Injured System, approximately 78% of patients with spinal cord injuries experience spasticity. Around 80 percent of patients with cerebral palsy (CP), suffer from CP-related spasticity. These statistics show the need for spasticity treatment, which will drive the industry demand over the forecast period.

Regional Insights

North America had a significant share of the global spinal pump market in 2015 with a share exceeding 54.0%. This region is expected to see a rise in demand for these devices due to the existence of clear reimbursement models and an efficient regulatory framework that emphasizes patient safety.

Due to rapid improvements in healthcare infrastructure and patient awareness towards other treatment options, the Asia Pacific spinal pumps market will grow at a CAGR of more than 6.0% over the forecast period. This growth is due to prominent industry players investing in healthcare infrastructure. This will increase the demand for hospital equipment in emerging economies like China and India.

In addition, increasing collaborations between private insurers and the government are gradually improving healthcare coverage. This will allow patients to have better access to healthcare facilities. This is expected to increase the region's potential for high growth.

Competitive Market Insights

DePuy Synthes, FlowonixMedical, Inc., Medtronic Plc, Tricumed Medizintechnik GmbH, Teleflex, Inc. are some of the leading players in the spinal pump market. To capture more of the market, these industry players are pursuing strategies such as mergers and acquisitions. Product launches.

In January 2015, Flowonix Medical, Inc., announced that the FDA had approved its next-generation intrathecal injection device, Prometra II. This launch was done to increase its targeted drug delivery options and capture more industry share. These companies have high R&D investments strategies, which has resulted in a growing number of products.

Up Market Research published a new report titled “Spinal Pumps Market research report which is segmented by Application (Non-Malignant Pain, Malignant Pain, Pain Management, Spasticity Management), By Players/Companies Tricumed Medizintechnik GmbH, to capture a larger share of the industry, FlowonixMedical, Inc, Medtronic Plc, DePuy Synthes, geographical expansions, Teleflex, such as entering into mergers and acquisitions, Inc These industry players are undertaking strategies, product launches”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Spinal Pumps Market Report Segments:

The market is segmented by Application (Non-Malignant Pain, Malignant Pain, Pain Management, Spasticity Management).

Spinal Pumps Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Spinal Pumps Market

Overview of the regional outlook of the Spinal Pumps Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Spinal Pumps Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Spinal Pumps Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Non-Malignant Pain

                2. Malignant Pain

                3. Pain Management

                4. Spasticity Management

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Spinal Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Spinal Pumps Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.