Home >> Report Store >> Healthcare >> Spinal Pumps Market, By Application (Spasticity >

Spinal Pumps Market Size Worth $0.42 Billion By 2025 | CAGR: 5.3%

Published Date : 15 / 12 / 17 | Report Format: PDF

The global spinal pumps market is expected to grow at growth rate of 5.3% to reach USD 0.42 billion by 2025.

The drug delivery through the spinal pump is indicated when oral administration or other drug delivery mechanism does not provide sufficient relive from neuropathic pain. Spinal pump therapy enables to reduce pain without extensive surgical intervention. The spinal pump comprises an intrathecal catheter (small plastic tube) which is connected to a drug reservoir (space inside the pump which holds the medication). Drug delivery through the spinal pump is an evolving at a rapid pace and is accepted by a physician and in hospital, clinics across the globe. It is because of its ability to deliver the required drug to spinal cord receptor sites in adequate quantity to produce a better clinical effect.

Compared to the oral route of administration, an intrathecal mechanism is considered to be an efficient drug delivery due to its ability to deliver medicine directly into the cerebrospinal fluid (CSF). This technique helps the patient to reduce chronic pain caused by cancer, causalgia, back surgery syndrome, chronic pancreatitis, arachnoiditis, and others.

To access highlight and table of content of this report, please click the link below:

http://www.analystviewmarketinsights.com/report-highlight-spinal-pumps-market/

Key Takeaways:

  • Increasing number of patients suffering from movement disorders such as multiple sclerosis, and cerebral palsy and intractable pain associated with cancers drive the market growth to great extent. As per the World Health Organization (WHO), around 250,000 to 500,000 population suffer from spinal cord related injury every year globally.
  • Advancement in technologies is another driving factor for the growth of this market. The emergence of programmable infusion pumps, micro-dose infusions, and patient-controlled devices are new technologies developed in recent time. For instance, Medtronic introduced fully implanted programmable pump named “SynchroMed II infusion system”. This device is featured with diamond-like carbon coating (DLC) which improve its performance.
  • Spasticity Management accounted for 28% share of the total market owing to the rising incidence of this disorder
  • North America and Europe led the global market. In 2017, these regions collectively accounted for 79.89% share of worldwide revenue
  • Favorable government initiatives, improving healthcare infrastructure, and the large patient base is projected to support the spinal pump market growth in developing regions such as India and China
  • Strategic alliances with local or small-scale players are one of the strategies by key players to sustain in this market. For instance, in December 2015, Medtronic and Samsung announced to enter into a strategic alliance to develop connected health solutions in the treatment of neuro-modulation patients and healthcare providers.

 KEY BENEFITS OF THE REPORT:

  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Extensive analysis of the key players dominating the competitive landscape of this market
  • In-depth analysis of the key factors are propelling the growth of the global market
  • Detailed analysis of the geographic region that will witness the strongest growth
  • Granular analysis of the current market scenario and the expected market grow

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

 MARKET, BY APPLICATION

  • Spasticity Management
  • Pain Management
    • Non-malignant pain
    • Malignant pain

MARKET, BY REGION

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

MARKET, BY COUNTRY

  • Further Breakdown of The North America Market
    • U.S.
    • Canada
  • Further Breakdown of The Europe Market
    • Germany
    • France
    • Rest of Europe
  • Further Breakdown of The APAC Market
    • India
    • China
    • Rest of APAC
  • Further Breakdown of The Rest of the World Market
    • Middle East and Africa
    • Latin America

 

Why AnalystView?

Z

Trusted Partnership

We strive to become one of the trusted partner of our client by offering value added services and concrete research data.

Y

Tailor Made Solutions

From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.

Turnaround Time

Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.

T

Data Accuracy And Reliability

We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.

Competitive Pricing

We offer most competitive pricing policy across the research industry

Client Testimonials

Asia Pacific based Chemical Industry (Privacy Requested)

Thanks AnalystView for putting a great team to work on our research projects. It was a smooth transition of knowledge and delivery was seamless. We are keen to work with you on our upcoming projects. Thank you once again for the professional attitude your team has demonstrated.

CEO, Europe based Digital Media Company (Privacy Requested)

We had confusion after receiving the final data sheet of report. As per some preliminary we already have, we believe the market is over estimated.. However, after string of calls with analyst, we found their final research analysis was methodologically sound and their work to be very professional and up […]

Managing Director, Chemical based Company, Asia Pacific (Privacy Requested)

We are happy with the way the AnalystView member understood the brief and went about executing our research project.

U.S. Headquartered Medical Device Company (Privacy Requested)

AnalystView team has done brand assessment study for blood glucose monitoring devices market, in which we want enter into….We were very impressed not only by their research skills but also by their understanding of issues relevant to our requirements…!!

Vice President, Petrochemical Firm based in China (Privacy Requested)

It was a pleasure assigning project to AnalystView; they are reliable, fast and friendly. Highly recommend this company for research workJGood stuff!

US based healthcare service provider (Privacy Requested)

Frankly, we didn’t expect much comprehensive data for the report we purchased. To be surprised, I must say the report we received was very nicely executed….It contains all the information we are looking for and satisfied with the quality of the report. Thank you team

Europe based Chemical Industry (Privacy Requested)

Just wanted to say massive thanks for all the help from the AnalystView team. We purchased two reports one is Food Safety Testing report and another one is Enzyme market. These reports have helped us build a sound knowledge base of our business segments and have taken our business to […]

Why Choose Us

We devise research report with quality data:

Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.

We work with businesses just like yours: 

AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.

Share This