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Asia Pacific Intrathecal Pumps Market

2021

Asia Pacific Intrathecal Pumps Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Constant Rate Pump, and Programmable Pump); Application (Chronic Pain, and Spasticity Management)

Publication Month: Oct 2021 | Report Code: TIPRE00025340 | No. of Pages: 102 | Category: Medical Device | Status: Published

Market Insights

Asia Pacific Intrathecal Pumps Market to Grow at a CAGR of 6.1% to reach US$ 106.5 million Million from 2021 to 2028

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The intrathecal pumps market in Asia Pacific is expected to grow from US$ 70.5 million in 2021 to US$ 106.5 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.


The emergence of the Internet of Things in medical devices is further supporting product innovations. The mobile applications assist well in pain management. For instance, Medtronic unveiled its SynchroMed with intent to empower patients experiencing continuous pain to quit taking systemic opioids. The implant releases drugs into the intrathecal space around the spinal line. A study published in 2015 indicated that 68% of patients with chronic pain quit taking systemic opioids in the month subsequent to receiving the implant. The rate further surged to 84% and 92% in the next one year and five years, respectively. Besides, the use of mobile applications has assisted healthcare professionals to analyze the user’s sleep and activity patterns. Using these insights, personal data related to the sensation of pain can be examined and treated.

The Asia Pacific region is affected greatly by the Covid-19 pandemic; the rise of the coronavirus has been seen from China. Countries such as China, India, and South Korea is highly affected, and thus facing a significant slowdown in their economies. The countries’ healthcare industry has badly affected; various companies have closed their manufacturing plants from China. Similarly, in India, the production of pharmaceutical drugs and personal protective equipment has been increased. In addition, due to lockdown, transportation has been closed completely, which has impacted the trade business from Asia, Europe, and North America. The medical device sector in China has faced a significant impact, as it was a manufacturing hub for various international companies. Restrictive measures have been taken to control the spread of this pandemic, however, in these measures’ cancer patients are not being treated on priority. Apart from overall health system, cancer care delivery system has been facing challenges due to coronavirus outbreak. The unfortunate outbreak of coronavirus has hindered market growth negatively.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the intrathecal pumps market. The Asia Pacific intrathecal pumps market is expected to grow at a good CAGR during the forecast period.

Get more information on this report :


Asia Pacific Intrathecal Pumps Market Segmentation

By Type

  • Constant Rate Pumps
  • Programmable Pumps

By Application

  • Chronic Pain
  • Spasticity Management

By Country

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific

Companies Mentioned

  1. Medtronic
  2. Smiths Medical
  3. Teleflex Incorporated
  4. Johnson and Johnson Services, Inc.
  5. Durect Corporation
  6. Abbott
  7. Baxter International Inc.

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Intrathecal Pumps Market – By Type

1.3.2 Intrathecal Pumps Market – By Application

1.3.3 Asia Pacific Intrathecal Pumps Market – By Country

2. Asia Pacific Intrathecal Pumps Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Asia Pacific Intrathecal Pumps Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Intrathecal Pumps Market- Asia Pacific PEST Analysis

4.3 Expert Opinion

5. Asia Pacific Intrathecal Pumps Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Prevalence of Cancer and Other Chronic Conditions

5.1.2 Advantages of Intrathecal Pumps over Oral Medications

5.1.3 Rise in Geriatric Population

5.2 Market Restraints

5.2.1 Lack of Awareness Regarding Advanced Pain Management Techniques

5.2.2 High Cost of Intrathecal Pumps

5.3 Opportunities

5.3.1 Increasing Government Support for Developments in Medical Technologies

5.4 Future Trends

5.4.1 Integration of Healthcare IT with Medical Devices

5.5 Impact Analysis

6. Intrathecal Pumps Market – Asia Pacific Analysis

6.1 Asia Pacific Intrathecal Pumps Market Revenue Forecasts and Analysis

7. Asia Pacific Intrathecal Pumps Market Analysis and Forecasts To 2028 – By Type

7.1 Overview

7.2 Intrathecal Pumps Market Revenue Share, By Type (2020 and 2028)

7.3 Constant Rate Pump

7.3.1 Overview

7.3.2 Constant Rate Pump: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Programmable Pump

7.4.1 Overview

7.4.2 Programmable Pump: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

8. Intrathecal Pumps Market Analysis – By Application

8.1 Overview

8.2 Intrathecal Pumps Market, by End Users 2020 & 2028 (%)

8.3 Chronic Pain

8.3.1 Overview

8.3.2 Chronic Pain: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Spasticity Management

8.4.1 Overview

8.4.2 Spasticity Management: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

9. Intrathecal Pumps Market Revenue and Forecasts to 2028 – Geographical Analysis

9.1 Asia Pacific: Intrathecal Pumps Market

9.1.1 Overview

9.1.2 Asia Pacific: Intrathecal Pumps Market, by Country, 2021 & 2028 (%)

9.1.2.1 China: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.1 China: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.2 China: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)

9.1.2.1.3 China: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)

9.1.2.2 Japan: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.1 Japan: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.2 Japan: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)

9.1.2.2.3 Japan: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)

9.1.2.3 India: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.1 India: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.2 India: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)

9.1.2.3.3 India: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)

9.1.2.4 South Korea: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.4.1 South Korea: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.4.2 South Korea: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)

9.1.2.4.3 South Korea: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)

9.1.2.5 Australia: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.5.1 Australia: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.5.2 Australia: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)

9.1.2.5.3 Australia: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)

9.1.3 Rest of Asia Pacific: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1 Rest of Asia Pacific: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.2 Rest of Asia Pacific Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (US$ Million)

9.1.3.3 Rest of Asia Pacific Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (US$ Million)

10. Impact Of COVID-19 Pandemic on Asia Pacific Intrathecal Pumps Market

10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 Medtronic

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Smiths Medical

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Teleflex Incorporated

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Johnson and Johnson Services, Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Durect Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Abbott

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Baxter International Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms


LIST OF TABLES

Table 1. China Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 2. China Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 3. Japan Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 4. Japan Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 5. India Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 6. India Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 7. South Korea Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 8. South Korea Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 9. Australia Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 10. Australia Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 11. Rest of Asia Pacific Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of Asia Pacific Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13. Organic Developments in the Intrathecal Pumps Market

Table 14. Inorganic Developments in the Intrathecal Pumps Market

Table 15. Glossary of Terms, Intrathecal Pumps Market


LIST OF FIGURES

Figure 1. Intrathecal Pumps Market Segmentation

Figure 2. Asia Pacific Intrathecal Pumps Market Overview

Figure 3. Constant Rate Pump Segment Held Largest Share of Type in Intrathecal Pumps Market

Figure 4. China is Expected to Show Remarkable Growth During the Forecast Period

Figure 5. Intrathecal Pumps Market - Asia Pacific PEST Analysis

Figure 6. Intrathecal Pumps Market Impact Analysis of Driver and Restraints

Figure 7. Asia Pacific Intrathecal Pumps Market – Revenue Forecasts and Analysis – 2020- 2028

Figure 8. Intrathecal Pumps Market Revenue Share, By Type (2020 and 2028)

Figure 9. Constant Rate Pump: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10. Programmable Pump: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Intrathecal Pumps Market, by End Users 2020 & 2028 (%)

Figure 12. Chronic Pain: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Spasticity Management: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Asia Pacific: Intrathecal Pumps Market, by Key Country – Revenue (2021) (USD Million)

Figure 15. Asia Pacific: Intrathecal Pumps Market, by Country, 2018 & 2027 (%)

Figure 16. China: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

Figure 17. Japan: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

Figure 18. India: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

Figure 19. South Korea: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

Figure 20. Australia: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)

Figure 21. Rest of Asia Pacific: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 23. Growth Strategies Done by the Companies in the Market, (%)

  1. Medtronic
  2. Smiths Medical
  3. Teleflex Incorporated
  4. Johnson and Johnson Services, Inc.
  5. Durect Corporation
  6. Abbott
  7. Baxter International Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific intrathecal pumps market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific intrathecal pumps market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the intrathecal pumps market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
TIPRE00025340
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