Middle East and Africa Intrathecal Pumps Market Key Companies and SWOT Analysis by 2028

The intrathecal pumps market in Middle East and Africa is expected to grow from US$ 18.1 million in 2021 to US$ 24.2 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.

The rise in geriatric population in developed and developing countries is driven by modernization of healthcare facilities and improvements in healthcare services, which has boosted the life expectancy in these countries. According to data by the World Health Organization (WHO) in February 2018, geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. Moreover, underdeveloped and developing countries would account for ~80% of this growth. A majority of elderly people live with chronic pain, resulting in reduced strength to perform their daily tasks. They suffer from spine and neck injuries, chronic spinal pain, neck pain, and abdominal pain; cancer; and other chronic disorders leading to pain. Therefore, the demand for pain management devices is higher among geriatric population, which is likely to boost the intrathecal pumps market growth.   

The pandemic has affected the research and development activities in these countries. Apart from this, a huge population already face a growing burden of non-communicable diseases, making them more vulnerable to the virus. Moreover, economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and have been unable to implement any public health measures and Iran was in deep economic recession due to the US sanctions. These factors are expected to negatively impact the growth of the market in the region. In addition, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, and halted production due to labor shortage are some of the major impacts observed in the region. Additionally, tightened financial condition is also decreasing the overall economic activities in the region. This uncertainty with normal delays often associated with regulatory approvals in low- and middle-income countries is hindering the growth of the market.

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 Middle East and Africa intrathecal pumps market is expected to grow at a good CAGR during the forecast period.

Middle East and Africa Intrathecal Pumps Market Segmentation         

By Type

• Constant Rate Pumps
• Programmable Pumps

By Application

•  Chronic Pain
• Spasticity Management

By Country

• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa

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.

Middle East and Africa Intrathecal Pumps Report Scope