North America Intrathecal Pumps Market Analysis, Size, and Share by 2028
North America 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)
- Status : Published
- Report Code : TIPRE00025345
- Category : Life Sciences
- No. of Pages : 101
- Available Report Formats :
- Last update date : October 11, 2021
2021 Market Size
US$ 137.0 Mn
Base year value
2028 Forecast
US$ 201.8 Mn
Projected by 2028
CAGR 2022-2028
5.7 %
Growth rate
Addressable Market
US$ 1,204.44 Mn
(2022-2028)
The intrathecal pumps market in North America is expected to grow from US$ 137.0 million in 2021 to US$ 201.8 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.
Many chronic disorders are becoming more prevalent among the young and adult populations. Additionally, chronic pain is also prominently caused from common conditions such as rheumatoid arthritis and certain musculoskeletal conditions arising from sports and occupational injuries. This pain aggravates person's reliance on others for daily tasks; thus, managing it becomes critical task for maintaining normalcy in routine. Intrathecal pumps provide relief for extended periods while improving health of patients. Thus, increasing prevalence of cancer and other chronic conditions is boosting the demand for intrathecal pumps, thereby driving the market growth.
The impact of coronavirus in the North American region is expected to show positive results. It is expected that the demand for pain management devices has increased among the geriatric population, as the exposure to chronic pain is more in the geriatric population due to multiple comorbidities and potential immune suppression. In addition, the demand is projected to grow among the people suffering from Covid-19 infection. Further in North America, the COVID-19 pandemic has disrupted scientific research activities significantly. Research Laboratories have been forced to shut down. Researchers have been advised to work from home. On the other hand, the outbreak of pandemic has significantly affected the supply chain of medical devices. Governments across the world have imposed a lockdown for various days. Limited production of medical devices was allowed to continue. Therefore, it is estimated that the supply of pain management devices would be very less in the region. Hence, owing to the outbreak of the Covide-19 pandemic, the market is likely to experience a slow growth rate during the forecast period.
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 North America intrathecal pumps market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
North America Intrathecal Pumps Market Segmentation
By Type
- Constant Rate Pumps
- Programmable Pumps
By Application
- Chronic Pain
- Spasticity Management
By Country
- North America
- US
- Canada
- Mexico
Companies Mentioned
- Medtronic
- Smiths Medical
- Flowonix Medical Inc.
- Teleflex Incorporated
- Johnson and Johnson Services, Inc.
- Durect Corporation
- Medallion Therapeutics, Inc.
- Abbott
- Baxter International Inc.
North America Intrathecal Pumps Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 137.0 Million |
| Market Size by 2028 | US$ 201.8 Million |
| CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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