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North America Intrathecal Pumps Market

2021

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)

Publication Month: Oct 2021 | Report Code: TIPRE00025345 | No. of Pages: 101 | Category: Medical Device | Status: Published

Market Insights

North America Intrathecal Pumps Market to Grow at a CAGR of 5.7% to reach US$ 201.8 million Million from 2021 to 2028

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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.

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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

  1. Medtronic
  2. Smiths Medical
  3. Flowonix Medical Inc.
  4. Teleflex Incorporated
  5. Johnson and Johnson Services, Inc.
  6. Durect Corporation
  7. Medallion Therapeutics, Inc.
  8. Abbott
  9. 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 North America Intrathecal Pumps Market – By Country

2. North America Intrathecal Pumps Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Intrathecal Pumps Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Intrathecal Pumps Market- North America PEST Analysis

4.3 Expert Opinion

5. North America 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 – North America Analysis

6.1 North America Intrathecal Pumps Market Revenue Forecasts and Analysis

7. North America 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 North America: Intrathecal Pumps Market

9.1.1 Overview

9.1.2 North America: Intrathecal Pumps Market, by Country, 2021 & 2028 (%)

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

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

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

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

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

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

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

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

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

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

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

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

10. Impact Of COVID-19 Pandemic on North America Intrathecal Pumps Market

10.1 North America: 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 FLOWONIX MEDICAL INC

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 Teleflex Incorporated

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 Johnson and Johnson Services, Inc.

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 Durect Corporation

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 Medallion Therapeutics, 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

12.8 Abbott

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Baxter International Inc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms


LIST OF TABLES

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

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

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

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

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

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

Table 7. Organic Developments in the Intrathecal Pumps Market

Table 8. Inorganic Developments in the Intrathecal Pumps Market

Table 9. Glossary of Terms, Intrathecal Pumps Market


LIST OF FIGURES

Figure 1. Intrathecal Pumps Market Segmentation

Figure 2. North America Intrathecal Pumps Market Overview

Figure 3. Constant Rate Pump Segment Held Largest Share Of Type In Intrathecal Pumps Market

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

Figure 5. Intrathecal Pumps Market - North America PEST Analysis

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

Figure 7. North America 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. North America: Intrathecal Pumps Market, by Key Country – Revenue (2021) (USD Million)

Figure 15. North America: Intrathecal Pumps Market, by Country, 2021 & 2028 (%)

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

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

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

Figure 19. Impact of COVID-19 Pandemic in North American Country Markets

Figure 20. Growth Strategies Done by the Companies in the Market, (%)

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

               

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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
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