spinal pumps market Trends
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The spinal pumps market which was USD 284.50 billion in 2021, would rocket up to USD 456.88 million by 2029, and is expected to undergo a CAGR of 6.10% during the forecast period 2022 to 2029
Spinal Pumps Market Dynamics
Drivers
- Government initiatives in implementing spinal pumps in pain management
The region's market is predicted to be driven by the presence of a significant number of health-care organisations, encouraging government attempts to utilise spinal pumps in pain management, and constantly refining reimbursement scenarios.
- Technological innovations
With technical advancements such as the introduction of programmable external devices with pumps that allow for the regulated release of low pharmaceutical dosages, the demand for these pain-relieving solutions is expected to increase.
- Innovative technologies including targeted drug delivery systems
These advanced pain treatment options are based on cutting-edge technologies such as targeted drug delivery systems (DDS), which allow for effective pain targeting, micro-dose infusions, which reduce drug pharmacodynamic effects, and patient-controlled devices, which give patients more control over their treatment.
Opportunities
Painful spasticity, such as that observed in multiple sclerosis, is also treated with spinal pumps. Furthermore, advances in spinal pumps have considerably reduced the occurrence of adverse effects commonly associated with oral and intravenous drug administration. Higher therapeutic efficacy achieved with sustained release of smaller drug dosages via spinal pumps is expected to create considerable potential for enterprises during the projected period.
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Market Definition
Spinal pumps use an implanted pump to deliver pain medicine directly to the intrathecal area around the spinal cord. During the forecast period, technological improvements such as coupling programmable external devices with pumps that enable regulated release of small amounts of medication are expected to drive demand for these pain alleviating solutions. Additionally, spinal pumps are utilised to manage chronic pain associated with osteoporosis and pain associated with failed back surgery.
Global Spinal Pumps Market Scope
The spinal pumps market is segmented on the basis of product type, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Implantable pump with continuous flow
- Implantable pump with bolus-Variable flow
Application
- Spasticity Management
- Pain Management
- Non-Malignant Pain
- Malignant Pain
End-user
- Hospitals
- ASCs
- Clinics
- Long Term Care Centres
- Alternate Care Centres
Competitive Landscape and Spinal Pumps Market Share Analysis
The spinal pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to spinal pumps market.
Some of the major players operating in the spinal pumps market are:
- Medtronic (Ireland)
- Title: Global, Inc. (U.S)
- Tricube Tricube GmbH (Germany)
- Deputy Synthes (U.S)
- Teleflex, Incorporated (U.S)
- Smith’s Group Plc (U.K)
- Johnson & Johnson Private Limited (U.S)
- BD (U.S)
- Tricube Tricube GmbH (Germany)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Dynamics
- Chapter Three: Market Definition
- Chapter Four: Market Scope
- Chapter five: Market Share Analysis
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