Intrathecal pumps market expected to reach usd 0 26 billion globally in 2020

Transparency Market Research Intrathecal Pumps Market - Global Industry Analysis, Size, Share, Procedures, Growth, Trends and Forecast, 2014 - 2020

Published Date

72 Page Report

19-Aug-2014 Request Sample

Buy Now

Press Release

Intrathecal Pumps Market Expected to Reach USD 0.26 Billion Globally in 2020

Transparency Market Research State Tower, 90, State Street, Suite 700.

Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com

Intrathecal Pumps Market

REPORT DESCRIPTION

Intrathecal Pumps Market - Global Industry Analysis, Size, Share, Procedures, Growth, Trends and Forecast, 2014 - 2020 According to a new market report published by Transparency Market Research “Intrathecal Pumps Market Global Industry Analysis, Size, Share, Procedures, Growth, Trends and Forecast, 2014 - 2020,� the global intrathecal pumps market was valued at USD 0.19 billion in 2013 and is expected to grow at a CAGR of 4.1% from 2014 to 2020, to reach an estimated value of USD 0.26 billion in 2020.

Intrathecal pumps are implantable infusion devices, miniature in size and are surgically placed under the skin of the abdomen. These intrathecal pumps deliver medication through a small flexible tube called catheter, to the spine. These pumps are capable of delivering precise dose of medication from one or any combination of reservoirs without complex pumping and are generally opted when a patient seeks long term medication and other alternatives are costly or less effective. A drug can be infused over an extended period of time and can be delivered at constant or variable rates by regulating the implantable infusion pump as per physician specifications. The drug reservoir is refilled with the help of an external needle injection via a self-sealing septum in the implantable infusion pump.

We are currently offering a flat 15% discount on all purchases until end of the March 2015:http://www.transparencymarketresearch.com/intrathecal-pumps-market.html The global intrathecal pumps market can be categorized into two major applications: pain and spasticity management. Pain management accounts for the largest share in the intrathecal pumps market, followed by spasticity management. It is expected that the global market for pain management will grow at a CAGR of over 4% from 2014 to 2020. According to the data provided by the International Agency for Research on Cancer (IARC), the number of cancer patients in 2012 rose to 14.1 million new cases in 2012 and the number of deaths due to cancer was estimated to be approximately 8.2 million. With such large magnitude of the disease, there is substantial need for infusion systems to treat cancer pain. Hence, the intrathecal pumps market is expected to grow further as more and more drugs demonstrate safety and efficacy.

Transparency Market Research

2

Intrathecal Pumps Market

With technological up gradation, researchers have successfully developed and manufactured infusion pumps that can deliver multiple medications via a single infusion pump such as use of morphine in treating nociceptive pain and bupivacaine in treating neuropathic pain. The use of multiple medications in a single drug reservoir may bring in drug stability issues and a complex dosing challenge with respect to varying concentration and administration rates for each drug. Thus, many more product modifications are still required to assure precise and accurate drug administration with minimal error rates.

Geographically, North America is the dominant regional market for intrathecal pumps with almost half of the market share, followed by Europe accounting for around 30% share due to large patient base suffering from chronic pain. The positive reimbursement scenario for these devices in the U.S. contributed significantly to the growth of the market. The intrathecal pumps market in North America is expected to grow at a CAGR of more than 3.5% during the forecast period from 2014 to 2020.

Emerging nations such as India, China, and Brazil offer immense opportunities for the growth of the intrathecal infusion pumps market. Some major factors responsible are growing economy and strengthening insurance policies. The economic growth in these developing countries is expected to enhance disposable income of the patient population and in turn increase the healthcare expenditures. It has also helped increase healthcare infrastructure investments in several countries which will intensify growth of hospital equipment in most countries. Government of these nations in collaboration with private insurance companies are focusing towards improving healthcare coverage in order to support access to better healthcare facilities.

If safety issues concerned with the devices can be controlled and curbed, the market for implantable infusion pumps is likely to grow exponentially in the future as Medtronic, till its recall in 2013, sold almost 140,000 Synchromed Pumps which were mostly used in pain management. It is estimated that 116 million people in the U.S. suffer from chronic pain, which in many cases is not adequately controlled with pain management drugs, including oral narcotic agents and others. This will create growth opportunity for device manufacturers in terms of sales and revenue. The competition in this market is characterized by market consolidation activities, partnerships and intensive mergers and acquisitions. Intrathecal pumps market is dominated by few major players such as Medtronic, Inc., Codman & Shurtleff, Inc. and Flowonix, Inc. Other players in the intrathecal pumps market are Arrow International, Inc., Tricumed GmbH and Medallion Therapeutics, Inc. Get Sample Report Copy with TOC and Market Research :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1599

Transparency Market Research

3

Intrathecal Pumps Market

The global intrathecal pumps market is segmented as follows: Intrathecal Pumps Market, by Application Pain Management

•

North America

•

U.S.

•

Canada

•

Europe

•

Asia Pacific

•

Rest of the World

Spasticity Management

•

North America

•

U.S.

•

Canada

•

Europe

•

Asia Pacific

•

Rest of the World

Browse Full Press Release of This Report:http://www.transparencymarketresearch.com/pressrelease/intrathecal-pumps-market.htm

TABLE OF CONTENT

Transparency Market Research

4

Intrathecal Pumps Market

Chapter 1 Introduction 1.1 Report Description 1.2 Market Segmentation 1.3 Research Methodology 1.3.1 Secondary Research 1.3.2 Primary Research 1.3.3 List of Abbreviations 1.3.4 Assumptions and Stipulations Chapter 2 Executive Summary 2.1 Market Snapshot: Global Intrathecal Pumps Market 2.2 Global Intrathecal Pumps Market, by Geography, 2013 (USD Million) 2.3 Comparative Analysis: Global Intrathecal Pumps Market, by Geography, 2013 & 2020 (Value %) Chapter 3 Global Intrathecal Pumps Market Overview 3.1 Overview 3.2 Pain Management versus Spasticity Management using Intrathecal Infusion Pumps 3.3 Market Dynamics 3.3.1 Market Drivers 3.3.1.1 Increasing patient base affected with chronic pain and cancer is expected to boost the demand for intrathecal infusion pumps 3.3.1.2 Technologically advanced products with improved features leading to increased adoption of intrathecal pumps 3.3.2 Market Restraints

Transparency Market Research

5

Intrathecal Pumps Market

3.3.2.1 Product recalls from major companies may have a set back on the demand for intrathecal infusion pumps 3.3.2.2 Patient Protection and Affordable Care Act (PPACA) imposing an excise tax on medical devices may hinder the market growth 3.3.3 Market Opportunities 3.3.3.1 Emerging nations offer immense opportunities to manufacturers operating in the intrathecal infusion pumps market 3.4 Porter’s Five Forces Analysis: Global Intrathecal Pumps Market 3.4.1 Bargaining Power of Suppliers 3.4.2 Bargaining Power of Buyers 3.4.3 Threat from New Entrants 3.4.4 Threat from Substitutes 3.4.5 Competitive Rivalry 3.5 Market Share of Drugs Administered through Intrathecal Pumps, 2013 (Value %) 3.5.1 Baclofen 3.5.2 Morphine 3.5.3 Hydromorphone 3.5.4 Clonidine 3.5.5 Bupivacaine 3.5.6 Midazolam 3.5.7 Sufentanil 3.5.8 Others (ziconotide, midazoalm, fentanyl, methadone, oxycodone, tramadol, tapentadol)

Transparency Market Research

6

Intrathecal Pumps Market

3.5.9 Methodology 3.5.10 Analysis Chapter 4 Global Intrathecal Pumps Market Revenue & Procedures, by Application 4.1 Introduction 4.1.1 Comparative Analysis: Global Intrathecal Pumps Market, by Geography, 2013 & 2020 (Value %) 4.2 Payer Breakdown for Intrathecal Pumps in North America for Pain and Spasticity 4.2.1 North America Payer Breakdown for Intrathecal Pumps 4.2.2 Public Health Insurance Payers 4.2.3 Private Health Insurance Payers 4.2.4 Out of Pocket Payers 4.2.5 Other Payers 4.2.6 Uninsured Individuals 4.3 Global Intrathecal Pumps Market Revenue & Procedures for Pain Management 4.3.1 North America 4.3.1.1 North America Intrathecal Pumps Market Revenue, for Pain Management, 2012 – 2020 (USD Million) 4.3.1.2 North America Intrathecal Pumps Market Procedures, for Pain Management, 2012 – 2020 (Number of Procedures) 4.3.1.3 United States 4.3.1.3.1 U.S Intrathecal Pumps Market Revenue, for Pain Management, 2012 – 2020 (USD Million) 4.3.1.3.2 U.S. Intrathecal Pumps Market Procedures, for Pain Management, 2012 – 2020 (Number of Procedures)

Transparency Market Research

7

Intrathecal Pumps Market

4.3.1.4 Canada 4.3.1.4.1 Canada Intrathecal Pumps Market, for Pain Management, 2012- 2020 (USD Million) 4.3.1.4.2 Canada Intrathecal Pumps Market Procedures, for Pain Management, 2012 – 2020 (Number of Procedures) 4.3.2 Europe 4.3.2.1 Europe Intrathecal Pumps Market Revenue, for Pain Management, 2012 – 2020 (USD Million) 4.3.2.2 Europe Intrathecal Pumps Market Procedures, for Pain Management, 2012 – 2020 (Number of Procedures) 4.3.3 Asia Pacific 4.3.3.1 Asia Pacific Intrathecal Pumps Market Revenue, for Pain Management, 2012 – 2020 (USD Million) 4.3.3.2 Asia Pacific Intrathecal Pumps Market Procedures, for Pain Management, 2012 – 2020 (Number of Procedures) 4.3.4 Rest of the World 4.3.4.1 Rest of the World Intrathecal Pumps Market Revenue, for Pain Management, 2012 – 2020 (USD Million) 4.3.4.2 Rest of the World Intrathecal Pumps Market Procedures, for Pain Management, 2012 – 2020 (Number of Procedures) 4.4 Global Intrathecal Pumps Market Revenue & Procedures for Spasticity Management 4.4.1 North America 4.4.1.1 North America Intrathecal Pumps Market Revenue, for Spasticity Management, 2012 – 2020 (USD Million)

Transparency Market Research

8

Intrathecal Pumps Market

4.4.1.2 North America Intrathecal Pumps Market Procedures, for Spasticity Management, 2012 – 2020 (Number of Procedures) 4.4.1.3 United States 4.4.1.3.1 U.S. Intrathecal Pumps Market Revenue, for Spasticity Management, 2012 – 2020 (USD Million) 4.4.1.3.2 U.S. Intrathecal Pumps Market Procedures, for Spasticity Management, 2012 – 2020 (Number of Procedures) 4.4.1.4 Canada 4.4.1.4.1 Canada Intrathecal Pumps Market Revenue, for Spasticity Management, 2012 – 2020 (USD Million) 4.4.1.4.2 Canada Intrathecal Pumps Market Procedures, for Spasticity Management, 2012 – 2020 (Numbrer of Procedures) 4.4.2 Europe 4.4.2.1 Europe Intrathecal Pumps Market Revenue, for Spasticity Management, 2012 – 2020 (USD Million) 4.4.2.2 Europe Intrathecal Pumps Market Procedures, for Spasticity Management, 2012 – 2020 (Number of Procedures) 4.4.3 Asia Pacific 4.4.3.1 Asia Pacific Intrathecal Pumps Market Revenue, for Spasticity Management, 2012 – 2020 (USD Million) 4.4.3.2 Asia Pacific Intrathecal Pumps Market Procedures, for Spasticity Management, 2012 – 2020 (Number of Procedures) 4.4.4 Rest of the World 4.4.4.1 Rest of the World Intrathecal Pumps Market Revenue & Procedures, for Spasticity Management, 2012 – 2020 (USD Million)

Transparency Market Research

9

Intrathecal Pumps Market

4.4.4.2 Rest of the World Intrathecal Pumps Market Procedures, for Spasticity Management, 2012 – 2020 (Number of Procedures) Chapter 5 Recommendations 5.1 Focus on developing technically advanced infusion systems with innovative features and fewer errors 5.2 Focus on emerging markets in Asia-Pacific and Latin America Chapter 6 Company Profiles 6.1 Arrow International, Inc. 6.1.1 Company Overview 6.1.2 Financial Overview 6.1.3 Product Portfolio 6.1.4 Business Strategies 6.2 Codman & Shurtleff, Inc. 6.2.1 Company Overview 6.2.2 Financial Overview 6.2.3 Product Portfolio 6.2.4 Business Strategies 6.2.5 Recent Developments 6.3 Flowonix, Inc. 6.3.1 Company Overview 6.3.2 Financial Overview 6.3.3 Product Portfolio 6.3.4 Business Strategies

Transparency Market Research

10

Intrathecal Pumps Market

6.3.5 Recent Developments 6.4 Medtronic, Inc. 6.4.1 Company Overview 6.4.2 Financial Overview 6.4.3 Product Portfolio 6.4.4 Business Strategies 6.4.5 Recent Developments Browse All Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us

Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.

We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact

Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030

Transparency Market Research

11

Intrathecal Pumps Market

USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ Browse The Market Research Blog : http://researchreportsindustry.wordpress.com/

Transparency Market Research

12