Intrathecal Pumps Market Report: Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

1
The global Intrathecal Pumps market, which was
valued at USD 319.5 million in 2021, is projected
to experience substantial growth at a CAGR of
4.9 percent during the forecast period.
Intrathecal pumps, surgically implanted devices
delivering powerful medications directly to the
spinal cord, have gained significant popularity
in chronic pain and spasticity therapy due to
their ability to administer pharmaceuticals in
extremely low doses with reduced side effects. A
number of causes, including the rising incidence
of chronic diseases including cancer, back pain,
and chronic pancreatitis, are fueling the
market's rise. According to the National Cancer
Institute, the United States had approximately
16.9 million cancer-affected patients in January
2019, leading to a surge in cancer-related
incidences, thereby boosting the demand for
intrathecal pumps. Moreover, the continuous
technological advancements in pump delivery
modalities, catheter design, and safety features
are expected to drive higher adoption rates, with
renowned companies launching new products to
enhance industry growth. Read More
https//www.fairfieldmarketresearch.com/report/int
rathecal-pumps-market One of the significant
drivers is the growing trend of intrathecal pump
manufacturers focusing on developing devices
with longer battery life, which can reduce the
need for frequent surgical replacements.
Furthermore, the rising incidence of pain
disorders, including cancer pain, is fueling the
market's expansion. Intrathecal drug delivery
offers an alternative route of administration for
analgesics, leading to better pain management
with improved bioavailability and fewer adverse
effects. However, certain challenges might hinder
market growth, such as issues related to the ITDD
system, including pharmacological, surgical,
mechanical, and patient-specific problems.
Additionally, the COVID- 19 pandemic led to
minimal impacts on the industry's growth,
primarily due to social and healthcare disruptions
causing risks for patients missing replacement
or refill visits, resulting in severe withdrawal
syndromes, especially with baclofen, potentially
leading to fatal complications. North America is
expected to dominate the global Intrathecal Pumps
market, thanks to well-developed healthcare
facilities, a robust reimbursement network, and
high investments in research and development. The
region's increasing prevalence of pain-related
disorders and cancer contributes significantly
to the demand for intrathecal pumps. Tricumed
GmbH, Medtronic plc, Novartis Gene Therapies,
Flowonix, Arrow International, Inc., Medallion
Therapeutics, and Codman Shurtleff are notable
market participants for intrathecal pumps. As the
market expands, businesses are concentrating on
cutting-edge solutions to meet the growing demand
for intrathecal pumps and address the
difficulties patients face, offering relief to
individuals who have chronic pain and
spasticity. Visit Related Articles Artillery
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