Spinal Pumps Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027
Innovations in patient-controlled devices, infusion techniques, and the entry of new manufacturers are propelling the spinal pump market forward. However, the lack of randomized clinical trials for spinal pumps in the pain field is impeding their use.
Cancer pain occupies a significant market share in the spinal pumps market due to the increased adoption of infusion pumps to treat cancer pain conditions, which is responsible for the market’s growth. Over the forecast period, the hospital segment will dominate the market. However, due to recent market launches of ambulatory-based infusion pumps, ambulatory surgical centres would grow at the fastest CAGR during the forecast period.
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Spinal Pumps Market: Drivers and Restraints
The ability of spinal pumps to provide faster relief in areas where oral medications have failed to respond is one of the market drivers. Furthermore, implantable continuous pumps eliminate the possibility of drug infusion errors caused by overdosing.
The relatively low cost of the pumps also contributes significantly to rising adoption in less developed markets. Revenue growth is fueled by applicability across a wide range of indications.
The permanent nature of the pumps, which increases the likelihood of malfunctioning error once implanted, is one of the market’s barriers. The use of bolus in variable rate intrathecal pumps could result in drug overdelivery, which could result in death.
Spinal Pumps Market: Regional Overview
The market for spinal pumps is divided into seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, the Middle East, and Africa. Because of the rise in the management of cancer-related pain conditions, North America holds a sizable market share in the spinal pump market.
The Asia-Pacific market is expected to grow significantly during the forecast period due to an increase in cancer incidence in the region.
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Spinal Pumps Market: Key Players
Some of the players in the spinal pumps Smiths Group plc, Medtronic, Flowonix medical Inc., Summit Medical Products Inc., Becton, Dickinson and Company and Johnson & Johnson.
Spinal Pumps Market: Segmentation
The global spinal pumps Market is classified on the basis of product, end user, application and geography.
By product type:
- Implantable pump with continuous flow
- Implantable pump with bolus – Variable flow
By end user:
- Long Term Care Centers
- Alternate Care Centers
- Failed back syndrome
- Cancer Pain
- Reflex sympathetic dystrophy (RSDS)
- Chronic pancreatitis
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