Intrathecal Pumps Market | Global Industry Insight, Size, Share, Development and Demand Forecast to 2020
Intrathecal pumps devices are used for specific transfer of drug doses in the human body particularly, especially within spinal cord. The advancement in the accuracy of these devices has increased the demand of intrathecal pumps in recent years.
Intrathecal pumps are widely used in the treatment of patients suffering from chronic pain without any/minimal side-effects. Economic factors such as, U.S. health insurance policies have boosted the demand of the intrathecal pumps market. Moreover, with advancing technology of the intrathecal pumps, the feasibility and flexibility of these devices have also grown with the current diagnostic methods, which in-turn is driving the intrathecal pumps market. Drugs such as Baclofen and Trihexy-phenidyl, which are used for the treatment of neuro-degeneration with brain iron accumulation and dystonia are not available in oral form, and hence, the demand of technically advanced intrathecal pumps with ability to perform multiple medications via single infusion pump has increased in recent years.
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Intrathecal pumps are used extensively for the injecting specific drugs to cancer patients. According to a report published by the International Agency for Research on Cancer (IARC of WHO), the number of cancer patients has been considerably increased. About 14.1 million patients were estimated to suffer from cancer in 2012. Also, the cancer mortality rate was estimated to be about 8.2 million in the year 2012. With increasing prevalence of cancer, the intrathecal pumps market is expected to escalate in future.
Based on the various drug types, the global intrathecal pumps market can be broadly categorized as Baclofen, Hydromorphone, Morphine, Clonidine, Midazolam, Bupivacaine and others. Based on the different application of intrathecal pumps, the global intrathecal pumps market can be broadly classified into spasticity and pain management. Pain management occupied the maximum intrathecal pumps market’s share in 2014.
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Recently Flowonix Medical Inc., has launched a ‘Prometra’ intrathecal pump, featuring accurate drug delivery mechanism, dual-gated valve drug delivery and increased device longevity. Rising merger and accusation (M&A) activity and market consolidation in the global intrathecal pump market is expected to drive the intrathecal pump market during the forecast period.
Some of the major players operating in the global intrathecal pumps market include- Arrow International Medallion Therapeutics Inc., Codman & Shurtleff, Inc., Medtronic, Inc., and Flowonix, Inc., Tricumed GmbH among others.
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