Europe Intrathecal Pumps Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Constant Rate Pump, and Programmable Pump); Application (Chronic Pain, and Spasticity Management)
Market Introduction
An intrathecal pump is a high accuracy medical device works to relieve chronic pain by inserting small amount of medicine directly into the intrathecal space. Intrathecal space is an area surrounding the spinal cord. Intrathecal Pumps prevent the pain signals from being perceived by the brain. The pump is surgically placed under the abdominal skin and delivers pain medication through a catheter to the area around your spinal cord.
Thus, the increasing prevalence of cancer and other chronic conditions are expected to create a significant demand for intrathecal pumps in the coming years, which is further anticipated to drive the intrathecal pumps market.
The intrathecal pumps market witnessed some shortfall at the beginning of COVID-19 crisis owing to factors such as disruption in supply chain and demand due to lock down announced by majority of European countries. Due to outbreak, most industries around the world have been negatively affected. This can be attributed to various preventive lockdowns and other restrictions imposed by government authorities around the world, which have experienced major disruptions in their respective manufacturing and supply chain operations. This also applies to the Europe market for intrathecal pumps. Furthermore, consumer demand has also decreased, because the general economic conditions of most of the people have been severely affected by this epidemic, and people are now more interested in eliminating unnecessary expenses from their respective budgets. However, as the respective government authorities begin to lift these mandatory lockdowns, the Europe intrathecal pump market is expected to rebound accordingly.
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Market Overview and Dynamics
The Intrathecal pumps market in Europe is expected to grow from US$ 108.2 million in 2021 to US$ 150.5 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The emergence of the Internet of Things in medical devices is further supporting product innovations. The mobile applications assist well in pain management. For instance, Medtronic unveiled its SynchroMed with intent to empower patients experiencing continuous pain to quit taking systemic opioids. The implant releases drugs into the intrathecal space around the spinal line. A study published in 2015 indicated that 68% of patients with chronic pain quit taking systemic opioids in the month subsequent to receiving the implant. The rate further surged to 84% and 92% in the next one year and five years, respectively. Besides, the use of mobile applications has assisted healthcare professionals to analyze the user’s sleep and activity patterns. Using these insights, personal data related to the sensation of pain can be examined and treated.
Key Market Segments
In terms of type, the constant rate pump segment accounted for the largest share of the Europe intrathecal pumps market in 2020. In terms of application, the chronic pain segment accounted for the largest share of the Europe intrathecal pumps market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the intrathecal pumps market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Medtronic, Smiths Medical, Teleflex Incorporated, Johnson and Johnson Services, Inc., Durect Corporation, tricumed Medizintechnik GmbH, Abbott, and Baxter International Inc.
Reasons to buy report
- To understand the Europe Intrathecal pumps market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe Intrathecal pumps market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
EUROPE INTRATHECAL PUMPS MARKET SEGMENTATION
By Type
- Constant Rate Pumps
- Programmable Pumps
By Application
- Chronic Pain
- Spasticity Management
By Country
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Companies Mentioned
- Medtronic
- Smiths Medical
- Teleflex Incorporated
- Johnson and Johnson Services, Inc.
- Durect Corporation
- Abbott
- Baxter International Inc.
- tricumed Medizintechnik GmbH
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Intrathecal Pumps Market – By Type
1.3.2 Intrathecal Pumps Market – By Application
1.3.3 Europe Intrathecal Pumps Market – By Country
2. Europe Intrathecal Pumps Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Intrathecal Pumps Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Intrathecal Pumps Market- Europe PEST Analysis
4.3 Expert Opinion
5. Europe Intrathecal Pumps Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Cancer and Other Chronic Conditions
5.1.2 Advantages of Intrathecal Pumps over Oral Medications
5.1.3 Rise in Geriatric Population
5.2 Market Restraints
5.2.1 Lack of Awareness Regarding Advanced Pain Management Techniques
5.2.2 High Cost of Intrathecal Pumps
5.3 Opportunities
5.3.1 Increasing Government Support for Developments in Medical Technologies
5.4 Future Trends
5.4.1 Integration of Healthcare IT with Medical Devices
5.5 Impact Analysis
6. Intrathecal Pumps Market – Europe Analysis
6.1 Europe Intrathecal Pumps Market Revenue Forecasts and Analysis
7. Europe Intrathecal Pumps Market Analysis and Forecasts To 2028 – By Type
7.1 Overview
7.2 Intrathecal Pumps Market Revenue Share, By Type (2020 and 2028)
7.3 Constant Rate Pump
7.3.1 Overview
7.3.2 Constant Rate Pump: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Programmable Pump
7.4.1 Overview
7.4.2 Programmable Pump: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
8. Intrathecal Pumps Market Analysis – By Application
8.1 Overview
8.2 Intrathecal Pumps Market, by End Users 2020 & 2028 (%)
8.3 Chronic Pain
8.3.1 Overview
8.3.2 Chronic Pain: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Spasticity Management
8.4.1 Overview
8.4.2 Spasticity Management: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
9. Intrathecal Pumps Market Revenue and Forecasts to 2028 – Geographical Analysis
9.1 Europe: Intrathecal Pumps Market
9.1.1 Overview
9.1.2 Europe: Intrathecal Pumps Market, by Country, 2021 & 2028(%)
9.1.2.1 Germany: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.1 Germany: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2 Germany: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.1.3 Germany: Intrathecal Pumps Market, by Application, 2019–2028 (USD Million)
9.1.2.2 France: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.1 France: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.2 France: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.2.3 France: Intrathecal Pumps Market, by Application, 2019–2028 (USD Million)
9.1.2.3 UK: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 UK: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2 UK: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.3.3 UK: Intrathecal Pumps Market, by Application, 2019–2028 (USD Million)
9.1.2.4 Italy: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.1 Italy: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.2 Italy: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.4.3 Italy: Intrathecal Pumps Market, by Application, 2019–2028 (USD Million)
9.1.2.5 Spain: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.1 Spain: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.2 Spain: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.5.3 Spain: Intrathecal Pumps Market, by Application, 2019–2028 (USD Million)
9.1.2.6 Rest of Europe: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.6.1 Rest of Europe: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.6.2 Rest of Europe: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.6.3 Rest of Europe: Intrathecal Pumps Market, by Application, 2019–2028 (USD Million)
10. Impact Of COVID-19 Pandemic on Europe Intrathecal Pumps Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Medtronic
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Smiths Medical
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Tricumed Medizintechnik GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Teleflex Incorporated
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Johnson and Johnson Services, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Durect Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Abbott
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Baxter International Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany: Intrathecal Pumps Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 2. Germany: Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. France: Intrathecal Pumps Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 4. France: Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. UK: Intrathecal Pumps Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. UK: Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Italy: Intrathecal Pumps Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Italy: Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 9. Spain: Intrathecal Pumps Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Spain: Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Europe: Intrathecal Pumps Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Europe: Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 13. Organic Developments in the Intrathecal Pumps Market
Table 14. Inorganic Developments in the Intrathecal Pumps Market
Table 15. Glossary of Terms, Intrathecal Pumps Market
LIST OF FIGURES
Figure 1. Intrathecal Pumps Market Segmentation
Figure 2. Europe Intrathecal Pumps Market Overview
Figure 3. Constant Rate Pump Segment Held Largest Share of Type in Intrathecal Pumps Market
Figure 4. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Intrathecal Pumps Market - Europe PEST Analysis
Figure 6. Intrathecal Pumps Market Impact Analysis of Driver and Restraints
Figure 7. Europe Intrathecal Pumps Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. Intrathecal Pumps Market Revenue Share, By Type (2020 and 2028)
Figure 9. Constant Rate Pump: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Programmable Pump: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Intrathecal Pumps Market, by End Users 2020 & 2028 (%)
Figure 12. Chronic Pain: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Spasticity Management: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe: Intrathecal Pumps Market, by Key Country – Revenue (2021) (USD Million)
Figure 15. Europe: Intrathecal Pumps Market, by Country, 2021 & 2028 (%)
Figure 16. Germany: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 17. France: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 18. UK: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. Italy: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 20. Spain: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 21. Rest of Europe: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 22. Impact of COVID-19 Pandemic in European Country Markets
Figure 23. Growth Strategies Done by the Companies in the Market, (%)
- Medtronic
- Smiths Medical
- Teleflex Incorporated
- Johnson and Johnson Services, Inc.
- Durect Corporation
- Abbott
- Baxter International Inc.
- tricumed Medizintechnik GmbH
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