Asia Pacific 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 Asia Pacific region is affected greatly by the Covid-19 pandemic; the rise of the coronavirus has been seen from China. Countries such as China, India, and South Korea is highly affected, and thus facing a significant slowdown in their economies. The countries’ healthcare industry has badly affected; various companies have closed their manufacturing plants from China. Similarly, in India, the production of pharmaceutical drugs and personal protective equipment has been increased. In addition, due to lockdown, transportation has been closed completely, which has impacted the trade business from Asia, Europe, and North America. The medical device sector in China has faced a significant impact, as it was a manufacturing hub for various international companies. Restrictive measures have been taken to control the spread of this pandemic, however, in these measures’ cancer patients are not being treated on priority. Apart from overall health system, cancer care delivery system has been facing challenges due to coronavirus outbreak. The unfortunate outbreak of coronavirus has hindered market growth negatively.
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Market Overview and Dynamics
The Intrathecal pumps market in Asia Pacific is expected to grow from US$ 70.5 million in 2021 to US$ 106.5 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The rise in geriatric population in developed and developing countries is driven by modernization of healthcare facilities and improvements in healthcare services, which has boosted the life expectancy in these countries. According to data by the World Health Organization (WHO) in February 2018, geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. Moreover, underdeveloped and developing countries would account for ~80% of this growth. A majority of elderly people live with chronic pain, resulting in reduced strength to perform their daily tasks. They suffer from spine and neck injuries, chronic spinal pain, neck pain, and abdominal pain; cancer; and other chronic disorders leading to pain. Therefore, the demand for pain management devices is higher among geriatric population, which is likely to boost the intrathecal pumps market growth.
Key Market Segments
In terms of type, the constant rate pump segment accounted for the largest share of the Asia Pacific intrathecal pumps market in 2020. In terms of application, the chronic pain segment accounted for the largest share of the Asia Pacific 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 Asia Pacific 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, Abbott, and Baxter International Inc.
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- Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.
ASIA PACIFIC INTRATHECAL PUMPS MARKET SEGMENTATION
By Type
- Constant Rate Pumps
- Programmable Pumps
By Application
- Chronic Pain
- Spasticity Management
By Country
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Companies Mentioned
- Medtronic
- Smiths Medical
- Teleflex Incorporated
- Johnson and Johnson Services, Inc.
- Durect Corporation
- Abbott
- Baxter International Inc.
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 Asia Pacific Intrathecal Pumps Market – By Country
2. Asia Pacific Intrathecal Pumps Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Intrathecal Pumps Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Intrathecal Pumps Market- Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific 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 – Asia Pacific Analysis
6.1 Asia Pacific Intrathecal Pumps Market Revenue Forecasts and Analysis
7. Asia Pacific 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 Asia Pacific: Intrathecal Pumps Market
9.1.1 Overview
9.1.2 Asia Pacific: Intrathecal Pumps Market, by Country, 2021 & 2028 (%)
9.1.2.1 China: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.1 China: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2 China: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.1.3 China: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)
9.1.2.2 Japan: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.1 Japan: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.2 Japan: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.2.3 Japan: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)
9.1.2.3 India: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 India: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2 India: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.3.3 India: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)
9.1.2.4 South Korea: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.1 South Korea: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.2 South Korea: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.4.3 South Korea: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)
9.1.2.5 Australia: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.1 Australia: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.2 Australia: Intrathecal Pumps Market, by Type, 2019–2028 (USD Million)
9.1.2.5.3 Australia: Intrathecal Pumps, Market, by Application, 2019–2028 (USD Million)
9.1.3 Rest of Asia Pacific: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1 Rest of Asia Pacific: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.2 Rest of Asia Pacific Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (US$ Million)
9.1.3.3 Rest of Asia Pacific Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (US$ Million)
10. Impact Of COVID-19 Pandemic on Asia Pacific Intrathecal Pumps Market
10.1 Asia Pacific: 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 Teleflex Incorporated
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 Johnson and Johnson Services, Inc.
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 Durect Corporation
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 Abbott
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 Baxter International Inc.
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
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. China Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 2. China Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 3. Japan Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 4. Japan Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 5. India Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 6. India Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 7. South Korea Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 8. South Korea Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 9. Australia Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 10. Australia Intrathecal Pumps Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Asia Pacific Intrathecal Pumps Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (US$ 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. Asia Pacific Intrathecal Pumps Market Overview
Figure 3. Constant Rate Pump Segment Held Largest Share of Type in Intrathecal Pumps Market
Figure 4. China is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Intrathecal Pumps Market - Asia Pacific PEST Analysis
Figure 6. Intrathecal Pumps Market Impact Analysis of Driver and Restraints
Figure 7. Asia Pacific 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. Asia Pacific: Intrathecal Pumps Market, by Key Country – Revenue (2021) (USD Million)
Figure 15. Asia Pacific: Intrathecal Pumps Market, by Country, 2018 & 2027 (%)
Figure 16. China: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 17. Japan: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 18. India: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. South Korea: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 20. Australia: Intrathecal Pumps Market – Revenue and Forecast to 2028 (USD Million)
Figure 21. Rest of Asia Pacific: Intrathecal Pumps Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic in Asia Pacific 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.
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