Middle East and Africa Intrathecal Pumps Market

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 pandemic has affected the research and development activities in these countries. Apart from this, a huge population already face a growing burden of non-communicable diseases, making them more vulnerable to the virus. Moreover, economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and have been unable to implement any public health measures and Iran was in deep economic recession due to the US sanctions. These factors are expected to negatively impact the growth of the market in the region. In addition, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, and halted production due to labor shortage are some of the major impacts observed in the region. Additionally, tightened financial condition is also decreasing the overall economic activities in the region. This uncertainty with normal delays often associated with regulatory approvals in low- and middle-income countries is hindering the growth of the market.

Middle East and Africa Intrathecal Pumps Strategic Insights

Strategic insights for the Middle East and Africa Intrathecal Pumps provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Intrathecal Pumps Report Scope

Middle East and Africa Intrathecal Pumps Regional Insights

The geographic scope of the Middle East and Africa Intrathecal Pumps refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Intrathecal pumps market in Middle East and Africa is expected to grow from US$ 18.1 million in 2021 to US$ 24.2 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028. When compared to oral medicines, intrathecal pumps require much less medication. Pain pumps require around 1/300 the quantity of medicine required by oral meds. Advances in technology, such as the ability of a pump to deliver medicines directly to the site of most need, greater potency, reduced systemic exposure, and the amount necessary to provide the desired pharmacologic effect, are projected to drive market expansion.     

Key Market Segments

In terms of type, the constant rate pump segment accounted for the largest share of the Middle East and Africa intrathecal pumps market in 2020. In terms of application, the chronic pain segment accounted for the largest share of the Middle East and Africa 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 Middle East and Africa 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.

Reasons to buy report

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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East and Africa Intrathecal pumps market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East and Africa region.

MIDDLE EAST AND AFRICA INTRATHECAL PUMPS MARKET SEGMENTATION

By Type

• Constant Rate Pumps
• Programmable Pumps

By Application

•  Chronic Pain
• Spasticity Management

By Country

• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa

Companies Mentioned

1. Medtronic
2. Smiths Medical
3. Teleflex Incorporated
4. Johnson and Johnson Services, Inc.
5. Durect Corporation
6. Abbott
7. Baxter International Inc.