South and Central America 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.
Brazil, Argentina, Peru, Chile, Uruguay, Colombia is affected by the second wave of corona infection. Amongst which Brazil has recorded the majority of the deaths. It is expected that the region is likely to impose a second lockdown, which will ultimately hamper the healthcare industry in the area. Countries in Brazil and Argentina are among the top destinations in the world for aesthetic procedures. However, the outbreak of COVID–19 has severely impacted the flow of medical services in the region. In addition, the countries are famous for medical tourism, which is also affected by the pandemic. Brazil, Argentina, Peru, Chile, Uruguay, Colombia is affected by the second wave of corona infection.
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Market Overview and Dynamics
The Intrathecal pumps market in South and Central America is expected to grow from US$ 23.6 million in 2021 to US$ 30.2 million by 2028; it is estimated to grow at a CAGR of 3.6% 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 South and Central America intrathecal pumps market in 2020. In terms of application, the chronic pain segment accounted for the largest share of the South and Central America 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 South and Central America 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
- To understand the South and Central America Intrathecal pumps market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for South and Central America Intrathecal pumps market
- Efficiently plan M&A and partnership deals in South and Central America Intrathecal pumps market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South and Central America Intrathecal pumps market
- Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.
SOUTH AND CENTRAL AMERICA INTRATHECAL PUMPS MARKET SEGMENTATION
By Type
- Constant Rate Pumps
- Programmable Pumps
By Application
- Chronic Pain
- Spasticity Management
By Country
- South and Central America
- Brazil
- Argentina
- Rest of South and Central America
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 South and Central America Intrathecal Pumps Market – By Country
2. South and Central America Intrathecal Pumps Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South and Central America Intrathecal Pumps Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Intrathecal Pumps Market- South and Central America PEST Analysis
4.3 Expert Opinion
5. South and Central America 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 – South and Central America Analysis
6.1 South and Central America Intrathecal Pumps Market Revenue Forecasts and Analysis
7. South and Central America 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 South and Central America: Intrathecal Pumps Market
9.1.1 Overview
9.1.2 South and Central America: Intrathecal Pumps Market Share by Country – 2021 & 2028, (%)
9.1.2.1 Brazil: Intrathecal Pumps Market- Revenue and Forecasts To 2028 (USD Million)
9.1.2.1.1 Brazil: Intrathecal Pumps Market- Revenue and Forecasts To 2028 (USD Million)
9.1.2.1.2 Brazil Intrathecal Pumps Market, By Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.3 Brazil Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
9.1.2.2 Argentina: Intrathecal Pumps Market- Revenue and Forecasts To 2028 (USD Million)
9.1.2.2.1 Argentina: Intrathecal Pumps Market- Revenue and Forecasts To 2028 (USD Million)
9.1.2.2.2 Argentina Intrathecal Pumps Market, By Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.3 Argentina Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
9.1.2.3 Rest of South and Central America: Intrathecal Pumps Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 Rest of South and Central America: Intrathecal Pumps Market - Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2 Rest of South and Central America Intrathecal Pumps Market, By Type – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.3 Rest of South and Central America Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
10. Impact Of COVID-19 Pandemic on South and Central America Intrathecal Pumps Market
10.1 South and Central America: 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. Brazil Intrathecal Pumps Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 2. Brazil Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. Argentina Intrathecal Pumps Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Rest of South and Central America Intrathecal Pumps Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Rest of South and Central America Intrathecal Pumps Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Organic Developments in the Intrathecal Pumps Market
Table 8. Inorganic Developments in the Intrathecal Pumps Market
Table 9. Glossary of Terms, Intrathecal Pumps Market
LIST OF FIGURES
Figure 1. Intrathecal Pumps Market Segmentation
Figure 2. South and Central America Intrathecal Pumps Market Overview
Figure 3. Constant Rate Pump Segment Held Largest Share of Type in Intrathecal Pumps Market
Figure 4. Brazil is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Intrathecal Pumps Market - South and Central America PEST Analysis
Figure 6. Intrathecal Pumps Market Impact Analysis of Driver and Restraints
Figure 7. South and Central America 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. South and Central America: Intrathecal Pumps Market, By Key Country – Revenue (2021) (USD Million)
Figure 15. South and Central America: Intrathecal Pumps Market Share by Country – 2021 & 2028, (%)
Figure 16. Brazil: Intrathecal Pumps Market- Revenue and Forecasts To 2028 (USD Million)
Figure 17. Argentina: Intrathecal Pumps Market- Revenue and Forecasts To 2028 (USD Million)
Figure 18. Rest of South and Central America: Intrathecal Pumps Market - Revenue and Forecast to 2028 (USD Million)
Figure 19. Impact of COVID-19 Pandemic in South and Central America Country Markets
Figure 20. 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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- Scrutinize in-depth South and Central America market trends and outlook coupled with the factors driving the intrathecal pumps market, as well as those hindering it
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