Spinal Pumps Market To Reach USD 368.4 Million By 2026 | Reports And Data – Yahoo Finance

Spinal Pumps Market Size USD 238.2 million in 2018, Market Growth - CAGR of 5.6%, Spinal Pumps Industry Trends Product launches and research for advanced products

New York, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Technological innovations and combination of external devices with pumps, government initiatives, improving healthcare infrastructure, and the large patient base and Rise in chronic diseases in geriatric population are key factors contributing to high CAGR during the forecast period.

According to the current analysis of Reports and Data, the global Spinal pumps market was valued at USD 238.2 million in 2018 and is expected to reach USD 368.4 million by the year 2026, at a CAGR of 5.6 %. Spinal pumps are intrathecal drug delivery systems which provide anesthesia and analgesia. ITDD systems consists of a catheter attached to a pump, and the pump is an external device or an implanted system that involves therapy and drug diagnosis.

Spinal pumps market is driven by the rising prevalence of sclerosis, movement disorders, spinal and brain injuries, and cerebral palsy. Increase in geriatric population and long-term therapy comprising spinal pump devices and brain injuries is likely to boosts the industrial growth during the forecast period. A rise in chronic diseases in geriatric population and development of medical device and equipment is likely to contribute to market growth during the forecast period.

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Technological innovations and combination of external devices with pumps that enable low medication dosages accelerates the market growth for the forecast period. Favorable government initiatives, improving healthcare infrastructure, and the large patient base, is projected to support the spinal pump industrial growth in developing regions such as India and China. In November 2014, Tricumed Medizintechnik GmbH launched the implantable, programmable infusion pump for baclofen therapy. Some of the side effects, such as a fluid leak, severe skin reactions, and headache, are expected to hamper market growth.

Further key findings from the report suggest

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/spinal-pumps-market

Segments covered in the report:

For this report, Reports and Data have segmented the Spinal pumps market based on applications, end-use, and region:

Applications (Revenue, USD Million; 20162026)

End-Use (Revenue, USD Million; 20162026)

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Regional Outlook (Revenue in USD Million; 20162026)

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Spinal Pumps Market To Reach USD 368.4 Million By 2026 | Reports And Data - Yahoo Finance