Spinal pumps market is driven by 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 propel the market growth during the forecast period. 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. Technological innovations and combination of programmable external devices with pumps that enable low medication dosages accelerates the market growth for the forecast period.
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The application segment for spinal pumps market involves pain management, spasticity, non-malignant pain and malignant pain. Pain management held a substantial share in the market growth owing to presence of large patient base suffering from chronic pain and clinical outcome.
Spinal pumps market is geographically segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to gain a higher CAGR during the forecast period due to rising healthcare infrastructure and patient awareness for treatment alternatives.
The growth is accredited to developments in healthcare infrastructure and rise in advances in hospital equipment in emerging economies. North America and Europe market is likely to gain a significant market growth during the forecast period owing to rise in healthcare facilities and potential in the market. The key players profiled in spinal pumps industry are Flowonix Medical Inc, Medtronic Plc, Teleflex Inc and DePuySynthes and Tricumed Medizintechnik GmbH.
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