Monday, May 30th, 2016 adds Global Intrathecal Pumps Market 2016-2020 a new research reports in its store. The analysts forecast global intrathecal pumps market to grow at a CAGR of 4.27% during the period 2016-2020.

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Intrathecal pumps market analyst said: "An important trend which will have a big impact on market growth is the expanding application of intathecal pumps and the ability to customize medication doses. There has been a growing usage of intrathecal pumps worldwide. The use of intrathecal medication has emerged as a feasible option for the long-term treatment of cancer-related pain. The use of this therapy has grown significantly for chronic non-cancer pain, particularly for the treatment of chronic back pain. The therapy was most commonly preferred over traditional treatment due to its effectiveness, affordability, and better results. The positive results of insulin pumps have become popular among the pain population and is gaining increased acceptance to treat chronic pain.

According to the report, a key growth driver is the favorable response from insurance companies. The healthcare insurance programs such as Medicare are driving the market. Several indications for treatment using infusion pumps are covered under this program. Morphine infusion through an external infusion pump is covered when used in the treatment of intractable pain due to cancer (in an inpatient or outpatient setting, including a hospice). An implantable infusion pump is covered under this program when used to administer anti-spasmodic drugs such as baclofen intrathecally to treat chronic intractable spasticity in people who have proven unresponsive to less invasive medical therapy. It also covers opioid drugs for the treatment of chronic intractable pain.

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The report, Global Intrathecal Pumps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Intrathecal pumps are a category of analgesic infusion pumps that deliver medication into the individual's body for pain management. The intrathecal drug delivery pump is a method of giving medication directly to the spinal cord to stop pain signals from being perceived by the brain. These pumps are small-sized implantable infusion devices. The intrathecal pumps delivery method can minimize chronic pain and trauma caused by several chronic diseases such as cancer and multiple sclerosis. It consists of small pump or reservoir that is surgically located under the skin of the abdomen and transports medication through a catheter to intrathecal space or subarachnoid space.

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The report covers the present scenario and the growth prospects of the global intrathecal pumps market for 2016-2020. To calculate the market size, analysts uses revenue generated from the sales of intrathecal pumps.

Key players in the global intrathecal pumps market: Codman & Shurtleff, Flowonix Medical, Medtronic, and Teleflex. Other Prominent Vendors in the market are: Advanced Bionics, Advance Neuromodulation System, Baxter, Boston Scientific, DJO Global, Dynacast, Inteprod, Medallion Therapeutics, Medasys, Perlong Medical Equipment, Qinhuangdao Sanwin Trading, Smiths Medical, St. Jude Medical, Stryker and Tricumed.

Further, the report states that one challenge that could hamper market growth is the limited number of approved medications that can be administered through intrathecal pumps.

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