U.S. Intrathecal Pumps Market Size & Outlook, 2022-2030
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U.S. intrathecal pumps market highlights
- The U.S. intrathecal pumps market generated a revenue of USD 110.9 million in 2022 and is expected to reach USD 154.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.3% from 2023 to 2030.
- In terms of segment, morphine was the largest revenue generating type in 2022.
- Bupivacaine is the most lucrative type segment registering the fastest growth during the forecast period.
Intrathecal pumps market data book summary
| Market revenue in 2022 | USD 110.9 million |
| Market revenue in 2030 | USD 154.9 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Morphine |
| Fastest growing segment | Bupivacaine |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Baclofen, Bupivacaine, Clonidine, Morphine, Ziconotide, Other Type |
| Key market players worldwide | Medtronic PLC, Smiths Group PLC, Teleflex Inc, Johnson & Johnson, Medallion Therapeutics, Tricumed Medical Technology, Arrow International Inc, Flowonix |
Other key industry trends
- In terms of revenue, U.S. accounted for 32.4% of the global intrathecal pumps market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. intrathecal pumps market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 154.9 million by 2030.
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Intrathecal Pumps Market Scope
Intrathecal Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Flowonix | View profile | 51-100 | Budd Lake, New Jersey, United States, North America | http://www.flowonix.com |
| Arrow International Inc | View profile | 1001-5000 | Lake Geneva, Wisconsin, United States, North America | http://www.arrowintl.com |
| Tricumed Medical Technology | View profile | 11-50 | Kiel, Schleswig-Holstein, Germany, Europe | https://www.tricumed.de |
| Medallion Therapeutics | View profile | 11-50 | Valencia, California, United States, North America | http://medalliontx.com |
| Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
| Teleflex Inc | View profile | 14500 | 550 East Swedesford Road, Suite 400, Wayne, PA, United States, 19087 | https://www.teleflex.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
U.S. intrathecal pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intrathecal pumps market will help companies and investors design strategic landscapes.
Morphine was the largest segment with a revenue share of 31.65% in 2022. Horizon Databook has segmented the U.S. intrathecal pumps market based on baclofen, bupivacaine, clonidine, morphine, ziconotide, other type covering the revenue growth of each sub-segment from 2017 to 2030.
Presence of a large patient pool for spinal surgery in the U.S. is expected to drive the demand for intrathecal pumps in the country. Therefore, market players focus on addressing the growing demand by launching intrathecal pumps.
In February 2020, Flowonix Medical received market approval from the U.S. FDA for Prometra II used with intrathecal baclofen. The pumps uses a valvegated, pressure-driven mechanism for delivering medicine into the intrathecal space.
In addition, market players are also focusing on developing software that can help clinicians in effectively managing targeted drug delivery through intrathecal pumps. In January 2020, Medtronic launched cloud-based data management software Efficio for SynchroMed II, which helps in connecting patient dosing trends for providing better management therapy.
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Our clientele includes a mix of intrathecal pumps market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. intrathecal pumps market, including forecasts for subscribers. This country databook contains high-level insights into U.S. intrathecal pumps market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. intrathecal pumps market size, by type, 2017-2030 (US$M)
U.S. Intrathecal Pumps Market Share, 2022 & 2030 (US$M)
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