Europe Intrathecal Pumps Market Size & Outlook, 2022-2030
Europe intrathecal pumps market, 2017-2030 (US$M)
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Europe intrathecal pumps market highlights
- The Europe intrathecal pumps market generated a revenue of USD 102.6 million in 2022.
- The market is expected to grow at a CAGR of 5.1% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 102.6 million |
| Market revenue in 2030 | USD 152.4 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Morphine |
| Fastest growing segment | Bupivacaine |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 30.0% of the global intrathecal pumps market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 123.9 million by 2030.
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Intrathecal Pumps Market Scope
Intrathecal Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 31.58% in 2022. Horizon Databook has segmented the Europe intrathecal pumps market based on baclofen, bupivacaine, clonidine, morphine, ziconotide, other type covering the revenue growth of each sub-segment from 2017 to 2030.
The spinal surgery market is a growing and a large market in Europe that involves technological advancements as well as events such as EUROSPINE 2019. EUROSPINE 2019 is a scientific program that offers ample opportunities regarding the treatment and research of spine conditions and to meet experts around the world.
Such events are expected to contribute to the growing knowledge regarding intrathecal pumps in managing spinal pain. In addition, growing aging population in Europe is expected to propel the adoption of spinal fusion surgeries.
For instance, in 2018, 19.7% of the European population is over 65 years of age. Moreover, increasing number of spine surgeries will boost the demand for intrathecal pumps for pain management, thereby, expected to drive the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe intrathecal pumps market, including forecasts for subscribers. This continent databook contains high-level insights into Europe intrathecal pumps market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe intrathecal pumps market size, by country, 2017-2030 (US$M)
Europe Intrathecal Pumps Market Share, 2022 & 2030 (US$M)
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