Germany Intrathecal Pumps Market Size & Outlook, 2022-2030
Germany intrathecal pumps market, 2017-2030 (US$M)
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Germany intrathecal pumps market highlights
- The Germany intrathecal pumps market generated a revenue of USD 27.6 million in 2022 and is expected to reach USD 43.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.8% 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 27.6 million |
| Market revenue in 2030 | USD 43.4 million |
| Growth rate | 5.8% (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, Germany accounted for 8.1% 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 Europe, Germany intrathecal pumps market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 43.4 million by 2030.
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Intrathecal Pumps Market Scope
Intrathecal Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 32.25% in 2022. Horizon Databook has segmented the Germany 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 entities like The German Society for Spine Surgery and The Society for Spine Research in the country that deal with various aspects involved in the treatment of spine problems is expected to aid in raising awareness about spine problems and various treatment options available.
This, in turn, is expected to increase awareness regarding intrathecal pumps in spinal surgery. Moreover, the growing prevalence of spasticity in Germany is also expected to boost market growth. Spasticity is a common complication of damage caused to the spinal cord and brain.
The intracorporeal pumps system is used for continuous intrathecal Baclofen application in children and adults with spasticity of spinal origin. Around 1,200 ITB pumps systems are implanted in Germany each year. Therefore, growing awareness regarding spinal problems and usage of an intrathecal pumps in managing spasticity is expected to drive the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany intrathecal pumps market, including forecasts for subscribers. This country databook contains high-level insights into Germany intrathecal pumps market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany intrathecal pumps market size, by type, 2017-2030 (US$M)
Germany Intrathecal Pumps Market Share, 2022 & 2030 (US$M)
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