India Intrathecal Pumps Market Size & Outlook, 2022-2030
India intrathecal pumps market, 2017-2030 (US$M)
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India intrathecal pumps market highlights
- The India intrathecal pumps market generated a revenue of USD 12.3 million in 2022 and is expected to reach USD 22.8 million by 2030.
- The India market is expected to grow at a CAGR of 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 12.3 million |
| Market revenue in 2030 | USD 22.8 million |
| Growth rate | 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, India accounted for 3.6% 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 Asia Pacific, Japan intrathecal pumps market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 22.8 million by 2030.
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Intrathecal Pumps Market Scope
Intrathecal Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 30.89% in 2022. Horizon Databook has segmented the India intrathecal pumps market based on baclofen, bupivacaine, clonidine, morphine, ziconotide, other type covering the revenue growth of each sub-segment from 2017 to 2030.
Around 80% of the children with cerebral palsy have spasticity. In many cases, oral medication and rehabilitative interventions help in managing spasticity, however, some patients do not respond to the same. In such cases, Intrathecal Baclofen Therapy (ITB) is considered effective.
In ITB therapy, Baclofen is directly delivered to the site of action with the help of an intrathecal pumps. Therefore, it enhances the reduction of spasticity with a tiny amount of medication. Therefore, owing to the advantages associated with ITB therapy, various medical settings in India are adopting this therapy and intrathecal pumps.
Various hospitals, such as Wockhardt Hospital Mumbai, Jaypee Hospital, New Delhi, Indian Spinal Injuries Center New Delhi, Fortis Hospital Mumbai, New Delhi, Chennai, Bangalore, and many more, provide intrathecal pumps implants in India at an affordable cost.
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Horizon Databook provides a detailed overview of country-level data and insights on the India intrathecal pumps market, including forecasts for subscribers. This country databook contains high-level insights into India intrathecal pumps market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India intrathecal pumps market size, by type, 2017-2030 (US$M)
India Intrathecal Pumps Market Share, 2022 & 2030 (US$M)
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