Latin America Intrathecal Pumps Market Size & Outlook
Latin America intrathecal pumps market, 2017-2030 (US$M)
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Latin America intrathecal pumps market highlights
- The Latin America intrathecal pumps market generated a revenue of USD 18.2 million in 2022.
- The market is expected to grow at a CAGR of 5.6% 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, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 18.2 million |
| Market revenue in 2030 | USD 28.1 million |
| Growth rate | 5.6% (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, Latin America region accounted for 5.3% 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 |
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Latin America 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 31.32% in 2022. Horizon Databook has segmented the Latin America intrathecal pumps market based on baclofen, bupivacaine, clonidine, morphine, ziconotide, other type covering the revenue growth of each sub-segment from 2017 to 2030.
Rise in health awareness and increase in demand for technologically advanced medical devices for long-term care are among the key factors expected to boost market growth. Furthermore, increase in funding for R&D in healthcare and rise in prevalence of cancer are some factors expected to drive the market over the forecast period.
According to an article published by Beuken-van Everdingen et al., the prevalence of cancer pain is around 43% to 63% at all stages of the disease. In 2019, the Integrated Cancer Control Initiative in Latin America (ICCI-LA) was launched, which is a comprehensive study in response to control cancer in major countries in the Latin American region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America intrathecal pumps market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America intrathecal pumps market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America intrathecal pumps market size, by country, 2017-2030 (US$M)
Latin America Intrathecal Pumps Market Share, 2022 & 2030 (US$M)
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