Thailand Intrathecal Pumps Market Size & Outlook, 2022-2030
Thailand intrathecal pumps market, 2017-2030 (US$M)
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Thailand intrathecal pumps market highlights
- The Thailand intrathecal pumps market generated a revenue of USD 5.7 million in 2022 and is expected to reach USD 9.7 million by 2030.
- The Thailand market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, morphine was the largest revenue generating type in 2022.
- Clonidine 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 5.7 million |
| Market revenue in 2030 | USD 9.7 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Morphine |
| Fastest growing segment | Clonidine |
| 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, Thailand accounted for 1.7% 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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Thailand 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 Thailand 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 aging population in Thailand by 2050 is expected to increase and reach 20 million. Growing aging population is expected to drive the prevalence of chronic diseases. As per WHO, 190,636 new cancer cases were recorded in Thailand; however, very few of the cancer patients suffer from cancer pain. Similarly, incidence of cerebral palsy in Thailand is low, which is around 0.61 per 1,000 live births in 2014.
However, still, there are a significant number of cerebral palsy patients to be treated in Thailand. Patients with cerebral palsy sometimes suffer from spasticity. Intrathecal pumps help in managing cancer pain and spasticity. Since the number of patients seeking chronic pain management in Thailand is comparatively low, therefore, the intrathecal pumps market in Thailand is expected to grow at a slow rate.
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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 Thailand intrathecal pumps market, including forecasts for subscribers. This country databook contains high-level insights into Thailand intrathecal pumps market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand intrathecal pumps market size, by type, 2017-2030 (US$M)
Thailand Intrathecal Pumps Market Share, 2022 & 2030 (US$M)
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