pumps market was valued at USD 199.8 million in 2013, and is
expected to grow at a CAGR of 4.1% to reach an estimated value of
264.8 million by 2020.
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The global intrathecal pumps market is witnessing healthy growth
amidst the frequent product recalls. Driving factor for the market
growth is the device’s ability to reduce debilitating pain and drug
administration in low doses. This benefits patients with lesser side
effects and more rapid therapeutic effects compared to other forms of
medication. Chronic pain affecting approximately 20% to 30% of the
U.S. population is the largest driver for intrathecal pumps. The
prevalence of chronic pain is also severe in other parts of the world. In