Pune, Maharashtra -- (SBWire) -- 12/31/2018 --Implantable Pump Catheter Market: Drivers and Restraints
Primary factors driving implantable pump catheter market include growing need for safe and effective guiding technology for PAH. Besides, rising prevalence of pulmonary arterial hypertension disease, increasing adoption of Remodulin for pulmonary arterial hypertension treatment, increase in healthcare spending, and rise in awareness, creating high potential growth opportunities for upcoming players of implantable pump and catheter. However, unawareness towards the procedure, high cost of treatment and device, and lack of reimbursement in some under developing countries are the factor limiting the growth of the global implantable pump catheter market.
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Besides, possible system complications such as tissue damage or a loss of or change in therapy, might lead to a return of underlying symptoms, drug withdrawal symptoms, serious injury, or death and might require surgery to replace or remove the pump, catheter, or catheter fragment. The pump, catheter, or catheter fragment could migrate within the body or erode through the skin. Moreover, there could be undesirable changes in therapy, possibly related to cellular changes around the tip of the catheter. Apart from this, the catheter could leak, tear, or become disconnected, resulting in delivery of medication into the area under the skin where the pump is implanted or along the catheter path. Also, the catheter could kink or become blocked resulting in no delivery of medication.
Implantable Pump Catheter Market: Segmentation
Tentatively, the global implantable pump catheter market has been segmented on the basis of end users, and geography.
Based on end user, the global implantable pump catheter market is segmented as:
Hospitals
Ambulatory Surgical Centers
Others
Implantable Pump Catheter Market: Overview
The global market for echogenic catheters is highly consolidated, and dominated by only one player in the global space. Medtronic is the only player currently offering implantable pump catheter for Remodulin for the patient suffering from pulmonary arterial hypertension. This device has been granted on December 22, 2017, after eight years of study, by the FDA. The authority granted pre-market approval (PMA) to the fully implantable system for Remodulin. This groundbreaking pump and catheter system allows patients to benefit from Remodulin while minimizing the inconvenience and risks associated with having an external intravenous catheter.
Implantable Pump Catheter Market: Regional Wise Outlook
Geographically, the global implantable pump catheter market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America and Europe is expected to be the leader in global implantable pump catheter market owing to concentration of key market players, and early adoption in the region. The market in Asia Pacific excluding Japan, China and MEA are expected to show sluggish growth during the forecast period. However, Japan is expected to show high growth owing to their high per person healthcare spending.
Implantable Pump Catheter Market: Key Players
Medtronic is the only player operating in this market. Examples of some of the major players in the global implantable pump catheter market are Medtronic, etc. Medtronic offers implantable pump along with catheter.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
Asia Pacific Excluding China & Japan (India, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC, S. Africa, Rest of MEA)
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Implantable Pump Catheter Market Growth Analyzed in a New Study
Fact.MR has announced the addition of the “ Implantable Pump Catheter Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.