The increase in investment in research and development in the field of cerebrospinal fluid management and increasing geriatric population worldwide are key factors driving the growth of the market for managing cerebrospinal fluids. The Cerebrospinal Fluid (CSF) Management market was valued at USD 1.51 Billion in 2019 and is expected to reach USD 2.2 billion by 2027, at a CAGR of 4.7% during the forecast period.
The growth of the CSF management market is driven by factors such as the high hydrocephalus prevalence and subsequent increase in the number of shunting procedures and increased geriatric population. Worldwide, there is a significant shortage of neurophysicists and neurochirurgists. With the fast - growing aging population, the current number of neurochirurgists is insufficient to meet the demand for health care. One of the biggest limitations is the inability to produce in the required amount of time a sufficient number of trained neurosurgeons. This lack of trained neurochirurgical professionals extends to North America, Europe, Asia Pacific, Latin America, and Africa.
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The report offers a comprehensive analysis of the global Cerebrospinal Fluid (CSF) Management market on a global and regional scale. The forecast estimation have been done value chain analysis and provides an in-depth assessment of the market drivers and restraining factors along with their impact on the global market. It also covers a detailed analysis of the major market players along with an extensive overview of the expansion plans, business strategies, and product portfolio.
The main companies profiled in the report are:
Dispomedica (Germany), Sophysa (France), Spiegelberg GmbH (Germany), Medtronic plc (Ireland), Integra LifeSciences (US), B. Braun (Germany), DePuy Synthes (US), Argi Grup (Turkey), Moller Medical (Germany), Sophysa (France and others.
Further key findings from the report suggest
- The Cerebrospinal Fluid Management market was valued at USD 1.45 Billion in 2018 and is expected to reach USD 2.11 Billion by 2026, at a CAGR of 4.7% during the forecast period. The increase in investment in research and development in the field of cerebrospinal fluid management and increasing geriatric population worldwide are key factors driving the growth of the market for managing cerebrospinal fluids.
- The market for hospitals is expected to grow the largest and is estimated to reach at USD 781.5 Million in 2026, at a CAGR of 5.4%, owing to large number of in-hospital cases related to cerebrospinal fluid management in elderly population. The market for Ambulatory Surgical Centers and Diagnostic Centers is expected to grow at the highest CAGR of 6.1% during the forecast period owing to the low cost in relation with surgery in the facility.
- The market for shunts is estimated to reach USD 1065.1 Million in 2026, at a CAGR of 7.2%, during the forecast period. The increasing growth in the shunts market can be attributed primarily to the increasing number of worldwide shunting procedures and the increasing number of revision shunt surgeries.
- The market for pediatric is expected to reach USD 663.6 Million in 2026, at a CAGR of 5.8% during the forecast period. This can be attributed primarily to the high prevalence of congenital hydrocephalus in the pediatric population along with the increasing number of shunting procedures.
- The market for Asia Pacific (APAC) is expected to reach USD 634.7 Million in 2026, at a CAGR of 6.6%. Developing economies like Russia, India, Brazil, China, and South Africa are among the fastest growing hydrocephalus-based economies in the world. It is expected that the presence of such a huge patient base in this region, along with rising healthcare spending, will serve as an opportunity for players in the CSF management market.
- The key players in the market are Dispomedica (Germany), Sophysa (France), Spiegelberg GmbH (Germany), Medtronic plc (Ireland), Integra LifeSciences (US), B. Braun (Germany), DePuy Synthes (US), Argi Grup (Turkey), Moller Medical (Germany), Sophysa (France and others.
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The research report is an investigative study that offers a conclusive overview of the global Cerebrospinal Fluid (CSF) Management market through detailed market segmentation into key applications, types, and regions.
Types (Revenue, USD Million; 2016-2026)
- Shunts
- Ventriculoperitoneal Shunts
- Ventriculoatrial Shunts
- Lumboperitoneal Shunts
- Ventriculopleural Shunts
- Fixed Valve Shunts
- Adjustable Valve Shunts
- External Drainage Systems
- External Ventricular Drainage Systems
- Lumbar Drainage Systems
End Use (Revenue, USD Million; 2016-2026)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Patient Type (Revenue, USD Million; 2016-2026)
- Pediatric
- Adult
- Geriatric
The regional segmentation provides current and emerging demands and trends of the global Cerebrospinal Fluid (CSF) Management market in the key geographical regions of the world including North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The section also covers a country-wise analysis of the regions and includes:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The Global Cerebrospinal Fluid (CSF) Management Market confers a deeper understanding and an extensive overview of the Cerebrospinal Fluid (CSF) Management market. It includes Porter’s Five Forces Analysis and SWOT analysis to offer insightful fata about the competitive landscape. The study also presents an in-depth study about the market analysis, market size, growth rate, and trends. It also offers strategic recommendations to the established companies as well as new players to help them capitalize on emerging opportunities and gain a robust footing in the market.
Table of Content-
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Cerebrospinal Fluid Management Segmentation & Impact Analysis
4.1. Cerebrospinal Fluid Management Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. High hydrocephalus prevalence and subsequent increase in shunting procedures
4.2.2.2. Growing Geriatric Population
4.2.2.3. Favorable Insurance scenario
4.2.3. Market restraints analysis
Continued…
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