Global Hydrocephalus Shunts Market, By Product Type (Hydrocephalus Valves, Hydrocephalus Catheters), Age Group (Pediatric, Adult), End-User (Hospitals, Ambulatory Surgical Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The hydrocephalus shunts market is expected to witness market growth at a rate of 2.57% in the forecast period of 2021 to 2028 and is expected to reach USD 356.13 million by 2028. Data Bridge Market Research report on hydrocephalus shunts market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the number of hydrocephalic patients is escalating the growth of hydrocephalus shunts market.
Hydrocephalus shunt alludes to a clinical gadget that aids the treatment of a condition in the mind where exorbitant collection of cerebrospinal liquid occurs. This condition causes expanded intracranial pressing factor in the skull. These gadgets help in soothing the tension on the cerebrum because of the fluid gathering.
The increase in the prevalence of brain and neurological disorder among consumers across the globe, acts as one of the major factors driving the growth of hydrocephalus shunts market. The rise in the inclination of neurosurgeons towards the advance programmable valves, latest technology shunts and antisiphon devices as they assist in avoiding siphon effects over cerebrospinal fluid and increase in the geriatric population accelerate the market growth. The growing cases of neurological disorders because of the congenital abnormalities and lifestyle diseases along with increase in incidences of brain and nerve injuries further influence the market. Additionally, use for controlling over-draining and under-draining issues, public awareness about diseases and treatment options and rise in in healthcare expenditure positively affect the hydrocephalus shunts market. Furthermore, product launches, product approval and increase in demand for advanced programmable valves extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, surgical and post-surgical complication such as ventriculoatrial shunt catheter tip migration that causes tricuspid regurgitation is expected to obstruct the market growth. The concerns regarding damages caused by infections and malfunctions of existing shunts are projected to challenge the in the forecast period of 2021-2028.
This hydrocephalus shunts market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hydrocephalus shunts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Hydrocephalus Shunts Market Scope and Market Size
The hydrocephalus shunts market is segmented on the basis of product type, age group and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the hydrocephalus shunts market is segmented into hydrocephalus valves and hydrocephalus catheters. Hydrocephalus valves are further segmented into adjustable pressure valves and fix pressure valves.
- On the basis of age group, the hydrocephalus shunts market is segmented into pediatric and adult.
- On the basis of end-user, the hydrocephalus shunts market is segmented into hospitals, ambulatory and surgical centers.
Global Hydrocephalus Shunts Market Country Level Analysis
The hydrocephalus shunts market is analyzed and market size insights and trends are provided by country, product type, age group and end-user as referenced above.
The countries covered in the global hydrocephalus shunts market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hydrocephalus shunts market because of the growing neurological cases, well-developed healthcare structure and rise in the health concerns within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the increase in demand of advanced treatment and surge in population in the region.
The country section of the hydrocephalus shunts market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The hydrocephalus shunts market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hydrocephalus shunts market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hydrocephalus shunts market. The data is available for historic period 2010-2019.
Competitive Landscape and Hydrocephalus Shunts Market Share Analysis
The hydrocephalus shunts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hydrocephalus shunts market.
The major players covered in the hydrocephalus shunts market report are B. Braun Melsungen AG, Medtronic, Integra LifeSciences Corporation., Spiegelberg GmbH & Co. KG ., Medical Devices Business Services, Inc., Anuncia., Fuji Systems, Kaneka Medix Corp., CHRISTOPH MIETHKE GMBH & CO. KG, G.SURGIWEAR LTD., HLL Lifecare Limited, HpBio, Natus Medical Incorporated., TKB Corporation, Sophysa, Aesculap Implant Systems, Biçakcilar, Desu Medical., Marlins Medico., Thomson Healthcare Services, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.