Hydrocephalus Market Size, Share and Trends Analysis by Type (Congenital Hydrocephalus, Acquired Hydrocephalus, Normal-Pressure Hydrocephalus, Ex-Vacuo Hydrocephalus), Diagnostic (CT scan – head, MRI, Head Ultrasound), Treatment (Surgery – Shunt Insertion, Ventriculostomy, Medication), End User (Hospitals & Clinics, Diagnostic Centres, Academic Institutions and Research Organizations) and Region - Forecast till 2023
Hydrocephalus Market Competitive Analysis:
Major industry leaders in the hydrocephalus market are B. Braun Melsungen AG (Germany), Sophysa SA (France), Spiegelberg GmbH & Co. KG (Germany), Terumo Corporation (U.S.), DePuy Synthes (U.S.), Integra LifeSciences Corporation (U.S.), Medtronic Plc (Ireland), Tokibo Co., Ltd. (Japan), Natus Medical Incorporated (U.S.), Boston Neurosciences (U.S.), HLL Lifecare Limited (India), Christoph Miethke GmbH & Co. KG (Germany), Johnson & Johnson Services Inc. (U.S.), and RAUMEDIC Inc. (Germany).
Hydrocephalus Market Overview:
The Global Hydrocephalus Industry size is estimated to balloon to USD 1,752.07 million by 2023, asserts Market Research Future (MRFR). It can exhibit 4.4% CAGR over the forecast period (2018-2023). It was previously valued at USD 1,348 million in 2017. High incidence of traumatic brain injuries owing to accidents is the primary driver of the market. Although high procedural costs of intracranial pressure (ICP) monitoring devices and lack of skilled professionals remain growth deterrents.
Increasing prevalence of traumatic brain injuries (TBI) caused by accidents is one of the major factors driving market growth. Posttraumatic hydrocephalus is a condition caused in the aftermath of BTI which can use blockage in ventricles of the brain leading to excess levels of cerebrospinal fluid (CSF). Investments in development of new shunts which can expedite the draining of CSF are likely to spur market growth.
Emergence of various neurovascular diseases such as arteriovenous malformations (AVMs) and brain aneurysm is predicted to bolster the hydrocephalus market growth. This can be attributed to the uptick of neurological conditions witnessed in Asia Pacific. Favorable reimbursement schemes which cover treatment costs coupled with the large patient pool are other factors which can foster growth.
Hydrocephalus Market Segmentation Analysis:
The hydrocephalus market is segmented by type, diagnosis, treatment, and end-user.
By type, congenital hydrocephalus held 36% share in 2017, followed by acquired hydrocephalus (31%), normal-pressure hydrocephalus (19%), and ex-vacuo hydrocephalus (14%). Congenital hydrocephalus led the hydrocephalus market owing to 55% of hydrocephalus cases turn out to be due to genetic factors. The segment can exhibit 3.65% CAGR over the forecast period to touch a value of USD 601.93 million by 2023. But the normal-pressure hydrocephalus segment can exhibit the highest CAGR of 4.92% during the assessment period to reach a size of USD 345.07 million by 2023.
By diagnosis, MRI can display 4.93% CAGR during the assessment period to reach a value of USD 659.86 million by 2023. This can be attributed to the effectiveness of MRI technology to scan malformations in the brain. On the other hand, the CT scan-head segment can display 3.86% CAGR to accrue USD 756.21 million by 2023. The application of the technology to gain the presence of the condition at an early stage in adults and infants can drive its growth.
By treatment, surgery-shunt insertion accounted for 59% market share in 2017, followed by ventriculostomy (22%), medication (12%), and others (7%). The surgery-shunt insertion segment can display 4.12% CAGR over the forecast period to generate close to USD 1,008.67 million by 2023. Factors driving segment growth include approval of shunts, efficacy of shunts in deterring the accumulation of CSF, and preference of the treatment by the elderly. On the other hand, ventriculostomy can exhibit 4.92% CAGR during the assessment period to generate close to USD 400.92 million by 2023.
By end-user, diagnostic centers can exhibit 4.92% CAGR during the assessment period to touch a value of USD 397.28 million by 2023. Hospitals & clinics can generate USD 951.56 million by 2023 at a CAGR of 4.12% CAGR throughout the forecast period.
Hydrocephalus Market Regional Analysis:
Region-wise, the hydrocephalus market includes Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). Americas held close to 36% market share in 2017, followed by Europe (32%), APAC (24%), and MEA (8%).
The Americas region had dominated the market in 2017 owing to high incidence of traumatic brain injuries (TBI) and prevalence of neurovascular diseases. It can accrue close to USD 615.79 million by 2023, at a CAGR of 3.80% over the forecast period. The growth is facilitated by development of imaging technologies and shunts which can improve the surgical outcomes.
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The APAC region can exhibit the highest CAGR of 5% during the assessment period owing to high cases of accidents which cause TBI. The latent potential of economies of China and India coupled with the large patient pool can create opportunities for equipment manufacturers to establish their units. The region can generate USD 439.36 million by 2023.
The Europe region can generate USD 555.63 million by 2023 at a CAGR of 4.61% during the forecast period. This can be attributed to improvement of hydrocephalus management, continuous development of shunts, and upskilling of neurosurgeons.
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The Global Intracranial Pressure Monitoring Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversRising cases of neurological disordersIncreasing incidence of traumatic brain injuriesRestraintsDearth of trained workforceHigh cost of deviceThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on technique and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Intracranial Pressure Monitoring Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/20905-intracranial-pressure-icp-monitoring-devices-market-reportThe report also covers the complete competitive landscape of the global Intracranial Pressure Monitoring Devices market with company profiles of key players such as:Codman & Shurtleff Inc.Integra LifeSciences Holdings CorporationMedtronic plcOrsan Medical TechnologiesRAUMEDIC AGSophysa Ltd.Spiegelberg GmbH & Co. KGVittamedA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Technique:InvasiveExternal Ventricular DrainageMicrotransducer Icp MonitoringNon-InvasiveTranscranial Doppler UltrasonographyTympanic Membrane DisplacementOptic Nerve Sheath DiameterMri/CtFundoscopyBy Applications:Traumatic Brain InjuryIntracerebral HemorrhageMeningitisSubarachnoid HemorrhageOthersBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Intracranial Pressure Monitoring Devices Market @ https://www.decisiondatabases.com/contact/download-sample-20905The Global Intracranial Pressure Monitoring Devices Market has been exhibited in detail in the following chapters -Chapter 1 Intracranial Pressure Monitoring Devices Market PrefaceChapter 2 Executive SummaryChapter 3 Intracranial Pressure Monitoring Devices Industry AnalysisChapter 4 Intracranial Pressure Monitoring Devices Market Value Chain AnalysisChapter 5 Intracranial Pressure Monitoring Devices Market Analysis By TechniqueChapter 6 Intracranial Pressure Monitoring Devices Market Analysis By ApplicationsChapter 7 Intracranial Pressure Monitoring Devices Market Analysis By GeographyChapter 8 Competitive Landscape Of Intracranial Pressure Monitoring Devices CompaniesChapter 9 Company Profiles Of Intracranial Pressure Monitoring Devices IndustryPurchase the complete Global Intracranial Pressure Monitoring Devices Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-20905Other Reports by DecisionDatabases.com:Global Anesthesia Monitoring Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Cardiac Arrhythmia Monitoring Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends And ForecastAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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Global Intra-cranial pressure (ICP) Monitor Market information, by techniques (invasive and non-invasive), by methods (intra-ventricular catheter, subdural screw, epidural sensor) by application (traumatic brain injury, intra-cerebral hemorrhage, meningitis and others), Forecast till 2027Market SynopsisMarket Research Future (MRFR) postulates that the global intracranial pressure (ICP) monitoring market is likely to exhibit 7.1% CAGR during the forecast period (2018-2024) due to the increasing prevalence of neurovascular diseases like brain aneurysm and arteriovenous malformations.
Intracranial pressure monitoring devices are especially designed to measure the pressure within the cranium which is caused by accident and trauma.
Such devices are generally used to treat traumatic brain injury.
The device helps to sense the pressure caused inside the skull and transports the measurements to a recording device.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2042 Market Potential and PitfallsWith the increasing incidences of neurovascular diseases like brain aneurysm and arteriovenous malformations, the global intracranial pressure (ICP) monitoring market is predicted to foster during the forecast period.
Moreover, the surging biotechnology sector is likely to cause a shift in the sector and result in the growth of ICP monitoring market.With the emergence of advanced ICP monitoring devices, the limitations of earlier devices like leveling and de-bubbling of fluid-filled systems and shift in baseline pressure have been eliminated.
Moreover, the upswing in cases of brain surgeries in adults as well as children has triggered the demand for ICP monitors.On the contrary, high procedural costs of such devices coupled with the dearth of skilled personnel are some of the concerns anticipated to deter the market growth in the coming years.Global Intracranial Pressure (ICP) Monitoring Market: Segmental AnalysisThe global intracranial pressure (ICP) monitoring market has been segmented on the basis of technique, route of intervention, application, device, and end-user.By mode of route of intervention, the global intracranial pressure (ICP) monitoring market has been segmented into epidural and intraventricular sensor.By mode of technique, the global intracranial pressure (ICP) monitoring market has been segmented into non-invasive and invasive.By mode of devices, the global intracranial pressure (ICP) monitoring market has been segmented into subarachnoid screw, intraventricular catheter, non-invasive ICP monitors, and epidural sensors.By mode of applications, the global intracranial pressure (ICP) monitoring market has been segmented into intracerebral hemorrhage, traumatic brain injury, meningitis, and subarachnoid hemorrhage.
