IMARC Group has recently released a new research study titled “Hydrocephalus Shunts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022–2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the hydrocephalus shunts industry?
The global hydrocephalus shunts market reached a value of US$ 412.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 540.4 Million by 2027 exhibiting a growth rate (CAGR) of 4.20% during 2022–2027.
What are hydrocephalus shunts?
Hydrocephalus shunts are medical devices used to treat a condition that occurs when cerebrospinal fluid (CSF) builds up in the ventricles of the brain. They are commonly available in catheters, adjustable pressure valves, and fixed pressure valve variants. These devices comprise an inflow or proximal catheter that drains CSF from the lateral ventricles, a valve mechanism that regulates intracranial pressure by controlling fluid flow, and an outflow or distal catheter that runs under the skin and directs CSF. In addition, they are placed into the brain to relieve the tension on the cerebrum that returns the brain’s enlarged ventricles to their actual size. Owing to these properties, hydrocephalus shunts are widely adopted across the healthcare sector.
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Year considered to estimate the market size:
- Base year of the analysis: 2021
- Historical period: 2016–2021
- Forecast period: 2022–2027
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What are the major market drivers in the hydrocephalus shunts market?
The market is primarily driven by the increasing prevalence of brain and neurological disorders among individuals, especially the geriatric population. Hydrocephalus shunts are extensively used due to the rising occurrence of congenital abnormalities, brain and nerve injuries, accidents leading to central nervous system (CNS) defects, and lifestyle diseases. In addition, the escalating product demand to treat hydrocephalus among infants that could lead to enlargement of the head and damage to the brain represents another significant growth-inducing factor.
Moreover, various technological advancements, including the development of anti-siphon devices that assist in avoiding siphon effects over cerebrospinal fluid and programmable valves for controlling the flow of cerebrospinal fluid to prevent it from moving in the wrong direction are providing a positive thrust to market growth. Furthermore, the developing healthcare industry and the implementation of various government initiatives to spread awareness regarding hydrocephalus shunts are anticipated to propel market growth.
List of Major Key Players:
Argi Group, B. Braun Melsungen AG, Christoph Miethke GmbH & Co. KG, G. Surgiwear Ltd., HLL Lifecare Limited, Integra LifeSciences, Kaneka Medix Corporation (Kaneka Corporation), Medtronic Plc, Natus Medical Incorporated, Sophysa, Spiegelberg GmbH & Co. KG (SHS Medizintechnik Holding GmbH) and TKB Corporation.
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Key Market Segmentation:
The report has segmented the market on the basis of region, type, product type, age group and end user.
Breakup by Type:
- Ventriculo-Peritoneal
- Ventriculo-Atrial
- Ventriculo-Pleural
- Lumbo-Peritoneal
Breakup by Product Type:
· Hydrocephalus Valves
o Adjustable Pressure Valves
o Fix Pressure Valves
· Hydrocephalus Catheters
Breakup by Age Group:
- Infants
- Children
- Adults
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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