Cerebrospinal Fluid (CSF) Management Market Size to Reach USD 2.3 Billion in 2028 – Reports and Data
Rising prevalence of hydrocephalus disease worldwide is driving revenue growth of the market.
The global cerebrospinal fluid (CSF) management market size reached USD 1.58 Billion in 2020 and is expected to reach USD 2.3 Billion in 2028 and register a CAGR of 4.8% over the forecast period, according to latest analysis by Reports and Data. Rising number of people suffering from neurological diseases, surging demand for minimally invasive surgery, and rapid advancements in healthcare facilities are some of the crucial factors expected to drive global market revenue growth. Additionally, market revenue growth is further fueled by growing prevalence of hydrocephalus & subsequent ventriculomegaly across the globe. Furthermore, implementation of advanced sensors in the cerebrospinal fluid devices due to rapid advancements in technology is improving the diagnosis quality, which is another factor supporting revenue growth of the global market.
Cerebrospinal fluid (CSF) is a colorless fluid found in brain and spinal cord, aiding in delivering various nutrients to the central nervous system of the body by removing waste products. In addition, this fluid provides mechanical and immunological protection to the brain. A few factors such as growing geriatric population more prone to targeted diseases like Alzheimer’s and Parkinson’s disease, increasing awareness regarding treatment of hydrocephalus, and rapid improvement in healthcare sector in various developing countries are contributing significantly to revenue growth of the global market.
Limited availability of trained professionals, and rising complications related to CSF shunts are a few factors expected to restrain growth of the global cerebrospinal fluid (CSF) management market to a certain extent over the forecast period.
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Further key findings in the report
- Growing investment in research and development in the field of cerebrospinal fluid management is boosting revenue growth of the market.
- The shunts segment is predicted to register robust revenue CAGR in the global market going ahead owing to increasing number of revision shunt surgeries being performed due to shunt malfunction and infection.
- The pediatric segment is expected to account for largest revenue share in the global market during the forecast period. High revenue growth is attributed to growing prevalence of congenital hydrocephalus and rising number of shunting procedures performed in the pediatric population.
- Asia Pacific market is expected to register the fastest revenue CAGR in the global market over the forecast period. Revenue growth of this regional market is primarily attributed to increasing prevalence of congenital hydrocephalus in China, rising geriatric population in different countries of the region, and growing medical tourism in India and several other countries.
- Major companies operating in the market include Medtronic, Integra, DePuy Synthes,B.Braun, Spiegelberg GmbH & Co. KG, Sophysa (A subsidiary of tkb group), Natus Medical Incorporated, Dispomedica gmbh, Deltasurgical, Argi Grup, Moller Medical GMBH, G. SURGIWEAR LTD, Wellong Instruments Co., Ltd.
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For the purpose of this report, Reports and Data has segmented the global cerebrospinal fluid (CSF) management market on the basis of product, end use, and region:
Product Outlook (Revenue, USD Billion, 2018 - 2028)
- CSF Shunts
- External Drainage Systems
End Use Outlook (Revenue, USD Billion, 2018 - 2028)
- Pediatric
- Adult
- Geriatric
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Regional Outlook (Revenue, USD Billion, 2018 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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