Cerebrospinal Fluid Management Market Size Worth USD 2.00 Billion by 2027 | Industry Trend – Rise in Implementation of Advanced Sensors in Cerebrospinal Fluid Devices

The global Cerebrospinal Fluid Management Market is forecasted to be worth USD 2.00 Billion by 2027, according to a current analysis by Emergen Research. The rising prevalence of hydrocephalus among the worldwide population is anticipated to propel the market growth over the forecast period. Since 2000, over 370,000 American service embers have suffered a TBI (traumatic brain injury), one of the factors of hydrocephalus. It is anticipated that 14.0% of those who have had an extreme brain injury cause hydrocephalus. Besides, the rising incidence of tumors, infectious diseases, and brain hemorrhages among the pediatric population is expected to further drive the market growth.

 

The treatment of hydrocephalus is a complex process that requires high precision devices to gain the success rate. This has resulted in implementing advanced sensors in cerebrospinal fluid management devices, which is expected to propel the demand for this technology shortly.

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Key Highlights From The Report

  • In July 2019, Integra LifeSciences Corporation purchased Arkis Biosciences Inc. This deal would boost the role of Integra as the global leader in advanced catheter technology and extend its neurocritical care service.
  • With a CAGR of 4.6%, the shunts and valve sub-segment is expected to dominate the market because this technique allows medical practitioners to quickly obtain samples of cerebrospinal fluid.
  • The paediatric sub-segment held the largest market with a 51.5% share in 2019 due to the growing prevalence of neurological disorders in newborns. On the other hand, the geriatric segment is expected to experience significant growth over the projected timeframe due to the growing ageing population affected by hydrocephalus.
  • The hospital sector is expected to dominate the market over the estimated timeframe, as cerebrospinal fluid instruments are used in brain surgery and treatment of traumatic brain injury.
  • Because of the growing prevalence of hydrocephalus among the elderly and the paediatric population, North America is projected to hold the largest market over the forecast era. Due to the involvement of major market players and the increasing biopharmaceutical industry, Europe is expected to expand significantly.
  • Due to growing understanding of neurological disorders and associated treatment options in the region, combined with an increasing occurrence of stroke disease, Asia Pacific is expected to see lucrative growth over the forecast period. Development in this area is expected to fuel the growing penetration of original equipment manufacturers in the developing economies to access the potential demand.
  • Key participants include Elekta AB, Möller Medical GmbH, Medtronic Plc, B. Braun Melsungen AG, BeckerSmith Medical, Inc, Sophysa SA, Dispomedica GmbH, Spiegelberg GmbH & Co. KG, DePuy Synthes Companies, and Integra LifeSciences Corporation, among others.

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Emergen Research has segmented the global cerebrospinal fluid management market on the basis of product, patient type, end-use, and region:

  • Product Outlook (Revenue, USD Billion; 2017-2027)
    • Critical Care Product
    • Shunts & Valves
    • Others
  • Patient Type Outlook (Revenue, USD Billion; 2017-2027)
    • Geriatric
    • Adult
    • Pediatric
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Clinics
    • Hospitals
    • Ambulatory Surgical Centers
    • Others

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  • Regional Outlook (Revenue, USD Billion; 2017-2027)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. India
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. U.A.E.
      3. Rest of MEA

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2030

Chapter 3. Key Insights

Chapter 4. Cerebrospinal Fluid Management Market Segmentation & Impact Analysis

    4.1. Cerebrospinal Fluid Management Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers’ analysis

          4.2.3. Market restraints analysis

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Continued…

 

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