Hydrocephalus Market Growth, Industry Outlook And Opportunities 2022

According to Precision Business Insights (PBI), the latest report, hydrocephalus market size is expected to be worth USD 5,937.2 million in 2022, growing at a 3.5% CAGR from 2022 to 2028. The primary driver of the expansion of the global Hydrocephalus market is the higher prevalence of Hydrocephalus in the modern population due to stress and congenital defects which will boost the Hydrocephalus market in the forecast period.

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Hydrocephalus Shunt Segment to Expand the Most during the Forecast Period:
The Hydrocephalus Association estimates that 50% of pediatric shunts fail after two years of installation, necessitating further neurological surgeries. On the contrary, it is anticipated that improvements in shunt technology to lessen shunt issues would generate profitable chances for market expansion. Advanced Shunts are crucial for addressing hydrocephalus; however, some patient groups are more susceptible to getting traditional shunt infections. Cerebrospinal fluid (CSF) is diverted by advanced shunts from a spot where there is a surplus of CSF to a part of the body where it will be absorbed. The segment is predicted to rise as a result of technological developments in these devices that address the problems of biocompatibility, infection, and fouling. For instance, several shunt catheters, including the CODMAN BACTISEAL catheter and the Medtronic Ares catheter, are impregnated with antibiotics to lower the risk of infection during the postoperative period. The Ares catheters with antibiotic infusions aid in limiting bacterial colonization. Additionally, current research focuses on the hydrocephalus shunts' prospective redesign, which might accelerate the segment's growth.

North American Hydrocephalus Market:
Due to the growth in hydrocephalus patients and the increased focus on the care of neurological illnesses, North America is anticipated to account for a sizeable portion of the global market. According to the Hydrocephalus Association, 1 in every 1,000 newborns in the United States was born with hydrocephalus in 2019, which led to the use of hydrocephalus shunts and encouraged the expansion of this industry. The increase in the elderly population, the incidence of neurological and brain illnesses, and the growing use of sophisticated programmable valves are all factors contributing to the growth of the US market. The market for these goods is anticipated to be driven by the huge number of people who are affected by the condition.

Recent Developments in Hydrocephalus Market:
The global Hydrocephalus market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, Technology, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In March 2021, Anuncia Inc., received U.S. Food and Drug Administration (FDA) Breakthrough Device Designation for its ReFlow System Mini intended for the treatment of CSF disorders. This approval has created persistent revenue-generating flow.

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The hydrocephalus market is segmented based on cause, type, diagnosis, treatment, age, and region.:
Based on Type, the Hydrocephalus Market is segmented into the following:
• Congenital Hydrocephalus
• Acquired hydrocephalus
• Normal-Pressure Hydrocephalus
• Ex-Vacuo Hydrocephalus

Based on Diagnosis Method, the Hydrocephalus Market is segmented into the following:
• CT Scan
• MRI
• Head Ultrasound
• Others

Based on Treatment the Hydrocephalus Market is segmented into the following:
• Surgery shunt insertion
• Ventriculostomy

Based on Age the Hydrocephalus Market is segmented into the following:
• Neonate and Pediatrics
• Adults

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The Key Players' profiles in the Hydrocephalus Market report are DePuy Synthes, Boston Neurosciences, Medtronic Plc, Integra LifeSciences Corporation, Spiegelberg GmbH & Co. KG, RAUMEDIC Inc, Sophysa SA, Terumo Corporation, Natus Medical Incorporated, Johnson & Johnson Services Inc, B. Braun Melsungen AG, Christoph Miethke GmbH & Co. KG, Tokibo Co. Ltd, HLL Lifecare Limited, and Other Companies.

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