According to the latest report by IMARC Group, “Global Hydrocephalus Shunts Market Trends, Share, Growth, Industry Size, Opportunity and Forecast 2022-2027“, 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 CAGR of 4.20% during 2022-2027.
Hydrocephalus shunts represent the medical device utilized for treating a condition that occurs when fluid builds up in the brain and results in increased intracranial pressure within the skull. Some of the commonly available variants include valves, catheters, adjustable pressure valves, fixed pressure valves, etc. In line with this, hydrocephalus shunts aid in soothing the tension on the cerebrum and reducing the risk of neurological disorders. Consequently, they are extensively utilized in hospitals and ambulatory surgical centers.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
Hydrocephalus Shunts Market Trends and Drivers:
The rising prevalence of congenital abnormalities, brain and nerve injuries, accidents leading to central nervous system (CNS) defects, etc., is primarily driving the hydrocephalus shunts market. Additionally, the growing consumer awareness towards the availability of various effective treatment alternatives for neurological disorders is further catalyzing the market growth.
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Besides this, the widespread product adoption to cure hydrocephalus among infants is acting as another significant growth-inducing factor. Moreover, the launch of programmable valves for controlling the flow of cerebrospinal fluid and preventing it from moving in the wrong direction is also positively influencing the global market.
Apart from this, numerous technological advancements, such as the development of anti-siphon devices that assist in avoiding siphon effects over cerebrospinal fluid, are anticipated to fuel the hydrocephalus shunts market over the forecasted period.
Note: 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.
Global Hydrocephalus Shunts Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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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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
- Adjustable Pressure Valves
- 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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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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