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.
A hydrocephalus shunt is a medical device that aids in the treatment of a condition that occurs when the fluid builds up in the brain and produces an increased intracranial pressure within the skull. It is generally present in adjustable pressure valves, valves, fixed pressure valve variants and catheters. It is a flexible tube placed into the brain area where cerebrospinal fluid (CSF) is produced. These devices contain an inflow or proximal catheter that clears the CSF from the lateral ventricles, a valve mechanism that balances intracranial pressure by regulating fluid flow and an outflow or distal catheter that is present under the skin and directs CSF. It aids in relaxing the tension on the cerebrum and returning the brain’s enlarged ventricles to their authentic sizes.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Hydrocephalus Shunts Market Trends and Drivers:
One of the key factors driving the market is the rising pervasiveness of brain and neurological disorders among individuals. In addition, hydrocephalus shunts are widely utilized due to the increase in brain and nerve injuries, congenital abnormalities and accidents leading to central nervous system (CNS) defects and lifestyle diseases. Besides this, there has been a rising demand for this product to cure hydrocephalus among infants, which can result in the enlargement of the head and damaged brain.
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Furthermore, various technological upgradation, such as the evolution of anti-siphon devices that aid in evading siphon effects over cerebrospinal fluid, is catalyzing the market growth. Moreover, the evolution of programmable valves for controlling the flow of cerebrospinal fluid and averting it from moving in the wrong direction is impelling the market growth. Some of the other growth-inducing factors are the implementation of several government initiatives to increase awareness about hydrocephalus shunts and the rapid growth in the healthcare industry.
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:
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.
The report has segmented the market on the basis of region, type, product type, age group and end user.
Breakup by Type:
Breakup by Product Type:
- Hydrocephalus Valves
- Adjustable Pressure Valves
- Fix Pressure Valves
- Hydrocephalus Catheters
Breakup by Age Group:
Breakup by End User:
- 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
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