The Hydrocephalus Market is expected to reach USD 7.5 Billion by 2030 at 4.4% CAGR during the forecast period 2022-2030. The whole market of Hydrocephalus is expected to gain in the forecast period. Although the growth rate is not a double-digit one, the Market will not see stagnancy. The Market is a significant one because of the importance Hydrocephalus condition gets in today’s healthcare. However, the market is looking at different conditions. The present market scenario and future projections of the Market are discussed in this Market Outlook.
Hydrocephalus is a neural ailment that arises when CSF accumulates within the cranial cavities of a person. It is a very serious ailment that should not be neglected in any case. The accumulation of CSF leads to enlargement in vein size. This, in turn, causes the brain of the patient to swell unnaturally. This accumulation of CSF leads to damage to brain tissues. The brain and spinal tissues suffer considerable damage if Hydrocephalus is not treated properly. Hydrocephalus is a rare condition, but it arises in infants and adults over the age of 60. During these ages, the brain and neural systems are invulnerable systems.
Hydrocephalus at any age can be very dangerous for the patient. Its consequences range from sleepiness, vomiting to seizures and imbalance. While it can happen in people due to many reasons, the cause of obstruction in normal CSF flow is very common. If the person has suffered some internal bleeding or has a tumor in the brain, the chances of Hydrocephalus are high. Another cause is the overproduction of CSF which topples the balance of CSF flow in the nervous system. This can also lead to Hydrocephalus. However, overproduction is very rare.
No matter how rare the condition is, it is painful and dangerous. Thus, it needs immediate treatment. Therefore, the Hydrocephalus Industry plays a huge role in modern healthcare.
Cumulative Growth Analysis
The growth rate of the Market may not be as high as a double-digit CAGR, but it is enough to keep the market moving towards better Market trends. As the population becomes more self-aware about Hydrocephalus and its treatment, the Hydrocephalus Industry Trends will turn positive.
COVID 19 Analysis
The COVID 19 pandemic has affected every industrial vertical, and the Hydrocephalus Industry is no stranger to the impact of COVID 19. The Hydrocephalus Market is facing newer challenges and restraints under the impact of the COVID 19 pandemic. The COVID 19 pandemic has created supply chain challenges where there were none before. The Hydrocephalus Industry is struggling to supply hydrocephalic treatment approaches to the global patient population.
The unavailability of skilled human resources in the neurological sector is also affecting the Market in the post-pandemic phase. Similarly, the shutdown of neurological wards and clinics is also a negative Hydrocephalus Market Trend. The Market, therefore, does not show a high rate of growth in the pandemic and post-pandemic years. The neurological healthcare sector is also running out of resources as most of the resources are directed towards COVID 19 treatment. In such circumstances, the Market does not advance at a healthy rate. The overall impact of the COVID 19 pandemic has been unfavorable for the Hydrocephalus Industry.
The key drivers of the market
The increased incidence of Hydrocephalus in people and infants is a major driver of the Hydrocephalus Industry. According to an academic study in 2019, the incidence of pediatric Hydrocephalus is 88 out of 100,000 births globally. This is an increased incidence of Hydrocephalus in infants. On the other hand, the increase in life-threatening accidents and brain injuries in adults is also driving the growth of the Hydrocephalus Industry. The increased prevalence of the two indicators is a favorable one for the market of Hydrocephalus.
Significant opportunities
Besides the increased prevalence of induced Hydrocephalus, the increase in the incidence of neurological disorders due to lifestyle diseases is also an opportunity for the Hydrocephalus Market Size to increase its product portfolio and application. The incidence of congenital defects in the present generation is also increasing. This produces another window of opportunity for expanding the Hydrocephalus Industry Size. All these factors may seem dreary, but they are instrumental in presenting new opportunities to the Market for Hydrocephalus Industry Growth. Another opportunity for Market Growth is the use of advanced surgical techniques with the help of valves. When people become aware of the possible treatment of Hydrocephalus, it will only drive the growth of the Market further.
Market Restraints
There are some restraints that limit the Hydrocephalus Industry Growth in the long run. These restraints are no different from the usual restraints that exist in the healthcare sector. With advanced treatment procedures, there is always a chance that an implant or treatment approach will lead to a further complication. In the Hydrocephalus Industry, too, the shunts used to relieve pressure from the brain may lead to infections and malfunctions. This causes a decline in the Hydrocephalus Industry share worldwide. Another restraint is the presence of irreversible brain damage due to accidents.
Market Challenges
The market challenges are the ones that can be solved and lead to more growth than limitation. The major challenge, according to market analysis of Hydrocephalus, is the need for research and development of advanced equipment and treatment in the Hydrocephalus Industry. There is a great scope to create an advanced approach to treating Hydrocephalus. However, this needs joint effort from the key players of the Hydrocephalus Industry. When the key players of the Market invest in the advancement of Hydrocephalic treatments, the Market will also progress.
The Hydrocephalus Market Analysis points at the different segments of the Market. The Hydrocephalus Industry divides into categories based on type, diagnosis, treatment, and end-user.
By Type- By type, the primary segments of the market are congenital Hydrocephalus and acquired Hydrocephalus.
By diagnostic- By the way, Hydrocephalus is diagnosed, the Market divides into MRI, CT Scan, and head ultrasound.
By surgery- By the surgery that is used to cure the condition, the market disperses into shunt insertion procedure, ventriculostomy, and medication to balance CSF.
By end-user- The major end-user for the Market are hospitals, clinics, and diagnostics centers.
On the basis of the regional analysis for the market of Hydrocephalus, the American region, including North America and South America, will be the major regional markets for Hydrocephalus treatments. The companies that create Hydrocephalus treatment devices dominate the North American region. This then translates into regional dominance for the North American region. There is much interest in the research and development of Hydrocephalus treatment in the region. This is especially true for the USA. However, the European regional market will be the second-largest market for Hydrocephalus treatments. Hydrocephalus in infancy will drive growth in the region.
Competitive landscape
There are many key players in the Market that dominate the competitive landscape for the market.
The key players of the Hydrocephalus Market segment are as follows.
Recent Developments
The key competitors of the Market are investing in research and development of new, advanced Hydrocephalus treatment approaches. The Hydrocephalus Market forecast also predicts that the key players also take up a lot of mergers, collaborations, and acquisitions to achieve a common goal of supporting the Market of Hydrocephalus collectively. The research and development in the area of Hydrocephalus treatments will benefit all the major players of the Market.
Report Overview
The Hydrocephalus Market Outlook or overview is as follows:
This report focuses on the market of Hydrocephalus and its trends. It highlights the key drivers, significant opportunities for growth and presents market challenges of the Hydrocephalus Industry. Thirdly, it discusses the segmentation of the Hydrocephalus Industry over various benchmarks and segments. Additionally, the Hydrocephalus Industry Outlook sheds more light on the competitive landscape and recent developments of the market. It creates an overall reading of the Hydrocephalus Industry Forecast for the readers.
| Report Attribute/Metric | Details |
| Market Size | 7.5 Billion |
| CAGR | 4.4% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Diagnostic, Treatment, End user |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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 others |
| Key Market Opportunities | Investments in development of new shunts |
| Key Market Drivers | · Increasing prevalence of hydrocephalus · High incidence of traumatic brain injuries · Constant evaluation of various techniques |
Hydrocephalus Market Highlights:
Frequently Asked Questions (FAQ) :
The hydrocephalus market valuation was USD 1348 million in 2017.
The hydrocephalus market projected CAGR would be 4.4% for the forecast period.
The end users are diagnostic centers, hospitals & clinics, academic institutions & research organizations.
The segments are MRI, CT scan – head, and head ultrasound.
America is leading the hydrocephalus market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
