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The hydrocephalus shunts market is expected to grow US$ 360.01 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2022 to 2028.
Hydrocephalus is a fluid build-up in the brain, which puts pressure on the brain. It is common in older adults and infants. Headache, impaired vision, cognitive difficulties, coordination ability loss, and incontinence are among the symptoms experienced by patients with hydrocephalus. It may cause head enlargement in infants. A hydrocephalus shunt is the surgical insertion of a drainage system that helps drain out excess fluid from the brain.
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Hydrocephalus Shunts Market: Strategic Insights
Market Size Value in US$ 286.19 Million in 2021 Market Size Value by US$ 360.01 million by 2028 Growth rate CAGR of 3.4% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Speak to Analyst
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Hydrocephalus Shunts Market: Strategic Insights
Market Size Value in | US$ 286.19 Million in 2021 |
Market Size Value by | US$ 360.01 million by 2028 |
Growth rate | CAGR of 3.4% from 2022 to 2028 |
Forecast Period | 2022-2028 |
Base Year | 2022 |
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Have a question?
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Speak to AnalystThe hydrocephalus shunts market is segmented on the basis of age group, type, product, end user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. This report offers insights and in-depth analysis of the market with an emphasis on parameters such as market trends and market dynamics. It also highlights the competitive analysis of the globally leading players in the hydrocephalus shunts market.
Lucrative Regions for Hydrocephalus Shunts Market
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Market Insights
Increasing Prevalence of Hydrocephalus Boosts Hydrocephalus Shunts Market
Hydrocephalus is more prevalent in children and infants than adult population worldwide. Additionally, the disease is also prevalent in people aged 60 and above. According to the Hydrocephalus Association, the disease affects over 1 million Americans. Additionally, the incidence rate of hydrocephalus in the US is 1 in every 770 babies.
According to the article "Global hydrocephalus epidemiology and incidence: systematic review and meta-analysis," published in the Journal of Neurosurgery (JNS) in 2019, low-income and middle-income countries, particularly those in Africa and Latin America, incur the most significant burden of hydrocephalus. The article also states that Sub-Saharan Africa witnessed an annual incidence of more than 225,000 new cases of infant hydrocephalus, i.e., 750 new cases per 100,000 live births. Moreover, in a European cohort, the incidence rate was estimated at 110 cases of infantile hydrocephalus per 100,000 live births.
The treatment approach of hydrocephalus highly focuses on managing CSF through medical devices named shunts. The shunt systems remove excess cerebrospinal fluid from the brain and divert it to other body parts, wherein it is absorbed as a part of the circulatory process. Thus, the high incidence of hydrocephalus leads drives the demand for hydrocephalus shunts, thereby boosting the hydrocephalus market growth
Product Insights
Based on the product, the hydrocephalus shunts market is segmented into hydrocephalus valves, hydrocephalus catheters, neuronavigation systems, and others. The hydrocephalus valves segment held the largest market share in 2021, and it is also anticipated to register the highest CAGR of 3.6% during the forecast period. The market for hydrocephalus valves is further bifurcated into adjustable pressure valves and fix pressure valves.
Hydrocephalus Shunts Market, by Product – 2021 and 2028
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Type Insights
Based on type, the hydrocephalus shunts market is segmented into ventriculo-peritoneal, ventriculoatrial, ventriculo-pleural, and lumbo-peritoneal. In 2021, the ventriculo-peritoneal segment held the largest share of the market. Moreover, the market for this segment is expected to grow at a significant CAGR of 3.7% during the forecast period.
Age Group Insights
Based on age group, the hydrocephalus shunts market is segmented into pediatric and adults. In 2021, the pediatric segment held a larger share of the market. It is further estimated to register a significant CAGR of 3.5% during the forecast period.
End User Insights
Based on end user, the hydrocephalus shunts market is segmented into hospitals, ambulatory surgical centers, and others. The hospital segment held the largest market share in 2021, and it is expected to register the highest CAGR of 3.8% during the forecast period.
Organic strategies such as product launches and approvals are highly adopted growth strategies by companies in the hydrocephalus shunts market. A few of the recent key market developments are listed below.
- In May 2020, Aesculap, Inc. in partnership with The Christoph Miethke GmbH & Co. KG (MIETHKE) announced the launch of the M.blue valve in the US. The M.blue valve features advanced gravitational technology, which is incorporated with a fixed differential pressure unit in one valve. It helps to provide a simple and position-dependent solution
- In July 2019, Integra LifeSciences announced the acquisition of Arkis Biosciences Inc., a privately held company that offers a portfolio of neurosurgical devices, such as catheters. The acquisition of Arkis Biosciences strengthened Integra’s offerings in neurocritical care and Integra’s position as the world leader in advanced catheter technology.
Company Profiles
- B. Braun Melsungen AG (CHRISTOPH MIETHKE GMBH & CO. KG)
- Sophysa
- HpBio Próteses, inc.
- Integra LifeSciences Holdings Corporation
- KANEKA MEDIX CORP.
- Medtronic Plc
- Natus Medical Incorporated
- Spiegelberg GmbH & Co. KG
- Desu Medical
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Type, Age Group, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Shunt, the surgical insertion of a drainage system is the most common remedy for hydrocephalus. It drains extra cerebrospinal fluid from the brain to another part of the body such as the abdomen, where it can be more easily absorbed. It consists of a long and flexible tube with a valve that keeps fluid from the brain flowing in the right approach and at the proper rate.
Key factors that are driving the growth of this market are the increasing prevalence of hydrocephalus and increasing advancement in hydrocephalus valves.
The CAGR value of the Hydrocephalus Shunts market during the forecasted period of 2022-2028 is 3.4%.
The hydrocephalus valves segment held the largest share of the market in the global hydrocephalus shunts market and held the largest market share of 61.85% in 2021.
The ventriculo-peritoneal segment dominated the global hydrocephalus shunts market and accounted for the largest market share of 44.44% in 2021.
The pediatric segment dominated the global hydrocephalus shunts market and held the largest market share of 57.17% in 2021.
The hospitals segment dominated the global hydrocephalus shunts market and held the largest market share of 54.99% in 2021.
The hydrocephalus shunts market majorly consists of the players such as B. Braun Melsungen AG (CHRISTOPH MIETHKE GMBH & CO. KG); Sophysa; HpBio Próteses, inc.; Integra LifeSciences Holdings Corporation; KANEKA MEDIX CORP.; Medtronic; Natus Medical Incorporated; Spiegelberg GmbH & Co. KG, and Desu Medical. among others.
Thermo Fisher Scientific and Agilent Technologies, Inc. are the top two companies that hold huge market shares in the Hydrocephalus Shunts market.
Global hydrocephalus shunts market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. The North America region held the largest market for the hydrocephalus shunts market during the forecast period. The large share of North America in the global hydrocephalus shunts market is attributed to factors such as the growing usage of innovative technologies that offer faster discovery and product development. Moreover, wide-ranging R&D activities by numerous organizations support new product launches in the region ultimately driving the overall hydrocephalus shunts market during the forecast period.
The List of Companies - Hydrocephalus Shunts Market
- B. Braun Melsungen AG (CHRISTOPH MIETHKE GMBH & CO. KG)
- Sophysa
- HpBio Próteses, inc.
- Integra LifeSciences Holdings Corporation
- KANEKA MEDIX CORP.
- Medtronic
- Natus Medical Incorporated
- Spiegelberg GmbH & Co. KG
- Desu Medical
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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