Cerebrospinal Fluid Management Devices Market to Witness Rapid Development During the Period 2027

Research Reports

Jan 27, 2021

The Cerebrospinal Fluid Management (CSF) Devices market is growing pervasively. The market growth attributes to the rising prevalence of various neurological diseases and disorders. CSF devices are primarily used in the treatment of hydrocephalus, a condition that refers to the accumulation of cerebrospinal fluid (CSF) in the brain.

Global Cerebrospinal Fluid Management Devices Market is expected to have a market value of USD 2,104.66 Million till 2027. Hydrocephalus is an abnormal accumulation of cerebrospinal fluid (CSF) within cavities in the brain called ventricles. Hydrocephalus affects a wide range of people, from infants and older children to young, middle-aged, and older adults.

Additionally, increasing government funding and programs to support the R&D activities required for the development of CSF devices substantiate market growth. Furthermore, technological advances in the field of smart and connected devices, alongside the uses of some ubiquitous technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) to better diagnostic and treatment methods foster market growth.

Regional Analysis

The global cerebrospinal fluid management devices market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa.

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The Americas led the market and accounted for the largest share in 2019, owing to the presence of major market players, developed healthcare infrastructure, high awareness, and availability of advanced treatment options. Also, a favorable reimbursement scenario for CSF treatment surgeries is fueling the growth of this region in the cerebrospinal fluid management devices market.

Europe accounts for the second-largest share in the global cerebrospinal fluid management devices market. In 2018, Major factors influencing the growth of the market include the presence of major manufacturers, availability of technologically advanced devices, increasing spine injuries, and others. For instance, in 2018, according to new data published by Association for Spinal Injury Research, Rehabilitation, and Reintegration (ASPIRE), now every year about 2,500 people are diagnosed and injured with a spinal cord injury in UK region, thereby supporting the regional market growth.

Segment Analysis

Global Cerebrospinal Fluid Management Devices Market has been segmented based on Device Product, Age Group, and End User. The market, based on the product, has been segmented into shunts & valves, critical care products, dural sealants, and others. The market, based on age group, has been categorized into pediatric, adult, and geriatric. The market, based on end user, has been divided into hospitals, ambulatory settings, and research & academic institutes.

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Key Players

MRFR recognizes the following companies as the Key Players in the Global Cerebrospinal Fluid Management Devices Market— Möller Medical GmbH (Germany), Argi Grup (Turkey), Longeviti (US), Integra LifeSciences Corporation (US), Medtronic Plc (Ireland), Natus Medical Incorporated (US), IRRAS AB (Sweden), Anuncia (US), Sophysa (France), B. Braun Melsungen AG (Germany).

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