Global Cerebrospinal Fluid (CSF) Management Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2023

Posted on 2018-04-17 by Mark Hub in Healthcare, Pharmaceuticals // 0 Comments

Albany,USA, 2018-Apr-17 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Cerebrospinal Fluid (CSF) Management, Market Research Reports Search Engine (MRRSE) has included a new report titled “Cerebrospinal Fluid (CSF) Management Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global cerebrospinal fluid management market is foreseen to experience a tremendous growth within the forecast period from 2015 to 2023. The organizations are carrying out mergers and acquisitions, regional expansion, strategic tie-ups, and new product launches, with a specific end goal to manage their position in the market. For example, in 2015, Codman Neuro (working unit of Johnson and Johnson Services, Inc.) presented a novel MRI-safe programmable valve with eight distinctive weight settings that offers consistent intra-ventricular weight and cerebrospinal fluid management drainage outlets for hydrocephalus treatment.

The fiercely competitive market of the global cerebrospinal fluid (CSF) management market includes a few medium and large scale organization. Some of the leading players in the market are DePuy Synthes, Medtronic plc, Integra LifeSciences Holding Corporation, Sophysa S.A., B. Braun Melsungen AG, Möller Medical GmbH, Spiegelberg GmbH and Co. KG, and BeckerSmith Medical, Inc.

According to MRRSE, the CSF management market is likely to demonstrate a decent growth with a CAGR of 5.5% within the forecast period from 2015 to 2023. In 2014, the market was worth US$1,135.7 mn, and it is anticipated to reach around US$1,840.5 mn by the end of 2023. On the basis of product type, the CSF shunt led the race in 2014 and is expected to maintain its position in the foreseeable future too. Geographically, in year 2014, North America region dominated the market, owing to rise in number of old age people and increase in technological advancements.

Rise in Preference for Minimally Invasive Surgeries to Propel Market Growth

The rising prevalence of neurological and brain ailments, burgeoning geriatric population, increasing instances of neurodegenerative issues, for example, Parkinson’s and Alzheimer’s, and the rising popularity of minimally obtrusive surgeries are playing a vital role catalyzing demand in the global CSF management market. The market is also expected to be majorly fuelled by increasing investments by private associations and governments in developing economies.

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Additionally, rise in disposable income, speedy improvement in healthcare infrastructure, and the significant development in healthcare expenses of the people across the world, and the convenient accessibility of advanced healthcare intervention across the globe are anticipated to contribute to the development of the CSF management market. They are expected to majorly boost the market in Latin America and Asia Pacific.

High Cost of CSF Management Surgeries to Hamper Market Development

However, the market growth is expected to be negatively impacted by the high cost of CSF management surgeries and concerns over infections caused due to the utilization of CSF shunts. However, the increase in awareness and betterment in healthcare infrastructure in developing economies, for example, China, India, and Brazil, could offer promising development scope for the market.

The global CSF management market has been segmented based on type of product and geography. Based on type of product, the CSF management market has been categorized into two segments: CSF shunts and CSF drainage systems. CSF drainage system has been further classified into ventricular drainage system and lumbar drainage system. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.

Geographically, the CSF management market has been categorized into five regions: North America, Europe, Asia Pacific, Latin America, and Rest of the World (RoW). North America comprises the U.S. and Canada. Europe includes Germany, the U.K., France, and Rest of Europe. Asia-Pacific comprises China, Japan, and Rest of Asia-Pacific. Latin America consists of Brazil and Rest of Latin America. Rest of the World includes South Africa and Rest of Rest of the World. The recommendations section included in the report would assist existing players to expand their market share and new companies to establish their presence in the CSF management market. The report also profiles major players in the CSF management market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include DePuy Synthes (a J & J Company), Medtronic plc, B. Braun Melsungen AG, Sophysa S.A., Spiegelberg GmbH & Co. KG, Integra LifeSciences Holding Corporation, BeckerSmith Medical, Inc., and Möller Medical GmbH.

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The global CSF management market has been segmented as follows:

Global CSF Management Market, by Product

CSF Shunts
CSF Drainage Systems
- Ventricular Drainage System
- Lumbar Drainage System

Global CSF Management Market, by Geography

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Rest of Europe
Asia-Pacific (APAC)
- China
- Japan
- Rest of APAC
Latin America
- Brazil
- Rest of Latin America
Rest of the World
- South Africa
- Rest of Rest of the World

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