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Cerebrospinal Fluid Management Market Size, Share, Analysis and Growth Forecast Report 2027
Cerebrospinal Fluid Management Market
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Other important drivers predicted to drive global market revenue growth over the forecast period are rapid integration of improved sensors in cerebrospinal fluid (CSF) devices, increased adoption of technologically advanced CSF management systems, and rising prevalence of congenital hydrocephalus worldwide. Furthermore, rising R&D in device technology, as well as product launches, are propelling the market forward.
COVID-19 Analysis
Healthcare systems around the world have been severely disrupted as a result of the coronavirus pandemic, due to the financial crisis and delays in specialty healthcare delivery while prioritizing COVID-19-related therapies. The crisis and its implications have resulted in a worldwide drop-in cancer care or a postponement of tumor surgery. Such considerations could have had a negative impact on the industry in recent months. However, given the increasing number of cases of CSF leaks among persons who have had nasal swab testing for coronavirus, the business may recover traction in the forthcoming years due to the injury at the base of the skull.
Market Segmentation:
The cerebrospinal fluid management market is split into external drainage systems and shunts based on product. Shunts are classified as ventriculoperitoneal (VP) shunts, lumboperitoneal (LP) shunts, ventriculoatrial (VA) shunts, and ventriculopleural (VPL) shunts based on their type. Furthermore, the market for shunts is classified into fixed valve shunts and adjustable valve shunts based on valve type.
Additionally, the external drainage system is separated into two types: external ventricular drainage (EVD) and lumbar drainage (LD). The shunt segment dominates the market owing to incidences of cerebrospinal fluid diseases such as hydrocephalus and ventriculomegaly are on the rise, increased number of shunt procedures performed, integration of advanced sensors in CSF shunts, and the demand for minimally invasive surgical treatments.
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Geographical Analysis:
The cerebrospinal fluid management market in North America accounted for the biggest revenue share in the global market. Growing prevalence of hydrocephalus and congenital hydrocephalus, increase in geriatric population, rising government investments in research and development activities in the field of CSF management, and the existence of highly sophisticated healthcare infrastructure in the region are some of the factors driving market revenue growth in North America.
Recent News:
In April 2021, Medtronic plc and Surgical Theater announced a partnership to integrate Surgical Theater's SyncARTM augmented reality (AR) technology with Medtronic's StealthStationTM S8 surgical navigation system. Neurosurgeons will be able to use augmented reality technology in real-time to improve visualization during difficult cranial surgeries as a result of this collaboration. Doctors can analyze brain architecture, test virtual surgical equipment, and plan procedures before entering the operating room using the SyncAR platform, which employs fighter-jet simulation technology. By combining AR with the StealthStation S8 cranial solution, surgeons will be able to see a 360° AR rendering overlay on the live surgical site for the first-time during brain surgeries.
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The prominent players in the cerebrospinal fluid management market include Moller Medical GmbH, Medtronic PLC, Integra Lifesciences Holdings Corporation, Spiegelberg GmbH & Co. Kg, Deltasurgical, Natus Medical Incorporated, G. SURGIWEAR LTD, B. Braun Melsungen, Dispomedica GmbH, SOPHYSA, and Wellong Instruments Co., Ltd.
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