Press release
Hydrocephalus Market Hit $10.17 Billion, Globally, by 2023 - 2030 with top key players growth analysis Karl Storz Se And Co. Kg, Proteses Inc., Medtronic Plc. and Natus Medical Inc.
Increase in prevalence of hydrocephalus, rise in adoption of hydrocephalus shunt, and surge in incidences of neurological disorders drive the growth of the global hydrocephalus market. However, shunt malfunctioning and related infections hinder the market growth. On the other hand, advancements in technology in the healthcare sector present new opportunities in the coming years.
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The global hydrocephalus industry generated $6.90 billion in 2020, and is expected to reach $10.17 billion by 2030, witnessing a CAGR of 4.0% from 2021 to 2030.
Covid-19 Scenario
Owing to lockdown restrictions and the possibility of cross-contamination, the patient flow was reduced substantially. However, the demand for advanced programmable shunts for the treatment of hydrocephalic patients is estimated to increase worldwide.
The advent of disruptive technologies such as the "eShunt system" is estimated to boost the growth of the hydrocephalus market post-pandemic.
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Leading Market Players
Aesculap Inc.
Integra Lifesciences
Karl Storz Se And Co. Kg
Proteses Inc.
Medtronic Plc.
Natus Medical Inc.
Boston Children's Hospital
Anadolu Medical Center
Helios Hospital
Texas Children's Hospital
Children's National Hospital
North America to continue its lead in terms of revenue by 2030
Based on region, North America held the highest market share in 2020, accounting for more than two-fifths of the global hydrocephalus market, and is expected to continue its lead in terms of revenue by 2030. This is due to rise in prevalence of the neurological disorder, increase in the number of hydrocephalus patients, development of advanced healthcare medical devices, and advancements in technology for hydrocephalus in the region. However, Asia-Pacific is expected to manifest the fastest CAGR of 5.0% during the forecast period. This is due to rise in awareness regarding minimally invasive surgeries, surge in cases of stroke and CSF related disorders, and technological advancements.
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