Hydrocephalus Shunts Market Trends - Analysis Report, 2027

Allied Market Research has released a report titled "Hydrocephalus Shunts Market by Type (Ventriculo-Peritoneal, Ventriculo-Atrial, Ventriculo-Pleural, and Lumbo-Peritoneal) and Age Group (Infants, Children, and Adults) - Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global hydrocephalus shunts market generated $291.00 million in 2019 and is projected to reach $322.01 million by 2027, growing at a CAGR of 2.8% from 2020 to 2027.

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Key Drivers, Restraints, and Opportunities:

The growth of the global hydrocephalus shunts market is driven by factors such as the increasing prevalence of hydrocephalus, adoption of advanced programmable valves, and a rise in neurological disorders. However, challenges such as shunt malfunction and related infections, as well as the availability of shunt-free treatments, restrain market growth. On the other hand, advancements in smart shunt technology are expected to create new opportunities in the coming years.

Impact of COVID-19:

The COVID-19 pandemic has disrupted supply chains and led to shortages of human resources, posing challenges for the industry. Lockdowns resulted in the closure of neurological wards and clinics, affecting access to neurosurgical treatments for hydrocephalic patients. Neurosurgeons were often reassigned to COVID-19 wards, further complicating access to treatment.

Market Segmentation:

Ventriculo-peritoneal shunts segment held the highest market share in 2019 and is expected to maintain its dominance during the forecast period, driven by advancements in neurosurgical techniques and shunt technology. The ventriculo-pleural shunts segment is anticipated to witness the highest CAGR, fueled by the promise of alternative options for patients intolerant to VP shunts.

The children segment led the market in 2019 and is projected to maintain its leadership status by 2027 due to the increasing incidences of hydrocephalus in children. However, the adults segment is expected to grow at the highest CAGR, driven by the rise in prevalence of normal pressure hydrocephalus (NPH).

North America dominated the market in 2019, owing to the presence of key medical devices companies. However, the Asia-Pacific region is expected to witness the fastest growth, driven by increasing awareness of neurological diseases and rising stroke incidences.

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Leading Market Players:

Christoph Miethke GmbH & Co. KG
G. Surgiwear Ltd.
HLL Lifecare Limited
HpBio Próteses, Inc.
Integra Life Sciences
Kaneka Medix Corporation
Medtronic plc
Natus Medical Incorporated
Spiegelberg GmbH & CO. KG
Tokibo Co., Ltd.

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