Press release
Hydrocephalus Shunts Market Innovations Investigated by Deep Research Report with Forecast to 2027
COVID-19 Impact:
During the pandemic, lockdown restrictions and concerns about cross-contamination led to a reduction in patient flow. Nevertheless, there's an anticipated increase in demand for advanced programmable shunts for hydrocephalus treatment worldwide. Innovations like the "eShunt system" are expected to further boost market growth post-pandemic.
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Segment Analysis:
The acquired hydrocephalus segment dominated the market in 2020, attributed to various neurological disorders and injuries leading to hydrocephalus development. However, the congenital hydrocephalus segment is projected to witness the highest compound annual growth rate (CAGR) of 4.3% from 2021 to 2030.
Age-Based Analysis:
In 2020, the adults segment held the largest market share and is expected to maintain its leadership status due to a higher incidence of intraventricular hemorrhage and brain injuries. This segment is also forecasted to register the highest CAGR of 4.3% from 2021 to 2030. The report also examines neonate and pediatric segments.
Regional Outlook:
North America led the market in 2020 and is expected to maintain its dominance by 2030. Factors contributing to this include a higher prevalence of neurological disorders, increased patient numbers, and technological advancements. However, Asia-Pacific is anticipated to witness the fastest CAGR of 5.0% during the forecast period, driven by awareness regarding minimally invasive surgeries and a rise in stroke and CSF-related disorders.
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Key Players:
Leading market players include 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, and Children's National Hospital.
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