Hydrocephalus Global Market Analysis, Trends, Growth, Research And Forecast 2033

The hydrocephalus market size has grown strongly in recent years. It will grow from $3.46 billion in 2023 to $3.63 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to neurological disorders awareness, pediatric healthcare advances, increased incidence of traumatic brain injuries, improved access to healthcare, research and development initiatives.

The hydrocephalus market size is expected to see strong growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to neuroendoscopy advancements, growing geriatric population, regulatory support for medical devices, rise in traumatic brain injuries, global health initiatives. Major trends in the forecast period include increased focus on pediatric neurology, technological innovations in shunt systems, advancements in medical technology, advancements in surgical techniques, innovation in shunt technologies.

Market Overview -
Hydrocephalus is a medical condition in which the cerebrospinal fluid (CSF) that commonly passes through the spaces of the brain and spinal column in normal circumstances starts accumulating in the cavities of brain structures, resulting in a variety of cognitive abnormalities.

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Rising Hydrocephalus Prevalence Drives Surge In Hydrocephalus Market
The increased prevalence of hydrocephalus is significantly contributing to the growth of the hydrocephalus market. Hydrocephalus is a medical condition in which the cerebrospinal fluid (CSF) starts accumulating in the cavities of brain structures, resulting in a variety of cognitive abnormalities. The increasing incidences of hydrocephalus are increasing the demand for hydrocephalus treatment devices to treat the patients. For instance, according to a 2021 report published in the National Center for Biotechnology Information, a part of the United States National Library of Medicine, a branch of the National Institutes of Health, the global prevalence of hydrocephalus is reported to be around 85 per 100,000 people, with a notable disparity between age groups 88 per 100,000 in children and 11 per 100,000 in adults. The prevalence is substantially higher in the senior population, around 175 per 100,000, and more than 400 per 100,000 for those over 80 years old. Therefore, increased prevalence of hydrocephalus is expected to propel the growth of the hydrocephalus market.

Competitive Landscape -
Major companies operating in the hydrocephalus market report are Johnson & Johnson Corporation, Thermo Fisher Scientific, Medtronic plc, MIZUHO Co. Ltd., B. Braun Melsungen AG, Helios Hospital, Agilent Technologies Inc., Texas Children's Hospital, Boston Children's Hospital, Karl Storz Se And Co. Kg, Integra LifeSciences Corporation, Children's National Hospital, Natus Medical Incorporated, Aesculap Inc., HLL Lifecare Limited, Sophysa SA, Anadolu Medical Center, Christoph Miethke GmbH & Co. KG, Alcyone Therapeutics Inc., Moller Medical GmbH, Spiegelberg GmbH & Co. KG, G. SURGIWEAR LTD., Tokibo Co. Ltd., HpBio Proteses Inc., Desu Medical, Dispomedica GmbH, Kaneka Medix Corporation, Delta Surgical Limited

Technological Advancements Drive Innovation In Hydrocephalus Devices
Technological advancements are the key trends gaining popularity in the hydrocephalus market. The major players in the market are developing advanced technological hydrocephalus devices for the treatment of hydrocephalus. For instance, in June 2021, Cranial Devices Inc., a US-based start-up from Pennsylvania State University advanced a device named HydroFix, a high-tech shunt system that involves a CSF drain to improve the treatment of hydrocephalus. HydroFix technology will address the significant unmet clinical needs of reducing the risks related to surgical shunts failure.

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Key Segments -

The hydrocephalus market covered in this report is segmented -

1) By Type: Congenital Hydrocephalus, Acquired Hydrocephalus, Normal-Pressure Hydrocephalus, Ex-Vacuo Hydrocephalus
2) By Age Group: Pediatric, Adult
3) By Diagnostics: MRI, CT Scan, Head ultrasound, Other Diagnostics
4) By End User: Hospitals, Diagnostic Centers, Academic Institutions, Research Organizations

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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