Press release
Global Hydrocephalus Market: Steady Growth and Future Projections Driven by CAGR of 6.0% by 2029
Hydrocephalus Market
What Is The Projected Market Size Of The Global Hydrocephalus Market And Its Growth Rate?
The hydrocephalus market has shown steady growth and is poised to continue this trend with significant future projections.
• Projected Market Size in 2024: $3.54 billion
• Market Size in 2025: $3.69 billion (CAGR: 4.3%)
• Expected Market Size in 2029: $4.66 billion (CAGR: 6.0%)
Factors contributing to growth in the historic period include improved access to healthcare, advances in pediatric healthcare, increased incidence of traumatic brain injuries, and a rise in neurological disorders awareness. Projections for the forecast period suggest strong growth due to advancements in neuroendoscopy, a growing geriatric population, regulatory support for medical devices, and rise in traumatic brain injuries.
What Is Driving The Growth In The Hydrocephalus Market?
The heightened prevalence of hydrocephalus is a significant driver in the growth of the hydrocephalus market. Hydrocephalus, a condition where cerebrospinal fluid (CSF) accumulates in the brain cavities, leads to various cognitive abnormalities. The increasing incidents of hydrocephalus increase the demand for treatment devices. According to the Hydrocephalus Association, a US-based private non-profit organization, as of August 2022, hydrocephalus has affected around 1 million Americans, with 1 in 770 infants being diagnosed with the condition, and approximately 700,000 seniors in the U.S. living with normal pressure hydrocephalus (NPH). These rising numbers contribute to the drive in market growth.
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Who Are the Key Players Driving Hydrocephalus Market Growth?
Key players in the hydrocephalus market 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
What Are The Key Trends In The Hydrocephalus Market?
Key trends in the hydrocephalus market include:
• Increased focus on pediatric neurology
• Technological innovations in shunt systems
• Advancements in medical technology
• Advancements in surgical techniques
• Innovation in shunt technologies
What Are The Segments Of The Global Hydrocephalus Market?
Segments of the global hydrocephalus market include:
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
Which Region Leads The Hydrocephalus Market?
North America emerged as the largest region in the hydrocephalus market in 2024. Region-wise market coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Hydrocephalus Market Global Market Report?
- Market Size Analysis: Analyze the Hydrocephalus Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hydrocephalus Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hydrocephalus Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hydrocephalus Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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