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Neurosurgical Drainage Devices Market Foreseen to Grow exponentially over 2016 to 2026 - Persistence Market Research
Neurosurgical Drainage Devices Market: Drivers & Restraints
Factors such as increasing incidence of neurological disorders such as Alzheimer's disease, Parkinson's disease, Creutzfeldt-Jakob disease and increasing global aging population is expected to drive the neurosurgical drainage devices market over the forecast period. Moreover patients opting for neurosurgical drainage devices over use of drugs due to comparatively less side effects and better effectiveness. However microeconomic factors such as poor reimbursement policies, taxation policies in the U.S. and Europe is a major challenge for overall revenue growth of the market.
Neurosurgical Drainage Devices Market: Region-wise Outlook
On the basis of region presence, neurosurgical drainage devices market is segmented into seven key regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia pacific excluding Japan, Japan, Middle East and Africa.
In regions such as North America and Europe, the prevalence of hydrocephalus (congenital and infantile) in is predicted to be 0.5 to 0.8 per 1000 individuals. Developing regions such as Asia and Latin America will generate more demand for neurosurgical drainage devices due to better allocation of healthcare funds. According to National Hydrocephalus Foundation, approximately 75,000 discharges a year from U.S. hospitals with a diagnosis of hydrocephalus. Due to the above factors neurosurgical drainage device market is expected to register significant growth during forecasted period.
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Neurosurgical Drainage Devices Market: Key Players
Some of the key market players in neurosurgical drainage devices market are Medtronic plc., B. Braun Melsungen AG, Johnson and Johnson, Integra LifeSciences Corporation, Spiegelberg GmbH & Co. KG, Howard Butler (HOBUT) Ltd.
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