Cerebrospinal Fluid (CSF) Management Market Research Report by Key Player Analysis
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Based on type of product, the CSF management market has been classified into CSF shunts and CSF drainage systems. CSF drainage system has been further classified into ventricular drainage system and lumbar drainage system. The CSF shunts segment held the largest market share of the CSF management market in 2014. The segment is likely to continue to dominate the market during the forecast period. However, the CSF drainage systems segment is projected to expand at the highest growth rate during the forecast period. The overall rise in incidence of neurological diseases among the general population, increasing geriatric population diagnosed with neurological disease such as Alzheimer’s and Parkinson's diseases, high funding by the government and private organizations, and growing demand for minimally invasive surgeries are likely to drive the CSF management market. However, risk of infection during the time of surgery is expected to limit the usage of CSF shunts.
Geographically, the CSF management market has been segmented into North America, Europe, Asia-Pacific, Latin America, and Rest of the World. North America accounted for the largest share of the CSF management market in 2014. The region is likely to continue its dominance of the market during the forecast period due to increasing geriatric population and rapid technological innovations. However, the CSF management market in Asia-Pacific is anticipated to witness the fastest growth rate from 2015 to 2023 due to increasing demand for minimally invasive surgeries, rise in the geriatric population, and growing medical tourism in emerging nations. However, factors such as cost of surgical procedures and availability of shunts in developing countries can hinder the growth of the CSF management market.
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Economic development and improving health care infrastructure in emerging economies such as China, India, and Brazil have led to increase in disposable income of people, thereby enhancing their purchasing power. In addition, increase in medical expenditure by governments creates an opportunity in the CSF management market in emerging countries.
Major players in the CSF Management Market consist of DePuy Synthes (a J & J Company), Medtronic plc, B. Braun Melsungen AG, Sophysa S.A., Spiegelberg GmbH & Co. KG, Integra LifeSciences Holding Corporation, BeckerSmith Medical, Inc., and Moller Medical GmbH.
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