Worldwide Hydrocephalus Market to Be Influenced By Advanced Detection Techniques By 2022

With hydrocephalus being an especially rare condition, there has been very few developments in this sector, especially in terms of research and treatment in terms of both treatment methods and medications. Increase in the development of medical sciences have created renewed interest for this sector. Market Research Future, a firm which specializes in market reports related to the healthcare sector among others, published in its recent report on Hydrocephalus Market Research Report – Global Forecast to 2022 that the sector will ensue with a positive CAGR % and will also establish a good rate of revenue growth in the forecast period.

The market for hydrocephalus is not very well developed due to lack of attention paid to treatment of the disease. Following the development of shunts for draining the accumulated cerebrospinal fluid and scans to diagnose this condition, there have been improvements in terms of treatments to provide short term relief to patients. However, there are efforts to develop treatments to address the disease in the initial stages and this has ensured a positive growth trend for the market.

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Increase in the functionality level of diagnostic equipments and upgradation of medical knowledge has led to increase in the demand that is generated for this particular sector. Increase in the numbers of malnutrition cases and genetic defects contributing to the rise of the hydrocephalus market. The sector’s growth can be restricted due to lack of awareness and government initiatives.

Latest Industry Updates:

Oct 2017 Integra Lifesciences has acquired Codman Neuro from Johnson & Johnson for $1.1 billion. Integra is divesting its assets in order to get the FTC's permission on its proposed acquisition of Johnson & Johnson's Codman Neurosurgery business. The Codman Neurosurgery business offers a portfolio of devices focused on hydrocephalus management, neuro intensive care and cranial surgery, and generated net revenues of approximately $371.5 million in 2016.

Sep 2017 Researchers from the Loma Linda University School of Medicine were awarded $1.7 million from the National Institutes of Health to continue their search for a treatment for hydrocephalus, the buildup of excessive cerebrospinal fluid in the brain. The team aims to develop a better treatment for hydrocephalus, by using fetal rat brains, they will study whether the mechanism that produces cerebrospinal fluid can be manipulated. If the amount of cerebrospinal fluid can be controlled, patients with hydrocephalus would have a more effective treatment and a better quality of life.

Nov 2017 Alcyone Lifesciences have designed a non-invasive ventricular catheter and flusher system restores or increases cerebrospinal fluid (CSF) flow in a non-flowing shunt, thereby advancing the treatment for hydrocephalus. They also announced that the U.S. Food and Drug Administration (FDA) have cleared the Alivio Ventricular Catheter & Flusher System (Alivio System) for the treatment of hydrocephalus. This comes on the heels of Alcyone receiving the EU CE Mark last month.

Dec 2017 A multidisciplinary team of researchers on the IUPUI campus has received a $1.8 million grant from the U.S. Department of Defense to gain a better understanding of hydrocephalus and commence developing potential treatments. The researchers, from the School of Science at IUPUI and the Indiana University School of Medicine, are conducting a preclinical evaluation of drug compounds, including one they have identified as a strong prospective candidate to treat hydrocephalus.

April 2017 Medtronic plc recently launched its new StealthStation technology. The StealthStation technology has been a mainstay in neurosurgery suites for the past 25 years, being used in more than 2.25 million procedures. The StealthStation S8 technology includes a new and improved software interface, a two-cart platform design, and electromagnetic technology to complement the surgical workflows.

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Hydrocephalus Market - Competitive Analysis

With the entry of new industry players in the hydrocephalus market segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

The key players in this market are HLL Life care Limited, ChristophMiethke GmbH & Co. KG, Codman &Shurtleff, Inc., DePuySynthes Companies, HP BioprotesesLtda. Few of the other important market players are Integra LifeSciences Corp, Medtronic, SOPHYSA Inc., RAUMEDIC, Spiegelberg GmbH & Co. KG, Tokibno Co. Ltd., and Vittamed.

Hydrocephalus Market – Segments

The hydrocephalus market is segmented on the basis of category, diagnosis type, treatment type and region.

On The Basis Of Category: Congenital, Compensated, Acquired and Others.

On The Basis Of Diagnosis Type: Head Ultrasound, CT Scan – Head And Others.

On The Basis Of Treatment Type: Surgery – Shunt Insertion, Medication and Others.

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

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Hydrocephalus Market - Regional Analysis

Geographically, the global hydrocephalus market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Rest of the World. North America is the largest market for Hydrocephalus. The North American market for is expected to grow at an exceptional CAGR and is expected to achieve a million dollar growth by the end of the forecasted period. Europe is the second-largest market for Hydrocephalus which is expected to grow at an outstanding CAGR%. Asia pacific region is expected to be fastest growing region in Hydrocephalus Market.

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This release was published on openPR.