Hydrocephalus Market to Reach $10.17 Billion, Globally, by 2030 at 4.0% CAGR: Allied Market Research

Portland, ore.And Jan 19 2022 /PRNewswire/ – Allied Market Research has published a report titled, Hydrocephalus Market By cause (congenital hydrocephalus and acquired hydrocephalus), type (persistent hydrocephalus and non-communicating hydrocephalus), diagnosis (computed tomography, MRI, ultrasound), treatment (shunt insertion surgery and ventriculostomy), and age (newborns Pediatrics and Adults): Global Opportunity Analysis and Industry Outlook, 2021-2030. ” According to the report, the global hydrocephalus industry was born 6.90 billion dollars In 2020, it is expected to reach $10.17 billion By 2030, we could see a compound annual growth rate of 4.0% from 2021 to 2030.

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Drivers, limitations and opportunities

Increasing prevalence of hydrocephalus, increasing adoption of hydrocephalus shunt, and increasing incidence of neurological disorders is driving the growth of the global hydrocephalus market. However, conversion glitch and related injuries are hampering market growth. On the other hand, technological developments in the healthcare sector present new opportunities in the coming years.

Covid-19 scenario

  • Due to lockdown restrictions and the possibility of cross-contamination, the flow of patients has decreased dramatically. However, it is estimated that the demand for advanced programmable shunts to treat hydrocephalus patients will increase worldwide.
  • It is estimated that the emergence of disruptive technologies such as the ‘eShunt system’ is boosting the growth of the post-pandemic hydrocephalus market.

Section acquired hydrocephalus to continue its dominance during the prediction period

Depending on the cause, the acquired hydrocephalus segment contributed the highest share in 2020, accounting for more than half of the global hydrocephalus market, and is expected to continue its dominance during the forecast period. This is due to an increase in neurological disorders and injuries such as intraventricular hemorrhage, stroke, tumors and many other types of cerebrospinal fluid infections that can lead to the development of hydrocephalus among patients. However, the congenital hydrocephalus segment is expected to experience the largest compound annual growth rate of 4.3% from 2021 to 2030.

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adult segment to continue its leadership position during the forecast period

Based on age, the adult segment captured the largest share in 2020, accounting for more than half of the global hydrocephalus market, and is expected to continue its leadership position during the forecast period. Moreover, this segment is expected to register the highest compound annual growth rate of 4.3% from 2021 to 2030. This is due to higher incidences of intraventricular hemorrhages or other brain injuries. The report also analyzes the Department of Neonatology and Pediatrics.

North America To continue its leadership in terms of revenue by 2030

based on the area, North America It had the highest market share in 2020, capturing more than two-fifths of the global hydrocephalus market, and is expected to continue to lead in terms of revenue by 2030. This is due to the high prevalence of neurological disorder, increase in the number of hydrocephalus patients, And the development of advanced medical devices for health care, and technological advancements for hydrocephalus in the region. However, Asia Pacific It is expected to show the fastest compound annual growth rate of 5.0% during the forecast period. This is due to increased awareness of minimally invasive surgeries, increased incidence of stroke and cerebrospinal fluid related disorders, and technological advances.

Leading market players

  • Company Aesculap
  • Integra Life Sciences
  • Karl Storz Se And Co. kg
  • Company Proteses
  • Medtronic plc.
  • Hood Medical Company
  • Boston Children’s Hospital
  • Anadolu Medical Center
  • HELIOS Hospital
  • Texas Children’s Hospital
  • National Children’s Hospital

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“We have also published a few common market studies in the same field that may interest you. Below is the title of the report for your reference., considering the impact of Covid-19 on this market which will help you to assess the after effects of the pandemic on the short term and long term growth trends of this market. “

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Allied Market Research (AMR) is a full-service market research and business consultancy of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides global organizations as well as medium and small businesses with unparalleled quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted viewpoint to provide business insights and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their market space.

pawan kumar, CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional institutional relationships with many companies and this helps us extract market data that helps us in creating accurate research spreadsheets and assures the utmost accuracy in our market forecasts. All the data presented in the reports published by us are extracted through preliminary interviews with senior officials from the leading companies in the respective field. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry knowledgeable professionals and analysts.

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