Global Cerebrospinal Fluid Management Devices Market Research Report Information by Product, by Age Group, by End User, and by Region Forecast till 2027
Global Cerebrospinal Fluid Management Devices Market Research Report Information by Product (Shunts, Valve, Critical Care Products, Dural Sealants, Others), by Age Group (Pediatric, Adult, Geriatric), by End User (Hospitals, Ambulatory Settings, Research and Academic Institutes, Others), and by Region (Americas, Europe, Asia-Pacific, Middle East & Africa) Forecast till 2027
Industry Overview
The global cerebrospinal fluid management devices market is expected to achieve a value of USD 3,821.61 million by 2027, expanding at a 5.45% CAGR by the end of 2027. Cerebrospinal fluid management devices help maintain the balance of CSF within the central nervous system. By draining or diverting excess fluid, these devices reduce intracranial pressure and are vital for treating conditions like hydrocephalus and traumatic brain injury.
The increase in the elderly population globally is among the main factors that have contributed to the growth of the cerebrospinal fluid management devices market. The age-related neurological disorders that are also generally healthy in this group of people include Alzheimer's disease, Parkinson's, and stroke. The United Nations predicts that the number of elderly will rise to 425 million by 2050, which will mean higher healthcare needs. Such an evolution of the demographic structure is expected to have the most profound effect on the demand for CSF management devices, as the elderly in general are the least healthy with degenerative diseases and complications requiring clinical intervention.
Major Company Development
In October 2017, Natus Medical Incorporated took over the neurosurgical product line of Integra LifeSciences to supplement its product offerings. The deal amounted to the acquisition of the Camino ICP monitoring line, US rights to fixed pressure shunts, CSF collection systems, Codman's DURAFORM dural graft implant, and standard EVD catheters, among others. Through the union of these products, Natus widened its knowledge base in neurological care and strengthened its competitive position. The strategic move was aimed at accelerating growth and strengthening the company's presence in the global cerebrospinal fluid management devices market.
Key Players
Major players in the global cerebrospinal fluid management devices market are Medtronic PLC, Natus Medical Incorporated, B. Braun Melsungen AG, Sophysa, IRRAS AB, Moller Medical GmbH, Argi Grup, Longeviti, Integra LifeSciences, Corporation, and Anuncia.
Report Attribute Details
Market Size 2019: USD 2,505.13 Million
Market Size 2027: USD 3,821.61Million
CAGR (2020-2027): 5.45%
Base Year: 2019
Market Forecast Period: 2020-2027
Industry Segmentations
By Product: Shunts - 5.26%, Critical Care Products - 5.44%.
By Age Group: Pediatric - 5.30%, Adult - 5.67%.
By End User: Hospitals - 5.41%, Ambulatory Settings - 5.71%.
Regional Analysis
The CSF management devices market in the Americas leads in volume, which is supported by the presence of industry players with huge capital investments, good hospital infrastructure, and a significant number of R&D projects. In 2019, North America generated USD 705.99 million, complemented by USD 213.13 million from Latin America.
Europe is still a competitive market that drives innovation, and it is mainly the Western part of Europe that has the largest share. To keep their position, companies concentrate on staff-surgeon relations and product-specific training programs, which creates higher usage of implantable devices for CSF management. Europe posted notable figures, with Western Europe contributing USD 543.03 million and Eastern Europe adding USD 154.80 million.
The Asia-Pacific area is becoming a highly dynamic market and is likely to be a region of high potential with soaring healthcare spending and a strong government support for R&D. The organizations and conferences in the region act as the brakes on the machine of knowledge exchange. China led at USD 190.98 million, while Japan and India followed with USD 125.10 million and USD 98.68 million.
The Middle East & Africa market is still in its developmental stage, yet it holds long-term promise with increasing hospital expansions and growing collaborations. GCC nations are actively investing in healthcare modernization, encouraging partnerships with multinational companies.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 OVERVIEW
1.2 MARKET SYNOPSIS
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY
2.2 RESEARCH OBJECTIVE
2.3 LIST OF ASSUMPTIONS
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA MINING
3.3 SECONDARY RESEARCH
3.4 PRIMARY RESEARCH
3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS
3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS
3.5 FORECASTING TECHNIQUES
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
3.6.1 BOTTOM-UP APPROACH
3.6.2 TOP-DOWN APPROACH
3.7 DATA TRIANGULATION
3.8 VALIDATION
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 INCREASING PREVALENCE OF HYDROCEPHALUS & SUBSEQUENT RISE IN NUMBER OF SHUNTING PROCEDURES
4.2.2 GROWING GERIATRIC POPULATION
4.3 RESTRAINT
4.3.1 COMPLICATIONS RELATED TO CSF SHUNT SYSTEMS
4.4 OPPORTUNITY
4.4.1 ENTERING DEVELOPING MARKETS
4.5 COVID-19 IMPACT ANALYSIS
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 R&D AND DESIGNING
5.1.2 MANUFACTURING
5.1.3 DISTRIBUTION
5.1.4 MARKETING AND SALES
5.1.5 POST-SALES MONITORING
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 BARGAINING POWER OF BUYERS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
6 GLOBAL CEREBROSPINAL FLUID MANAGEMENT DEVICES MARKET, BY PRODUCT
6.1 OVERVIEW
6.2 SHUNTS
6.3 CRITICAL CARE PRODUCTS
6.4 DURAL SEALANTS
6.5 OTHERS
7 GLOBAL CEREBROSPINAL FLUID MANAGEMENT DEVICES MARKET, BY AGE GROUP
7.1 OVERVIEW
7.2 PEDIATRIC
7.3 ADULT
7.4 GERIATRIC
8 GLOBAL CEREBROSPINAL FLUID MANAGEMENT DEVICES MARKET, BY END USER
8.1 OVERVIEW
8.2 HOSPITALS
8.3 AMBULATORY SETTINGS
8.4 RESEARCH & ACADEMIC INSTITUTES
9 GLOBAL CEREBROSPINAL FLUID MANAGEMENT DEVICES MARKET, BY REGION
9.1 OVERVIEW
9.2 AMERICAS
9.2.1 NORTH AMERICA
9.2.1.1 US
9.2.1.2 CANADA
9.2.2 LATIN AMERICA
9.3 EUROPE
9.3.1 WESTERN EUROPE
9.3.1.1 GERMANY
9.3.1.2 FRANCE
9.3.1.3 REST OF WESTERN EUROPE
9.3.1.4 UK
9.3.1.5 ITALY
9.3.1.6 SPAIN
9.3.2 EASTERN EUROPE
9.4 ASIA-PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 REST OF ASIA PACIFIC
9.4.4 INDIA
9.4.5 SOUTH KOREA
9.4.6 AUSTRALIA
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST
9.5.2 AFRICA
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 MAJOR GROWTH STRATEGY IN THE GLOBAL CEREBROSPINAL FLUID MANAGEMENT DEVICES MARKET
10.4 THE LEADING PLAYERS IN TERMS OF NUMBER OF DEVELOPMENTS IN THE GLOBAL CEREBROSPINAL FLUID MANAGEMENT DEVICES MARKET