Global CSF management devices market overview
According to csf management devices market anlaysis, this market is expected to grow at a steady rate and will post a steady CAGR of close to 4% during the forecast period. The growing demand for minimally invasive surgeries will drive the prospects for the global CSF management devices market growth in the forthcoming years. The market is experiencing a huge shift towards the minimally invasive approach to address the disorders of CSF circulation and help treat aqueductal stenosis, isolated lateral ventricle, multiloculated hydrocephalus, fourth ventricular outlet obstruction, tumors, and arachnoid cysts that block CSF flow. Since the procedure of placing shunts in individuals with hydrocephalus using advanced minimally invasive techniques with small caliber endoscopes is safe and accurate, the demand for CSF management devices will further increase. Moreover, the adoption rate of CSF management devices will increase because minimally invasive surgeries help reduce hospitalization costs, the length of hospital stay, and encourages faster recovery.
The Americas dominated the global CSF management devices market during 2016, and its dominance is expected to continue until the end of 2021. Factors such as an increase in the aging population and a rise in the prevalence of cerebral disorders such as ischemic stroke, stenosis, malformation, and the tumor will fuel the growth rate of the market for CSF management devices.
Competitive landscape and key vendors
The global CSF management devices market is highly competitive due to the presence of a large number of regional and international vendors on a global level. Factors such as advancements in technology, new product launches, and growth opportunities will increase the competition among the vendors in the market during the projected period. Several vendors are increasingly focusing on expanding their product portfolio and broaden their customer base by entering into strategic alliances with specialized companies manufacturing neurosurgical devices. Further, these vendors are increasingly competing against each other based on factors such as aggressive pricing, fewer side effects, convenient use, and technology up gradation.
Key vendors in this market are -
- B. Braun
- DePuy Synthes
- Integra LifeSciences
- Medtronic
- Sophysa
Other prominent vendors in the market include BeckerSmith Medical, Biometrix, Dispomedica, Möller Medical, and Spiegelberg.
Segmentation by product and analysis of the CSF management devices market
- CSF shunts
- CSF drainage systems
The CSF shunts market segment was the largest product segment in the global CSF management devices market in 2016. The dominance of market’s segment will continue due to several factors such as increasing number of neurovascular diseases and the growing number of the older population worldwide, especially in developed countries. The growing trend and popularity for minimally invasive neurosurgical procedures will further fuel the rate of adoption of CSF management devices during the projected period.
Segmentation by end user and analysis of the CSF management devices market
- Hospitals
- Ambulatory surgical centers
In 2016, the global dialyzer market was dominated by hospitals segment. This segment is expected to witness steady growth in the forthcoming years. Since hospitals procure medical products and consumables in bulk and engage closely with many suppliers, reimbursement providers, and government organizations, several patients rely on hospitals over other healthcare units.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global cerebrospinal fluid (CSF) management devices market?
- What are the key market trends impacting the growth of the global cerebrospinal fluid (CSF) management devices market?
- What are the challenges to market growth?
- Who are the key vendors in the global cerebrospinal fluid (CSF) management devices market?
- What are the market opportunities and threats faced by the vendors in the global cerebrospinal fluid (CSF) management devices market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global cerebrospinal fluid (CSF) management devices market?
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