About Hydrocephalus Shunts
Hydrocephalus Shunts is a medical device used to treat brain conditions. These shunt devices relieve pressure on the brain caused by fluid accumulation. As per sources, in the United States, approximately 20,000 to 30,000 people witness disabilities due to traumatic brain injury. These increasing cases of brain injury will contribute the market growth in the North American region. It is anticipated that 1 to 2 of every 1000 babies is born with hydrocephalus globally. These rising cases of neurological disorders among children will drive the market growth in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
The global hydrocephalus shunts market is highly competitive and consists of a limited number of vendors who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant growth opportunities for the market in forecast years. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic plc (Ireland), Johnson & Johnson (United States), Integra LifeSciences Corporation (United States), Sophysa (France), B.Braun (Germany), Christoph Miethke GmbH & Co. KG (Germany), Tokibo Co., Ltd. (Japan), Spiegelberg GmbH & Co. KG (Germany), G. Surgiwear Ltd (India), HLL Lifecare Limited (India), Kaneka Medix Corporation (Japan) and Natus Medical Incorporated (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydrocephalus Shunts market by Type (Hydrocephalus Valves { Adjustable Pressure Valves, Fix Pressure Valves} and Hydrocephalus Catheters), Application (Adult and Child) and Region.
On the basis of geography, the market of Hydrocephalus Shunts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by End-User, the sub-segment i.e. End-User Hospitals will boost the Hydrocephalus Shunts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Pediatric will boost the Hydrocephalus Shunts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements In Shunt Technology For Reducing Shunt Complications
Market Growth Drivers:
Rise In Prevalence Of Brain And Neurological Disorder and Increase In Geriatric Population
Challenges:
Serious Damages Caused By Infections And Malfunctions Of Existing Shunts
Restraints:
Shunt Malfunction And Shunt Infection
Opportunities:
Increasing Adoption Of Advanced Programmable Valves and Rising Brain Injuries in Children
Market Leaders and their expansionary development strategies
In 2021, Penn State researchers were working on a new technology called HydroFix, an advanced surgical shunt system designed to mitigate many of the risks associated with shunts currently on the market.
In 2021, Researchers received a USD 14 million grant from the National Institute of Neurological Disorders and Stroke (NINDS) to study the effects of hydrocephalus treatment.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Hydrocephalus Shunts Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.