Hydrocephalus Shunts Market - Forecast(2021 - 2026)

Report Code: HCR 71278 Report Format: PDF + Excel (Delivery in 48 Hrs)

Hydrocephalus Shunts Market Overview

The Hydrocephalus Shunts Market size was estimated at $368 million in 2020, projected to grow at a CAGR of 3.7% during the forecast period 2021-2026. Hydrocephalus is a condition characterized by an abnormal accumulation of cerebrospinal fluid within cavities inside the brain. Hydrocephalus is typically seen in infants and it could lead to enlarging of the head and brain damage owing to which children are commonly treated using a surgical procedure, in which a tube called a shunt (mostly Ventriculoperitoneal shunt) is placed into the body. These shunts drain the excessive fluid into another area of the body. Rising number of pediatric hydrocephalic due to brain bleeds, brain tumors, spina bifida, head injury and infection are the major factor driving the Hydrocephalus Shunts Market.

According to the National Institute of Neurological Disorders and Stroke, every year globally 1 to 2 babies per 1000 babies are born with Hydrocephalus condition. Considering the growing number of total newborns globally, the prevalence of hydrocephalus is all set to increase in the future. Moreover rising cases of neurological disorders resulting from tumor, meningitis or hemorrhage along with technological advancements such as in programmable valves are predicted to boost the demand for hydrocephalus shunts during the forecast period 2020-2025.

Hydrocephalus Shunts Market Report Coverage

The report: “Hydrocephalus Shunts Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Hydrocephalus Shunts Market.
By Type: Ventriculoperitoneal, Ventriculoatrial, Ventriculopleural, and Lumboperitoneal.
By Product: Hydrocephalus Valves (Adjustable Pressure Valves, Fix Pressure Valves) and Hydrocephalus Catheters.
By Age Group: Infants, Children, and Adults.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Others), APAC (China, Japan India, South Korea, Australia and Others) South America (Brazil, Argentina and others) and Rest of the World (Middle East and Africa).

Key Takeaways

  • Geographically, North America region held 40.2% of the total market share in 2020 owing to the growing Hydrocephalus cases and increasing health concerns.
  • Increasing incidence of neurological conditions and congenital diseases along with rising cases of accidents leading CNS defects are major factor driving the Hydrocephalus Shunts Market during the forecast period 2020-2025.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Hydrocephalus Shunts Market.

Hydrocephalus Shunts Market Segment Analysis - By Type

By Type, the market is segmented into ventriculoperitoneal shunts, ventriculoatrial shunts, ventriculopleural shunts and lumboperitoneal shunts. Ventriculoperitoneal shunt segment accounted for the major share and is projected to grow at a CAGR of 3.2% during the forecast period 2021-2026 and they are considered as the first line of treatment for hydrocephalus as these shunts are considered to be the most developed and technically advanced. Moreover these shunts are less prone to malfunction and reduced bacterial infection when compared to the other shunts, thereby reducing the life threating possibility and driving the market.

Hydrocephalus Shunts Market Segment Analysis - By Age

By age, the market is segmented into Infants, Children, and Adults. Children segment accounted for the major share and is projected to grow at a CAGR of 3.5% during the forecast period 2021-2026. Excess of Cerebrospinal fluid discharge choroid plexus in the ventricle leads to Hydrocephalus. Brain bleeds as a result of prematurity, Spina bifida and head injury which are the most common reason for hydrocephalus in pediatric and is leading to the adoption of hydrocephalus shunts and promoting the revenue growth of the market. According to the Hydrocephalus Association, one in every 770 babies develop hydrocephalus making it as common as Down syndrome. The presence of such a massive pediatric population suffering from hydrocephalus is prime reason for the adoption of shunts by pediatric neurosurgeons thereby driving the Hydrocephalus Shunts Market.

Hydrocephalus Shunts Market Segment Analysis - By Geography

Based on geography, North America dominated the Hydrocephalus Shunts Market with a region share of 40.2% in 2020 followed by Europe and APAC. Better healthcare structure, growing neurological cases and increasing health concerns are the major factor propelling the growth in this region. The presence of large number of hospitals and easy availability of technologically advanced instruments in this region is further driving the market growth in this region. However, Asia Pacific is set to be the fastest growing region during the forecast period 2021-2026 owing to the increased demand of advanced treatment and rising population.

Hydrocephalus Shunts Market, By Geography, 2020 (%)

Hydrocephalus Shunts Market Drivers

Increasing Incidence of Neurological Conditions

Increasing incidence of neurological conditions and congenital diseases along with rising cases of accidents leading CNS defects are major factors driving the Hydrocephalus Shunts Market during the forecast period 2020-2025. According to Centers for Disease Control and Prevention (CDC) in the United States, above 30,000 people witness disabilities due to traumatic brain injury and are directly attributed to hydrocephalus each year. While an estimated average of 75,000 shunt operations are performed each year in U.S according to hydrocephalus Association. The growing congenital diseases patients, rising cases of accidents and their will to undergo the Hydrocephalus Shunts surgical procedure is poised to propel the market.

Technological Advancement

From the evolution of shunt tubing materials to developments in programmable valves for controlling the flow of cerebrospinal fluid, shunt technology has progressed significantly over the last few decades (CSF). In order to reduce the chances of infection, catheters available now are impregnated with antibiotics due to more medical developments. Technical advancements have also increased the number of minimally invasive techniques available and improved their management thereby driving the market.

Hydrocephalus Shunts Market Challenges

Crisis in Diagnostics and Access to Care

According to recent study. an estimated 3 million people around the globe are currently living with normal pressure hydrocephalus in which 80% of cases remain unrecognized and often goes undiagnosed and untreated. Accurately diagnosing the adult hydrocephalus can be a major challenge. Additionally, since so little is known about the condition, doctors are often reluctant to take on complicated hydrocephalus cases, particularly in adults. Moreover surgical and post-surgical complication such as ventriculoatrial shunt catheter tip migration causing tricuspid regurgitation is another significant and challenging factor that is predicted to impede the future market growth

COVID-19 Impact

Due to the Covid-19 outbreak, the Hydrocephalus Shunts end-user industries are facing issues such as delays in receiving shunts from the manufacturers due to the restriction on import and export of commodities. In addition, there are delays in receiving raw material, which is further resulting in delayed shipments to the customer. Moreover, the shipment orders are being heavily affected due to the non-availability of vessels and blank sailing, which is further leading to decreased storage stock of shunts. Covid-19 pandemic is having a huge impact as production of Hydrocephalus Shunts has been disruptively stopped, contributing to a major loss, thereby acting as a major restrain to the market.

Hydrocephalus Shunts Market Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Hydrocephalus Shunts Market. Key companies of this market are Christoph Miethke GmbH & Co. KG, G. Surgiwear Ltd., HLL Lifecare Limited, HpBio Próteses, Inc., Integra Life Sciences, Kaneka Medix Corporation, Medtronic plc, Natus Medical Incorporated, Spiegelberg GmbH & CO. KG, and Tokibo Co., Ltd..

Developments

  • In May 2020, Alcyone Lifesciences received FDA approval for the commercial resale of a new device "The ReFlow shunt system" to treat hydrocephalus.

Report Code: HCR 29106

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1. Hydrocephalus Shunts Market Overview
    1.1 Definitions and Scope
2. Hydrocephalus Shunts Market Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends By Type
    2.3 Key trends By Product
    2.4 Key trends By Age Group
    2.5 Key trends By Geography
3. Hydrocephalus Shunts Market Landscape
    3.1 Product Benchmarking- Key Companies
    3.2 Financial Analysis- Key Companies
    3.3 Patent Analysis
    3.4 Pricing Analysis–Average Pricing
4. Hydrocephalus Shunts Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Hydrocephalus Shunts Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Hydrocephalus Shunts Market Forces
    6.1 Market Drivers
    6.2 Market Constraints and Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Hydrocephalus Shunts Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Hydrocephalus Shunts Market – By Type
    8.1 Ventriculoperitoneal (VP)
    8.2 Ventriculoatrial (VA)
    8.3 Ventriculopleural
    8.4 Lumboperitoneal (LP)
9. Hydrocephalus Shunts Market – By Product
    9.1 Hydrocephalus Valves
        9.1.1 Adjustable Pressure Valves
        9.1.2 Fix Pressure Valves
    9.2 Hydrocephalus Catheters
10. Hydrocephalus Shunts Market – By Age Group
    10.1 Infants
    10.2 Children
    10.3 Adults
11. Hydrocephalus Shunts Market - By Geography
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K
        11.2.2 Germany
        11.2.3 France
        11.2.4 Spain
        11.2.5 Italy
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 India
        11.3.2 China
        11.3.3 Japan
        11.3.4 Australia
        11.3.5 South Korea
        11.3.6 Rest of Asia pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Hydrocephalus Shunts Market Entropy
13. Hydrocephalus Shunts Market - Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Key companies
        13.1.2 Market Share by Region- Key companies
        13.1.3 Market Share at Global Level- Key companies
        13.1.4 Best Practices for Companies
14. Hydrocephalus Shunts Market - Key Company List by Country Premium Premium
15. Hydrocephalus Shunts Market Company Analysis (Company Revenue, Products, M&A, Developments)
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Hydrocephalus Shunt Market, By Type Market 2019-2024 ($M)
1.1 Ventriculo-Peritoneal Market 2019-2024 ($M) - Global Industry Research
1.2 Ventriculo-Atrial Market 2019-2024 ($M) - Global Industry Research
1.3 Ventriculo-Pleural Market 2019-2024 ($M) - Global Industry Research
1.4 Lumbo-Peritoneal Market 2019-2024 ($M) - Global Industry Research
2.Global Hydrocephalus Shunt Market, By Age-Group Market 2019-2024 ($M)
2.1 Infant Market 2019-2024 ($M) - Global Industry Research
2.2 Toddler Market 2019-2024 ($M) - Global Industry Research
2.3 Child Market 2019-2024 ($M) - Global Industry Research
2.4 Adult Market 2019-2024 ($M) - Global Industry Research
3.Global Hydrocephalus Shunt Market, By Type Market 2019-2024 (Volume/Units)
3.1 Ventriculo-Peritoneal Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Ventriculo-Atrial Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Ventriculo-Pleural Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Lumbo-Peritoneal Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Hydrocephalus Shunt Market, By Age-Group Market 2019-2024 (Volume/Units)
4.1 Infant Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Toddler Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Child Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Adult Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Hydrocephalus Shunt Market, By Type Market 2019-2024 ($M)
5.1 Ventriculo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
5.2 Ventriculo-Atrial Market 2019-2024 ($M) - Regional Industry Research
5.3 Ventriculo-Pleural Market 2019-2024 ($M) - Regional Industry Research
5.4 Lumbo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
6.North America Hydrocephalus Shunt Market, By Age-Group Market 2019-2024 ($M)
6.1 Infant Market 2019-2024 ($M) - Regional Industry Research
6.2 Toddler Market 2019-2024 ($M) - Regional Industry Research
6.3 Child Market 2019-2024 ($M) - Regional Industry Research
6.4 Adult Market 2019-2024 ($M) - Regional Industry Research
7.South America Hydrocephalus Shunt Market, By Type Market 2019-2024 ($M)
7.1 Ventriculo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
7.2 Ventriculo-Atrial Market 2019-2024 ($M) - Regional Industry Research
7.3 Ventriculo-Pleural Market 2019-2024 ($M) - Regional Industry Research
7.4 Lumbo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
8.South America Hydrocephalus Shunt Market, By Age-Group Market 2019-2024 ($M)
8.1 Infant Market 2019-2024 ($M) - Regional Industry Research
8.2 Toddler Market 2019-2024 ($M) - Regional Industry Research
8.3 Child Market 2019-2024 ($M) - Regional Industry Research
8.4 Adult Market 2019-2024 ($M) - Regional Industry Research
9.Europe Hydrocephalus Shunt Market, By Type Market 2019-2024 ($M)
9.1 Ventriculo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
9.2 Ventriculo-Atrial Market 2019-2024 ($M) - Regional Industry Research
9.3 Ventriculo-Pleural Market 2019-2024 ($M) - Regional Industry Research
9.4 Lumbo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
10.Europe Hydrocephalus Shunt Market, By Age-Group Market 2019-2024 ($M)
10.1 Infant Market 2019-2024 ($M) - Regional Industry Research
10.2 Toddler Market 2019-2024 ($M) - Regional Industry Research
10.3 Child Market 2019-2024 ($M) - Regional Industry Research
10.4 Adult Market 2019-2024 ($M) - Regional Industry Research
11.APAC Hydrocephalus Shunt Market, By Type Market 2019-2024 ($M)
11.1 Ventriculo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
11.2 Ventriculo-Atrial Market 2019-2024 ($M) - Regional Industry Research
11.3 Ventriculo-Pleural Market 2019-2024 ($M) - Regional Industry Research
11.4 Lumbo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
12.APAC Hydrocephalus Shunt Market, By Age-Group Market 2019-2024 ($M)
12.1 Infant Market 2019-2024 ($M) - Regional Industry Research
12.2 Toddler Market 2019-2024 ($M) - Regional Industry Research
12.3 Child Market 2019-2024 ($M) - Regional Industry Research
12.4 Adult Market 2019-2024 ($M) - Regional Industry Research
13.MENA Hydrocephalus Shunt Market, By Type Market 2019-2024 ($M)
13.1 Ventriculo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
13.2 Ventriculo-Atrial Market 2019-2024 ($M) - Regional Industry Research
13.3 Ventriculo-Pleural Market 2019-2024 ($M) - Regional Industry Research
13.4 Lumbo-Peritoneal Market 2019-2024 ($M) - Regional Industry Research
14.MENA Hydrocephalus Shunt Market, By Age-Group Market 2019-2024 ($M)
14.1 Infant Market 2019-2024 ($M) - Regional Industry Research
14.2 Toddler Market 2019-2024 ($M) - Regional Industry Research
14.3 Child Market 2019-2024 ($M) - Regional Industry Research
14.4 Adult Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
2.Canada Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
3.Mexico Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
4.Brazil Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
5.Argentina Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
6.Peru Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
7.Colombia Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
8.Chile Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
9.Rest of South America Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
10.UK Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
11.Germany Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
12.France Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
13.Italy Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
14.Spain Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
15.Rest of Europe Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
16.China Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
17.India Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
18.Japan Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
19.South Korea Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
20.South Africa Hydrocephalus Shunts Market Revenue, 2019-2024 ($M)
21.North America Hydrocephalus Shunts By Application
22.South America Hydrocephalus Shunts By Application
23.Europe Hydrocephalus Shunts By Application
24.APAC Hydrocephalus Shunts By Application
25.MENA Hydrocephalus Shunts By Application
26.Johnson Johnson, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Medtronic Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Christoph Miethke Gmbh Co. Kg, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Sophysa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.B. Braun Melsungen Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Integra Lifesciences Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Tokibo Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Spiegelberg Gmbh Co. Kg, Sales /Revenue, 2015-2018 ($Mn/$Bn)