Global Hydrocephalus Market: Scenario

Hydrocephalus is a medical condition, characterized by a build-up of cerebrospinal fluid within the brain, causing an expansion of brain-ventricles. Thus, the brain size increases in this disease and post ill effects include developmental and physical disabilities, the decline in memory, and others. The increasing prevalence of hydrocephalus and the rising demand for minimally invasive surgery are the major drivers for the market growth. According to a study published in the Gerontology and Geriatric Medicine Journal in 2016, the prevalence rate of normal pressure hydrocephalus varies from 0.3% to 3.0% in patients who age 65 years or more. Additionally, the rising per capita healthcare expenditure and rising pediatric population boost the market growth. According to the Hydrocephalus Association in 2015, approximately one in every 1,000 infants is estimated to be born with the disease. However, factors such as lack of awareness and the high cost of therapeutic surgery followed by the related risks of meningitis, seizure, and others are estimated to restrain the market during the forecast period.

Hydrocephalus Market: Segmentation

The global hydrocephalus market is segmented on the basis of type, diagnosis, treatment, and end user.

On the basis of type, the market is segmented into congenital hydrocephalus, compensated hydrocephalus, normal pressure hydrocephalus, and others. On the basis of diagnosis, the market is categorized into neurological exam, lumber test, brain imaging, and others. The lumber test segment is sub-segmented into lumbar puncture, lumbar drainage test, and others. The brain imaging segment is sub-segmented into ultrasound, Magnetic Resonance Imaging (MRI), Computerized Tomography (CT), and others. On the basis of treatment, the market is segmented into surgery, diuretics, and others. The surgery segment is sub-segmented into shunt surgery, Endoscopic Third Ventriculostomy (ETV), and others. The diuretics segment is sub-segmented into acetazolamide, furosemide, and others. On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic centers, and others.

Hydrocephalus Market: Regional Analysis

The Americas dominates the global hydrocephalus market owing to the rising prevalence of hydrocephalus, the presence of a well-developed healthcare sector, and major market players within the region. Additionally, the growing pediatric population and rising healthcare expenditure boost the market growth. On a regional basis, the Americas is divided into North America and South America. North America is estimated to lead the market due to the presence of developed economies such as the US and Canada within the region. On the other hand, South America is estimated to be the fastest growing region for the market.

Europe stands second in the global hydrocephalus market. This can be due to the increasing availability of funds for research, a huge patient population, and a well-developed healthcare sector. Additionally, the increasing pediatric population provides favorable backgrounds for the market growth within the region. The child population, aging in between 0 to 14 years is estimated to increase from 17.6% of the total population in 2013 to 18.4% of the total population by 2020. Regionally, Europe is divided into Western Europe and Eastern Europe. Eastern Europe is the fastest growing region, and Western Europe is estimated to lead the market.

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Asia Pacific is estimated to the fastest growing region for hydrocephalus market. This can be attributed to the presence of developing economies such as India, China, and Australia besides others and a developing healthcare sector within the region. According to the Brain Foundation, each year in Australia, one in every 1,000 children is born with hydrocephalus. Additionally, the increasing healthcare expenditure and the increasing government support fuel the market growth.

The Middle East and Africa holds the least market share owing to the low per capita healthcare expenditure and stringent government policies, especially within the African region. On the hand, the Middle East holds a majority of the market due to a well-developed healthcare sector and huge healthcare expenditure by developed economies such as Kuwait, Qatar, Dubai, and others within the region.

Hydrocephalus Market : Key players

HLL Lifecare Limited (India), Christoph Miethke GmbH & Co. KG (Germany), Codman &Shurtleff, Inc. (U.S.), DePuy Synthes (U.S.), Integra LifeSciences Corp (U.S.), Medtronic (U.S.), SOPHYSA Inc. (France), RAUMEDIC AG (U.S.), Spiegelberg GmbH & Co. KG (Germany), Tokibno Co. Ltd. (Japan), Vittamed (U.S.), others.

Major Points form TOC for Hydrocephalus Market Research Report – Forecast to 2022

Chapter 1. Report Prologue

Chapter 2. Market Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Global Hydrocephalus Market, By Type

Chapter 7. Global Hydrocephalus Market, By Treatment

Chapter 8 Global Hydrocephalus Market, By End User

Chapter 9. Global Hydrocephalus Market, By Region

Chapter 10. Company Landscape

Chapter 11. Company Profiles

Chapter 12. MRFR Conclusion

Chapter 13. Appendix

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