Overview and Scope
Hydrocephalus is a medical condition in which the cerebrospinal fluid (CSF) that commonly passes through the spaces of the brain and spinal column in normal circumstances starts accumulating in the cavities of brain structures, resulting in a variety of cognitive abnormalities.
Sizing and Forecast
The hydrocephalus market size has grown strongly in recent years. It will grow from $3.46 billion in 2023 to $3.63 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to neurological disorders awareness, pediatric healthcare advances, increased incidence of traumatic brain injuries, improved access to healthcare, research and development initiatives.
The hydrocephalus market size is expected to see strong growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to neuroendoscopy advancements, growing geriatric population, regulatory support for medical devices, rise in traumatic brain injuries, global health initiatives. Major trends in the forecast period include increased focus on pediatric neurology, technological innovations in shunt systems, advancements in medical technology, advancements in surgical techniques, innovation in shunt technologies.
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Segmentation & Regional Insights
The hydrocephalus market covered in this report is segmented –
1) By Type: Congenital Hydrocephalus, Acquired Hydrocephalus, Normal-Pressure Hydrocephalus, Ex-Vacuo Hydrocephalus
2) By Age Group: Pediatric, Adult
3) By Diagnostics: MRI, CT Scan, Head ultrasound, Other Diagnostics
4) By End User: Hospitals, Diagnostic Centers, Academic Institutions, Research Organizations
North America was the largest region in the hydrocephalus market in 2023. The regions covered in the hydrocephalus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increased prevalence of hydrocephalus is significantly contributing to the growth of the hydrocephalus market. Hydrocephalus is a medical condition in which the cerebrospinal fluid (CSF) starts accumulating in the cavities of brain structures, resulting in a variety of cognitive abnormalities. The increasing incidences of hydrocephalus are increasing the demand for hydrocephalus treatment devices to treat the patients. For instance, according to a 2021 report published in the National Center for Biotechnology Information, a part of the United States National Library of Medicine, a branch of the National Institutes of Health, the global prevalence of hydrocephalus is reported to be around 85 per 100,000 people, with a notable disparity between age groups 88 per 100,000 in children and 11 per 100,000 in adults. The prevalence is substantially higher in the senior population, around 175 per 100,000, and more than 400 per 100,000 for those over 80 years old. Therefore, increased prevalence of hydrocephalus is expected to propel the growth of the hydrocephalus market.
Key Industry Players
Major companies operating in the hydrocephalus market report are Johnson & Johnson Corporation, Thermo Fisher Scientific, Medtronic PLC, MIZUHO Co. Ltd., B. Braun Melsungen AG, Helios Hospital, Agilent Technologies Inc., Texas Children’s Hospital, Boston Children’s Hospital, Karl Storz Se And Co. Kg, Integra LifeSciences Corporation, Children’s National Hospital, Natus Medical Incorporated, Aesculap Inc., HLL Lifecare Limited, Sophysa SA, Anadolu Medical Center, Christoph Miethke GmbH & Co. KG, Alcyone Therapeutics Inc., Moller Medical GmbH, Spiegelberg GmbH & Co. KG, G. SURGIWEAR LTD., Tokibo Co. Ltd., HpBio Proteses Inc., Desu Medical, Dispomedica GmbH, Kaneka Medix Corporation, Delta Surgical Limited
The hydrocephalus market report table of contents includes:
1. Executive Summary
2. Hydrocephalus Market Characteristics
3. Hydrocephalus Market Trends And Strategies
4. Hydrocephalus Market – Macro Economic Scenario
5. Global Hydrocephalus Market Size and Growth
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31. Hydrocephalus Market Other Major And Innovative Companies
32. Global Hydrocephalus Market Competitive Benchmarking
33. Global Hydrocephalus Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hydrocephalus Market
35. Hydrocephalus Market Future Outlook and Potential Analysis
36.Appendix
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