Hydrocephalus Shunts Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Hydrocephalus Valves, Hydrocephalus Catheters), Age Group, End-User, and Geography.

Market Snapshot

Hydrocephalus Shunt Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8 %
Hydrocephalus Shunt Market Major Players

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Market Overview

The Hydrocephalus Shunts Market is expected to register a CAGR of 8% during the forecast period. The growth of the market is attributed to the rise in the geriatric population, a rise in the prevalence of brain & neurological disorder and increasing adoption of advanced programmable valves. Neurosurgeons are inclining towards the latest technology shunts, antisiphon devices and advance programmable valves. Antisiphone devices help in avoiding siphon effects over cerebrospinal fluid. Moreover, the increasing prevalence of brain disorders is leading to high demand for advanced shunts for treating hydrocephalus. For instance, according to the Centers for Disease Control and Prevention (CDC) in the United States, around 20,000 to 30,000 people witness disabilities due to traumatic brain injury which can be the contributing factor for the growth of hydrocephalus shunts market. Furthermore, product launches, product approval and increase in focus by several players on expanding product portfolio in neurosurgery is also anticipated to propel the hydrocephalus shunts market. For instance, during the year 2016, Medtronic, one of the key players for the market studied had received FDA approval for the Neuro valve and shunts for the treatment of cerebrospinal fluid disorder and hydrocephalus. However, issues regarding the infection caused using hydrocephalus shunts may hamper the market growth.

Scope of the Report

Hydrocephalus shunt is a medical device that helps in treating a condition in the brain in which excessive accumulation of cerebrospinal fluid occurs which results in increased intracranial pressure within the skull.  These devices relieve pressure on the brain caused by fluid accumulation.

By Product Type
Hydrocephalus Valves
Adjustable Pressure Valves
Fix Pressure Valves
Hydrocephalus Catheters
By Age Group
Pediatric
Adult
By End-User
Hospitals
Ambulatory Surgical Centers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Pediatric Segment is Expected to Dominant the Hydrocephalus Shunts Market and is Expected to do the Same in Forecast Period

Hydrocephalus is the most common reason for brain injury in pediatric which is leading to the adoption of hydrocephalus shunts and is promoting the revenue growth of the market. For instance, according to the Hydrocephalus Association, one out of 770 babies develop hydrocephalus making it a common down syndrom. The presence of such a large population suffering from hydrocephalus is leading to the adoption of shunts by pediatric neurosurgeons and drive the hydrocephalus shunts market.

Hydrocephalus Shunt Market Key Trends

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global Hydrocephalus Shunts market due to the rise in a number of patients with hydrocephalus and burgeoning emphasis on the management of neurological disorders. As per Hydrocephalus Association in 2019, an estimated 1 million people in the United States were affected by hydrocephalus and 1 in every 1000 babies has hydrocephalus, thus leading to the adoption of hydrocephalus shunts and promoting the growth in this region. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.

Hydrocephalus Shunt Market Growth Rate

Competitive Landscape

The Hydrocephalus Shunts Market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market include Christoph Miethke GmbH & Co. KG, Medtronic Plc, Sophysa, Tokibo Co., Ltd., Spiegelberg GmbH & Co. KG., B. Braun Melsungen AG, Integra LifeSciences Corporation and Johnson & Johnson.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in Prevalence of Brain and Neurological Disorder

      2. 4.2.2 Increase in Geriatric Population

      3. 4.2.3 Increasing Adoption of Advanced Programmable Valves

    3. 4.3 Market Restraints

      1. 4.3.1 Shunt Malfunction and Shunt Infection

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Hydrocephalus Valves

        1. 5.1.1.1 Adjustable Pressure Valves

        2. 5.1.1.2 Fix Pressure Valves

      2. 5.1.2 Hydrocephalus Catheters

    2. 5.2 By Age Group

      1. 5.2.1 Pediatric

      2. 5.2.2 Adult

    3. 5.3 By End-User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgical Centers

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Christoph Miethke GmbH & Co. KG

      2. 6.1.2 Medtronic Plc

      3. 6.1.3 Sophysa

      4. 6.1.4 Tokibo Co., Ltd.

      5. 6.1.5 Spiegelberg GmbH & Co. KG .

      6. 6.1.6 B. Braun Melsungen AG

      7. 6.1.7 Integra LifeSciences Corporation

      8. 6.1.8 Johnson & Johnson

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Hydrocephalus Shunts Market market is studied from 2018 - 2026.

The Hydrocephalus Shunts Market is growing at a CAGR of 8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Christoph Miethke GmbH & Co. KG, Medtronic, Sophysa, Tokibo Co., Ltd, Spiegelberg GmbH & Co. KG. are the major companies operating in Hydrocephalus Shunts Market.

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