The global Cerebrospinal Fluid Management market is expected to reach US$ 2.61 billion by 2028, registering a CAGR of 5.3% during the forecast period 2021-2028. The report highlights the key factors driving and restraining the market growth, trends prevailing in the market, and prominent players with their developments.
Cerebrospinal fluid (CSF) management involves using devices such as shunts and external drainage systems to maintain the flow of CSF and drain excess fluid from the brain. Increased intracranial pressure can result in an irreversible injury to the central nervous system. Among many functions of the cerebrospinal fluid, it protects against acute changes in venous and arterial blood pressure or impact pressure. Factors such as the high prevalence of hydrocephalus and the subsequent increase in the number of shunting procedures are driving the global market. However, the lack of skilled professionals in developing economies and complications related to CSF shunt malfunctions is expected to hamper the overall market growth.
The impact of COVID-19 has been far-reaching. The effects on neurological patients make them one of the worst affected groups. COVID-19 has greatly impacted the number of patients undergoing tumor diagnosis and treatment. The increased pressure due to the growing rate of hospitalization of COVID-19 patients led to the re-profiling of many hospitals and departments, including neurology clinics for treating patients with the COVID-19. The cerebrospinal fluid management market in Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. China and India are major contributors to the market growth, owing to the increasing incidences of CSF leaks and growing developments for CSF management products.
Medtronic plc; Integra LifeSciences Corporation; B. Braun Melsungen AG; Depuy Synthes; Sophysa SA; BeckerSmith Medical; Biometri, Spiegelberg GmbH & Co; Moller Medical GmbH; and Dispomedica GmbH are among the leading companies operating in the cerebrospinal fluid management market.
Read More @ https://www.theinsightpartners.com/reports/cerebrospinal-fluid-management-market
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1–646–491–9876