Cerebrospinal Fluid (CSF) Management Market Size, Share, Opportunities, And Trends By Product Type (CSF Shunts, External Drainage Systems), By End-Users (Pediatric, Adult, Geriatric), By Industry (Hospitals, Clinics, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Aug 2024
- Report Code : KSI061611877
- Pages : 136
The global cerebrospinal fluid (CSF) management market is poised to expand from US$819.534 million in 2024 to US$1,036.706 million in 2029 at a 4.81% CAGR.
Cerebrospinal fluid (CSF) is found in the brain and spinal cord that protects the brain mechanically and immunologically. Various management devices, such as CSF drainage systems and CSF shunts, control the flow of CSF away from the ventricles in the body, preventing inappropriate CSF accumulation and hydrocephalus.
Developing several neuro-hospitals in emerging countries and ongoing investments for cost-effective treatment drive market expansion. Furthermore, the growing prevalence of neurological disorders, the high demand for minimally invasive surgeries fuelled by the growing geriatric population, rising disposable incomes, and advancing healthcare infrastructure are among the other contributing factors to the cerebrospinal fluid management market growth.
Moreover, hospitals are treating various neurovascular illnesses due to introducing new products and technical improvements that will give lucrative market growth prospects throughout the projected period. According to the National Institute of Neurological Disorders and Stroke, one to two out of every 1000 babies worldwide are born with hydrocephalus.
One of the most significant constraints on global business is the scarcity of qualified neurosurgeons, whose existing number is insufficient to meet the demand for quality healthcare in a rapidly rising senior population. Rising problems connected with CSF shunts and sensor-related infections are two major issues predicted to limit the worldwide cerebrospinal fluid management market's growth in the projected period. Apart from that, the market's growth is hampered by the high cost of devices and the infections generated by CSF shunts.
Global Cerebrospinal Fluid (CSF) Management Market Drivers:
- The growing prevalence of neurological & brain disease is expected to accelerate the market expansion.
The cerebrospinal fluid protects the brain and spinal cord from sudden injury by acting as a cushion. It also removes unnecessary elements surrounding the brain, assisting in the proper functioning of the central nervous system. CSF management prevents any leaks that might affect the brain or spinal cord. With the booming strength of brain injuries and neurological disorders, the demand for devices such as shunts and external drainage systems (EDS) is also anticipated to increase.
According to the October 2023 press release of the World Federation of Neurology, neurological disorders account for the second highest causes of death and disability globally. As per the federation’s recent study, nearly 40% of the global population suffers from some neurological condition; by 2050, the projected number will double, with major cases being reported in low to middle-income countries, which currently account for 84% of all neurological deaths occurring globally.
Global Cerebrospinal Fluid (CSF) Management Market Segment Analysis
- Shunts are estimated to account for a considerable share of the market.
By product type, the global cerebrospinal fluid management market is segmented into external drainage systems and shunts. Shunts are expected to dominate the CSF management industry owing to the rising number of shunting procedures conducted worldwide and the increasing number of revision shunt surgeries due to their malfunction and infection. The advantages of modern shunts, such as the reduced likelihood of revision surgery and a shorter average hospital stay, fuel the segment’s expansion.
- Pediatric is projected to account for a considerable market share.
By end-users, the global cerebrospinal fluid (CSF) management market is divided into adult, pediatric, and geriatric. During the forecast period, the paediatric category is estimated to account for a considerable market share fuelled by the increased prevalence of congenital hydrocephalus and the increasing number of shunting procedures performed in the paediatric population.
- Hospitals will account for a remarkable market share during the given timeframe.
The global cerebrospinal fluid (CSF) management market is analyzed by industry into hospitals, clinics, and others. Due to the large number of hospital cases linked to CSF management in the aging population, the hospital segment is anticipated to account for a sizable market share and expand at the quickest rate over the projection period.
Asia Pacific is poised for significant growth.
By geography, the global cerebrospinal fluid (CSF) management market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, where the latter is expected to grow at the highest rate. The developing medical tourism in Asia Pacific countries, fuelled by the rising prevalence of congenital hydrocephalus in China and the growing geriatric population in various nations, are driving regional market expansion.
Moreover, the ongoing research collaboration and investment to bolster treatment for neurological disorders are also expected to drive the regional market expansion. For instance, the “Dementia Science Program” implemented by the Department of Biotechnology and backed up by the Indian government aimed to study the prevalence rate of dementia in the aging population.
Likewise, North America is expected to grow considerably, fuelled by the strategic efforts undertaken by research institutes to bolster the treatment of neurological conditions. Major organizations, namely the Food and Drug Administration, are approving new neuropathy treatments for aging populations, which has provided new growth prospects. Additionally, the well-established presence of major market players, namely Medtronic, Johnson & Johnson, and IntegraLifeSciences, is acting as additional driving factors for regional market expansion.
Global Cerebrospinal Fluid (CSF) Management Key Market Development:
- In December 2023, Plus Therapeutic Inc. formed a partnership with K2bio to implement CSF cancer and molecular biomarker testing for CNS cancer patients. The respective processing & testing partnership forms part of Plus Therapeutics' strategy to address the therapeutic and diagnostics needs of CAN patients.
- In June 2023, Roche received the FDA’s 510(k) clearance for its “Elecsys® beta-Amyloid (1-42) CSF II (Abeta42)” and “Elecsys® Total-Tau CSF assays (tTau)” which would measure Alzhamier’s pathology in adults aged 55 years and above. The clearance further adds to Roche’s portfolio for defining the pathological process for Alzheimer’s amyloid plaques, neurodegeneration, and tau tangles.
- In January 2023, Biogen Inc. formed a license and collaboration agreement with Alyone Therapeutics for the development of the latter’s “ThecaFlex DRx™ System” into an implantable medical device that would deliver ASO (Antisense Oligonucleotide) therapies to cerebrospinal fluid. The agreement will optimize Alyone’s experience in CSF delivering technology, thereby improving the treatment experience for patients suffering from neurological conditions.
Cerebrospinal Fluid (CSF) Management Market Scope:
Report Metric | Details |
Cerebrospinal Fluid (CSF) Management Market Size in 2024 | US$819.534 million |
Cerebrospinal Fluid (CSF) Management Market Size in 2029 | US$1,036.706 million |
Growth Rate | CAGR of 4.81% |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2024 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Million |
Segmentation |
|
Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
List of Major Companies in Cerebrospinal Fluid (CSF) Management Market |
|
Customization Scope | Free report customization with purchase |
The Global Cerebrospinal Fluid (CSF) Management market is segmented and analyzed as follows:
- By Product Type
- CSF Shunts
- External Drainage System
- By End User
- Pediatric
- Adult
- Geriatric
- By Industry
- Hospital
- Clinics
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GLOBAL CEREBROSPINAL FLUID (CSM) MANAGEMENT MARKET BY PRODUCT TYPE
5.1. Introduction
5.2. CSF Shunts
5.3. External Drainage System
6. GLOBAL CEREBROSPINAL FLUID (CSM) MANAGEMENT MARKET BY END-USER
6.1. Introduction
6.2. Pediatric
6.3. Adult
6.4. Geriatric
7. GLOBAL CEREBROSPINAL FLUID (CSM) MANAGEMENT MARKET BY INDUSTRY
7.1. Introduction
7.2. Hospitals
7.3. Clinics
7.4. Others
8. GLOBAL CEREBROSPINAL FLUID (CSM) MANAGEMENT MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. Israel
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. India
8.6.3. Japan
8.6.4. South Korea
8.6.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Medtronic
10.2. Integra LifeSciences
10.3. Johnson & Johnson MEDTECH
10.4. B. Braun Melsungen AG
10.5. Spiegelberg GmbH & Co. KG (Acquired by SHS Medizintechnik Holding GmbH)
10.6. Sophysa (A subsidiary of tkb group)
10.7. Natus Medical Incorporated (Acquired by ArchiMed Group)
10.8. Argi Grup
10.9. Moller Medical GMBH
10.10. Delta Surgical
10.11. Wellong Instruments Co., Ltd.
Medtronic
Integra LifeSciences
Johnson & Johnson MEDTECH
B. Braun Melsungen AG
Spiegelberg GmbH & Co. KG (Acquired by SHS Medizintechnik Holding GmbH)
Sophysa (A subsidiary of tkb group)
Natus Medical Incorporated (Acquired by ArchiMed Group)
Argi Grup
Moller Medical GMBH
Delta Surgical
Wellong Instruments Co., Ltd.
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