North America Hydrocephalus Market, By Type (Congenital Hydrocephalus, Acquired Hydrocephalus, Normal-Pressure Hydrocephalus, and Ex-Vacuo Hydrocephalus), Diagnosis (CT scan, MRI, and Ultrasound), Treatment (Surgery Shunt Insertion and Ventriculostomy), Age Group (Pediatric and Adult), End Users (Hospitals, Clinics, Diagnostic Centers and Academic Institutions and Research Organizations) – Industry Trends and Forecast to 2030.
North America Hydrocephalus Market Analysis and Size
Neurological disorders are affecting many people in this region and appear to be on the rise. The incidence of congenital hydrocephalus in highly developed countries is expected to be about 50-100 per 100,000 live births. Neonatal-acquired hydrocephalus is anticipated at 30-50 per 100,000 live births. Numerous government bodies and healthcare organizations are supporting medical research centers. The growing support by healthcare organizations and government bodies significantly boosts the demand for hydrocephalus products.
Data Bridge Market Research analyses a growth rate in the hydrocephalus market in the forecast period 2023-2030. The expected CAGR of the hydrocephalus market tends to be around 5.8% in the mentioned forecast period. The market was valued at USD 745.59 million in 2022 and would grow to USD 1,170.54 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America Hydrocephalus Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Congenital Hydrocephalus, Acquired Hydrocephalus, Normal-Pressure Hydrocephalus, and Ex-Vacuo Hydrocephalus), Diagnosis (CT scan, MRI, and Ultrasound), Treatment (Surgery Shunt Insertion and Ventriculostomy), Age Group (Pediatric and Adult), End Users (Hospitals, Clinics, Diagnostic Centers and Academic Institutions and Research Organizations)
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Countries Covered
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U.S., Canada, Mexico
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Market Players Covered
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Aesculap, Inc. (U.S.), Integra LifeSciences (U.S.), G.SURGIWEAR LTD (India), MÖLLER Medical (Germany), CHRISTOPH MIETHKE GMBH & CO. KG (Germany), KARL STORZ SE & Co. KG (Germany), Medtronic (Ireland), Natus Medical Incorporated (U.S.), Spiegelberg GmbH & Co. KG. (Germany), KANEKA MEDIX CORP (Japan)
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Market Opportunities
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Market Definition
Hydrocephalus is when cerebrospinal fluid (CSF) gets stored in the brain. It is the abnormal buildup of fluids in the cavities deep inside the brain. Hydrocephalus is one of the most prevalent reasons for brain surgery in young children. This condition can occur in pediatrics or adults and can be detected using CT scans, MRIs, head ultrasounds, and so on.
North America Hydrocephalus Market Dynamics
Drivers
- Increasing Rate of Hydrocephalus
The growing incidences of hydrocephalus are surging the demand for hydrocephalus to treat patients. For instance, as per a report of 2021 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 incidence of hydrocephalus is witnessed to be about 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. Thus, this factor increases the growth of the market.
- Increasing Technological Advancements by Market Players
Several technological advancements are gaining much popularity in the hydrocephalus market. Several major players in the market are launching advanced technological hydrocephalus devices to treat hydrocephalus. For instance, Cranial Devices Inc., a U.S.-based start-up from Pennsylvania State University, advanced a device known as HydroFix, a high-tech shunt system involving a CSF drain to improve the treatment of hydrocephalus in 2021. This technology will address the major unmet clinical needs of decreasing the risks associated with surgical shunt failure. This factor boosts the market growth.
Opportunities
- Growing Rate of Partnerships
There are varied partnerships by major market players that lead to market growth. For instance, Aesculap, Inc., a Germany-based manufacturer of surgical instruments, medical devices, and sterilization container systems, partnered with Christoph Miethke GmbH & Co. KG in 2020. The goal was to launch the latest generation of Hydrocephalus valve technology, the M.blue valve. Its gravitational technology combines with a fixed differential pressure unit in a single valve to offer a straightforward, position-dependent solution. Thus, this factor boosts market growth.
- Increasing Research Activities
Research activities are going on by varied market players that focus on the potential redesign of the hydrocephalus catheters, which may increase the market growth. For instance, MIT researchers published a paper in the Journal of the Royal Society Interface, proposing and validating the latest design principle for hydrocephalus catheters in 2020. The design aims to overcome the major challenge of regularly obstructing these devices. Thus, this factor boosts market growth.
Restraints/Challenges
- Lack of Skilled Professionals
This is a very rare disease that everyone does not know. Several physicians and healthcare providers are unknown of this disease's treatment and diagnosis, leading to delays in the treatment process. This lack of accessibility in low and middle-income countries challenges market growth. Thus, this factor impedes the growth of the market.
This hydrocephalus market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hydrocephalus market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2021, researchers received a grant of USD 14 million from the National Institute of Neurological Disorders and Stroke (NINDS) to successfully study the effectiveness of hydrocephalus treatment.
North America Hydrocephalus Market Scope
The hydrocephalus market is segmented on the basis of type, diagnosis, treatment, age group and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Congenital
- Acquired
- Normal-Pressure
- Ex-Vacuo
Diagnosis
- CT scan
- MRI
- Ultrasound
Treatment
- Surgery Shunt Insertion
- Ventriculostomy
Age group
- Pediatric
- Adult
End User
- Hospitals
- Clinics
- Diagnostic Centers
- Academic Institutions
- Research Organizations
Hydrocephalus Market Regional Analysis/Insights
The hydrocephalus market is analyzed and market size insights and trends are provided by type, diagnosis, treatment, age group, and end user, as referenced above.
The major countries covered in the hydrocephalus market report are U.S., Canada, Mexico.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of North america brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The hydrocephalus market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hydrocephalus market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hydrocephalus market. The data is available for historic period 2011-2021.
Competitive Landscape and North America Hydrocephalus Market Share Analysis
The hydrocephalus market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North america presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydrocephalus market
Key players operating in the hydrocephalus market include:
- Aesculap, Inc. (U.S.)
- Integra LifeSciences (U.S.)
- G.SURGIWEAR LTD (India)
- MÖLLER Medical (Germany)
- CHRISTOPH MIETHKE GMBH & CO. KG (Germany)
- KARL STORZ SE & Co. KG (Germany)
- Medtronic (Ireland)
- Natus Medical Incorporated (U.S.)
- Spiegelberg GmbH & Co. KG. (Germany)
- KANEKA MEDIX CORP (Japan)
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