Hydrocephalus Shunts Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Hydrocephalus Shunts Market Report Overview
The hydrocephalus shunts market was valued at $450.3 million in 2023. The market will grow at a CAGR of more than 2% from 2023 to 2033. Surgical treatment of hydrocephalus with a cerebrospinal fluid (CSF) shunting system is a common neurosurgery procedure performed on both pediatric and adult patients. Due to a high complication rate, patients often require revision surgeries where the valve, catheter, or both shunt components, need to be replaced. Shunt failure can occur for various reasons including obstruction, over drainage, under drainage, and infection.
Hydrocephalus Shunts Market Outlook 2023-2033 ($ Million)
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The hydrocephalus shunts market research report explains the market behavior, which will help identify quantitative market trends within neurology devices therapeutic areas. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies. The model also discusses the detailed impact of COVID-19 on the Hydrocephalus shunts market for 2020 and beyond.
Market Size (2023) | $450.3 million |
CAGR (2023-2033) | >2% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Hydrocephalus Shunts Market Dynamics
Most hydrocephalus shunting markets will experience growth in the forecast period. In most regions, this growth will be driven by a combination of an aging population and increased diagnosis of adult-acquired hydrocephalus cases. Compound annual growth rates are predicted to be modest, with an average of 1.81%. However, most North American, European, and Asia Pacific countries have the potential for much stronger growth, should improvements be made in normal pressure hydrocephalus (NPH) diagnosis, as well as uptake of adjustable pressure valves and antimicrobial catheters.
Hydrocephalus Shunts Market Segmentation by Regions
The key regions in the Hydrocephalus shunts market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, North America had the largest share of the hydrocephalus shunts market and is expected to retain its position throughout the forecast period.
In North America, most newly diagnosed hydrocephalus cases are for acquired, rather than congenital, hydrocephalus. The US and Canada both have large elderly populations, with 10.45% and 12.9% of their respective inhabitants being aged 70 years or older. These aging populations not only boost the size of the current hydrocephalus shunting market but also provide strong potential for growth. Despite this, NPH remains an under-diagnosed condition, improvements in NPH diagnosis and awareness are needed to unlock this potential.
Hydrocephalus Shunts Market Analysis by Regions, 2023 (%)
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Hydrocephalus Shunts Market Segmentation by Segments
The key segments in the hydrocephalus shunts market are hydrocephalus catheters and hydrocephalus valves. In 2023, the hydrocephalus valves segment had the largest share of the hydrocephalus shunts market and is expected to retain its position throughout the forecast period. The hydrocephalus valves are further segmented into adjustable pressure valves and fixed pressure valves.
Hydrocephalus Shunts Market Analysis by Segment, 2023 (%)
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Hydrocephalus Shunts Market – Competitive Landscape
The key companies in the Hydrocephalus shunts market are Medtronic Plc, Integra LifeSciences Holdings Corp, Sophysa SA, Aesculap Inc, Spiegelberg GmbH & Co KG, Natus Medical Inc, Hpbio, and G. Surgiwear Ltd among others. In 2023, Integra LifeSciences Holdings Corp accounted for the highest hydrocephalus shunts market share and value.
Hydrocephalus Shunts Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report
Hydrocephalus Shunts Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Hydrocephalus Shunts Regional Outlook ($ Million, 2015-2033)
- Hydrocephalus Catheters
- Antimicrobial Catheters
- Standard Catheters
- Hydrocephalus Valves
- Adjustable Pressure Valves
- Fixed Pressure Valves
Key Inclusions of the market model are:
Currently marketed Hydrocephalus shunts market and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total hydrocephalus shunts market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Hydrocephalus shunts market.
- Competitive dynamics insights and trends provided for the hydrocephalus shunts market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Medtronic Plc, Integra LifeSciences Holdings Corp, Sophysa SA, Aesculap Inc, Spiegelberg GmbH & Co KG, Natus Medical Inc, Hpbio, G. Surgiwear Ltd and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives who must have a deep understanding of the Hydrocephalus shunts marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
- Understand the impact of COVID-19 on hydrocephalus shunts.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Hydrocephalus shunts.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the hydrocephalus shunts market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific hydrocephalus shunts market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Integra LifeSciences Holdings Corp
Sophysa SA
Aesculap Inc
Spiegelberg GmbH & Co KG
Natus Medical Inc
Hpbio
G. Surgiwear Ltd
Others
Frequently asked questions
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What is the hydrocephalus shunt market size in 2023?
The hydrocephalus shunts market size will be $450.3 million in 2023.
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What will be the hydrocephalus shunts market CAGR be from 2023 to 2033?
The market will grow at a CAGR of more than 2% from 2023 to 2033.
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Which region dominated the hydrocephalus shunts market in 2023?
North America was the largest regional segment of the hydrocephalus shunts market in 2023.
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Which are the key companies operating in the hydrocephalus shunts market?
The key companies in the Hydrocephalus shunts market are Medtronic Plc, Integra LifeSciences Holdings Corp, Sophysa SA, Aesculap Inc, Spiegelberg GmbH & Co KG, Natus Medical Inc, Hpbio, G. Surgiwear Ltd and Others.
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