The global CSF Management market spur at a CAGR of 5.5% by forecast 2028 It is fragmented by product and end user
CSF Management Market
The global CSF Management market accounted for USD 1.5 Billion in 2020 and is expected to reach USD 2.4 Billion by 2028, growing at a CAGR of around 5.5% between 2021 and 2028.
Cerebrospinal fluid (CSF) is a clear fluid it environs the brain and spinal cord. It mitigates the brain and spinal cord from damage and also assists as a nutrient distribution and waste exclusion system for the brain. CSF is manufactured unceasingly in parts of the brain called ventricles and is captivated by the bloodstream. CSF is mostly leaked by the choroid plexus with additional sources playing an extra ill-defined part, a grownup yields between 400 to 600 ml per day.
The players in the industry are focusing aggressively on innovation, as well as on including advanced technologies. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the CSF Management market study.
COVID-19 Impact Analysis:
The restrictions imposed by various nations to contain COVID had stopped the demand and supply resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in upcoming year. The significant decrease in the Global CSF Management market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
Global CSF management market is primarily driven by the increase in elderly population across the globe. Another major driving factor for CSF management market is increasing demand for minimally invasive procedures. However, the high cost of surgery is a major restraint that may limit the growth of the market. Nonetheless emerging economies such as India and China is likely to disclose the new avenues for CSF management market in the near future. Ongoing technological advancement and rising research projects related to brain injuries are the factors stimulating the market. Strong potential in treating Hydrocephalus and other brain associated disorders will fuel the market growth.
Segment Analysis Preview
The CSF management market is segmented on the basis of different products including CSF drainage systems and CSF shunts. In 2016, CSF shunts were the largest segment in CSF management market and accounted for largest share of the total market. Additionally, it is expected to continue its dominance while CSF drainage system is expected to be the fastest growing segment in the global market over the forecast period. CSF drainage system is comparatively more accurate and cost-effective which is the prime reason for the growth of this segment.
Hospitals, outpatient facilities, and others are the key end-user of the global CSF management market. The hospital end-user segment dominated the market in terms of revenue hospital end-user segment is also likely to have a significant growth within the forecast period.
Key Market Players & Competitive Landscape
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global air quality control system market are B. Braun Melsungen AG., DePuy Synthes., Integra LifeSciences Holding Corporation, Codman EDS, Inc., Medtronic plc, Sophysa S.A.., Spiegelberg GmbH & Co. KG, BeckerSmith Medical, Möller Medical GmbH.
The global CSF Management Market was valued at USD 1.5 billion in 2020.
The global CSF Management Market is expected to reach USD 2.1 billion by 2028, growing at a CAGR of 5.5% between 2021 to 2028.
Global CSF management market is primarily driven by the increase in elderly population across the globe. Another major driving factor for CSF management market is increasing demand for minimally invasive procedures.
North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa are key regional segments of global CSF management market. North America is expected to remain the dominant region over the forecast period in 2015. Demand for CSF management was highest in Asia-Pacific. Hence, Asia Pacific is expected to be the fastest growing region in CSF management market during the forecast period. Europe is expected to have the noticeable growth rate for this market during the forecast period.
Some of the major players of global CSF Management market includes B. Braun Melsungen AG., DePuy Synthes., Integra LifeSciences Holding Corporation, Codman EDS, Inc., Medtronic plc, Sophysa S.A.., Spiegelberg GmbH & Co. KG, BeckerSmith Medical, Möller Medical GmbH.
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