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.
Market Overview
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.
Growth Factors
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.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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 is segmented as follows:
By Product
By End-users
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By End-user
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global CSF Management Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 7. Global CSF Management Market for CSF Drainage Systems, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of CSF Management Market for CSF Drainage Systems, By Country, 2020 & 2028
FIG NO. 9. Global CSF Management Market for CSF Shunts, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of CSF Management Market for CSF Shunts, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By End-user, 2020 & 2028
FIG NO. 12. Global CSF Management Market for Outpatient Facilities, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of CSF Management Market for Outpatient Facilities, By Country, 2020 & 2028
FIG NO. 15. Global CSF Management Market for Hospital, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of CSF Management Market for Hospital, By Country, 2020 & 2028
FIG NO.17. Global CSF Management Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of CSF Management Market for Others, By Country, 2020 & 2028
FIG NO. 19. Global CSF Management Market Revenue Share, By Region, 2020 & 2028
FIG NO. 20. North America CSF Management Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 21. Porter’s Five Forces Analysis for Global CSF Management Market
FIG NO. 22. PEST Analysis for Global CSF Management Market
FIG NO. 23. Pricing Analysis for Global CSF Management Market
FIG NO. 24. Value Chain Analysis for Global CSF Management Market
FIG NO. 25. Company Share Analysis, 2019
FIG NO. 26. Radar Determinant Chart, 2019
FIG NO. 27. Company Strategic Developments – Heat Map Analysis
FIG NO. 28. B. Braun Melsungen AG Business Segment Revenue Share, 2020 (%)
FIG NO. 29. B. Braun Melsungen AG Geographical Segment Revenue Share, 2020 (%)
FIG NO. 30. Market Channels
FIG NO. 31. Marketing Channel Development Trend
FIG NO. 32. Growth in World Gross Product, 2008-2018
FIG NO. 33. Research Methodology – Detailed View
FIG NO.34. Research Methodology
List of Tables
TABLE NO. 1. Global CSF Management Market: Snapshot
TABLE NO. 2. Quarterly CSF Management Market Revenue by Region, 2020
TABLE NO. 3. Quarterly CSF Management Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global CSF Management Market for CSF Drainage Systems, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global CSF Management Market for CSF Shunts, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8: Global CSF Management Market for Outpatient Facilities, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global CSF Management Market for Hospital, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global CSF Management Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global CSF Management Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America CSF Management Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America CSF Management Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America CSF Management Market Revenue, By End-user, 2016 – 2028 (USD Billion)
TABLE NO. 15. U.S. CSF Management Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 16. U.S. CSF Management Market Revenue, By End-user, 2016 – 2028 (USD Billion)
TABLE NO. 17. Canada CSF Management Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 18. Canada CSF Management Market Revenue, By End-user, 2016 – 2028 (USD Billion)
TABLE NO. 19. Mexico CSF Management Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico CSF Management Market Revenue, By End-user, 2016 – 2028 (USD Billion)
TABLE NO. 21. Drivers for the CSF Management Market: Impact Analysis
TABLE NO. 22. Restraints for the CSF Management Market: Impact Analysis
TABLE NO. 23. Major Buyers of CSF Management
TABLE NO. 24. Distributors/Traders List of CSF Management
TABLE NO. 25. Global CSF Management Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 26: Global CSF Management Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global CSF Management market. Zion Research has collected and analyzed key data belong to the global CSF Management market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of CSF Management across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the CSF Management industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the CSF Management market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Hydrocephalus is the swelling of brain which is caused as a result of excessive build up of cerebrospinal fluid (CSF). This excessive CSF can severely impact the patient, as it can increase intracranial pressure (ICP) which can lead to herniation, intracranial hematoma or cerebral edema. Hydrocephalus is caused due to multiple reasons such as colloid cyst, craniofacial anomalies, benign intracranial cysts, intracranial hemorrhage, choroid plexus tumor, and meningitis. CSF management plays a vital role in treatment of such number of brain and nervous system related disorders.
Increase in elderly population globally is expected to be the major driver for the global CSF management market. In addition, increasing demand for minimally invasive procedures is expected to trigger the growth of CSF management market in the coming years. Emerging economies such as India, Brazil and China are expected to offer growth opportunities for CSF management market during the forecast period. However, high cost of surgery may pose the challenge to CSF management market.
Based on product, CSF management market has been segmented into CSF drainage systems and CSF shunts. CSF management market was dominated by CSF shunts segment which accounted for largest share as CSF shunts help brain to return to a normal size by relieving the symptoms of hydrocephalus. Further it is expected to continue its dominance over the forecast period. However, risk associated with CSF shunts such as it leads to infection that is caused due to the patient’s own skin organism may affect the for growth of this segment. A CSF drainage system eliminates blood clots from intrathecal spaces, clears CSF from ventricles, and reduces the incidence of vasospasm. CSF drainage system is comparatively more accurate and cost-effective. The segment is likely to expand at the fastest growth rate during the forecast period.
The CSF management market is segmented into end-user such as hospitals, outpatient facilities, and others. In terms of revenue, the hospitals end-user segment dominated the market in 2015. At present, hospitals end-user is acting as drivers for the growth of the CSF management market. The increase in demand for 3D cell surgery across the world is creating the demand for CSF management across the globe.
In terms of region, the report segments the global CSF management market into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is expected to remain the dominant region over the forecast period. Presence of large number of elderly population coupled along with technological advancement in this region is driving the CSF management market in North America. Asia Pacific is projected to be the fastest growing region for the CSF management market during the forecast period. The market growth in countries such as India and China as a result of increasing medical tourism and demand for minimal invasive technologies is expected to boost market in this region. Europe is expected to experience steady growth in the years to come as a result of growing elderly population in this region.
Some of the key players in B. Braun Melsungen AG, DePuy Synthes, Integra LifeSciences Holding Corporation, Codman EDS, Medtronic plc, Sophysa S.A., Spiegelberg GmbH & Co. KG, BeckerSmith Medical, Inc., and Möller Medical GmbH., among others.
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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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