The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hydrocephalus market report forecasts the hydrocephalus market size to grow to $3.67 Billion by 2027, with a CAGR (compound annual growth rate) of more than 1%.

Learn More On The Hydrocephalus Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hydrocephalus-global-market-report

Hydrocephalus Market Size Forecast
The global hydrocephalus market is expected to grow from $3.28 billion in 2022 to $3.44 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrocephalus market size is expected to grow to $3.67 billion in 2027 at a CAGR of 1.6%.

North America held the largest hydrocephalus market share.

Key Hydrocephalus Market Driver ­– Increase In The Prevalence Of Hydrocephalus
For instance, according to a 2021 report 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 prevalence of hydrocephalus is reported to be around 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. The prevalence is substantially higher in the senior population, around 175 per 100,000, and more than 400 per 100,000 for those over 80 years old. Therefore, increased prevalence of hydrocephalus is expected to propel the growth of the hydrocephalus market.

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Key Hydrocephalus Market Trend – Technological Advancement
The major players in the market are developing advanced technological hydrocephalus devices for the treatment of hydrocephalus. For instance, in June 2021, Cranial Devices Inc., a US-based start-up from Pennsylvania State University advanced a device named HydroFix, a high-tech shunt system that involves a CSF drain to improve the treatment of hydrocephalus. HydroFix technology will address the significant unmet clinical needs of reducing the risks related to surgical shunts failure.

Hydrocephalus Market Segment
1) By Type: Congenital Hydrocephalus, Acquired Hydrocephalus, Normal-Pressure Hydrocephalus, Ex-Vacuo Hydrocephalus
2) By Age Group: Pediatric, Adult
3) By Diagnostics: MRI, CT Scan, Head ultrasound, Other Diagnostics
4) By End User: Hospitals, Diagnostic Centers, Academic Institutions, Research Organizations

Hydrocephalus Market Major Players and Strategies
Major players in the hydrocephalus market are Christoph Miethke GmbH & Co. KG, Medtronic PLC., Sophysa, Tokibo Co. Ltd., Spiegelberg GmbH & Co. KG., B. Braun Melsungen AG, Alcyone Therapeutics Inc., Natus Medical Incorporated, HpBio Proteses Inc., Surgiwear Ltd., and Kaneka Medix Corporation.

In May 2020, Aesculap, Inc., a Germany-based manufacturer of surgical instruments, medical devices and sterilization container systems, partnered with the Christoph Miethke GmbH & Co. KG. The partnership aimed at launching the latest generation of Hydrocephalus valve technology, M.blue valve. Its distinctive gravitational technology combines with a fixed differential pressure unit in a single valve to provide a straightforward, position-dependent solution. Christoph Miethke GmbH & Co. KG is a Germany-based medical technology company developing innovative, neurosurgical implants for patients with hydrocephalus.

The Hydrocephalus Global Market Report 2023 covers regional data on hydrocephalus market size, hydrocephalus market trends and drivers, opportunities, strategies, and hydrocephalus market competitor analysis. The countries covered in the hydrocephalus market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Hydrocephalus is a medical condition in which the cerebrospinal fluid (CSF) that commonly passes through the spaces of the brain and spinal column in normal circumstances starts accumulating in the cavities of brain structures, resulting in a variety of cognitive abnormalities.

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