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

North America held the largest hydrocephalus market share in 2022.

The global hydrocephalus market size grew 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%.

Major Driver In The Hydrocephalus Market ­– 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.

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

Key Hydrocephalus Market Segments
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

Recent Hydrocephalus Market Trend – Technological Advancement
Technological advancements are the key trends gaining popularity in the hydrocephalus market. The major players in the market are developing advanced technological hydrocephalus devices for the treatment of hydrocephalus.

Hydrocephalus Market Prominent Players
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.

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The Hydrocephalus Global Market Report 2023  provides a comprehensive overview on the hydrocephalus market size, trends and drivers, opportunities, strategies, and companies 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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