Published on : Apr 28, 2017
Albany, New York, April 28, 2017: According to the latest forecast report, ongoing research for deriving and developing the application of the CSF management platforms in the treatment of neurotoxic diseases is attributive to drive industrial growth significantly in the coming years. These research projects are mainly aimed at management of hydrocephalus and other cerebrospinal fluid associated disorder. A well-organized study, focusing the current market status of cerebrospinal fluid management devices, along with future growth prospects has been recently placed in the vast repository of Market Research Hub (MRH) and titled as “Global Cerebrospinal Fluid (CSF) Management Devices Market 2017-2021”. The key highlights of the study reveal expected compound annual growth rate (CAGR) of 3.95% during the period of 2017-2021.
Initially, the report comprises an executive summary, including a market snapshot that provides overall information of several segments and sub-segments. Also, the geographical segmentation has been included in the study which outlines major regions, such as Americas, EMEA and APAC. Trending factors influencing the market shares of the above regions are further explained.
Cerebrospinal fluid is a clear, colorless body fluid found in the brain and spinal cord. Cerebrospinal fluid dynamics has unique nature in each patient which has challenged neurologists, neurosurgeons, and medical device developers. This has led to increasing demand for advanced CSF management devices. The market has been segmented by end users which include Hospitals and Ambulatory surgical centers (ASCs). Based on type of product, the CSF management market has been classified into:
- CSF shunts
- CSF drainage systems
CSF shunts and CSF drainage systems are used manage the CSF flow in the body away from the ventricles in a controlled manner, thereby providing an alternative pathway. Being the most conventional method, shunt captured the maximum market share in terms of revenue generation. Also, they are considered as common treatment for hydrocephalus management. Hydrocephalus is defined as an imbalance between the production and absorption of CSF. This increase in CSF may be due to numerous reasons such as defective absorption, over formation of CSF, brain atrophy or obstruction of circulation.
Furthermore, the report includes qualitative analysis of the CSF management market including the factors determining the market dynamics such as drivers, restraints and opportunities along with Porter’s Five Forces Analysis. According to the research, the market is experiencing a huge shift towards the minimally invasive approach to address the disorders of CSF circulation and help treat, isolated lateral ventricle, multiloculated hydrocephalus, fourth ventricular outlet obstruction, tumors, and arachnoid cysts that block CSF flow.
By looking to the market scenario, analysts have found some primary drivers for instance, rise in incidence of neurological diseases and brain disorders; growing demand for minimally invasive surgeries are expected to fuel the market growth.
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Moving further, research has profiled the leading vendors which include-
- DePuy Synthes
- Integra LifeSciences
Some other prominent vendors are Biometrix, Mller Medical, Spiegelberg, Dispomedica, BeckerSmith Medical.
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