Global CSF management market was valued USD 1.2 billion in 2015 and is expected to generate revenue of USD 1.6 billion by end of 2021.
Sarasota, FL -- (SBWIRE) -- 04/28/2017 -- Zion Market Research has published a new report titled "CSF Management Market (CSF Drainage Systems and CSF Shunts) for Hospitals, Outpatient Facilities, and Other End-users: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021" According to the report, global CSF Management Market was valued around USD 1.2 billion in 2015, and is expected to generate revenue of USD 1.6 billion by end of 2021, growing at a CAGR of around 5.0% between 2016 and 2021.
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Hydrocephalus i.e. swelling of the brain is caused due to multiple reasons such as the colloid cyst, craniofacial anomalies, benign intracranial cysts, intracranial hemorrhage, choroid plexus tumor, and meningitis. In patients suffering from hydrocephalus, excessive CSF is formed and it can severely impact the patient, as it can increase intracranial pressure (ICP) which may lead to herniation, intracranial hematoma or cerebral edema. CSF management products i.e. CSF drainage systems and CSF shunts are used in hospitals, outpatient facilities, and other end-user segments.
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.
The CSF management market is segmented on the basis of different products including CSF drainage systems and CSF shunts. In 2015, 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.
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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.
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 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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This report segments the global CSF management market as follows:
Global CSF Management Market: Product Segment Analysis
CSF Drainage Systems
Global CSF Management Market: End-user Segment Analysis
Global CSF Management Market: Regional Segment Analysis
The Middle East and Africa