Hydrocephalus Shunts Market Report by Type (Ventriculo-Peritoneal, Ventriculo-Atrial, Ventriculo-Pleural, Lumbo-Peritoneal), Product Type (Hydrocephalus Valves, Hydrocephalus Catheters), Age Group (Infants, Children, Adults), End User (Hospitals, Ambulatory Surgical Centers), and Region 2024-2032
The global hydrocephalus shuntsmarket size reached US$ 450.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 623.8 Million by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 450.9 Million
Market Forecast in 2032
US$ 623.8 Million
Market Growth Rate 2024-2032
3.6%
Hydrocephalus shunts refer to a medical device used for treating a condition that occurs when fluid builds up in the brain and results in increased intracranial pressure within the skull. It is commonly available in valves, catheters, adjustable pressure valves and fixed pressure valve variants. It is a flexible tube placed into the brain area where cerebrospinal fluid (CSF) is produced. Hydrocephalus shunts consist of an inflow or proximal catheter that drains CSF from the lateral ventricles, a valve mechanism that regulates intracranial pressure by controlling fluid flow and an outflow or distal catheter that runs under the skin and directs CSF. It assists in soothing the tension on the cerebrum and returning the brain's enlarged ventricles to their actual size.
Hydrocephalus Shunts Market Trends:
The increasing prevalence of brain and neurological disorders among the masses is one of the key factors driving the growth of the market. Hydrocephalus shunts are widely used due to the rising incidence of congenital abnormalities, brain and nerve injuries, accidents leading to central nervous system (CNS) defects and lifestyle diseases. Additionally, the increasing product demand to treat hydrocephalus among infants that could lead to enlargement of the head and damaging brain is favoring the market growth. Moreover, various technological advancements, such as the development of anti-siphon devices that assist in avoiding siphon effects over cerebrospinal fluid, are providing a thrust to the market growth. In line with this, the development of programmable valves for controlling the flow of cerebrospinal fluid and preventing it from moving in the wrong direction is positively impacting the market growth. Other factors, including significant growth in the healthcare industry, along with the implementation of various government initiatives to spread awareness regarding hydrocephalus shunts, are anticipated to drive the market toward growth further across the globe.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrocephalus shunts market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, product type, age group and end user.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Ventriculo-Peritoneal
Ventriculo-Atrial
Ventriculo-Pleural
Lumbo-Peritoneal
Breakup by Product Type:
Hydrocephalus Valves
Adjustable Pressure Valves
Fix Pressure Valves
Hydrocephalus Catheters
Breakup by Age Group:
Infants
Children
Adults
Breakup by End User:
Hospitals
Ambulatory Surgical Centers
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Argi Group, B. Braun Melsungen AG, Christoph Miethke GmbH & Co. KG, G. Surgiwear Ltd., HLL Lifecare Limited, Integra LifeSciences, Kaneka Medix Corporation (Kaneka Corporation), Medtronic Plc, Natus Medical Incorporated, Sophysa, Spiegelberg GmbH & Co. KG (SHS Medizintechnik Holding GmbH) and TKB Corporation.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Million
Segment Coverage
Type, Product Type, Age Group, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Argi Group, B. Braun Melsungen AG, Christoph Miethke GmbH & Co. KG, G. Surgiwear Ltd., HLL Lifecare Limited, Integra LifeSciences, Kaneka Medix Corporation (Kaneka Corporation), Medtronic Plc, Natus Medical Incorporated, Sophysa, Spiegelberg GmbH & Co. KG (SHS Medizintechnik Holding GmbH) and TKB Corporation
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global hydrocephalus shunts market was valued at US$ 450.9 Million in 2023.
We expect the global hydrocephalus shunts market to exhibit a CAGR of 3.6% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic had led to postponement of elective hydrocephalus treatment procedures to reduce the risk of coronavirus infection upon hospital visits, thereby negatively impacting the global market for hydrocephalus shunts.
The rising prevalence of brain and neurological disorders, along with the increasing adoption of hydrocephalus shunts to treat hydrocephalus among infants that could lead to the enlargement of the head and brain damage, is primarily driving the global hydrocephalus shunts market.
Based on the type, the global hydrocephalus shunts market has been segmented into ventriculo-peritoneal, ventriculo-atrial, ventriculo-pleural, and lumbo-peritoneal. Among these, ventriculo-peritoneal currently holds the majority of the total market share.
Based on the product type, the global hydrocephalus shunts market can be divided into hydrocephalus valves and hydrocephalus catheters. Currently, hydrocephalus valves exhibit a clear dominance in the market.
Based on the age group, the global hydrocephalus shunts market has been categorized into infants, children, and adults. Among these, children currently account for the majority of the global market share.
Based on the end user, the global hydrocephalus shunts market can be segregated into hospitals and ambulatory surgical centers. Currently, hospitals hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global hydrocephalus shunts market include Argi Group, B. Braun Melsungen AG, Christoph Miethke GmbH & Co. KG, G. Surgiwear Ltd., HLL Lifecare Limited, Integra LifeSciences, Kaneka Medix Corporation (Kaneka Corporation), Medtronic Plc, Natus Medical Incorporated, Sophysa, Spiegelberg GmbH & Co. KG (SHS Medizintechnik Holding GmbH), and TKB Corporation.
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