According to a new report published by Allied Market Research, titled, โHydrocephalus Shunts Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” The global hydrocephalus shunts market size was valued at $291.00 million in 2019, and is projected to reach $322.01 million by 2027, registering a CAGR of 2.8% from 2020 to 2027. Growth in number of hydrocephalic patients across the globe majorly drives growth of the hydrocephalus shunts market. For instance, according to the National Institute of Neurological Disorders and Stroke, in 2020, 1 to 2 of every 1000 babies are born with hydrocephalus, globally. Thus, considering the total number of new borns per year, prevalence of hydrocephalus is all set to increase in the future.
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COVID-19 Impact
The COVID-19 pandemic has resulted in nationwide lockdowns, which has impacted every industry vertical. Likewise, the hydrocephalus shunts market is also affected by the pandemic. The hydrocephalus shunts industry is currently facing newer challenges to cope up with demand and supply of hydrocephalus shunts, owing to the COVID-19. In addition, inconsistent and interrupted supply chain activities and unavailability of human resources are expected to impact the market growth. The sudden onset of pandemic led to shutdown of neurological wards and clinics across numerous countries. At the same time, hospitals ran out of resources, owing to huge number of COVID-19 patients. Therefore, most neurosurgeons were reassigned to COVID-19 wards, which worsened disparities in access for neurosurgical treatments to treat hydrocephalic patients.
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North America is expected to maintain its dominance during the forecast period, owing to presence of key medical devices companies in the region. These companies are heavily investing in R&D of neurosurgical devices for lowering economic and social burden of hydrocephalus, as the disorder is considered to be more common than deafness and Downโs Syndrome. Furthermore, the U.S. is anticipated to garner largest market share of the North America hydrocephalus market, owing to adoption of technologically advanced shunts along with better healthcare infrastructure and awareness about the hydrocephalic condition.
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- This report provides a detailed quantitative analysis of the current hydrocephalus shunts market trends and forecast estimations from 2019 to 2027, which assists to identify the prevailing market opportunities.
- An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2027, in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the hydrocephalus shunts market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the global hydrocephalus shunts market.
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Comprehensive competitive analysis and profiles of major market players such as Christoph Miethke GmbH & Co. KG, G. Surgiwear Ltd., HLL Lifecare Limited, HpBio Prรณteses, Inc., Integra Life Sciences, Kaneka Medix Corporation, Medtronic plc, Natus Medical Incorporated, Spiegelberg GmbH & CO. KG, and Tokibo Co., Ltd.
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Surgical Robotic System Market: https://www.alliedmarketresearch.com/surgical-robotic-systems-market-A06827
Healthcare Interoperability Solutions Market: https://www.alliedmarketresearch.com/healthcare-interoperability-solutions-market-A07075
Surgical Drains Market https://www.alliedmarketresearch.com/wound-drainage-surgical-drains-market-A07517
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