Deep Analysis of Impact of COVID-19 on “Cerebral Spinal Fluid Management Market 2019-2025” Growth Worldwide….


The global cerebral spinal fluid (CSF) management market size is anticipated to reach USD 1.4 billion by 2022, according to a new report by Grand View Research, Inc. Constant evaluation of various techniques by neurosurgeons for improvement of hydrocephalus management is expected to drive growth in this market. Moreover, shunt manufacturers are engaged in the investment for development of novel and improved shunts in order to tackle the pitfalls associated with the existing designs.
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
Significant increase in geriatric population across the globe as well as raise in incidence of chronic CNS associated disorders such as stroke can be attributed to projected growth. Furthermore, grants for research in neuromodulation therapies in order to develop different products for prognosis of various nervous system associated disorders are expected to boost development.
The global cerebral spinal fluid management market size was valued at USD 879.1 million in 2014 and is projected to witness lucrative growth year on year growth. Unique nature of cerebrospinal fluid dynamics in each patient has challenged neurologists, neurosurgeons, and medical device developers. This has led to increasing demand for advanced cerebral spinal fluid (CSF) management devices.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/csf-management-market-analysis-market/request/rs1
Further Key Findings from the Study Suggest:
·         CSF management devices are expected to witness extensive competition owing to presence of several market players operating in this segment. Rise in number of CSF associated disorders such as trauma and stroke are anticipated to boost demand for these products in the coming years.
·         Cerebral spinal fluid management shunts captured the largest market share in terms of revenue generation in 2014.
·         These devices are most commonly used for supplementing and replacing lost drainage capacity in case of CSF leak management.
·         CSF drainage is anticipated to witness lucrative growth over the forecast period.
·         This growth can be attributed to ongoing development for enhancing overall safety of guidance-based systems and anti-biotic impregnated catheters incorporation.
·         In 2014, North America accounted for the largest share with respect to revenue generation.
·         Factors contributive for the share include continuous increase in the number of Americans affected from Hydrocephalus coupled with ongoing research in neuroscience.
·         Asia Pacific is expected to propel with fastest CAGR owing to constantly improving healthcare system in the region.
·         Moreover, economic progress of Asia Pacific countries such as China has led to significant transformation of neurology and neurologic practices in the country. This is one of the key drivers to propel progress in this region in the coming years.
·         Some of the key players operating in the cerebrospinal fluid management market include Johnson & Johnson Services, Inc; B.Braun Melsungen AG; Magstim; Elekta AB; Medtronic, Inc.; Integra LifeSciences Corporation;Phoenix Biomedical Corp.; Sophysa; Spiegelberg GmbH & Co. KG; and Beckersmith Medical, Inc.
·         These players are engaged in development of novel platforms for CSF management.
Rapid advancements in ongoing research projects related to brain barriers and brain fluids are anticipated to impact the market growth to a large extent. These research projects are mainly aimed at management of hydrocephalus and other cerebro-spinal fluid associated disorders.
These products have attracted a significant amount of attention owing to the potential prospects of the application in the treatment of hydrocephalus and other brain associated disorders. This is primarily attributable to the lack of proper treatment for such diseases, which prompts the neurologist to invest for the development of these products.
According to Hydrocephalus Association, nearly 700,000 older Americans are estimated to live with normal pressure hydrocephalus. Moreover, it is observed that one to two out of every 1,000 babies are born with this condition. Presence of such large population base suffering with the disease is expected to drive demand of these products and platforms.
Furthermore, conferences and workshops on basic science research and its translation into diagnosis and treatment of cerebrospinal fluid disorders are expected to propagate the growth in this segment of neurology devices. These conferences are intended to increase awareness amongst neurosurgeon, nurse practitioners, and physicians about current treatment options for such disorders and for the advancements in these options.
Have any Query? Ask our Experts:
https://www.grandviewresearch.com/inquiry/1345/ibb
Grand View Research has segmented the global cerebral spinal fluid management market on the basis of products and region:
CSF Management Product Outlook (Revenue, USD Million, 2012 - 2022)
·         CSF shunts
·         CSF drainage
CSF Management Regional Outlook (Revenue, USD Million, 2012 - 2022)
·         North America
·         Europe
·         Asia Pacific
·         RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more