Portland, OR, March 01, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global cerebrospinal fluid management market was estimated at $0.67 billion in 2021 and is expected to hit $1.03 billion by 2031, registering a CAGR of 4.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $0.67 Billion |
| Market Size in 2031 | $1.03 Billion |
| CAGR | 4.4% |
| No. of Pages in Report | 220 |
| Segments Covered | Type, Age Group, and Region. |
| Drivers | Surge in adoption of CSF management devices among the geriatric patients |
| Rise in awareness toward CSF-related risks | |
| Restraints | Complications related to the proper functioning of the CSF shunts |
| Intricacies associated with the life span of CSF shunts from the period of implantation among the healthcare professionals and target patient population | |
| Opportunities | Increase in research activities by manufacturers for developing innovative solutions in cerebral spinal fluid management technology |
Impact of Covid-19 on Cerebrospinal Fluid Management Market-
- The outbreak of the pandemic was not allowing people to travel to the hospital for any kind of treatment that is less severe than the Covid-19 disease. Therefore, patients with cerebral spinal fluid-related disorders were made to postpone the treatment procedure, which impacted the global cerebrospinal fluid management market negatively.
- However, as the global situation got back to normalcy, the market for cerebrospinal fluid management also recovered slowly and steadily.
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The global cerebrospinal fluid management market is analyzed across type, age group, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By type, the CSF shunts segment contributed to more than three-fourths of the global cerebrospinal fluid management market share in 2021, and is projected to rule the roost by 2031. The external drainage system segment, on the other hand, would display the fastest CAGR of 4.7% throughout the forecast period.
By age group, the adult segment accounted for the highest share in 2021, generating nearly two-thirds of the global cerebrospinal fluid management market revenue. The pediatric segment, however, would portray the fastest CAGR of 4.6% during the forecast period.
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By region, North America held the major share in 2021, garnering more than two-fifths of the global cerebrospinal fluid management market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 5.6% from 2022 to 2031. The other provinces studied through the report include Europe and LAMEA.
The key market players analyzed in the global cerebrospinal fluid management market report B. Braun Melsungen AG, Spiegelberg GmbH & Co. KG, Möller Medical GmbH, Tokibo Co.,Ltd, Medtronic plc, G. Surgiwear Ltd., Integra LifeSciences Holdings, Natus Medical Incorporated, Delta Surgical, and Wellona Pharma. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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