Cerebrospinal Fluid Management Devices Market To Reach USD 2,240.1 Million By 2026 | Reports And Data
NEW YORK, Oct. 14, 2019 /PRNewswire/ -- Increase in hydrocephalus patients, rise in geriatric population coupled with neurological disorders, Increase in research and development on Cerebrospinal Fluid Management devices and increasing demand for minimally invasive surgeries are expected to propel the demand for Cerebrospinal Fluid Management devices market.
According to the current analysis of Reports and Data, the Global Cerebrospinal Fluid Management devices market is expected to reach USD 2,240.1 million by the year 2026, in terms of value at a CAGR of 7.5% from 2019-2026. Cerebrospinal fluid (CSF) management involves the application of devices such as shunts, valves and external drainage systems to maintain the flow of cerebrospinal fluid and drain excess fluid from the brain. The commercial applications of Cerebrospinal Fluid Management Devices have been studied and researched extensively in recent years. Cerebrospinal Fluid Management Devices are widely used in the treatment of hydrocephalus and other neurological disorders such as Parkinson's disease and Alzheimer's disease.
Increase in investments in the market, which are supporting the technological advancements, and rise in healthcare expenditure are estimated to shape the growth of the Cerebrospinal Fluid Management Devices market. Increase in demand for neurological medicine in chronic diseases such as Alzheimer's and Parkinson's disease are observed as the most lucrative application for the market recently. Cerebrospinal fluid shunts are one of the greatest advances of modern neurosurgery and represent a shift in the treatment of hydrocephalus
Technological advancements in field of cerebrospinal fluid management and advantages associated with the shunt valve over conventional methods for hydrocephalus managements (such as purging, bleeding, and puncturing of the ventricles for draining fluid, removal of fluid through surgery, cold wraps or herbal plasters, among others) also expected to support the growth of Cerebrospinal Fluid Management Devices Market in the analysis period. Moreover, advancements in these devices to combat the issues pertaining to biocompatibility, infection, and fouling is expected to contribute to future growth of Cerebrospinal Fluid Management Devices