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(Medical-NewsWire.com, December 11, 2019 ) The high prevalence of hydrocephalus and the subsequent increase in the number of shunting procedures and the growing geriatric population.
Market Size
The global Cerebrospinal Fluid Management market size is projected to reach USD 1.56 Billion by 2022 from USD 1.26 Billion in 2017, at a CAGR of 4.4%.
Medtronic plc (Ireland), Integra LifeSciences Holdings Corporation (US), B. Braun Melsungen AG (Germany), DePuy Synthes (US), Spiegelberg GmbH & Co. KG (Germany), SOPHYSA (France), Natus Medical Incorporated (US), Dispomedica GmbH (Germany), Delta Surgical Limited (UK), Argi Grup (Turkey), Moller Medical GmbH (Germany), G. SURGIWEAR LTD. (India), and Wellong Instruments Co., Ltd. (Taiwan) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions.
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“Medtronic (Ireland), dominated the cerebrospinal fluid (CSF) management market in 2016”
In the field of CSF management, the company offers CSF shunts, external drainage systems, and accessories. The company focuses on enhancing its product offering by developing and acquiring new products, wraparound programs, and solutions to meet the needs of multiple customers. The company also focuses on developing innovative products and invests in R&D activities. Medtronic invested USD 2.2 billion, USD 1.6 billion, and USD 1.5 billion on R&D in 2016, 2015, and 2014, respectively. Medtronic conducts various training programs to support its end users that ensure effective product use and best possible healthcare results.
“DePuy Synthes is a major player in the global CSF management market”
It is a Johnson & Johnson Company and offers a comprehensive portfolio of orthopedic and neurosurgery products and services, including products for CSF management. The firm has its presence in the US, Canada, Latin America, Europe, the Middle East, Asia, and Africa. It is well established in the US market and has a significant market penetration internationally with global reach in more than 60 countries.
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