Market Overview:
The global intracranial shunt device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to factors such as rising incidence of neurological disorders, increasing awareness about intracranial shunt devices, and technological advancements in intracranial shunt devices. However, the high cost of treatment and lack of reimbursement are some factors that are restraining the growth of this market. The adult segment is expected to account for the largest share of the global intracranial shunt device market in 2018. This segment is also expected to grow at a CAGR of 5.7% from 2018 to 2030. The children segment is projected to grow at a CAGR of 5%.
Product Definition:
An intracranial shunt device is a medical implant used to divert cerebrospinal fluid (CSF) from the brain and spinal cord. The device consists of a long, thin tube that is inserted through an opening in the skull into the space around the brain and spinal cord. A valve at one end of the tube regulates flow of CSF in and out of this space.
Adult:
The global adult, it's usage and growth factor in the intracranial shunt device market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of neurological disorders such as Alzheimer’s disease, Parkinson’s disease & epilepsy coupled with rising geriatric population base is anticipated to drive demand for this technology during the forecast period.
Children:
The global children and it's usage in intracranial shunt device market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
Based on application, the global intracranial shunt device market is segmented into hospital and medical center. The hospital segment dominated the overall market in terms of revenue in 2017 owing to a large patient base with various disorders that require long-term management. Moreover, an increase in healthcare expenditure globally has resulted in an increased number of hospitals which further drives demand for CSF diversion devices globally.
Medical centers are anticipated to be the fastest-growing segment over the forecast period due to increasing awareness about brain injury and its treatment among physicians as well as patients across different regions coupled with high availability of advanced products for treating such injuries at medical centers only.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable healthcare infrastructure, high adoption of advanced technologies, and presence of major players in the region. Moreover, increasing prevalence of brain tumor is expected to drive regional growth over the forecast period. For instance, according to statistics published by American Brain Foundation in 2018’s issue of Neurology Now magazine, approximately 2 million people are living with a brain tumor diagnosis and more than 60% will die within five years. Thus these factors are anticipated to boost product demand over the forecast period.
Asia Pacific is expected to grow at a lucrative rate during the forecast period due as follows: improving healthcare infrastructure especially rural areas; rising awareness about intracranial shunt devices; growing medical tourism industry; supportive government initiatives for quality healthcare delivery systems coupled with economic development that has increased disposable income thereby promoting consumer lifestyle changes such as smoking.
Growth Factors:
- Increasing incidence of hydrocephalus: Hydrocephalus is a condition in which there is an abnormal accumulation of cerebrospinal fluid (CSF) within the brain. This can cause increased pressure on the brain, leading to a number of symptoms such as headache, nausea, vomiting, and changes in mental status. The incidence of hydrocephalus is increasing due to various factors such as rising population and aging population. According to a study by the World Health Organization (WHO), the global prevalence of hydrocephalus was estimated at 1 per 1,000 live births in 2010 and is projected to increase to 2 per 1,000 live births by 2020.
- Growing awareness about intracranial shunts: There is growing awareness among patients and healthcare professionals about intracranial shunts as an effective treatment for hydrocephalus. This has led to an increase in demand for intracranial shunts devices worldwide.
- Technological advancements: Intracranial shunt devices are constantly evolving with technological advancements that aim to improve patient outcomes and safety profile.. For instance, recently developed adjustable valves offer greater flexibility for clinicians when selecting valve settings depending on each individual patient’s needs thereby improving treatment outcomes . Such technological advances are likely to fuel growth prospects for the intracranial shunt device market over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Intracranial Shunt Device Market Research Report
By Type
Adult, Children
By Application
Hospital, Medical Center
By Companies
Medtronic, DePuy Synthes Company, Kaneka, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Intracranial Shunt Device Market Report Segments:
The global Intracranial Shunt Device market is segmented on the basis of:
Types
Adult, Children
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Medical Center
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- DePuy Synthes Company
- Kaneka
- Medtronic
Highlights of The Intracranial Shunt Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Adult
- Children
- By Application:
- Hospital
- Medical Center
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intracranial Shunt Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Intracranial shunt devices are medical devices that help drain excess cerebrospinal fluid (CSF) from the brain. This can reduce pressure in the brain and improve symptoms of conditions like hydrocephalus (an excessive accumulation of CSF), seizures, and coma.
Some of the major players in the intracranial shunt device market are Medtronic, DePuy Synthes Company, Kaneka, Medtronic.
The intracranial shunt device market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intracranial Shunt Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Intracranial Shunt Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intracranial Shunt Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Intracranial Shunt Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Intracranial Shunt Device Market Size & Forecast, 2020-2028
4.5.1 Intracranial Shunt Device Market Size and Y-o-Y Growth
4.5.2 Intracranial Shunt Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Adult
5.2.2 Children
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Medical Center
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intracranial Shunt Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intracranial Shunt Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Adult
9.6.2 Children
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Medical Center
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Adult
10.6.2 Children
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Medical Center
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Adult
11.6.2 Children
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Medical Center
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Adult
12.6.2 Children
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Medical Center
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Adult
13.6.2 Children
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Medical Center
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intracranial Shunt Device Market: Competitive Dashboard
14.2 Global Intracranial Shunt Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 DePuy Synthes Company
14.3.3 Kaneka
14.3.4 Medtronic
