Cerebrospinal fluid is colorless body fluid found in brain and spine. CSF is formed by continuous filtration out of the blood in series of capillaries known as choroid plexuses. CSF plays a prime role in providing immunological and mechanical protection to the brain. When cerebrospinal fluid leaks out, it leads to drop in the pressure around the areas of the brain and spinal cord. Fluid leakage may cause diseases like hydrocephalus and CSF otorrhea. Hydrocephalus is caused due to a disturbance in the formation, flow, and absorption of cerebrospinal fluid that leads to swelling in the brain. CSF otorrhea is caused due to leakage of cerebrospinal fluid through the ear structure. CSF otorrhea is rare but potentially life-threatening situation mostly found in children. CSF drainage systems and CSF shunts are products of cerebrospinal fluid management mostly used in research institutions and hospitals. Leakage of cerebrospinal fluid is mainly due to head injuries as well as the certain head, brain, and spinal surgeries.
According to Zion Market Research, global CSF management market was valued at around USD 1.2 billion in 2015 and it is expected to generate revenue worth of USD 1.6 billion by the end of 2021. The dominance of the market is mainly due to increase neurological diseases, road accidents and elderly population across the globe. Furthermore, the market is also driven by demand for minimally invasive procedures. However, the high cost of surgery may affect the growth of CSF management market. In spite of this, untapped market, increasing medical expenditure by governments and emerging technologies in India and China may produce new opportunities for CSF management market during the forecast period.
Based on the products type, the CSF management market has been categorized into CSF drainage systems and CSF shunts. CSF shunts segment attributes largest share for this market and it is expected to continue its dominance in the coming years. CSF drainage system is further classified as lumbar drainage system and ventricular drainage system. CSF drainage system segment is expected to show growth in coming years, due to cost effective techniques and accuracy.
On the basis of end-user type, the CSF management market has been segmented into hospitals, outpatient facilities, and others. Due to the high prevalence of neurological diseases and brain disorders, hospitals end-user segment was the leading segment of this market and it is expected to remain dominant during the forecast period.
On the basis of geography, the CSF management market has been segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. North America was leading region for this segment in 2015 and it is expected to show significant growth in coming years. Europe is also anticipated to show good growth in forecasted years for CSF management market. Due to high demand and untapped market, Asia Pacific is expected to be the fastest-growing region from 2015 to 2021.
For Free Sample Report Visit: https://www.zionmarketresearch.com/sample/csf-management-market
Major Market Players
Some of the key operating players in CSF management market are Integra LifeSciences Holding Corporation, B. Braun Melsungen AG, Möller Medical GmbH., DePuy Synthes, Codman EDS, Medtronic plc, Spiegelberg GmbH & Co. KG, BeckerSmith Medical, Inc., Sophysa S.A., among others.