Cerebrospinal Fluid Drainage Catheter Market Size Worth $361.75 Million By 2028: Grand View Research, Inc.

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Jul 20, 2021, 04:05 ET

SAN FRANCISCO, July 20, 2021 /PRNewswire/ -- The global cerebrospinal fluid drainage catheter market size is expected to reach USD 361.75 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.5% from 2021 to 2028. Increasing incidences of neurological disorders, coupled with a subsequent rise in the number of surgical procedures to treat associated conditions, are expected to drive the market.

Key Insights & Findings:

Based on type, the ventricular drainage catheter segment dominated the market with a share of more than 70.0% in 2020 owing to the escalating cases of neurological disorders such as hemorrhagic and ischemic strokes, intracranial tumors, brain infection, and aneurysm
On the basis of application, the traumatic brain injury (TBI) segment dominated the market with a share of over 40.0% in 2020 owing to the high prevalence of TBIs globally, which leads to the leakage of CSF in the brain
North America dominated the market with a revenue share of over 35.0% in 2020 owing to the high prevalence rate of cerebrovascular disorders and TBIs. As per the CDC, each year, an estimated 1.5 million Americans sustain TBIs

Read 120 page market research report, "Cerebrospinal Fluid Drainage Catheter Market Size, Share & Trends Analysis Report By Type (Lumbar Drainage Catheter, Ventricular Drainage Catheter), By Application, By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research

Increasing incidence of cranial and spinal injuries, trauma, and other inflammatory diseases of the cerebrospinal space is expected to promote market growth over the forecast period. For instance, as per the National Spinal Cord Injury Statistical Center estimates in 2020, approximately 294,000 Americans are currently living with SCI and 17,810 new cases of SCI are reported each year.

However, the COVID-19 emergency has negatively impacted the current market for Cerebrospinal Fluid (CSF) drainage catheters in various conducts, such as shortage of healthcare professionals and treatments for individuals suffering from neurological disorders or other medical illness during the COVID-19 pandemic. In addition, the supply chain, manufacturing activities, delivery schedules, and sales of neurological products have been disrupted owing to the restrictions at international borders, thereby affecting the market growth for the short term.

Moreover, the integration of modern technologies and the launch of innovative products by market players are likely to augment the market growth over the forecast period. For instance, in September 2017, Arkis BioSciences (Integra LifeSciences) secured FDA clearance for its new EVD catheter CerebroFlo, which is used for insertion into the ventricular cavity for CSF drainage. This catheter is currently available in the U.S. and indicated for temporary use in patients with intraventricular hemorrhage or raised intracranial pressure.

Grand View Research has segmented the global cerebrospinal fluid drainage catheter market on the basis of type, application, and region:

CSF Drainage Catheter Type Outlook (Revenue, USD Million, 2016 - 2028)

Lumbar Drainage Catheter
Ventricular Drainage Catheter

CSF Drainage Catheter Application Outlook (Revenue, USD Million, 2016 - 2028)

Traumatic Brain Injury
Traumatic Spinal Injury
Subarachnoid hemorrhage
Intracerebral hemorrhage
Others

CSF Drainage Catheter Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain

Asia Pacific

Japan
China
India
Australia
South Korea

Latin America

Mexico
Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

List of Key Players of Cerebrospinal Fluid (CSF) Drainage Catheter Market

Natus Medical, Inc.
Desu Medica
Spiegelberg GmbH & Co. KG
Integra LifeSciences Corporation
Medtronic
Moller Medical GmbH
Sophysa SA

Check out more studies related to body fluid management devices, by Grand View Research:

Cerebral Spinal Fluid Management Market – The global cerebral spinal fluid management market size was valued at USD 879.1 million in 2014 and is projected to witness lucrative growth year on year growth.
Surgical Drainage Devices Market– The global surgical drainage devices market size was valued at USD 1.8 billion in 2016 and is expected to witness a CAGR of 2.8% during the forecast period.
Catheters Market – The global catheters market size was valued at USD 45.26 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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