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Hydrocephalus Shunt Market Comprehensive Analysis Of Factors That Drive And Restrain The Growth
Hydrocephalus Shunt Market
On the contrary, advancements in shunt technology for reducing shunt complications are projected to create lucrative opportunities for the hydrocephalus shunts market growth. The global hydrocephalus shunts market is segmented on the basis of type, age group, and region.
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COVID-19 Impact
The COVID-19 pandemic has resulted in nationwide lockdowns, which has impacted every industry vertical. Likewise, the hydrocephalus shunts market is also affected by the pandemic. The hydrocephalus shunts industry is currently facing newer challenges to cope up with demand and supply of hydrocephalus shunts, owing to the COVID-19. In addition, inconsistent and interrupted supply chain activities and unavailability of human resources are expected to impact the market growth. The sudden onset of pandemic led to shutdown of neurological wards and clinics across numerous countries. At the same time, hospitals ran out of resources, owing to huge number of COVID-19 patients. Therefore, most neurosurgeons were reassigned to COVID-19 wards, which worsened disparities in access for neurosurgical treatments to treat hydrocephalic patients. Furthermore, with widespread of the disease, various conferences organized by neurological societies and associations have been postponed or cancelled. The pandemic is further expected to stretch resources of already fragile neurosurgical systems in developing countries. On the contrary, this deleterious impact is expected to be compensated by increase in demand for advanced programmable shunts for treating hydrocephalic patients worldwide.
North America is expected to maintain its dominance during the forecast period, owing to presence of key medical devices companies in the region. These companies are heavily investing in R&D of neurosurgical devices for lowering economic and social burden of hydrocephalus, as the disorder is considered to be more common than deafness and Down's Syndrome. Furthermore, the U.S. is anticipated to garner largest market share of the North America hydrocephalus market, owing to adoption of technologically advanced shunts along with better healthcare infrastructure and awareness about the hydrocephalic condition. Market players are developing additional devices to monitor shunts in patients to prevent shunt infections and malfunctions. For instance, Rhaeos, Inc., a U.S. based medical technology company received FDA Breakthrough Device Designation for its "FlowSense" non-invasive thermal sensor. The sensor detects CSF flow in hydrocephalic patients. Thus, these aforementioned increase in product launches and developments are expected to boost growth of the hydrocephalus shunts market in North America.
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The key market players profiled in the report include Christoph Miethke GmbH & Co. KG, G. Surgiwear Ltd., HLL Lifecare Limited, HpBio Prรณteses, Inc., Integra Life Sciences, Kaneka Medix Corporation, Medtronic plc, Natus Medical Incorporated, Spiegelberg GmbH & CO. KG, and Tokibo Co., Ltd.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
โข This report provides a detailed quantitative analysis of the current hydrocephalus shunts market trends and forecast estimations from 2019 to 2027, which assists to identify the prevailing market opportunities.
โข An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
โข A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
โข The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2027, in terms of value.
โข An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
โข Key market players within the hydrocephalus shunts market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the global hydrocephalus shunts market.
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