The global cerebrospinal fluid (CSF) management market size is expected to reach USD 2.31 Billion in 2028 and register a revenue CAGR of 4.8% over the forecast period, according to latest report by Reports and Data. Factors that are expected to drive market revenue growth include increasing number of people suffering from neurological diseases, a surge in demand for minimally invasive surgeries, and rapid advancements in healthcare facilities.
Growth of the market is being fueled by rising prevalence of hydrocephalus and subsequent increase in incidence of ventriculomegaly across the globe. Furthermore, implementation of advanced sensors in cerebrospinal fluid devices due to rapid advancements in technology has improved quality of diagnosis. This is another major factor to support revenue growth of the market.
Cerebrospinal fluid is a colorless fluid found in the brain and spinal cord. This fluid helps in delivering various nutrients to the central nervous system of the body by removing waste products, along with providing mechanical and immunological protection to the brain.
Factors such as growing geriatric population who are more prone to targeted diseases like Alzheimer’s and Parkinson’s disease, increasing awareness about treatment of hydrocephalus, and rapid development in the healthcare sector in developing countries are contributing significantly to revenue growth of the global market.
On the other hand, factors such as dearth of trained professionals and complications associated with CSF shunts are expected to restrict growth of the global cerebrospinal fluid (CSF) management market to a certain extent over the forecast period.
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Some Key Highlights from the Report
For this report, Reports and Data has segmented the global cerebrospinal fluid (CSF) management market on the basis of type, patient type, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Patient Type Outlook (Revenue, USD Billion; 2018–2028)
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Regional Outlook (Revenue, USD Billion; 2018–2028)
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