Report : Middle East & Africa Hydrocephalus Shunts Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Age Group (Pediatric and Adults), Type (Ventriculo-Peritoneal, Ventriculo-Atrial, Ventriculo-Pleural, and Lumbo-Peritoneal), Product (Hydrocephalus Valves, Hydrocephalus Catheters, Neuronavigation Systems, and Others), and End User (Hospitals, Ambulatory Surgical Centers, and Others)
At 2.3% CAGR, the Middle East & Africa Hydrocephalus Shunts Market is speculated to be worth US$ 9.39 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa hydrocephalus shunts market was valued at US$ 8.20 million in 2022 and is expected to reach US$ 9.39 million by 2028, registering a CAGR of 2.3% from 2022 to 2028. Increasing prevalence of hydrocephalus and increasing advancement in hydrocephalus valves are the critical factors attributed to the Middle East & Africa hydrocephalus shunts market expansion.
Companies in the hydrocephalus shunts market are introducing new advanced programmable valves, shunts based on the latest technologies, and anti-siphon devices, among others. Thus, the launch of such advanced programmable valves is boosting the demand for advanced programmable valves and driving the Middle East & Africa hydrocephalus shunts market growth.
On the contrary, high cost of treatment due to shunts and revision surgeries hampers Middle East & Africa hydrocephalus shunts market.
Based on age group, the Middle East & Africa hydrocephalus shunts market is segmented into pediatric and adults. The pediatric segment held 56.2% market share in 2022, amassing US$ 4.61 million. It is projected to garner US$ 5.31 million by 2028 to expand at 2.4% CAGR during 2022–2028.
Based on type, the Middle East & Africa hydrocephalus shunts market is segmented into ventriculo-peritoneal, ventriculo-atrial, ventriculo-pleural, and lumbo-peritonea. The ventriculo-peritoneal segment held 45.79% market share in 2022, amassing US$ 3.75 million. It is projected to garner US$ 4.38 million by 2028 to expand at 2.6% CAGR during 2022–2028.
Based on product, the Middle East & Africa hydrocephalus shunts market is segmented into hydrocephalus valves, hydrocephalus catheters, neuronavigation systems, and others. The hydrocephalus valves segment held 60.7% market share in 2022, amassing US$ 4.97 million. It is projected to garner US$ 5.77 million by 2028 to expand at 2.5% CAGR during 2022–2028.
Based on end user, the Middle East & Africa hydrocephalus shunts market is segmented into hospitals, ambulatory surgical centers, others. The hospital segment held 57.2% market share in 2022, amassing US$ 4.69 million. It is projected to garner US$ 5.49 million by 2028 to expand at 2.7% CAGR during 2022–2028.
Based on country, the Middle East & Africa hydrocephalus shunts market has been categorized into South Africa, Saudi Arabia, UAE, and the Rest of Middle East and Africa. Our regional analysis states that South Africa captured 48.2% market share in 2022. It was assessed at US$ 3.95 million in 2022 and is likely to hit US$ 4.55 million by 2028, exhibiting a CAGR of 2.4% during the forecast period.
Key players dominating the Middle East & Africa hydrocephalus shunts market are B. Braun Melsungen AG (CHRISTOPH MIETHKE GMBH & CO. KG); HpBio Próteses, inc.; Integra LifeSciences Holdings Corporation, Medtronic; Natus Medical Incorporated; Spiegelberg GmbH & Co. KG.; and Desu Medical , among others.
- In July,2019; Integra LifeSciences announced the acquisition of Arkis Biosciences Inc. a privately-held company that offers a portfolio of neurosurgical devices such as catheters. The acquisition of Arkis Biosciences strengthened Integra’s offerings in neurocritical care and Integra’s position as the world leader in advanced catheter technology.
- In May,2020; Aesculap, Inc. in partnership with The Christoph Miethke GmbH & Co. KG (MIETHKE) announced the launch of the M.blue valve in the US. The M.blue valve features advanced gravitational technology, which is incorporated with a fixed differential pressure unit in one valve. It helps to provide a simple and position-dependent solution.
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