Hydrocephalus Market Size, Competitive Landscape, Revenue Analysis Till 2030

Wiseguy0114 Nov, 2022Health

The global hydrocephalus market size is estimated to balloon to USD 1,752.07 million by 2023, asserts Market Research Future (MRFR). It can exhibit 4.4% CAGR over the forecast period. It was previously valued at USD 1,348 million in 2017. High incidence of traumatic brain injuries owing to accidents is the primary driver of the market. Increasing prevalence of traumatic brain injuries (TBI) caused by accidents is one of the major factors driving market growth. Posttraumatic hydrocephalus is a condition caused in the aftermath of BTI which can use blockage in ventricles of the brain leading to excess levels of cerebrospinal fluid (CSF). Investments in development of new shunts which can expedite the draining of CSF are likely to spur market growth.