The Latin America, Middle East and Africa Cerebrospinal Fluid Drainage Catheter Market would witness market growth of 9.5% CAGR during the forecast period (2021-2027).
In emerging economies, a huge portion of the population is affected by hydrocephalus. As per the CURE Hydrocephalus, of the complete number of newborns with hydrocephalus around the world, 79% belong to emerging countries. It was expected that there were above 6,000 new cases of hydrocephalus every year in East Africa. As per the International Federation for Spina Bifida and Hydrocephalus, above 375,000 new cases of infant hydrocephalus are witnessed in sub-Saharan Africa every year. The existence of a large number of patients in the developing nations, combined with growing healthcare expenses, would create new growth avenues for the players operating in the Cerebrospinal Fluid Drainage Catheter Market.
The increasing population of Africa combined with the rapid urbanization and fast-growing consumer expenses would create new growth avenues for the African market. Though, the healthcare framework of the African countries is not extremely advanced in comparison to other countries of this region would slow down the demand for the product in Africa.
In addition, the demand for this market is also boosting due to the growing cases of cranial and spinal injuries/trauma around the world. In such instances, CSF drainage catheters are increasingly playing a crucial role due to the surge in the number of traumatic brain and spinal injuries across the globe. These factors would collectively act as catalysts for the growth of the regional Cerebrospinal Fluid Drainage Catheter market during the forecast period.
The Ventricular Drainage Catheter market dominated the South Africa Cerebrospinal Fluid Drainage Catheter Market by Type in 2020, thereby, achieving a market value of $6,470.3 million by 2027. The Lumbar Drainage Catheter market is expected to witness a CAGR of 10.6% during (2021-2027).
Based on Application, the market is segmented into Traumatic Brain Injury, Traumatic Spinal Injury, Subarachnoid hemorrhage, Intracerebral hemorrhage, and Others Applications. Based on Type, the market is segmented into Ventricular Drainage Catheter and Lumbar Drainage Catheter. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cerebrospinal Fluid Drainage Catheter Market is Predict to reach $402.6 Million by 2027, at a CAGR of 8.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Integra LifeSciences Holdings Corporation, Spiegelberg GmbH & Co. KG, Natus Medical Incorporated, B. Braun Melsungen AG, Johnson & Johnson, Moller Medical GmbH (Centrotec SE), Sophysa (Tokibo Co., Ltd.), Desu Medical, and Delta Surgical
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