The Europe Cerebrospinal Fluid Drainage Catheter Market would witness market growth of 8.2% CAGR during the forecast period (2021-2027).
Factor such as the growing rates of neurological diseases like ischemic strokes & hemorrhagic, hydrocephalus, intracranial tumors, aneurysm, brain infection, and meningitis are expected to accelerate the growth of the European Cerebrospinal Fluid Drainage Catheter market in the upcoming years. In addition, the region is home to some of the major players of this market which would create new growth avenues for the market.
Moreover, the government of various countries of this region is taking several supportive initiatives in order to create advanced healthcare infrastructure that would bring new growth opportunities for the market. Furthermore, consumers prefer minimal invasive surgeries which are expected to boost the growth of the regional cerebrospinal fluid drainage catheter market.
There has been a substantial increment in the number of traumatic brain and spinal injuries, hence boosting the demand & growth of the Cerebrospinal Fluid Drainage Catheter Market. Brain injury is the common cause of death and disability across the world, with traumatic brain injury being the major cause of seizure disorders. The rate of TBI is growing around the globe, with this surge also being witnessed within the sports context. The acute & chronic symptoms may involve cognitive & balance difficulties, dizziness, headaches, and fatigue. There is a high need for the treatment and cure of such diseases and symptoms. These aspects are likely to create bright growth prospects for the Cerebrospinal Fluid Drainage Catheter Market.
The Germany market dominated the Europe Lumbar Drainage Catheter Market by Country in 2020, thereby, achieving a market value of $7,316.5 million by 2027. The UK market is showcasing a CAGR of 7.7% during (2021-2027). Additionally, The France market is poised to grow at a CAGR of 10.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cerebrospinal Fluid Drainage Catheter Market Size will Hit $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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