Albany, NY -- (SBWIRE) -- 05/05/2015 -- The global market for cerebrospinal fluid (CSF) management owes its growth to the spurt of innovation prevalent across the medical industry, especially in the field of neurology. Thanks to modern medicine, the repair of post-traumatic CSF leaks has evolved from an intracranial approach to an endoscopic and extracranial one. CSF management continues to be a critical challenge in interventional neurological surgeries and the market for the same is poised for lucrative growth over the course of the forecast period.

The research publication provides comprehensive data about the global CSF management market, together with the size and projections of the same keeping in mind the forecast period of 2014 to 2020. The report also provides an in-depth study of the industrial landscape, focusing on factors such as market drivers, potential bottlenecks, market dynamics, opportunities, and threats. A detailed assessment of the competitive landscape is also provided, with company profiles, product portfolio and benchmarking, mergers and acquisitions, and overall strengths and weaknesses.

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Overview of the global CSF management market

The incidence of brain injuries and neurological diseases has grown in recent times, fueling the market for CSF management. The global rise in geriatric population has resulted in a higher number of patients suffering from neurological diseases such as Parkinson's and Alzheimer's diseases. Thanks to widespread innovation in medical technology, minimally invasive surgeries have gained prominence, triggering the CSF management market. Apart from this, initiatives and liberal funding by government and private agencies has been a major support to the global market. In contrast, the high cost of these devices and hindrances to clinical trials are likely to restrict the growth of the CSF management market.

By type of device, the CSF management market is divided into CSF drainage devices and CSF shunt drain devices. The latter dominates the overall market, holding the largest share of the CSF management market. By end use, the CSF management market is segmented into ambulatory care, hospitals, and healthcare institutes, hospitals being the largest end-use segment.

Regionally, North America leads the global CSF management market owing to rapid innovation in medical technology, massive R&D expenditures, and the rising geriatric population. Increasing government support, growing demand for minimally invasive surgeries, medical tourism, and rising population is anticipated to aid the Asia Pacific CSF management market till 2020.

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Companies mentioned in the research report

The CSF management market is highly competitive and players have been expanding their R&D efforts to gain an edge over the rest. The surge of new entrants into the CSF management market has challenged existing participants, who have been forced to up their game in order to maintain their position and retain market share.

The participants in the CSF management market are Eunoe, Inc., BioSphere Medical, Inc., Medtronic PS Medical, Boston Scientific Corp., Precision Vascular, Inc., NMT Medical, Inc., Novus Monitoring Ltd., Micrus Corp., Phoenix Biomedical Corp., Johnson & Johnson, Inc., BioCure, Inc., Sophysa SA, Provasis Therapeutics, Inc., MicroVention, Inc., Cook, Inc., Tyco Healthcare Group LP, Integra LifeSciences Holdings Corp., Micro Therapeutics, Inc., and Aesculap AG & Co. KG.

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