PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462947
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462947
External Ventricular Drain Market size was valued at USD 6,744 Million in 2023, expanding at a CAGR of 5.7% from 2024 to 2032.
An external ventricular drain (EVD) is a medical apparatus utilized in neurosurgery to manage cerebrospinal fluid (CSF) drainage in patients afflicted with conditions such as hydrocephalus or traumatic brain injury. It comprises a slender catheter inserted into the brain's ventricles, linked to an external drainage system. The EVD facilitates the controlled removal of excess CSF, thereby diminishing intracranial pressure and averting potential brain damage.
External Ventricular Drain Market- Market Dynamics
Increasing occurrence of neurological disorders and traumatic brain injuries to propel market demand
The increasing occurrence of neurological disorders and traumatic brain injuries resulting from road accidents are significant drivers of the external ventricular drains market. Additionally, heightened research endeavors and the adoption of technologically advanced products contribute to market expansion. Furthermore, the rising prevalence of cranial injuries and trauma worldwide serves as a pivotal factor propelling the demand for external ventricular drains. Common causes of head trauma and cranial injuries include road accidents, falls, and sports injuries, leading to hospitalization and potential permanent disabilities for numerous individuals annually. Elevated intracranial pressure (ICP) following head injuries is associated with adverse effects, with a mortality rate of approximately 20%. Hence, continuous monitoring of intracranial pressure is deemed crucial for tracking the progression of brain injury. According to the World Health Organization (WHO), vehicle injuries are projected to be the ninth leading cause of global mortality, with road traffic crashes causing 1.3 million deaths annually and 20-50 million non-fatal injuries worldwide. This surge in incidences is expected to drive the demand for external ventricular drains for treatment.
External Ventricular Drain Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.7% over the forecast period (2024-2032)
Based on application segmentation, traumatic brain injury was predicted to show maximum market share in the year 2023
Based on Patient Type segmentation, adult was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global External Ventricular Drain Market is segmented on the basis of Product Type, Application, Patient Type, End User, and Region.
The market is divided into four categories based on Application: Traumatic Brain Injury, Subarachnoid Hemorrhage, Intracerebral Hemorrhage and Other Non-traumatic Hydrocephalus Conditions. In 2023, the traumatic brain injury segment dominated the external ventricular drain market in terms of revenue share and is anticipated to exhibit the fastest CAGR during the forecast period. The escalating prevalence of traumatic brain injuries resulting from road accidents, falls, and acts of violence contributes to the segment's growth. Such injuries often lead to hospitalization and permanent disability for numerous individuals annually.
The market is divided into two categories based on Patient Type: Pediatric and Adult. The adult segment accounted for the largest revenue share in 2023. The prevalence of hydrocephalus has witnessed a significant rise over time, propelling the demand for EVD devices as a viable treatment option among adults. The increasing incidence of neurological disorders due to road accidents, falls, and acts of violence further fuels the rapid expansion in demand for external ventricular drains. For instance, according to the European Injury Database (IDB), approximately 6.1 million individuals receive hospital treatment for injuries annually, including facial and traumatic brain injuries.
External Ventricular Drain Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the external ventricular drains market, companies direct their efforts towards research and development to refine device design, functionality, and safety. They invest in innovations like enhanced insertion techniques, infection prevention protocols, and patient monitoring systems. Furthermore, companies prioritize adherence to regulatory standards and may forge strategic partnerships with healthcare providers and research institutions to ensure product effectiveness and market acceptance. Through these strategies, companies strive to effectively address clinical requirements while upholding patient safety and advancing neurosurgical practices. Key companies are also implementing diverse strategies such as strategic collaborations and the introduction of new products to bolster their market share and extend their global footprint.
In June 2023, the German healthcare company SHS Capital divested its Spiegelberg shares to Luciole Medical AG, a medical technology firm specializing in specialized catheters and measuring probes for neurosurgical applications.
GLOBAL EXTERNAL VENTRICULAR DRAIN MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Spiegelberg GmbH & Co. KG
Medtronic
Sophysa
Neuromedex GmbH
Integra LifeSciences
Moller Medical GmbH
B. Braun SE
Fuji Systems
Others