External Ventricular Drain Market Size, Share, Analysis, Trends, Growth, 2032

External Ventricular Drain Industry Perspective:

The global external ventricular drain market size accrued earnings worth approximately USD 6.99 Billion in 2023 and is predicted to gain revenue of about USD 12.66 Billion by 2032, is set to record a CAGR of nearly 6.81% over the period from 2024 to 2032.

The external ventricular drain market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The external ventricular drain industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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External Ventricular Drain Market: Overview

The report covers a forecast and an analysis of the external ventricular drain market on a global and regional level. The study provides historical data of 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes the drivers and restraints of the external ventricular drain market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the external ventricular drain market on a global level.

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In order to give a comprehensive view of the external ventricular drain market, we have included a competitive landscape and an analysis of Porter’s Five Forces Model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The External Ventricular Drain (EVD) Market focuses on the production and distribution of medical devices used to manage elevated intracranial pressure caused by conditions like hydrocephalus, traumatic brain injury, and intracerebral hemorrhage. These devices, essential in neurosurgical procedures, allow for the temporary drainage of cerebrospinal fluid (CSF) from the brain's ventricles, helping to alleviate pressure and prevent further neurological damage. The market is driven by the increasing incidence of neurological disorders, advancements in medical technology, and a growing demand for effective neurocritical care in hospitals and specialized medical centers.

External Ventricular Drain Market: Growth Drivers

EVD is a therapy that enables cerebrospinal fluid (CSF) to be temporarily drained out from the brain ventricles to relieve increased intracranial pressure. External Ventricular Drain (EVD) is one of the most simple and crucial procedures that even a junior resident should master. But if the technical principles are not respected, even the most experienced may face difficulties while performing this procedure. For patients with severe hydrocephalus and intraventricular bleeding, this is a life-saving technique. While other equipment for intraparenchymal stresses surveillance is limited, the EVD vents out cerebrospinal fluid (CSF) and discharges CSF diseases that are connected to intracranial hypertension. The EVD, however, is extra-invasive than the machinery for controlling intraparenchymal stress.

The rising incidences of traumatic injuries and strokes are driving the external ventricular drain market globally. The increase in several instances of brain surgeries among children has also stimulated the external ventricular drain market development. In addition, technical progress related to stress surveillance is also contributing to the market development of external ventricular drain. Furthermore, the increasing healthcare spending and rising geriatric population will further drive the market for external ventricular drain in the future.

This is, however, a very critical operation that restricts this market’s development. However, the absence of knowledge and rising prices of external ventricle devices (EVD) may restrict the market for external ventricular drain in the years ahead.

This market is driven by the increasing incidence of neurological disorders, rising awareness of effective neurocritical care, and advancements in medical technology that have improved the safety and efficacy of EVD systems. Hospitals and specialized neurosurgery centers are the primary users of these devices, with demand growing in both developed and emerging markets due to better access to healthcare and the increasing prevalence of conditions requiring intracranial pressure management.

The EVD market is also influenced by the growing number of geriatric populations, who are more susceptible to brain-related conditions, and the rising number of traumatic injuries leading to the need for emergency neurosurgical interventions. Additionally, ongoing research and development efforts are focused on improving EVD technology, such as integrating monitoring capabilities and enhancing patient safety features, which is expected to further drive market growth.

External Ventricular Drain Market: Report Scope

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, R&D, and regional expansion of major participants involved in the market on a global and regional basis.

External Ventricular Drain Market: Segmentation

The external ventricular drain market is fragmented based on indication and end-user.

Based on indication, the external ventricular drain market is classified into hematomas posterior fossa, cranial injuries, IV ventricle obstruction, posterior fossa tumor, meningitis, subarachnoid hemorrhage into CSF, subdural hematomas, and others.

The end-user segment is divided into nursing home, neurology hospitals, pediatric care center, and others. The pediatric care center is anticipated to be the most dominant market segment over the forecast time period.

External Ventricular Drain Market: Regional Insights

The external ventricular drain market is fragmented based on indication, end-user, and region. The regional segment includes North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.

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North America is the biggest market for external ventricular drain market globally, due to the growing incidences of neurological illnesses and traumatic injuries. The development of the external ventricular drain market in Europe is due to the rising healthcare infrastructure and favorable reimbursement scenario. Due to the attention of global investors in the Asia Pacific, this region is a rapidly growing market for external ventricular drain and tracking scheme. India and China are anticipated to majorly contribute to the expansion of the Asia Pacific external ventricular drain market in the years ahead.

Key Market Players & Competitive Landscape:

Some of the key players operating in the external ventricular drain market are:

• Medtronic
• Spiegelberg
• Integra Life Sciences Corporation
• Johnson & Johnson Services
• Sophysa

This report segments the global external ventricular drain market into:

Global External Ventricular Drain Market: Indication Analysis

• Posterior Fossa Tumor
• Hematomas Posterior Fossa
• IV Ventricle Obstruction
• Cranial Injuries
• Subdural Hematomas
• Meningitis
• Subarachnoid Hemorrhage into CSF
• Other

Global External Ventricular Drain Market: End-User Analysis

• Pediatric Care Center
• Neurology Hospitals
• Nursing Home
• Others

Global External Ventricular Drain Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa