External Ventricular Drain Market Size, Share, Industry, Forecast and outlook (2024-2031)

External Ventricular Drain Market is segmented by Product type(Ventricular Drainage Set  and Accessories), By Application(Traumatic Brain Injury, Subarachnoid Hemorrhage, Intracerebral Hemorrhage and Other Non-traumatic Hydrocephalus Conditions), By End-use(Hospitals, Specialty Hospitals, Specialty Clinics and Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2023-2030

External Ventricular Drain Market Overview

[180 Pages Report] The Global External Ventricular Drain Market is predicted to reach at a high CAGR during the forecast period (2023-2030).

External Ventricular Drain Market Report Scope

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External ventricular drain (EVD), also known as a ventriculostomy, is a device used in neurosurgery to treat hydrocephalus and relieve raised intracranial pressure when the normal flow of cerebrospinal fluid (CSF) inside the brain is blocked.

Market Dynamics

The increasing prevalence of Stroke and Ischemic Stroke Subtypes is expected to drive the market's growth.

According to the article, they were published in February 2021. There are few recent epidemiological data on stroke for Central Europe. They performed a population-based study evaluating the incidence of stroke, stroke types, and ischemic stroke (IS) subtypes in Brno, the second biggest city in the Czech Republic (CR). Using the National Registry of Hospitalized Patients and hospital databases, they identified all patients hospitalized with a stroke diagnosis in Brno hospitals in 2011. For Brno residents with a validated stroke diagnosis, they calculated (a) the overall incidence of hospitalized stroke, incidence rates for IS, subarachnoid hemorrhage (SAH) and intracerebral hemorrhage (ICH), and incidence rates for IS subtypes. They calculated the average annual age- and sex-standardized incidence (European Standard Population and World Health Organization) to compare them with other studies. The overall crude incidence of stroke in Brno was 213/100,000 population. The incidence of stroke for stroke types was as follows: SAH, 6.9; ICH, 26.4; and IS, 180 cases per 100,000 population, respectively. The WHO-standardized annual stroke incidence was 107 for all strokes and 88 for IS, 14.4 for ICH, and 5 for SAH. For IS subtypes, the WHO-standardized incidence was large artery atherosclerosis 25.8, cardioembolism 27.8, lacunar 21.6, other determined etiology 6.2, and undetermined etiology 6.5 cases per 100,000 population. Thus, the stroke incidence is lower than that previously reported for the CR and Eastern Europe, probably reflecting socioeconomic changes in post-communistic countries in the region. These findings could contribute to stroke prevention strategies and influence health policies, which is expected to drive the market's growth in the forecast period.

Complications associated with the insertion of the external ventricular drain are expected to hamper the market's growth.

External ventricular drains (EVDs) have an important role in managing neurological disease, and their placement is a frequently performed neurosurgical procedure. Complications arising from EVD's include hemorrhage, misplacement, dislodgement, blockage, and, most significantly, infection, which may be complicated by ventriculitis, meningitis, brain abscess, or subdural empyema. Thus, from the above statements, the market is expected to hamper in the forecast period.

COVID-19 Impact on External Ventricular Drain Market

The COVID-19 pandemic has affected the healthcare systems and has a notable impact on the market. Moreover, the consistent virus spread has significantly obstructed the supply chain of the key external ventricular drain market. The pharmaceutical companies that operate in the external ventricular drain market have focused their R&D expenditure and workforce on developing COVID-19 therapeutics and vaccines. Additionally,  as per the research study issued in the NCBI report 2020, some patients hospitalized for coronavirus infection showed clinical and neurochemical signs of brain injury. Thus, the market will undergo impetus during the forecast period.

External Ventricular Drain Market Segmentation Analysis

The traumatic Brain Injury segment is expected to hold the largest market share in this market segment.

The traumatic brain injury segment held the largest market share in 2020. The segment benefits from the increasing prevalence of traumatic brain injuries due to road accidents, fall, and violence which is expected to boost the market in the forecast period. For instance, according to the Centers for Disease Control and Prevention, on 8 January 2021, over 2.5 million traumatic brain injuries occur in the United States each year, and most of these are reflected as mild traumatic brain injuries (mTBI) concussions. The actual number of annual concussions may be much higher because up to half may go unreported. Falls, being struck by an object and motor vehicle accidents are thought to be the most common causes of traumatic brain injury, in general.  However, it is estimated that up to 3.8 million concussions occur in the United States during sports and recreational activities each year.

Similarly, as per the European Injury Database (IDB), approximately 6.1 million people are treated in hospitals for injuries every year. These injuries include facial and traumatic brain injuries. Thus, the market is expected to hold the largest segment in the forecast period from the above statements.

The ventricular Drainage Set segment is expected to hold the largest market share in this market segment.

The ventricular drainage set segment held the largest market share in 2020. The segment growth is beneficial because the patients with a severe head injury in cases of hydrocephalus are expected to boost the market in the forecast period. External Drainage Systems allow the Cerebrospinal Fluid (CSF) to drain from the brain's lateral ventricles. It also monitors these drainage levels, such as drainage from the lumbar subarachnoid space to decrease intracranial pressure (ICP) and monitor cerebrospinal fluid and intracranial pressure.

Moreover, it also allows CSF to be temporarily drained. A pole mount may be gathered for additional support and to ensure the External Drainage Systems are properly aligned. In addition, it is also used during surgery, particularly tumor surgery, until the CSF circulation is re-established. Thus, to the increase in head injuries, the increase in the surgeries related to the brain led to the increase in the demand for ventricular drainage sets, which is expected to hold the largest market segment in the forecast period.

External Ventricular Drain Market Geographical Share

North America region holds the largest market share in the global external ventricular drain market.

North America dominated the market with a revenue share in 2020. The region's growth is benefited by the greater incidence of traumatic brain injuries and the high prevalence of neurovascular disorders. North America dominated the market with a revenue share in 2020. The region's growth is benefited by the greater incidence of traumatic brain injuries and the high prevalence of neurovascular disorders, according to the Pan American Health Organisation, 8 July 2021. The burden of deaths and disability caused by neurological disorders is increasingly recognized as a global public health challenge. Its burden is set to rise during the next few decades due to the population aging. In 2019, regionwide Neurological conditions account for 533,172 deaths, 213,129 (40%) in men, and 320,043 (60%) in women. Moreover, 32.9 deaths per 100,000 population (age-standardized), 33.1 deaths per 100,000 population in men and 32.2 deaths per 100,000 population in women. Age-standardized death rates vary across countries from a high in the United States of America (47.4 deaths per 100,000 population) to a low in Venezuela (6.6 deaths per 100,000 population).

In addition, rapid technological advancements and major medical equipment companies such as Medtronic. Integra LifeSciences is also contributing to the market's growth for the external ventricular drain in the region. Thus, from the above statements, the increasing TBI and neurological disorders have led to the demand for external ventricular drain devices, which is expected to hold the largest market region in the forecast period.

External Ventricular Drain Market Competitive Landscape

The external ventricular drain market is vast with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Spiegelberg GmbH & Co. KG, Medtronic, Sophysa, Dispomedica GmbH, Integra LifeSciences, Möller Medical GmbH, B. Braun Melsungen AG, Fuji Systems, Zebra Medical and Neuromedex GmbH. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the external ventricular drain market globally.

External Ventricular Drain Market Key Companies to Watch

Medtronic plc:

Overview:

Medtronic plc is an American-Irish registered medical device company that primarily operates in the United States. It has an operational and executive headquarters in Fridley, Minnesota, in the US. Moreover, it develops and manufactures devices and therapies to treat more than 30 chronic diseases, including heart failure, Parkinson's disease, urinary incontinence, Down syndrome, obesity, chronic pain, spinal disorders and diabetes. It is operated in 140 countries and employs over 104,950 people.

­Product Portfolio:

Medtronic plc. has continuously set new standards for continuous manufacturing of External Ventricular Catheters.

The global external ventricular drain market report would provide an access to an approx.55 market data tables, 51 figures and 180 pages.