Global External Ventricular Drain Market Report and Forecast 2024-2032

Global External Ventricular Drain Market Outlook

The global external ventricular drain market value was USD 5.03 billion in 2023. The prominent factors that drive the market is the increasing prevalence of neurodegenerative disorders across the globe. The market size is anticipated to grow at a CAGR of 7% during the forecast period of 2024-2032 to achieve a value of USD 9.25 billion by 2032.

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Rising Demand from the North American Region is Expected to Support the Market Growth of External Ventricular Drain

The market for external ventricular drain is supported by the rising demand from the North American region. This can be attributed to the extreme prevalence of diseases in this region. The market in the Asia Pacific region is expected to witness an exponential growth over the forecast period owing to the expanding product offerings by the key players. Europe is also expected to be a significant market for external ventricular drain over the forecast period.

The external ventricular drain industry is predicted to witness a healthy growth in the forecast period. The hydrocephalus and traumatic brain injury segment are estimated to be a dominant indication in the market for external ventricular drain during the forecast period. On the basis of end use, specialty hospitals are predicted to lead in terms of revenue as opposed to hospitals and specialty clinics.

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External Ventricular Drain: Market Segmentation

An external ventricular drain, variously known as ventriculostomy or extraventricular drain, is a tool used in neurosurgery for the treatment of hydrocephalus and relieve exalted intracranial pressure when the normal flow of cerebrospinal fluid inside the brain is blocked.

On the basis of product type, the market is divided into:

• Ventricular Drainage Set
• Accessories

Based on application, the industry can be segmented into:

• Hydrocephalus
• Reye Syndrome
• Subarachnoid Haemorrhage
• Traumatic Brain Injury
• Others

By end use, the industry is divided into:

• Hospitals
• Specialty Hospitals
• Specialty Clinics
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Prevalence and Recurrence of Traumatic and Hydrocephalus Brain Injury to Aid the Global Market Growth of External Ventricular Drain

The market for external ventricular drain is being driven by the increasing prevalence and recurrence of traumatic and hydrocephalus brain injury. This is expected to aid the market growth over the forecast period as well. The market for external ventricular drain is further propelled by the increasing number of brain surgeries of children. In addition, the launch and addition of new therapies are significantly contributing to the market growth of external ventricular drain.

Key Industry Players in the Global External Ventricular Drain Market

The report gives a detailed analysis of the following key players in the global external ventricular drain market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Medtronic plc
• Integra Life Sciences Corporation
• Spiegelberg GmbH & Co. KG
• Zebra Medical
• Neuromedex GmbH
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report