External ventricular drains facilitate drainage of cerebrospinal fluid from the ventricles to monitor intracranial pressure and address obstructive hydrocephalus condition. The devices are flexible catheters inserted surgically into the ventricles of brain and connected to a collection system to drain excessive cerebrospinal fluid externally from the brain ventricles. The external ventricular drains provide temporary drainage of cerebrospinal fluid to manage raised intracranial pressure among patients with brain hemorrhage, tumors and other injuries. Increasing geriatric population susceptible to neurological disorders, rising trauma and accidents cases worldwide are driving the demand for external ventricular drain procedures.
The Global external ventricular drain Market is estimated to be valued at US$ 10.63 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Global external ventricular drain are Spiegelberg GmbH & Co. KG, Medtronic, Sophysa, Neuromedex GmbH, Integra LifeSciences, Möller Medical GmbH, B. Braun SE and Fuji Systems. Key players are involved in new product launches and geographical expansion activities to strengthen their market presence. For instance, in 2022 Spiegelberg launched several new external ventricular drainage products.
The key opportunities in the Global External Ventricular Drain Market Demand include increasing hospitalization and ICU admissions for neurological surgeries, growth in demand for minimally invasive neurosurgery and rising adoption of external drainage procedures as permanent shunt placements. The industry is also witnessing growth opportunities owing to new product innovations including anti-reflux and programmable valves with external ventricular drains.
Globally, the external ventricular drain market is expanding with significant growth in Asia Pacific and Latin America owing to growing healthcare infrastructure, rising medical tourism and increasing disposable incomes. Key players are focusing on emerging countries for geographical expansion through partnerships and joint ventures with local players.
Market Drivers:
- Rising incidences of traumatic brain injury, brain tumors and strokes globally. Neurological disorders require urgent external ventricular drainage making it a critical care category.
- Growing geriatric population susceptible to neurodegenerative conditions. Age is a major risk factor for neurological disorders requiring short term external drainage of cerebrospinal fluid.
Market Restraints:
- Complications associated with external ventricular drainage including bleeding, blockages and infections. This discourages widespread adoption particularly in developing nations.
- Requirement of specialized neurosurgeons for external ventricular drain placement. Shortage of neurosurgeons restrains market growth in underdeveloped regions.
Segment Analysis
This market is segmented into ventricular drainage kits, ventricular drainage catheter, and accessories. Among these, the ventricular drainage catheter dominates with over 35% market share attributing to its high usage. It is used to drain excess cerebrospinal fluid from the ventricle to monitor intracranial pressure.
Adult age group holds the major market share of around 60% as external drainage is mostly required for traumatic brain injuries, subarachnoid hemorrhage, and intraventricular hemorrhage which are common among adults. Whereas pediatric age group market is growing at a higher CAGR owing to rising cases of congenital hydrocephalus requiring external drainage.
Global Analysis
North America dominated the global external ventricular drain market with over 35% share majorly due to well developed healthcare infrastructure and rising healthcare expenditure. Presence of key players and availability of reimbursement for neurosurgical procedures further support market growth.
Asia Pacific is poised to witness highest CAGR during the forecast period. Rising geriatric population, improving healthcare facilities and increasing spending on brain related disorders treatment are some factors boosting demand. In addition, growing medical tourism industry in countries like India and China attract patients from other regions augmenting regional market.
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