by The global external ventricular drain market is an important part of medical device industry. External ventricular drains are tubes inserted in the brain which are used to drain out excess cerebrospinal fluid from the ventricles and drain it out of the body. They find applications in conditions where intracranial pressure needs to be monitored or drained, such as hydrocephalus, traumatic brain injury, subarachnoid hemorrhages and brain tumors. External ventricular drains help relieve increased intracranial pressure which results in more favorable patient outcomes. Advancements in intracranial pressure monitoring technology have enabled monitoring pressure dynamically and accurately.
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 Market are Spiegelberg GmbH & Co. KG, Medtronic, Sophysa, Neuromedex GmbH, Integra LifeSciences, Möller Medical GmbH, B. Braun SE and Fuji Systems. Key opportunities in the market include rising incidence of neurological disorders, growing geriatric population susceptible to neurological conditions and increasing investments in healthcare infrastructure and systems in emerging economies. Recent advancements like intelligent external ventricular drains with embedded sensors allowing continuous monitoring of intracranial pressure are transforming patient management.
Market Drivers
The Global External Ventricular Drain Market Demand is driven by rising prevalence of neurological conditions like traumatic brain injury, stroke, hemorrhages etc. growing geriatric population globally also contributes as age is a risk factor for many such conditions. According advancement in neurosurgical practices and availability of specialized healthcare professionals are supporting market growth. Growing healthcare expenditure in developing nations also create new opportunities. Improving reimbursement policies related to brain related procedures further aid the market expansion.
The key drivers for global external ventricular drain market growth include rising incidence of neurological disorders worldwide, aging population susceptible to brain diseases, development of advanced neurosurgical management practices and growing healthcare spending in emerging regions.
Current Challenges in Global External Ventricular Drain Market:
The global external ventricular drain market is facing various challenges like high risk of ventriculitis, hemorrhage, and malfunctioning of drainage system. Infection associated with external ventricular drains is a major concern as it can lead to brain inflammation. Ensuring proper sterilization during insertion and maintaining aseptic conditions post procedure is important to avoid infection. Device malfunctioning poses rehabilitation challenges for patients. Careful monitoring is required to detect any drainage obstruction issues on time.
SWOT Analysis
Strength: Advanced drainage catheter designs with anti-block and anti-reflux features improves drainage efficiency. Rising investment in R&D of safer and easy to use drainage systems.
Weakness: Risk of complications like bleeding and infection during insertion require high surgical skills. Device dependence makes rehabilitation a longer process.
Opportunity: Growing geriatric population prone to hydrocephalus and brain injuries increases market potential. Development of infection resistant and minimally invasive drainage systems.
Threats: Stringent regulatory approvals and reimbursement policies delay market entry of new devices. Alternative treatment methodslike choroid plexus cauterization impact adoption.
Geographical Regions
North America dominated the global external ventricular drain market in terms of value in 2024 due to rising aging population, increasing healthcare spending and availability of advanced treatment options. The United States accounted for the major share due to presence of key players and growing demand for neurosurgical devices.
Asia Pacific is projected to experience the fastest growth during the forecast period driven by improving access to healthcare facilities, growing medical tourism industry in countries like India and China. Rising incidence of TBI and hemorrhagic strokes also contributes to regional market expansion.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
