An external ventricular drain (EVD) is a catheter that is placed through a hole in the skull (burr hole) into the ventricles of the brain to drain excess cerebrospinal fluid (CSF) from the ventricles to other areas of the body. EVDs are used in neurosurgery to treat conditions such as hydrocephalus, hemorrhage, infection, and swelling. EVDs help to reduce pressure inside the skull and brain. Having an EVD allows continuous monitoring of pressures inside the brain and drainage of excessive CSF. The global external ventricular drain market is driven by the increasing prevalence of hydrocephalus and other neurological conditions requiring the placement of an EVD. Hydrocephalus affects approximately 1 in every 500 newborns and 1 in every 1000 adults globally. It is estimated that more than 1 million cerebrospinal shunt insertion procedures are performed every year to treat hydrocephalus.
The Global External Ventricular Drain Market is estimated to be valued at US$ 6.89 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 Size are Spiegelberg GmbH & Co. KG, Medtronic, Sophysa, Neuromedex GmbH, Integra LifeSciences, Möller Medical GmbH, B. Braun SE and Fuji Systems. These players are focusing on new product launches and increasing their geographical presence for a larger market share.
The key opportunities in the global external ventricular drain market include development of next-generation EVD products with additional functionalities such as real-time ICP monitoring and remote diagnostic capabilities. Technological advancements are also focusing on minimally invasive EVD placement procedures and catheter materials for improved biocompatibility and infection resistance.
Globally, developed markets in North America and Europe dominate the external ventricular drain market. However, the Asian market is expected to witness highest growth during the forecast period owing to increasing healthcare spending and availability of low-cost treatment options. Companies are expanding their regional presence through collaborations with local players across Asian and Latin American countries.
Market drivers
The rising prevalence of hydrocephalus due to several factors such as premature birth, infection, tumors etc. is a major driver for growth of the external ventricular drain market. Hydrocephalus affects millions of people worldwide requiring CSF drainage procedures. Advancements in neurointervention techniques have also increased the adoption of EVDs over traditional CSF shunt systems.
Market restraints
One of the key restraints in the external ventricular drain market is the risks and complications associated with EVD placement such as infection, hemorrhage, malpositioning of catheter. Strict regulatory approvals for new products and the availability of alternative CSF drainage options also pose challenges for market players. The requirement of skilled neurosurgeons is another bottleneck limiting widespread adoption.
Segment Analysis:
The global external ventricular drain market comprises two major segments, namely ventricular drainage system and ventricular drainage accessories. Among these, the ventricular drainage system segment is estimated to account for the largest share of the market during the forecast period. Ventricular drainage systems play an important role in maintaining intracranial pressure and draining excess cerebrospinal fluid from the brain ventricles to treat conditions like normal pressure hydrocephalus and obstructive hydrocephalus. This sub-segment is expected to remain highly lucrative over the next few years.
Regional Analysis:
North America is presently the dominant region in the global external ventricular drain market owing to factors like advanced healthcare infrastructure, increasing neurological disorders, growing elderly population, and high adoption rate of new technologies. The United States holds the largest share of the North American as well as global market due to robust presence of key industry players and continuous product upgrades. Asia Pacific is projected to witness the fastest growth during the forecast period led by expanding patient pool, rising healthcare spending, growing medical tourism industry, and improving public awareness about neurological diseases. Rapid technological progression in countries like China and India will further aid the market expansion in Asia Pacific.
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