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External Ventricular Drain Market Growth, Trends, Size, Share, Consumption, Revenue and Forecast 2021 to 2030

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External Ventricular Drain Market size is expected to reach over USD 3.97 billion by 2030 from USD 2.51 billion in 2021, expanding growth at a CAGR of 5.2% from 2021 to 2030.

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Growth Factors:

Factors such as growing incidence of neurological diseases, growing focus on research and development in the field of neuro care, rising number of traumatic brain injuries due to road accidents, fast adoption of latest healthcare technology globally, growing number of cranial injuries, growing demand for less invasive neurosurgical procedures, multiple advantages offered by external ventricular drain procedures, and rising awareness related to neurological disorders in low-income countries are driving the growth of external ventricular drain market. Moreover, increasing per capita healthcare expenditure across the globe is driving the external ventricular drain market growth across the world. Additional features that are expected to fuel this business are integration of latest technologies and growing investment by key manufacturers.

Administrations across the globe are increasing their expenditure to deliver better healthcare facilities. For example, an examination based on primary government statistics by the Centers for Medicaid &Medicare Services discloses that the United States healthcare expenditure grew 4.6% in the year 2018, attaining USD 3.6 trillion (USD 11,172 per individual). As a portion of the country’s GDP (Gross Domestic Product), health expenditure accounted for almost 18%. Further developed nations such as Japan, Germany, and France are too increasing their healthcare expenditure each year. The healthcare system of France includes the private-public mix of ambulatory care and hospital with a higher capacity of service supplies, as compared to the United States. Apart from advanced countries, healthcare expenditure is also increasing in emerging countries throughout the world. Emerging countries are focusing on providing improved healthcare facilities to a large populace. For instance, public health spending in India has been progressively rising over the previous decade so as to cater to its increasing population. In the financial year 2018, the cost of public health outlay by states and UTs (union territories) collectively amounted to about USD 21.14 billion. This was valued to be about 1.28% of the nation’s Gross Domestic Product.

Report Highlights Details
Market Size USD 3.97 Billion by 2030
Growth Rate CAGR of 5.2% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Indication, End-User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Report Highlights:

  • Among the indication segment, traumatic brain injuries (TBI) dominated the overall market in 2020. The rising number of accidents and sports-related injuries are the foremost factors attributing to its large market share. The meningitis segment is anticipated to grow at the uppermost CAGR through the forecast duration.
  • Hospitals accounted for the major share in the end-user segment with more than 46% share in 2020 due to high preference for hospitals to carry out complex neurosurgical procedures. Moreover, hospitals are equipped with the latest equipment required for advanced procedures.
  • Medtronic and Integra Life Sciences Corporation accounted for a significant share of the global external ventricular drain market.

Key Players

  • Medtronic
  • Integra LifeSciences Corporation
  • Spiegelberg
  • Sophysa
  • Möller Medical
  • Fugi Systems Corporation

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Overview of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume). This report also studies global market prominence, competitive landscape, market share, growth rate, market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Key Points of the Global External Ventricular Drain Market Report:

The report provides a basic overview of the External Ventricular Drain industry including its definition, applications, and manufacturing technology.

The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to ‘2030 year’, along with the market shares for each company.

Through the statistical analysis, the study depicts the global market for External Ventricular Drain including capacity, production, production value, cost/profit, and supply/demand from an international perspective.

Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.

The report then estimates the market development and trends of the External Ventricular Drain industry up to 2030.

The report hints at crucial information associated with new market developments being undertaken in the External Ventricular Drain industry before evaluating its feasibility.

Market Segmentation

By Indication

  • Traumatic Brain Injury (TBI)
  • Subarachnoid Hemorrhage into CSF
  • Meningitis
  • Posterior Fossa Tumor
  • Subdural Hematoma (SDH)
  • Hematomas Posterior Fossa
  • IV Ventricle Obstruction
  • Others

By End-User

  • Hospitals
  • Pediatric Care Center
  • Ambulatory Surgery Centers
  • Others

Reasons to Purchase this Report:

Estimates External Ventricular Drain development trends with SWOT analysis

Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion

Market dynamics scenario, along with growth opportunities for players in the years to come

Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

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