Global Cerebrospinal Fluid Drainage Catheter Market by Type (Lumbar Drainage Catheter, Ventricular Drainage Catheter) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global cerebrospinal fluid drain catheter market was valued at USD 257.34 Million in 2020. It is projected to grow at a compound annual rate (CAGR of 4.5%) between 2021 and 2028. Due to increasing incidences of neurological disorders and increased road accidents that can cause spinal and traumatic brain injuries, the demand for Cerebrospinal Fluid drainage catheters will increase. CSF drainage catheters will be in high demand due to technological advances and a rising preference for minimally invasive procedures. CSF drainage catheters have been negatively affected by the current COVID-19 outbreak. To reduce the spread of the disease, many brain-related surgeries have been delayed or canceled during this time.

In highly affected countries like the U.S. and Spain, neurosurgical procedures fell to 55%. This includes the U.K. Italy, Spain, Brazil, Russia, France. The number of COVID-19 cases in the U.S. soared in March 2020. In response, the American College of Surgeons (ACS), recommended that elective procedures be postponed or cancelled. Due to nationwide lockdowns over the last few months, disruptions to the supply chain, manufacturing activities and delivery schedules as well as the sale of CSF catheters has been caused. The market is expected to rebound over the forecast period, as many countries have begun to ease lockdowns and resume some elective procedures. The outbreak has opened up opportunities for local manufacturers.

The market is driven by the increasing incidence of spinal and cranial injuries/trauma around the world. Other than falls, sports injuries and gunshot wounds, road accidents and violence are the leading causes of head trauma. This results in thousands of people being hospitalized and permanently disabled each year. The outcome of elevated intracranial pressure following head or spinal injuries is considered unfavorable with a death rate of around 20.0%. According to the CDC 1.5 to 2 Million people and children are subject to traumatic brain injuries each year. The highest hospitalization rates were found in older adults 65 and over (81%). According to WHO, there are between 250,000-500,000 spinal cord injuries each year worldwide. Most of these injuries can be prevented, including road traffic accidents, falls and violence. CSF drainage catheters are now a key component of healthcare due to the increase in traumatic brain injuries and spinal injuries around the globe.

Market growth is expected to be driven by increasing cases of neurological disorders like hemorhagic strokes and ischemic strokes as well as intracranial tumors and hydrocephalus. According to the WHO, cerebrovascular stroke is second in mortality and third in disability worldwide. Around 60-80% of strokes are ischemic. This is due to a blocked blood vessel, which limits blood supply to the brain, or when a weaker blood vessel bursts and bleeds into surrounding brain. The incidence of strokes has more than doubled in the last few years in countries with low and middle income. India, for example, has a high incidence rate of ischemic stroke. This is the number one cause of death. According to an All India Institutes of Medical Sciences 2016 study, around 1.8 million Indians are affected by stroke each year. This will drive the market during the forecast period.

With a market share of more than 80.0%, the U.S. was the dominant North American market in 2020. This is due to the high prevalence of cerebrovascular diseases, the availability skilled neuro professionals and the advanced healthcare infrastructure. The region will also be affected by the increasing number of neurovascular surgery due to traumatic brain injury. The region's market growth is also being facilitated by an increase in FDA approvals of CSF drainage catheters for clinical applications. This includes head injury, spinal injury, hydrocephalus and inflammatory diseases in the cerebrospinal area. CSF drainage catheters are being used more frequently in medical conditions, which is driving market growth in the U.S.

The market is expected to grow due to a growing interest in minimally or noninvasive neurosurgeries. The growing demand for this procedure is due to its minimal pain, safety, efficacy and cost efficiency. It also allows for faster recovery than traditional open surgery. Minimally invasive neurovascular procedures are less invasive than traditional open surgeries. This makes the procedure more natural and easier. The demand for minimally invasive procedures is expected to rise due to rising concerns about aesthetics, natural appearance, and less blood loss during surgery. These benefits, which are cumulatively responsible for reducing trauma and improving patient outcomes, will drive the market during the forecast period.

Type Insights

The market share for ventricular drainage catheters was over 70% in 2020. It is expected that the segment will grow at the highest CAGR between 2021 and 2028. A high rate of intraventricular hemorhage and traumatic brain injury, which can lead to intracranial bleeding (hemorrhage), are driving the demand for ventricular drain catheters to remove cerebrospinal fluid from brains. According to the CDC cerebral hemorhage is the second most common cause of stroke in the United States and accounts for approximately 13% of all strokes. According to the World Stroke Organization's (WSO) factsheet, worldwide, over 13.7 million strokes are reported every year. 60% of hemorhagic strokes are in people younger than 70 years, and 10% in those under 44 years. This segment is expected to grow over the forecast period.

The forecast period will also see the segment of ventricular drainage catheters being driven by a few other factors, including the increasing number of road accidents that can cause traumatic brain injury, advances in medical technology and a growing demand for minimally invasive procedures. Worldwide, the number of trauma injuries is rising, particularly in developing countries like India and China. According to WHO, India is the country with the greatest number of deaths from road traffic accidents. A ventricular drainage catheter is used to drain excess cerebrospinal liquid from the brain and spinal cord during a traumatic brain injury. This will likely accelerate the growth of the segment during the forecast period.

Application Insights

With a market share of more than 40.0% in 2020, the traumatic brain injury segment was the dominant segment. It is expected to show the highest CAGR between 2021 and 2028. The segment's high incidence of TBIs due to road accidents, violence or falls is expected to drive its growth over the forecast period. This causes thousands of people to be hospitalized and suffer permanent disability every year. According to the Brain and Spine Institute in France, 170,000 people are affected by traumatic brain injuries each year. These injuries can be mild or severe. Brain injuries have caused more than 10,000 people to become permanently disabled. According to the WHO report, Africa has a road traffic mortality rate of 26.6 per 100,000 people. This will support segment growth during the forecast period.

Additionally, there is an increase in the risk of spinal and traumatic brain injuries as people engage in more sport and recreation activities. According to Stanford Children's Health data, more than 3.5 million children are injured each year. According to the Canadian Institute of Health, 17655 people were admitted to hospital for injuries related to sports between 2016 and 2017. In military settings, traumatic brain injury is a major cause of disability. TBIs are common among active-duty military personnel due to gunshots and explosive blast exposure. To remove excess cerebrospinal fluid, drainage catheters will be required. This will drive the market during the forecast period.

Regional Insights

North America was the dominant market, with a greater than 35.0% share in 2020. This can be attributed to the high prevalence and incidence of traumatic brain injuries and spinal injuries, as well as neurovascular disorders such as intraventricular hemorhage or ischemic strokes. According to the 2020 SCI Data sheet from the National SCI Statistical Center, (NSCISC), approximately 54 new cases of spinal cord injury are reported each year in the U.S. This is approximately 54 cases for every one million people. The leading cause of spinal injuries is currently vehicle crashes (32.2%) and falls (14.0%). Sports/recreational activities (7.8%) are the next three. The region's market growth is also due to the development of the healthcare sector and the presence major medical device companies like Medtronic, Natus Medical and Integra LifeSciences. The market is driven by the high incidence of neurovascular disorders and injury and growing awareness among people about illness and treatment.

Asia Pacific will grow at a 4.9% CAGR between 2021 and 2028. This region is expected to be driven by the large population of patients in emerging countries and rising healthcare spending. Due to the region's low cost structure, global market players are expected to make significant R&D investments in the region. This will have a positive impact on product demand during the forecast period. The market is being driven by the increasing number of brain injuries and a growing geriatric population. According to the WHO report 2018, falls-related injuries in elderly people in China are a major social and health concern. It is estimated that 18-44% of elderly suffer from fall-related injuries each year. This will provide significant growth opportunities in the region.

Market Share Insights & Key Companies

To gain more market share, the market's competitors are adding new features to existing products or launching new product lines. To lower care costs, these market leaders are always incorporating new technologies into their products. Arkis BioSciences, part of Integra LifeSciences, launched Endexo polymer macromolecule in April 2018 for neurosurgical use with the CerebroFlo EVD Catheter. This is designed to decrease the risk of catheter obstruction that can be associated with conventional EVD catheters. These technologically advanced products will likely boost companies' profits during the forecast period.

Companies are also pursuing various strategies such as mergers and acquisitions, partnerships and product launches in order to increase their market share and offer competitive diversification. Many companies are expanding geographically to reach the untapped market of CSF drainage catheters. Integra LifeSciences Inc., for example, acquired Arkis Biosciences Inc. in July 2019. This company offers a range of neurosurgical devices including EVD catheters. Integra will be able to expand its offerings in neurocritical care and strengthen its position as a leader in advanced catheter technology. Aesculap AG, a subsidiary of B. Braun AG, and Christoph Miethke GmbH & Co. KG (developer & distributor of neurosurgical instruments) formed a joint venture in January 2018. B. Braun Miethke GmbH & Co. KG was also created. This partnership will likely strengthen the company's offerings in the CSF management markets. The following are some of the major players in the global Cerebrospinal Fluid (CSF), drainage catheter market:

• Natus Medical, Inc.

• Desu Medica

• Spiegelberg GmbH & Co. KG

• Integra LifeSciences Corporation

• Medtronic

• Moller Medical GmbH

• Sophysa SA

Up Market Research published a new report titled “Cerebrospinal Fluid Drainage Catheter Market research report which is segmented by Type (Lumbar Drainage Catheter, Ventricular Drainage Catheter), By Players/Companies Integra LifeSciences Corporation, Spiegelberg GmbH & Co KG, Desu Medica, Moller Medical GmbH, Medtronic, Sophysa SA, Natus Medical Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Cerebrospinal Fluid Drainage Catheter Market Report Segments:

The market is segmented by Type (Lumbar Drainage Catheter, Ventricular Drainage Catheter).

Cerebrospinal Fluid Drainage Catheter Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Cerebrospinal Fluid Drainage Catheter Market

Overview of the regional outlook of the Cerebrospinal Fluid Drainage Catheter Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Cerebrospinal Fluid Drainage Catheter Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Cerebrospinal Fluid Drainage Catheter Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Lumbar Drainage Catheter

                2. Ventricular Drainage Catheter

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cerebrospinal Fluid Drainage Catheter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Cerebrospinal Fluid Drainage Catheter Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.