Global External Ventricular Drain Market by Application (Intracerebral Hemorrhage, Traumatic Brain Injury, Subarachnoid Hemorrhage) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global external ventricular drain market was worth USD 5.3 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 7.6%) between 2020 and 2027. The market for external ventricule drains is driven by the rising incidence of neurological disorders, and increased road accidents that result in traumatic brain injury. Other factors that contribute to market growth include increased research and the adoption of more technologically advanced products.

According to WHO, neurovascular stroke is second leading cause of death and third leading cause of disability in the world. Between 60% and 80% of strokes are ischemic. It occurs when blood vessels become blocked, limiting blood flow to the brain, or when the vessel becomes weaker and bleeds into surrounding brain. In the past four years, stroke incidence has more than doubled in countries with low and middle incomes. India, for example, has one of the highest rates of ischemic strokes and is one of its leading causes of deaths. A recent study done by All India Institute of Medical Sciences, AIIMS (2016) found that approximately 1.8 million Indians are affected by cerebrovascular stroke each year. Ischemic stroke is also a common problem in Europe, where around 1.1 million suffer each year. A high rate of cerebrovascular diseases can lead to intraventricular bleeding (hemorrhage), and this in turn requires the use of ventricular drainage sets to drain excess cerebrospinal fluid. Over the forecast period, this is expected to be the driving force for the external ventricular drain market.

External ventricular drains are also being driven by the rising incidence of trauma and cranial injuries around the globe. Head trauma is most commonly caused by falls from vehicles and sports injuries. This causes thousands of people to be hospitalized and permanently disabled every year. A head injury can cause elevated intracranial pressure (ICP), which is associated with an increased mortality rate of 20%. To track the progression of brain injuries, it is important to monitor intracranial pressure continuously. According to the WHO, vehicle accidents are the ninth leading cause for death. According to the 2018 Association for Safe International Road Travel report, approximately 20-50 million people are disabled or injured each year as a result of road accidents. Accordingly, the top two causes of all traumatic brain injuries-related hospitalizations in the U.S. are falls (52%) and road accidents (20%). This will increase the demand for external ventricular drains for treatment.

The market for external ventriculosis drains will see a rise in demand due to the rising demand for non-invasive and minimally invasive neurosurgeries that help with lower trauma and better patient outcomes. This growing demand can also be attributed to the lower pain, cost-efficiency, safety and efficacy of external ventricular drains, as well as the quicker recovery time than traditional procedures. The procedure is also less invasive and requires less disruption of nearby tissues, making it more natural. External ventricular drains are also being sought out due to increasing concerns about natural appearance and aesthetics, as well as a lower blood loss during surgery.

The U.S., Canada and other countries have seen a high rate of neurovascular disorders. The most common cause of brain injuries among military personnel is from explosive blasts or gunshots. According to the Defense and Veterans Brain Injury Center, approximately 414,000 TBIs were reported by U.S. service personnel between 2000 and 2019. U.S. military personnel suffer an average of 1,600 TBIs each month. According to the Brain Injury Association Waterloo-Wellington, more than 11,000 Canadians are killed each year by TBIs and over 6,000 become permanently disabled after TBIs. The increasing number of brain surgery is due to neurovascular disorders and brain injury. This will boost the growth rate of the external ventricular drainage market over the forecast period.

The market for external ventricular drain will grow due to increased awareness of neurological diseases such as stroke, hemorhage, intracranial vascular stasis, and vascular malformations. Many programs and initiatives have been launched by the governments of different countries to increase public awareness and provide treatment for neurological conditions such as ischemic stroke. The United States Department of Health and Human Services has launched an initiative to reduce stroke incidence. The program aims to decrease stroke-related disorders and improve people's overall health. All these global initiatives to raise awareness about neurovascular disorders and other conditions are responsible for driving the external ventricular drainage market.

Application Insights

With a 33.7% share in 2019, the traumatic brain injury segment dominated external ventricular drains market. This segment is growing due to the increasing number of traumatic brain injury caused by road accidents, falls, and violence. These injuries result in thousands of people being hospitalized and permanently disabled each year. According to the European Injury Database (IDB), around 6.1 million people are treated annually in hospitals for injuries. These injuries include traumatic brain injuries and facial injuries. According to the CDC report, 56,000 seniors are admitted to hospital each year due to head injuries sustained from falls. 775,000 older adults live with traumatic brain injury-related disabilities. This will fuel segment growth over the forecast period.

Hydrocephalus is a condition that affects a large population around the globe. According to the Hydrocephalus Society, more than 1.0 million Americans are suffering from hydrocephalus, the leading cause of brain surgery. In America, more than 750,000 people live with normal pressure hydrocephalus. Globally, more than 400,000 infants are affected by infant hydrocephalus every year. This high incidence of neurovascular disorders and the increasing number of brain surgeries will likely boost the growth rate of the external ventricular drain market during the forecast period.

Regional Insights

With a 35.6% share in 2019, North America was the dominant market for external ventricular drains. This is due to the higher incidence of traumatic brain injury and the high prevalence of neurovascular diseases. According to the CDC, stroke is fifth most common cause of death. More than 140,000 Americans are affected by cerebrovascular stroke every year. Rapid technological advances and the presence major medical equipment companies like Medtronic and Integra LifeSciences contribute to the expansion of the market for external ventricular drains in the region. The market for external ventral drains is growing because of the rising prevalence of brain injuries and neurovascular disorders, as well as the increased awareness and treatment options available to patients.

The market for external ventricular drainage is expected to grow at 8.2% between 2020 and 2027 in the Middle East & Africa. Due to the large patient population in emerging economies and rising healthcare costs, this is a result. According to the International Federation for Spina Bifida & Hydrocephalus (IFSB), over 375,000 cases of infant hydrocephalus occur in sub-Saharan Africa every year. The increasing number of road accidents in MEA countries is alarming and is now the leading cause for mortality among young adults. This will drive the growth of external ventricular drain market during the forecast period. According to the WHO report, there has been a 26.6 death per 100,000 road traffic victims in Africa.

Market Share Insights & Key Companies

To increase their market share, key companies are implementing various strategies like strategic collaborations and product launches. Arkis BioSciences was approved by the U.S. FDA in September 2017 for its CerebroFlo external ventricular drainage catheter. It can be inserted into the ventricular cavity to drain cerebrospinal fluid externally.

In order to increase their product range, manufacturing capabilities, and competitive diversity, companies are engaging in mergers, acquisitions, or partnerships. Integra LifeSciences Inc., a provider and developer of neurosurgical devices, acquired Arkis Biosciences Inc. in July 2019. This acquisition will increase the company's offerings for neurocritical care. In a USD 1.7 billion transaction, Medtronic also acquired Mazor Robotics, an Israeli company. Mazor Robotics will be part of Medtronic’s Neurosurgery division under the Restorative Therapies Group's Brain Therapies. This will likely increase the company's global presence and revenue over the next few years. The market for external ventricular drainage is dominated by the following:

• Spiegelberg GmbH & Co. KG

• Medtronic

• Sophysa

• Dispomedica GmbH

• Integra LifeSciences

• Moller Medical GmbH

• B. Braun Melsungen AG

• Fuji Systems

Up Market Research published a new report titled “External Ventricular Drain Market research report which is segmented by Application (Intracerebral Hemorrhage, Traumatic Brain Injury, Subarachnoid Hemorrhage), By Players/Companies M¶ller Medical GmbH, Spiegelberg GmbH & Co KG, Medtronic, B Braun Melsungen AG, Dispomedica GmbH, Integra LifeSciences, Fuji Systems, Sophysa”. 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 External Ventricular Drain Market Report Segments:

The market is segmented by Application (Intracerebral Hemorrhage, Traumatic Brain Injury, Subarachnoid Hemorrhage).

External Ventricular Drain 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 External Ventricular Drain Market

Overview of the regional outlook of the External Ventricular Drain 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 External Ventricular Drain Market Report:

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

                1. Intracerebral Hemorrhage

                2. Traumatic Brain Injury

                3. Subarachnoid Hemorrhage

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 External Ventricular Drain 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 External Ventricular Drain 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.