About External Ventricular Drain
External ventricular drains are preferred, as they offer the opportunity to drain cerebrospinal fluid (CSF) to reduce ICP using a combination of gravity and intercerebral pressure, as well as provide a more global estimate of the ICP as compared with intraparenchymal devices. It is a temporary catheter that drains cerebrospinal fluid (CSF) from the lateral ventricles of the brain, or the lumbar space of the spine, into an external collection bag.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 7.4% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global External Ventricular Drain market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Spiegelberg Gmbh & Co. Kg (Germany), Medtronic plc (Ireland), Sophysa (France), Dispomedica Gmbh (Germany), Möller Medical GmbH (Germany), Fuji Systems Corporation (Japan), B. Braun Melsungen Ag *Germany), Integra LifeSciences Holdings Corporation (United States), Healthy Life Pharma (India) and Geistlich Pharma Inc. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are R.N. Laboratories Pvt. Ltd (India) and Cadila Pharmaceuticals (India).
Segmentation Overview
AMA Research has segmented the market of Global External Ventricular Drain market by , Application (Traumatic Brain Injury, Subarachnoid Hemorrhage, Intracerebral Hemorrhage and Other Non-Traumatic Hydrocephalus Conditions) and Region.
On the basis of geography, the market of External Ventricular Drain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by End-users, the sub-segment i.e. Hospitals will boost the External Ventricular Drain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channels will boost the External Ventricular Drain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in the Medical Science
Market Growth Drivers:
Increased Incidences of Cranial Injuries and Trauma and Rising Demand for Minimally Invasive or Noninvasive Surgeries
Challenges:
Stringent Government Rules and Regulations
Restraints:
Complications Associated with the Use of Ventricular Drainage
Opportunities:
Increasing Number of Road Accidents and Rising Demand for Ventricular Drainage Sets
Market Leaders and their expansionary development strategies
In November 2023, A medical device distributor partnered with a telemedicine platform provider to offer remote monitoring and management of EVD patients, improving accessibility and reducing hospital readmission rates.
In October 2023, Codman Neuro, a Johnson & Johnson company, unveiled its Hydrocephalus Management System (HMS), combining an EVD with a reservoir and pump for controlled CSF drainage and pressure regulation.
Key Target Audience
External Ventricular Drain Manufacturers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.