External Ventricular Drain Market Research, Insights, Demand, Analysis And Forecast 2024 - 2033

"The new report published by The Business Research Company, titled ""External Ventricular Drain Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the external ventricular drain market size has grown strongly in recent years. It will grow from $4.43 billion in 2023 to $4.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The external ventricular drain market size is expected to see strong growth in the next few years. It will grow to $6.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.

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Rising Incidence Of Traumatic Brain Injuries Fuels Growth Of External Ventricular Drain Market
The increasing incidence of traumatic brain injuries (TBI) is expected to propel the growth of the external ventricular drain market going forward. Traumatic brain injury (TBI) refers to an injury to the brain caused by an external force, which can result in temporary or permanent impairment of cognitive, physical, and psychosocial functions. The increasing incidence of traumatic brain injuries can be attributed to factors including rising participation in contact sports, higher rates of motor vehicle accidents, and an aging population prone to falls. TBIs can generate elevated intracranial pressure (ICP) due to swelling, hemorrhage, or the collection of cerebrospinal fluid (CSF), all of which can result in additional brain damage. The external ventricular drain (EVD) helps to reduce these consequences by draining excess CSF and regularly monitoring ICP. For instance, in May 2024, according to the Florida Department of Health, a US-based government agency, the age-adjusted death rate from traumatic brain injury in Florida increased from 5,406 per 100,000 population in 2021 to 5,654 per 100,000 population in 2022, indicating a rise of approximately 4.59%. Therefore, the increasing incidence of traumatic brain injuries is driving the growth of the external ventricular drain market.

Advancements In External Ventricular Drain Technology With Innovative Fluid Management Solutions
Major companies operating in the external ventricular drain market are focusing on developing innovative solutions, such as advanced fluid management solutions, to advance the treatment of intracranial bleeding. Advanced fluid management solutions refer to technologies that improve upon the basic drainage function by incorporating active irrigation, targeted therapies, real-time monitoring, or other features to enhance treatment effectiveness and potentially improve patient outcomes. For instance, in February 2022, IRRAS Inc., a US-based provider of commercial medical devices for neurocritical care, launched the next-generation IRRAflow system, an advanced external ventricular drain utilizing automated irrigation to prevent blockages and enhance drainage, which is being introduced in the United States. It enhances the user experience with step-by-step tutorials, advanced data tracking, an intuitive interface, and optimized drainage options. It provides advanced fluid management to therapeutically treat critically ill patients with intracranial bleeding by incorporating recurring irrigation that dilutes collected toxic material, making it easier to remove and preventing solid particles from blocking drainage holes, ensuring that fluid is continuously drained throughout the treatment. IRRAflow's mix of automated irrigation and controlled drainage leads to fewer difficulties and more thorough drainage. 

The external ventricular drain market covered in this report is segmented -

1) By Product: External Ventricular Drainage Set, Accessories
2) By Application: Traumatic Brain Injury, Intracranial Haemorrhage, Hydrocephalus, Other Applications
3) By End-User: Hospitals, Specialty Hospitals, Specialty Clinics, Other End-Users

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Major companies operating in the external ventricular drain market are Medtronic Plc, B. Braun SE, Terumo Corporation, Getinge AB, Elekta AB, Integra LifeSciences, ABIOMED, Raumedic AG, Natus Medical Inc., Sophysa, Fuji Systems, Neuromedex GmbH, Ark BioSciences Inc., SILMAG S.A., Spiegelberg GmbH & Co. KG, Möller Medical GmbH, Dispomedica GmbH, IRRAS AB, Luciole Medical AG, Dispomedica GmbH

Contents of the report:
1. Executive Summary
2. External Ventricular Drain Market Report Structure
3. External Ventricular Drain Market Trends And Strategies
4. External Ventricular Drain Market - Macro Economic Scenario
5. External Ventricular Drain Market Size And Growth
…..
27. External Ventricular Drain Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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