External Ventricular Drain Global Market Poised for Significant Growth, Projected to Reach $6.07 Billion at a CAGR of 6.5% By 2028 | Terumo Corporation, Getinge AB, Elekta AB, ABIOMED, Raumedic AG

The external ventricular drain global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

External Ventricular Drain Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
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 growth in the historic period can be attributed to advancements in neurosurgery, a rise in incidences of traumatic brain injuries (TBI), the aging population, and regulatory support and standardization.

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%. The growth in the forecast period can be attributed to increasing neurological disorders, demand for minimally invasive procedures, expansion of healthcare infrastructure, and focus on patient outcomes. Major trends in the forecast period include increasing adoption of minimally invasive techniques, integration of advanced monitoring technologies, innovations in medical device designs, development of external ventricular drains with antimicrobial properties, and the expansion of the market in emerging economies.

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Scope Of External Ventricular Drain Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

External Ventricular Drain Market Overview

Market Drivers –
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 growth in the historic period can be attributed to advancements in neurosurgery, a rise in incidences of traumatic brain injuries (TBI), the aging population, and regulatory support and standardization.

Market Trends –
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.

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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Regional Insights –
North America was the largest region in the external ventricular drain market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the external ventricular drain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies –
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

Table of Contents
1. Executive Summary