External ventricular drain (EVD) refers to a medical device used to relieve elevated intracranial pressure (ICP) by draining cerebrospinal fluid (CSF) from the brain’s ventricles to an external collection system. This helps prevent damage to brain tissues and alleviates symptoms such as headaches, nausea, and altered consciousness. This procedure is often utilized in patients with various disorders that lead to the accumulation of excess CSF within the cranial cavity.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The external ventricular drain market report table of contents includes:
1. Executive Summary
2. External Ventricular Drain Market Characteristics
3. External Ventricular Drain Market Trends And Strategies
4. External Ventricular Drain Market – Macro Economic Scenario
5. Global External Ventricular Drain Market Size and Growth
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32. Global External Ventricular Drain Market Competitive Benchmarking
33. Global External Ventricular Drain Market Competitive Dashboard
34. Key Mergers And Acquisitions In The External Ventricular Drain Market
35. External Ventricular Drain Market Future Outlook and Potential Analysis
36. Appendix
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