The Global External Ventricular Drain Market To Exhibit High Growth Owing To Rising Geriatric Population And Prevalence Of Brain Diseases

 

Global External Ventricular Drain Market 

The global external ventricular drain market comprises devices that are inserted into the brain's ventricles to drain excess cerebrospinal fluid (CSF) in cases where the normal processes of CSF absorption and circulation are disturbed. External ventricular drains are primarily used for various neurological conditions including traumatic brain injury, subarachnoid hemorrhage, brain tumors, and hydrocephalus. The devices are found to be effective in managing intracranial pressure and preventing complications associated with increased intracranial pressure.

The Global External Ventricular Drain Market is estimated to be valued at US$ 6.89 BN in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Global External Ventricular Drain Market Size are Spiegelberg GmbH & Co. KG, Medtronic, Sophysa, Neuromedex GmbH, Integra LifeSciences, Möller Medical GmbH, B. Braun SE and Fuji Systems. The key players are focusing on new product launches and strategic collaborations to expand their market share. For instance, in 2021, Spiegelberg launched its innovative SLIMLine External Ventricular Drainage System.

The global external ventricular drain market is expected to witness high growth owing to the rising geriatric population and increasing prevalence of brain diseases such as hydrocephalus, traumatic brain injury, and subarachnoid hemorrhage. As per WHO estimates, the global geriatric population is expected to reach 2 billion by 2050. The aging population is more prone to neurological disorders requiring external ventricular drain procedures.

Technological advancements in external ventricular drainage devices play a vital role in market growth. Key players are focusing on developing advanced products with improved safety, accuracy, and comfort. For example, catheter materials have evolved from silicone to newer biomaterials offering reduced infection risks and complications. Real-time monitoring capabilities and programmable valves also enhance clinical outcomes.

Market Trends

- Growing adoption of implantable ventricular assist devices: Vendors are focusing on developing implantable ventricular drainage systems for long term management of hydrocephalus. These offer enhanced comfort and reduce catheter-related risks.

- Personalized external ventricular drainage systems: Major players are customizing products based on patient-specific CSF flow dynamics and medical histories using advanced digital image processing and 3D printing technologies.

Market Opportunities

- Emerging markets in Asia Pacific and Latin America: Growing medical infrastructure and reimbursement programs in developing nations will augment the market size in these regions over the forecast period.

- Development of integrated external ventricular drainage and diagnostic systems: Integration of drainage devices with intracranial pressure monitors and ultrasound/CT imaging may allow long term monitoring of brain health parameters. This presents significant opportunities.

COVID-19 Impact on Global External Ventricular Drain Market

The COVID-19 pandemic has impacted the global external ventricular drain market growth significantly. The nationwide lockdowns and restrictions imposed by various governments led to disruptions in manufacturing and supply chain activities. This resulted in delays and shortage of external ventricular drains. Additionally, elective surgeries and non-emergency medical procedures were postponed to focus on COVID-19 infected cases. This reduced the demand for external ventricular drains temporarily. However, hospital admissions for other serious illnesses and neurological disorders continued which created sustained demand. With economies restarting activities and production lines resuming operations, the market is expected to bounce back. Still, supply chain issues and worker shortages remain challenges. Further, the fear of contracting infection has kept patients away from hospitals for non-urgent treatments. Overall, COVID-19 reduced the market size by around 15-20% in 2020. Going forward, the market is anticipated to grow at a higher pace to recover losses.

Fastest Growing Regions for Global External Ventricular Drain Market

Asia Pacific region is anticipated to be the fastest growing region for the global external ventricular drain market during the forecast period. This is attributed to rapidly rising geriatric population, increasing healthcare expenditure, growing incidences of traumatic brain injuries and stroke cases in nations like India, China and Japan. Favorable government policies supporting healthcare infrastructure development also support the market growth. North America currently holds the largest share in terms of value owing to well-established healthcare facilities, advanced technology adoption and presence of key manufacturers. Europe holds the second largest share. However, Asia Pacific region is expected to outpace other regions and emerge as the new growth engine for the external ventricular drain market due to rapidly developing economies and healthcare sectors.

Concentration of Value in Regions for Global External Ventricular Drain Market

In terms of value, North America region accounts for the major share of around 35-40% for the global external ventricular drain market. This is due to high healthcare spending, high-tech infrastructure and presence of advanced tertiary care facilities. The United States holds the leading position within North America owing to high patient volumes and affordability for expensive external ventricular drains. Europe holds the second largest value share of around 30-35% led by developed nations such as Germany, United Kingdom and France. Asia Pacific region contributes over 20% value share with China and Japan dominating. Overall, North America and Europe regions together account for over 65-70% value concentration of the global external ventricular drain market currently.

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