The Global External Ventricular Drain Market offers advantages such as effective drainage of cerebrospinal fluid in cases of hydrocephalus thus reducing intracranial pressure. External ventricular drains are primarily used to drain excess cerebrospinal fluid from ventricles of the brain thereby preventing risk of increased intracranial pressure. They help treat neurological disorders like hydrocephalus, subarachnoid hemorrhage and intraventricular hemorrhage. The rising geriatric population, which is more prone to neurological disorders and increasing cases of road accidents and sports injuries globally are majorly driving the demand for external ventricular drains.

The Global External Ventricular Drain Market is estimated to be valued at US$ 10.63 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 are Spiegelberg GmbH & Co. KG, Medtronic, Sophysa, Neuromedex GmbH, Integra LifeSciences, Möller Medical GmbH, B. Braun SE and Fuji Systems. Key players are focusing on developing advanced products and expanding their geographical presence globally.

The growing prevalence of head injuries, cerebral hemorrhage, and neurological disorders is expected to surge the demand for external ventricular drains over the forecast period. According to the Centers for Disease Control and Prevention, around 2.5 million people in the US visit the emergency room due to traumatic brain injuries annually.

Key players are expanding their presence in developing regions like Asia Pacific, Middle East, and Latin America. For instance, in June 2020, Integra LifeSciences established its new Neurosurgery & Neurosciences center of excellence facility in India to cater to the growing Indian neurosurgery market.

Market Drivers

The rising incidence of head injuries due to increasing road accidents and sports-related injuries globally is a major factor driving the Global External Ventricular Drain Market Demand . According to the World Health Organization, road accidents account for nearly 1.35 million deaths annually worldwide. Further, the growing geriatric population prone to neurological disorders like hydrocephalus is also fueling the market growth. Other factors such as increasing healthcare expenditure, technological advancements in drains, and initiatives by governments and NGOs to spread awareness regarding brain disorders are expected to propel the market during the forecast period.

Geopolitical impact on Global External Ventricular Drain Market

The current geopolitical landscape globally is posing challenges for the growth of the Global External Ventricular Drain Market. Rising geopolitical tensions between major countries is disrupting supply chains and international trade, thereby hampering the availability and easy accessibility of important medical devices and their components. Moreover, higher military spending by many nations due to rising conflicts is diverting more funds away from the healthcare sector. This can potentially reduce investments in advanced neurosurgery treatments such as external ventricular drainage that uses external ventricular drains. Additionally, sanctions imposed by some countries are restricting international cooperation and technology exchange in the medical devices sector. However, companies in this market are striving to diversify their manufacturing and supplier networks globally to mitigate overdependence on specific regions. They are also enhancing digitalization and automation within facilities to improve productivity and offset rising costs. If the prevailing geopolitical uncertainties continue in the long-run, this market may witness slower growth compared to forecasts. Hence, players must strategize on how to minimize external dependencies and risks associated with geopolitical disruptions.

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