External Ventricular Drain Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the External Ventricular Drain market for the forecast period from 2023 to 2033. It encompasses market size, growth trends, segmentation, regional insights, and leading players, offering valuable data for stakeholders and decision-makers.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.50 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $2.95 Billion |
| Top Companies | B. Braun Melsungen AG, Medtronic PLC, Abbott Laboratories, Johnson & Johnson |
| Last Modified Date | 15 November 2024 |
External Ventricular Drain Market Overview
What is the Market Size & CAGR of External Ventricular Drain market in 2023?
External Ventricular Drain Industry Analysis
External Ventricular Drain Market Segmentation and Scope
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External Ventricular Drain Market Analysis Report by Region
Europe External Ventricular Drain Market Report:
The European market is poised to grow from $0.39 billion in 2023 to $0.77 billion by 2033, driven by the strong presence of key manufacturers and a robust healthcare system.Asia Pacific External Ventricular Drain Market Report:
The Asia Pacific region is expected to exhibit significant growth, with a market size increasing from $0.29 billion in 2023 to $0.57 billion by 2033. The growing patient population and improvements in healthcare infrastructure are notable factors for this growth.North America External Ventricular Drain Market Report:
North America is the dominant region in the EVD market, with a size of $0.55 billion in 2023 and projected to reach $1.09 billion by 2033. High healthcare spending, advanced medical technology, and the prevalence of brain injuries attribute to this region's growth.South America External Ventricular Drain Market Report:
In South America, the External Ventricular Drain market is anticipated to grow from $0.08 billion in 2023 to $0.15 billion by 2033. This growth is supported by increasing healthcare expenditures and a rise in neurological ailments.Middle East & Africa External Ventricular Drain Market Report:
The Middle East and Africa will see the market expand from $0.19 billion in 2023 to $0.37 billion by 2033, primarily due to increasing investments in healthcare and rising awareness about advanced treatment options.Request a custom research report for industry.
External Ventricular Drain Market Analysis By Product
Global External Ventricular Drain Market, By Product Market Analysis (2024 - 2033)
The EVD market, by product, is mainly divided into ventricular drainage systems and accessories. Ventricular drainage systems account for approximately 83.57% of the market in 2023, with a size of $1.25 billion anticipated to grow to $2.46 billion by 2033. Accessories make up the remaining segment, indicating their essential role in complete treatment protocols.
External Ventricular Drain Market Analysis By Application
Global External Ventricular Drain Market, By Application Market Analysis (2024 - 2033)
By application, the EVD market includes neurosurgery, trauma, neurological disorders, and others. Neurosurgery is the leading segment, comprising 53.91% share in 2023, expected to grow from $0.81 billion to $1.59 billion by 2033, reflecting the critical demand for these systems in advanced surgical procedures.
External Ventricular Drain Market Analysis By End User
Global External Ventricular Drain Market, By End-User Market Analysis (2024 - 2033)
In terms of end-users, hospitals dominate the market with a share of 60.09% in 2023, growing from $0.90 billion to $1.77 billion by 2033 due to their integral role in patient surgeries and intensive care.
External Ventricular Drain Market Analysis By Region
Global External Ventricular Drain Market, By Region Market Analysis (2024 - 2033)
Regional analysis shows strong variances in market growth, with North America leading overall EVD usage, followed closely by Europe. Emerging markets in Asia-Pacific and Latin America are also expected to reflect substantial growth by enhancing healthcare facilities.
External Ventricular Drain Market Trends and Future Forecast
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Global Market Leaders and Top Companies in External Ventricular Drain Industry
B. Braun Melsungen AG:
A leading global manufacturer of precision medical devices, B. Braun specializes in innovative solutions for managing cranial pressure, thereby enhancing patient safety and treatment outcomes.Medtronic PLC:
Medtronic is recognized for its advanced neurosurgery technologies, including EVD systems that are pivotal in cranial surgery procedures, aiming for technological innovations and superior patient care.Abbott Laboratories:
Abbott develops and delivers innovative healthcare solutions, including devices for effective cerebrospinal fluid management, contributing significantly to the EVD market.Johnson & Johnson:
Known for a wide range of healthcare products, Johnson & Johnson focuses on improving surgical outcomes with its compliant and effective EVD systems.We're grateful to work with incredible clients.
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FAQs
What is the market size of external Ventricular Drain?
The global external ventricular drain market is valued at $1.5 billion in 2023 and is projected to grow at a CAGR of 6.8%, reaching significant market size by 2033. This growth reflects advancements in neurosurgery and increased demand in medical facilities.
What are the key market players or companies in this external Ventricular Drain industry?
Key players in the external ventricular drain market include established medical device companies specializing in neurocritical care products. These companies drive innovation, enhance product offerings, ensuring high quality and safety, thereby dominating a significant portion of the market.
What are the primary factors driving the growth in the external Ventricular Drain industry?
Factors such as an increasing prevalence of neurological disorders, advancements in medical technology, and rising surgical procedures contribute to the growth of the external ventricular drain market, enhancing overall healthcare outcomes.
Which region is the fastest Growing in the external Ventricular Drain?
North America is the fastest-growing region in the external ventricular drain market, expected to increase from $0.55 billion in 2023 to $1.09 billion by 2033. Europe and Asia-Pacific also exhibit substantial growth, reflecting increasing healthcare investments.
Does ConsaInsights provide customized market report data for the external Ventricular Drain industry?
Yes, ConsaInsights specializes in providing customized market report data for the external ventricular drain industry, tailored to specific client needs. This personalized approach enhances strategic decision-making and market positioning for stakeholders.
What deliverables can I expect from this external Ventricular Drain market research project?
The expected deliverables include detailed market analysis reports, forecasts, segmentation data, competitive landscape assessments, and insights into trends and drivers impacting the external ventricular drain market, ensuring informed decision-making.
What are the market trends of external Ventricular Drain?
Current trends in the external ventricular drain market include technological advancements, increased demand for minimally invasive procedures, rising investments in healthcare infrastructure, and growing awareness of neurological health issues among the population.