External Ventricular Drain Market Size To Grow By USD 1.51 Bn | 34% Of The Growth To Originate From North America | Technavio – QNT Press Release

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NEW YORK, March 12, 2022 /PRNewswire/ — The latest External Ventricular Drain Market research report by Technavio infers that the rise in head trauma and cranial injuries is driving this market’s growth.

Resulting in the market growth of USD 1.51 billion from 2021 to 2026, read additional information about the market, get a FREE sample report.

Vendor Landscape

The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.

B. Braun Melsungen AG, Bicakcilar Medical Devices, Dispomedica GmbH, Fuji Systems Co. Ltd., Integra LifeSciences Corp., Johnson and Johnson Inc., Medtronic Plc, Moller Medical GmbH, Sophysa, and Spiegelberg GmbH and Co. KG among others is some of the few key vendors competing to maintain their market position in the market.

Various players in the market are engaging in strategic partnerships and joint ventures coupled with launching differentiated products to up their game in the external ventricular drain industry.

View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

• Segmentation by Application:
• Traumatic brain injury:
• During the projected period, the traumatic brain injury (TBI) category will grow its external ventricular drain market share significantly. The market for ventricular drains is dominated by traumatic brain injury (TBI). TBI assessment and management devices are medical equipment that is used to assess and treat TBI. As a result, it is likely to assist the market’s expansion in the next years.
• Subarachnoid hemorrhage
• Intracerebral hemorrhage
• Other non-traumatic hydrocephalus conditions

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Regional Market Outlook

North America will contribute to 34% of the market growth during the forecast period. US and Canada are the key markets for external ventricular drains in North America. Market growth in this region will be faster than the growth of the market in the Rest of the World (ROW).

Apart from regions, if we look at the country-wise market growth, the US, Canada, GermanyUK, and China will contribute to the highest market growth.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Trends, Driving the External Ventricular Drain Market

• Market Driver:
• The rise in head trauma and cranial injuries:

The most prevalent causes of head trauma and cranial injuries are sports injuries, traffic accidents, and falls. Thousands of people are hospitalized each year and become chronically disabled as a result. Following a head injury, increased intracranial pressure (ICP) has been shown to have a negative effect, with a 20% chance of mortality. In order to track the course of brain damage, continual intracranial pressure monitoring is required. Vehicle injuries are expected to be the ninth biggest cause of mortality worldwide, according to the WHO. During the forecast period, such factors are expected to have a beneficial impact on market growth.

• Market Trend:
• The uncertain time and duration of treatment:

External ventricular drain victims may endure health problems that last a few days or for the remainder of their life, depending on the severity of the injury. A person suffering from minor damage or a concussion, for example, may experience short-term symptoms before feeling better in a few weeks or months. A person who has moderate or severe damage may have long-term or life-long repercussions as a result of the injury. Most individuals with modest injury or a concussion can recuperate safely at home after a medical examination . During the projected period, such issues are expected to have a negative influence on market growth.

Find additional information about various other market drivers & trends mentioned in our FREE sample report.

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