External Ventricular Drain Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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External Ventricular Drain Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : March, 2021 | Medical Devices

Report Digest

External Ventricular Drain Market: Overview

The surging cases of neurological disorders and traumatic brain injuries are the key factors boosting the global external ventricular drain market growth. An EVD is a method of draining out cerebrospinal fluid or CSF out of the ventricles with the help of a thin tube. The other end of this tube is attached to a chamber in a bag out of the head. Although this method is temporary, it is still considered a feasible solution to revive back patients suffering from brain tumor or hemorrhage.  The increasing cases of road crash accidents, coupled with the rising cases of brain injuries will further help this market gain a competitive edge in the forecast period 2020-2029.

External Ventricular Drain Market is categorized on the basis of indication, and end user. In terms of indication, the market is grouped into posterior fossa tumor, cranial injuries, meningitis, subdural hematomas, cranial injuries, ventricular obstruction, IV and subarachnoid hemorrhage. Based on end user, the market is classified into nursing home, neurology hospitals, and others.

This report is based on a comprehensive overview of the market and its key components such as growth drivers, restraints, challenges, and upcoming opportunities. It also emphasizes on the key industry trends, regional in formation, and other interesting insights. The report also lists the names of vendors and the overall competitive landscape. This includes the strategies adopted by various companies such as merger and acquisition, collaboration, product launches, and others.

The report also analyses the COVID-19 pandemic and its aftereffects on the market during the forecast period 2020-2029.

External Ventricular Drain Market: Competitive Aspects

The entry of new players has led to an intense competition in the global external ventricular drain market. The increasing cases of traumatic injuries and neurological disorders have added boost to the market, thereby propelling more companies to indulge themselves in this market. Some of the prominent payers of this market include Johnson & Johnson Services, Integra Life Sciences Corporation, Medtronic, Sophysa, and Spiegelberg.

External Ventricular Drain Market: Key Trends

The rise in the number of brain tumor cases among children is expected to aid in expansion of the market in the coming years. The rise in geriatric population, coupled with the increasing adoption of Artificial Intelligence into healthcare and medical sciences is expected to promote the growth of the market.

External Ventricular Drain Market: Regional Prospects

Middle East and Africa Market to gain Momentum owing to Increasing Cases of Road Accidents and Trauma

The global external ventricular drain market is geographically categorized into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. These regions are further classified on the basis of nations. Among these, North America earned the largest external ventricular drain market share on account of the increasing cases of neurological disorders. This, coupled with the rapid technological advancements in surgical procedures has increased the percentage of success rates, thereby aiding to the regional market growth.

On the other side, the market in Asia Pacific is in close competition with North America. The rapid development of the healthcare and medical industry in countries such as India and China are factors responsible for the growth of this region. Furthermore, the market in the Middle East and Africa is expected to rise remarkably on account of the increasing cases of road accidents, and the growing expenditure on healthcare and medical services. The World Health Organization (WHO) registered a mortality rate of 26.6 deaths per 100,000 people in this region alone.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?