The Global External Ventricular Drain Market was valued at $5.1 Billion in 2020. Growing at a high CAGR of more than 7.3% between 2021 and 2031, it is estimated to reach $11.3 Billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased incidences of neurological disorders and increased road accidents resulting in traumatic brain injuries are the main factors that will help to accelerate the growth of this market during the forecasted period.
Global External Ventricular Drain Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global External Ventricular Drain Market has been segmented into product type, application, and end-use. On the basis of product type Global External, Ventricular Drain Market has been segmented into Ventricular Drainage Set, Accessories. On the basis of application, it has been segmented into Hydrocephalus, Reye Syndrome, Traumatic Brain Injury, Subarachnoid Hemorrhage, Intracerebral Hemorrhage, and Other Non-traumatic Hydrocephalus Conditions. On the basis of end-use, it has been segmented into Hospitals, Specialty Hospitals, Specialty Clinics, Others.
By Region, North America Is Holding the Major Market Share
The Global External Ventricular Drain Market is geographically segmented into North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa. in addition this North America Global External Ventricular Drain Market is holding the largest market share at present and is estimated to witness high compound annual growth rate during the upcoming forecasted period. Increased incidences of traumatic brain injuries and the high prevalence of neurovascular disorders have led this region to dominate the market. Besides this Middle East and Africa are also going to witness remarkable growth during the upcoming forecasted period.
Major Players in Global External Ventricular Drain Market
Some of the major players in the Global External Ventricular Drain Market include Spiegelberg GmbH & Co. KG, Medtronic, Sophysa, Dispomedica GmbH, Integra LifeSciences, Möller Medical GmbH, B. Braun Melsungen AG, Fuji Systems, Zebra Medical, Neuromedex GmbH, Pfizer Inc., Cadila Pharmaceuticals, R.N. Laboratories Pvt. Ltd., Healthy Life Pharma., Geistlich Pharma Inc.
The Global External Ventricular Drain Market Has Been Segmented Into:
Global External Ventricular Drain Market, By Product Type
Global External Ventricular Drain Market, By Application Type
Global External Ventricular Drain Market, By End-Use Type
Global External Ventricular Drain Market, By Region
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