External Ventricular Drain Market By Material (Silicone, Polyurethane), By Application (Neurological Surgery, Traumatic Brain Injury (TBI), Hydrocephalus Treatment), By Distribution Channel (Direct Sales, Retail Pharmacies, Online Pharmacies), By End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Rehabilitation Centers), and By Region; Global Insights & Forecast (2024 – 2030)

Published: December, 2024  
|   Report ID: HC5592  
|   Life Sciences and Healthcare

As per Intent Market Research, the External Ventricular Drain Market was valued at USD 0.9 billion in 2023 and will surpass USD 1.4 billion by 2030; growing at a CAGR of 6.6% during 2024 - 2030.

The External Ventricular Drain (EVD) market has experienced steady growth due to the increasing prevalence of neurological disorders, traumatic brain injuries (TBI), and hydrocephalus, as well as advancements in the materials and technology used in ventricular drainage systems. EVDs are critical in managing conditions where there is an accumulation of cerebrospinal fluid (CSF) in the brain, leading to increased intracranial pressure (ICP). These devices help in draining the excess fluid, thus preventing severe complications like brain damage or death. Hospitals and clinics, with their advanced infrastructure and specialized care, remain the largest end-users of EVDs, utilizing them in various neurological surgeries and trauma-related treatments.

The market is driven by technological advancements in the materials used to manufacture these devices, with silicone and polyurethane being the most common choices. Silicone is favored for its biocompatibility and flexibility, while polyurethane is known for its durability. As medical research into neurological conditions progresses, the demand for external ventricular drains is expected to rise, particularly in hospitals and specialized centers where critical care for brain injuries and disorders is provided. Additionally, distribution channels such as direct sales and online pharmacies have made these life-saving devices more accessible, contributing to the market's growth.

Silicone Material Is Largest Owing to Biocompatibility and Flexibility

The silicone material segment is the largest in the External Ventricular Drain market due to its superior biocompatibility, flexibility, and durability. Silicone-based external ventricular drains are widely used in hospitals for managing conditions like hydrocephalus and traumatic brain injuries because silicone is well-tolerated by the human body and reduces the risk of infections, which is critical in the delicate brain environment. Silicone's ability to bend and conform to the shape of the brain and ventricles allows for a more comfortable and effective drainage process.

The flexibility of silicone allows for easier insertion and positioning within the ventricles, ensuring better drainage of cerebrospinal fluid and minimizing complications during surgery. Silicone’s resistance to wear and its ability to maintain structural integrity over time make it the material of choice for external ventricular drains. As such, the silicone material segment remains dominant in the market, continuing to be the preferred option for both temporary and long-term ventricular drainage solutions.

Traumatic Brain Injury (TBI) Application Is Fastest Growing Owing to Rising Incidence and Awareness

The Traumatic Brain Injury (TBI) application is the fastest growing segment in the External Ventricular Drain market, driven by the rising incidence of TBI cases and increased awareness about the importance of early intervention. TBI is one of the leading causes of death and disability worldwide, often resulting from accidents, falls, or sports injuries. EVDs are used in TBI cases to relieve increased intracranial pressure, a common complication associated with severe brain injuries, thus preventing further damage and enhancing patient recovery prospects.

As the number of TBI cases increases, particularly in regions with high accident rates or aging populations more prone to falls, the demand for external ventricular drains in these scenarios is expected to rise. Advances in the technology surrounding EVDs, such as improved drainage mechanisms and better monitoring of intracranial pressure, are also contributing to the segment's rapid growth. Furthermore, greater public and medical awareness regarding the importance of early detection and treatment of TBI has prompted more proactive use of EVDs in hospitals and trauma centers, further fueling the growth of this segment.

Hospitals and Clinics End-User Segment Is Largest Owing to Specialized Care and Infrastructure

The hospitals and clinics end-user segment is the largest in the External Ventricular Drain market due to the specialized care and infrastructure available in these settings. Hospitals are equipped with the necessary medical technology, trained professionals, and sterile environments required for the proper implementation and management of external ventricular drains. In cases of neurological surgeries, hydrocephalus treatment, or traumatic brain injuries, EVDs are typically used in critical care units, where patients can be closely monitored and managed by a team of healthcare providers.

The need for specialized care in such high-risk scenarios ensures that hospitals remain the largest consumer of EVDs. These devices are essential for patients requiring intensive monitoring of intracranial pressure and management of cerebrospinal fluid drainage. Given the growing number of neurological disorders and brain injuries, hospitals and clinics are expected to continue to dominate the external ventricular drain market, with the demand for such devices increasing in line with the rising patient population and advancements in surgical and post-surgical care.

Direct Sales Distribution Channel Is Largest Owing to Customization and Support

The direct sales distribution channel is the largest in the External Ventricular Drain market, owing to the customized solutions and support it provides. Direct sales allow manufacturers to offer tailored products that meet the specific needs of healthcare providers, particularly in complex medical procedures like those requiring external ventricular drainage. This distribution method ensures that hospitals and clinics receive the exact specifications needed for various patients, particularly in critical care settings where each case may require slightly different parameters for the drainage process.

Direct sales also provide healthcare providers with expert support and training, ensuring that medical staff are well-informed about the proper use and maintenance of these devices. As a result, this channel remains the most efficient and reliable for distributing external ventricular drains to hospitals and clinics. The growing demand for personalized medical solutions and after-sales support ensures that direct sales will continue to dominate the distribution of these life-saving devices.

North America Is Largest Region Owing to Advanced Healthcare Systems and High Prevalence of Brain Injuries

North America is the largest region in the External Ventricular Drain market, driven by advanced healthcare systems, high prevalence of brain injuries, and a growing population of individuals with neurological disorders. The United States, in particular, has one of the highest rates of traumatic brain injuries, largely due to the high incidence of road accidents, sports-related injuries, and the aging population, all of which contribute to the rising demand for external ventricular drainage solutions. Additionally, North America’s well-developed healthcare infrastructure ensures that patients have access to the latest technologies and treatments.

In this region, hospitals are equipped with state-of-the-art facilities to manage critical neurological conditions, including those requiring external ventricular drains. Furthermore, the availability of skilled healthcare professionals and the increasing awareness about early intervention in brain injuries and hydrocephalus treatment contribute to the strong demand for EVDs. As the prevalence of neurological disorders continues to rise, North America is expected to maintain its position as the largest market for external ventricular drains.

Competitive Landscape and Leading Companies

The External Ventricular Drain market is competitive, with several key players driving innovation and market growth. Leading companies in the market include Medtronic, Abbott Laboratories, Integra LifeSciences, and Neurosurgery Innovations, which offer a wide range of external ventricular drainage products designed for different clinical applications. These companies invest in research and development to improve the effectiveness and ease of use of their products, aiming to minimize complications and enhance patient outcomes.

The competitive landscape is also characterized by strategic collaborations and partnerships aimed at expanding product portfolios and market reach. Companies are focusing on enhancing the biocompatibility of external ventricular drains, reducing infection risks, and improving the comfort of long-term use for patients. As the demand for advanced drainage solutions continues to grow, leading players in the market are expected to remain at the forefront, driving innovation and improving care standards in the management of neurological conditions.

Recent Developments:

  • In December 2024, Medtronic launched a new silicone-based external ventricular drain with enhanced infection prevention features.
  • In November 2024, Teleflex Incorporated announced a partnership with hospitals in Europe to expand access to its external ventricular drain solutions.
  • In October 2024, Johnson & Johnson introduced a new external ventricular drain system designed for easier insertion and reduced risk of complications.
  • In September 2024, Fresenius Medical Care unveiled a state-of-the-art external ventricular drainage device with integrated real-time monitoring capabilities.
  • In August 2024, Smith & Nephew received approval for a new range of polyurethane-based external ventricular drains aimed at improving patient outcomes.

List of Leading Companies:

  • Medtronic plc
  • Johnson & Johnson
  • Smith & Nephew
  • Abbott Laboratories
  • Fresenius Medical Care
  • B. Braun Melsungen AG
  • Teleflex Incorporated
  • Integra LifeSciences
  • Cook Medical
  • Argon Medical Devices
  • Edwards Lifesciences Corporation
  • Cardinal Health
  • Olympus Corporation
  • ConMed Corporation
  • C. R. Bard, Inc.

Report Scope:

Report Features

Description

Market Size (2023)

USD 0.9 billion

Forecasted Value (2030)

USD 1.4 billion

CAGR (2024 – 2030)

6.6%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

External Ventricular Drain Market By Material (Silicone, Polyurethane), By Application (Neurological Surgery, Traumatic Brain Injury (TBI), Hydrocephalus Treatment), By Distribution Channel (Direct Sales, Retail Pharmacies, Online Pharmacies), By End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Rehabilitation Centers)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Medtronic plc, Johnson & Johnson, Smith & Nephew, Abbott Laboratories, Fresenius Medical Care, B. Braun Melsungen AG, Teleflex Incorporated, Integra LifeSciences, Cook Medical, Argon Medical Devices, Edwards Lifesciences Corporation, Cardinal Health, Olympus Corporation, ConMed Corporation, C. R. Bard, Inc.

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. External Ventricular Drain Market, by Material (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Silicone

   4.2. Polyurethane

   4.3. Others

5. External Ventricular Drain Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Neurological Surgery

   5.2. Traumatic Brain Injury (TBI)

   5.3. Hydrocephalus Treatment

6. External Ventricular Drain Market, by Distribution Channel (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Direct Sales

   6.2. Retail Pharmacies

   6.3. Online Pharmacies

7. External Ventricular Drain Market, by End-User (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Hospitals and Clinics

   7.2. Ambulatory Surgical Centers

   7.3. Rehabilitation Centers

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America External Ventricular Drain Market, by Material

      8.2.7. North America External Ventricular Drain Market, by Application

      8.2.8. North America External Ventricular Drain Market, by Distribution Channel

      8.2.9. North America External Ventricular Drain Market, by End-User

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US External Ventricular Drain Market, by Material

               8.2.10.1.2. US External Ventricular Drain Market, by Application

               8.2.10.1.3. US External Ventricular Drain Market, by Distribution Channel

               8.2.10.1.4. US External Ventricular Drain Market, by End-User

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Medtronic plc

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. Johnson & Johnson

   10.3. Smith & Nephew

   10.4. Abbott Laboratories

   10.5. Fresenius Medical Care

   10.6. B. Braun Melsungen AG

   10.7. Teleflex Incorporated

   10.8. Integra LifeSciences

   10.9. Cook Medical

   10.10. Argon Medical Devices

   10.11. Edwards Lifesciences Corporation

   10.12. Cardinal Health

   10.13. Olympus Corporation

   10.14. ConMed Corporation

   10.15. C. R. Bard, Inc.

11. Appendix

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A comprehensive market research approach was employed to gather and analyze data on the External Ventricular Drain Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the External Ventricular Drain Market. The research methodoloagy encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach -

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the External Ventricular Drain Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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