Global External Ventricular Drainage Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global External Ventricular Drainage Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global external ventricular drainage market has been segmented on the basis of application, as well as regions and countries.

Overview:

External Ventricular Drainage (EVD) is a temporary method of draining Cerebrospinal Fluid (CSF) from the ventricles in the brain. The brain and spinal cord are surrounded by CSF, which helps protect them. The areas in the brain that contain this fluid are called ventricles.

Dynamics:

The growing incidence of various neurological disorders such as epilepsy, brain tumors, Bell’s Palsy, Alzheimer’s disease, ataxia, etc., as well as the steady increase in the number of road accidents and sport-related injuries, which are resulting in a higher number of Traumatic Brain Injuries (TBIs). These are some of the primary factors that are expected to continue to fuel the revenue growth of the global external ventricular drainage market in the foreseeable future.

The general increase in global conflict zones in recent years, where respective military personnel could potentially be subject to a severe gunshot exposure or explosive blasts, is a factor that could exacerbate optimum intracranial pressure in a relatively short duration of time, and result in these individuals sustaining several neurological conditions, which could prove fatal and would require surgery. This is another factor that is expected to boost future market growth opportunities for this global industry in the years to come.

Moreover, the increasing demand for minimally invasive surgeries across the world due the numerous benefits that offer such as, high cost-efficiency, quicker recover times, improved safety, etc., when compared to conventional methods of surgery. This is also expected to play a pivotal role in boost the revenue growth of the global external ventricular drainage market in the near future.

In light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global external ventricular drainage market is no different as a number of individuals are expected to withhold from opting for elective surgeries, given the present risks associated with this global climate. This factor may potentially impede on the short-term revenue growth of the global external ventricular drainage market in the foreseeable future.

Nonetheless, the growing awareness levels among individuals across the world concerning neurological disorders and their effective treatments, owing to numerous initiatives being undertaken by government and private organizations, is a factor that is anticipated to have a positive influence on the revenue growth of the global external ventricular drainage market in the years to come.

Segmentation of the global external ventricular drainage market is as follows:

In terms of application, the Traumatic Brain Injury (TBI) segment accounted for the maximum number of revenue shares of the global external ventricular drainage market in 2020, and is expected to continue to do so for the remainder of the forecast period. This can be attributed to the increasing number of road accidents, a booming global geriatric population who tends to be more susceptible to severe injury, domestic or violence of any other type, as well as sport-related injuries, etc.

Regional Segmentation and Analysis:

North America accounted for the highest number of revenue shares of the global external ventricular drainage market in 2020, and is expected index considerable revenue growth in the coming years. This can be attributed to the increasing number of neurological disorders like strokes, etc., being reported in this region, as well as an increase in TBIs. However, the markets in the Middle East & Africa are anticipated to register the highest rate of revenue growth over the next 10 years owing to the increasingly vast patient population, as well as rising healthcare expenditures in these regions.

Segmentation of the Global External Ventricular Drain Market:

Segmentation by Application:

• Traumatic Brain Injury
• Subarachnoid Hemorrhage
• Intracerebral Hemorrhage
• Other Non-Traumatic Hydrocephalus Conditions

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA