The Future of theExternal Pacemakers Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the External Ventricular Drain Market?
The escalating occurrence of traumatic brain injuries (TBI) is anticipated to drive the advancement of the external ventricular drain market in the future. A TBI is a brain injury inflicted by an external force, leading to temporary or enduring impairment of cognitive, physical, and psychosocial abilities. The escalation in TBIs is tied to factors such as heightened involvement in contact sports, increased rates of car accidents, and an elderly population prone to falls. High intracranial pressure (ICP) is often caused by TBIs due to swelling, bleeding, or accumulation of cerebrospinal fluid (CSF), all potentially leading to further brain damage. The external ventricular drain (EVD) efficiently mitigates these risks by draining excess CSF and continually monitoring ICP. For instance, in May 2024, as per the Florida Department of Health, a US governmental entity, the age-compensated death toll from traumatic brain injury in Florida surged from 5,406 per 100,000 people in 2021 to 5,654 per 100,000 people in 2022, marking an increase of roughly 4.59%. Consequently, the escalating occurrence of traumatic brain injuries is fueling the growth of the external ventricular drain market.
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How Has the External Ventricular Drain Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
In recent years, the market size of the external ventricular drain has expanded considerably. A boost from $4.71 billion in 2024 to $5.02 billion in 2025 is projected, reflecting a compound annual growth rate (CAGR) of 6.7%. The escalation in the past period can be attributed various factors including advancements in the neurosurgery field, elevated instances of traumatic brain injuries (TBI), the increasing aging population, and regulatory backing and standardization.
The market size of the external ventricular drain is projected to experience substantial growth in the coming years, escalating to a value of $6.46 billion in 2029, with a compound annual growth rate (CAGR) of 6.5%. This projected growth during the forecast period is linked to an increase in neurological disorders, a higher demand for minimally invasive operations, enhancement of healthcare facilities, and an emphasis on patient results. Some of the key trends predicted for this period include a growing acceptance of minimally invasive methods, the incorporation of modern monitoring technologies, advancements in the designs of medical devices, production of external ventricular drains with antimicrobial features, and market growth in developing economies.
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What Are the Most Significant Market Trends Transforming theExternal Ventricular Drain Market?
Leading companies in the external ventricular drain market are concentrating on the evolution of revolutionary solutions, such as enhanced fluid management solutions, to improve the treatment of intracranial bleeding. Enhanced fluid management solutions denote technologies that enrich the elementary drainage task by integrating active irrigation, targeted therapies, real-time monitoring, and other features to increase efficacy of treatment and possibly improve patient results. For example, in February 2022, IRRAS Inc., an American firm providing commercial medical equipments for neurocritical care, unveiled their newest version of the IRRAflow system. This is an advanced external ventricular drain employing automated irrigation to avoid obstruction and improve drainage, and is currently being launched in the United States. It enriches the user interaction with comprehensive tutorials, sophisticated data tracking, an easy-to-use interface, and enhanced drainage alternatives. It offers advanced fluid management to medically manage critically sick patients with intracranial bleeding by using consistent irrigation that weakens accumulated toxic matter, making it simpler to remove and stop solid particles from obstructing the drainage openings, guaranteeing that liquid is incessantly drained during the treatment. IRRAflow’s combination of automated irrigation and managed drainage results in fewer issues and a more comprehensive drainage.
What Are the Top Market Players Propelling the Growth of theExternal Ventricular Drain Industry?
Major companies operating in the external ventricular drain market are Medtronic Plc, B. Braun SE, Terumo Corporation, Getinge AB, Elekta AB, Integra LifeSciences, ABIOMED, Raumedic AG, Natus Medical Inc., Sophysa, Fuji Systems, Neuromedex GmbH, Ark BioSciences Inc., SILMAG S.A., Spiegelberg GmbH & Co. KG, Möller Medical GmbH, Dispomedica GmbH, IRRAS AB, Luciole Medical AG, Dispomedica GmbH
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Which Primary Segments of the External Ventricular Drain Market Are Driving Growth and Industry Transformations?
The external ventricular drain market covered in this report is segmented –
1) By Product: External Ventricular Drainage Set, Accessories
2) By Application: Traumatic Brain Injury, Intracranial Hemorrhage, Hydrocephalus, Other Applications
3) By End-User: Hospitals, Specialty Hospitals, Specialty Clinics, Other End-Users
Subsegments:
1) External Ventricular Drainage Set: Standard External Ventricular Drainage Set, Adjustable External Ventricular Drainage Set, Continuous External Ventricular Drainage Set
2) Accessories: Catheters, Pressure Monitoring Devices, Drainage Bags, Connecting Tubes
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the External Ventricular Drain Market?# Market?
North America was the largest region in the external ventricular drain market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the external ventricular drain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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