External Ventricular Drain Market Forecast
Regional Forecast:
In North America, the External Ventricular Drain (EVD) market is expected to witness significant growth due to the increasing prevalence of neurological disorders such as hydrocephalus and traumatic brain injuries. The United States holds the largest share in the North American market, followed by Canada. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing investments in research and development activities are some of the factors driving the growth of the EVD market in this region.
Asia Pacific:
Largest Region
North America
36% Market Share in 2023
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The Asia Pacific region, particularly countries like China, Japan, and South Korea, is expected to be a lucrative market for External Ventricular Drain devices. The rising geriatric population, increasing healthcare expenditure, and improving healthcare infrastructure are some of the key factors contributing to the growth of the EVD market in this region. In addition, the increasing awareness about neurological disorders and the availability of advanced EVD devices are also expected to drive market growth in Asia Pacific.
Europe:
Europe, especially countries like the United Kingdom, Germany, and France, is witnessing significant growth in the External Ventricular Drain market. The increasing prevalence of neurological disorders, the presence of well-established healthcare infrastructure, and the growing adoption of advanced medical technologies are driving market growth in this region. Additionally, favorable government initiatives and increasing investments in healthcare research and development activities are expected to further fuel the growth of the EVD market in Europe.
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