U.S. External Ventricular Drain Market
The U.S. External Ventricular Drain market is experiencing significant growth due to the increasing prevalence of neurological disorders and traumatic brain injuries. External Ventricular Drain (EVD) is a medical device used to relieve elevated intracranial pressure by draining cerebrospinal fluid from the brain's ventricles. The market is poised to witness substantial growth in the coming years due to technological advancements in EVD devices, an aging population, and a rising number of neurosurgical procedures.
Largest Region
North America
36% Market Share in 2023
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Growth Drivers:
1. Increasing incidence of neurological disorders: The rising prevalence of conditions such as hydrocephalus, meningitis, and traumatic brain injuries is driving the demand for EVD devices in the U.S.
Report Coverage & Deliverables
Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
3. Aging population: The aging population is more susceptible to neurological disorders, leading to an increased demand for EVD devices.
4. Growth in neurosurgical procedures: The rising number of neurosurgical procedures, such as tumor resections and intracranial bleeds, is driving the need for EVD devices in the U.S.
Industry Restraints:
1. High cost of EVD devices: The high cost of EVD devices may limit market growth, especially in low-income regions.
2. Complications associated with EVD placement: Complications such as infection, hemorrhage, and malfunction remain a challenge in the use of EVD devices, impacting market growth.
3. Stringent regulatory requirements: Stringent regulatory requirements for the approval of EVD devices may hinder market expansion.
Segment Analysis:
The U.S. External Ventricular Drain market can be segmented based on product type, application, and end-user. Product types include traditional EVD systems and bolted EVD systems. Applications of EVD devices include hydrocephalus, meningitis, traumatic brain injury, and others. End-users of EVD devices include hospitals, ambulatory surgical centers, and specialty clinics.
Competitive Landscape:
The U.S. External Ventricular Drain market is highly competitive, with key players such as Medtronic, Integra Lifesciences, Johnson & Johnson, Sophysa, and Spiegelberg GmbH dominating the market. These companies are focusing on strategic partnerships, product launches, and mergers and acquisitions to gain a competitive edge in the market. Additionally, the increasing investment in research and development activities to develop innovative EVD devices is expected to drive market growth and enhance the competitive landscape further.
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