GLOBAL EXTERNAL VENTRICULAR DRAIN MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global External Ventricular Drain Market Size and Trends

Global external ventricular drain market was valued US$ 6.89 Bn in 2023 and is expected to reach US$ 10.63 Bn by 2031 exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

Global External Ventricular Drain Market – Trends

• Rising adoption of temporary external ventricular drains: Rising adoption of temporary external ventricular drains is having a significant impact on the global external ventricular drain market. Temporary external ventricular drains are witnessing increasing usage as they provide an effective minimally-invasive solution for conditions that require cerebrospinal fluid drainage and ventricular decompression such as hydrocephalus, intraventricular hemorrhage, and traumatic brain injuries. More hospitals and healthcare facilities are opting for temporary external ventricular drains as they allow for rapid cerebrospinal fluid (CSF) drainage at the site of injury or blockage. With temporary external ventricular drains, patients do not require multiple invasive surgeries for ventricular catheter placement and do not need permanent ventriculoperitoneal (VP) shunt implantation. This has made temporary external ventricular drains a preferred treatment option for conditions requiring short-term CSF diversion. According to the report published by the United Nation's World Health Organization's, "The Lancet Commission on Global Surgery", in 2022, road traffic accidents and falls are among the leading causes of traumatic brain injuries worldwide which often require surgical intervention by using ventricular drainage devices. The report found that every year over 5 million people suffer traumatic brain injuries, with over 1 million patients needing neurosurgical procedures. Increasing incidence of traumatic brain injuries and the preference of healthcare professionals for temporary external ventricular drains over other ventricular diversion methods is fueling the adoption of temporary external ventricular drains globally.