Regional Analysis
Global External Ventricular Drain Market - Regional Insights
- North America is expected to be the largest market for external ventricular drain during the forecast period, accounting for over 43.7% of the market share in 2023. North America has emerged as the largest regional market for external ventricular drains globally. The region enjoys strong presence of leading med-tech companies which are engaged in manufacturing drainage devices and neurosurgical catheters. Advanced healthcare facilities and high incidence of neurological disorders in the region boost the demand for external ventricular drains. Growing acceptance of minimally invasive neurosurgical procedures and favorable reimbursement policies further support market growth. Manufacturers are able to attract higher prices in North America as compared to other regions owing to high purchasing power and brand loyalty among neurosurgeons.
- Asia Pacific is expected to be the second-largest market for external ventricular drain market, accounting for over 25.2% of the market share in 2023. Asia Pacific market is witnessing rapid expansion and poised to become the fastest growing external ventricular drain regional market in near future. Countries like China, India, and South Korea are witnessing rising healthcare expenditures and neurological disease burden which is driving the demand for neurological devices. At the same time, growing medical tourism industry in these nations has amplified the supplies of the external ventricular drain. Presence of emerging economies with improving access to healthcare and increasing focus of global market players to tap opportunities are some key factors fueling the market growth. Favorable foreign investment policies have encouraged global players to set up manufacturing bases and expand distribution networks in Asia Pacific to cater growing demand.
| Geographies covered: |
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC Countries, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Central Africa
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