The global External Ventricular Drain Market stood at $3.3 billion in 2022 and is projected to reach $5.92 billion by 2032, exhibiting a robust compound annual growth rate (CAGR) of 6.7% during the forecast period. The primary drivers of this revenue surge include the increasing prevalence of neurological disorders, growing healthcare expenditures, and advancements in EVD technology.
EVDs find extensive application in addressing various neurological conditions, including hydrocephalus, intracranial hemorrhage, and brain tumors. According to data from the World Health Organization (WHO), neurological disorders have a significant global impact, affecting millions of individuals. Epilepsy afflicts approximately 50 million people, while Parkinson's Disease (PD) affects an estimated 10 million people worldwide.
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Some key highlights of the report:
· The global external ventricular drain market has been segmented based on product type into single lumen, double lumen, and triple lumen. Among these segments, the single lumen segment accounted for a significantly robust revenue share in 2022.
· The global external ventricular drain market has been segmented based on application into traumatic brain injury, intracerebral hemorrhage, hydrocephalus, and others. Among these segments, the traumatic brain injury segment accounted for a significantly robust revenue share in 2022.
· North America is expected to dominate the External Ventricular Drain (EVD) market during the forecast period owing to the increasing prevalence of traumatic brain injuries (TBI) and subarachnoid hemorrhages (SAH) in the region.
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Competitive Landscape:
- Integra LifeSciences Corporation
- Medtronic plc
- Sophysa SA
- Spiegelberg GmbH & Co. KG
- Stryker Corporation
- Zeal Innovation Ltd.
- Codman Neuro
- Dispomedica GmbH
- MicroPort Scientific Corporation
- Summit Medical Products Inc.
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