External Ventricular Drain Market Size to grow substantially over 2020-2027
The research analysis report on ‘global External Ventricular Drain market’ delivers a granular analysis by elaborating on the key growth stimulants, inhibiting factors, and other future trends of this business domain. It offers a comparative analysis of the past records as well as the current market trends in order to derive the growth rate as well as the remuneration scale of this industry vertical over the period of 2020-2027.
Global External Ventricular Drain Market is valued approximately at USD 5.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.6% over the forecast period 2020-2027.
For instance, as per the Stroke Statistics 2018, more than 100,000 individuals suffer from strokes in the United Kingdom each year, of which roughly 85% are ischemic strokes and 15% are hemorrhagic, which causes the blocking of blood flow to the brain. This, in turn, is likely to strengthen the demand for external ventricular drain, thereby contributing to the market growth around the world. However, the complex regulatory framework for product approval and complications related to ventricular drainage procedure are the few factors restraining the market growth over the forecast period of 2020-2027.
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External ventricular drain (EVD), also known as ventriculostomy or extra ventricular drainage, is a medical procedure operated in neurosurgical intensive care unit. External ventricular drain is used to eliminate excess cerebrospinal fluid to maintain intracranial pressure through utilizing ventricular drainage set. Ventricular drainage set is applied in several medical conditions, including intracranial hypertension, severe closed head injury, transient occlusive hydrocephalus, intraventricular or subarachnoid hemorrhages, and inflammatory diseases of the cerebrospinal space. It includes drainage bag, catheter, and monitor which can help in treatment of medical conditions, which is expected to be a key factor driving growth of the external ventricular drain market over the forecast period.
Global External Ventricular Drain Market Competitive Landscape Analysis (Revenue, USD billion, 2020-2027)
- Spiegelberg Gmbh & Co. Kg
- Medtronic plc
- Dispomedica Gmbh
- Fuji Systems Corporation
- B. Braun Melsungen Ag
- Integra LifeSciences Holdings Corporation
Moreover, the rise in prevalence of neurological disorders, increasing road accidents leading to a brain injury, and increasing government initiatives and adoption of technologically advanced products are the few factors responsible for the impressive CAGR of the market during the forecast period.
The regional analysis of the global External Ventricular Drain market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising incidences of traumatic brain injuries and other neurovascular disorder, along with the presence of significant number of market vendors in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the increase in cases of brain injuries coupled with improving health-care infrastructure in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the External Ventricular Drain market in the Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
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Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Traumatic Brain Injury
- Subarachnoid Hemorrhage
- Intracerebral Hemorrhage
- Other Non-Traumatic Hydrocephalus Conditions
Global External Ventricular Drain Market Regional Analysis (Revenue, USD billion, 2020-2027)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
Rest of the World
Animal Model Market Size By Animal Type, By Technology, By Applications, By End-use, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
It is estimated that global animal model market size will record commendable growth over the next few years, driven by increasing pharmaceutical research and development worldwide and ongoing technological advancements in the field. Constant prevalence of various chronic disorders have sustained investments in the healthcare sector.
Considering the type of animal, rabbit model market size was valued at more than US$302 million in 2019 and is slated to register a healthy CAGR of more than 7.4% through 2026. Rabbit model is widely preferred in medical research owing to benefits including easy handling and cost-effectiveness.
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