Ventricular Drainage Sets Market Balenced To Reach Insignificant CAGR Till 2026

Ventricular Drainage Sets Market Revenue Growth
Predicted by 2018-2026
Ventricular Drainage Sets Market, By Product Type (Ventricular
Drainage Set and Accessories), By Application (Intraventricular
Hemorrhage, Intracranial Hypertension, Hydrocephalus, CSF Infection,
and Others), By End User (Hospitals and Ambulatory Surgical Centers)
and By Region - Size, Share, Outlook and Opportunity Analysis 2018 2026
Coherent Market Insights added Latest Research Report titled " Ventricular Drainage Sets Market,
By Product Type (Ventricular Drainage Set and Accessories), By Application (Intraventricular
Hemorrhage, Intracranial Hypertension, Hydrocephalus, CSF Infection, and Others), By End User
(Hospitals and Ambulatory Surgical Centers) and By Region - Size, Share, Outlook and Opportunity
Analysis 2018 - 2026 " to its Large Report database.
External ventricular drainage (EVD), also known as ventriculostomy or extraventricular drain, is a
medical procedure performed in neurosurgical intensive care unit. Ventriculostomy is performed to
remove excess cerebrospinal fluid to measure and maintain intracranial pressure using ventricular
drainage set. Ventricular drainage set is used in medical conditions such as severe closed head injury,
intracranial hypertension, intraventricular or subarachnoid hemorrhages, transient occlusive
hydrocephalus, and inflammatory diseases of the cerebrospinal space. Ventricular drainage set
comprises catheter, drainage bag, and monitor. Increasing prevalence of medical condition, which
demands use of ventricular drainage sets is expected to be a key factor driving growth of the ventricular
drainage sets market over the forecast period.
Ventricular Drainage Sets Market Dynamics
High incidence of intraventricular hemorrhage associated with premature baby birth is expected to
drive the ventricular drainage sets market growth over the forecast period. According to study
published in Child’s Nervous System, 2016, intraventricular hemorrhage is commonly observed in
15%-20% of babies born before 32 weeks of gestation.
Furthermore, rising incidence of neurological disorders is leading to increasing demand for ventricular
drainage sets, in turn propelling the ventricular drainage sets market growth. According to American
Neurological Association, 2017, annual incidence of traumatic brain injury in the U.S. ranges from 1.4
million to 1.7 million. Moreover, the rate of traumatic injury increases with increasing age due to
weakened neurological response.
Increasing road accidents is also expected to propel growth of the ventricular drainage set market. In
countries such as India and China, road accidents accounts for high rate of traumatic injuries, in turn
leading to increasing demand for ventricular drainage sets. For instance, according to Government of
India, in 2016, injuries, disabilities, and deaths caused by road accidents accounted for around 494,624
injuries, with 1,317 accidents per day.
Moreover, according to Global Burden of Disease report, road injuries is among the top 20 leading
cause of mortality, globally. In addition to this, according to the World Health Organization (WHO),
road injuries are expected to become 7th leading cause of death by 2030, if road traffic crashes are not
controlled.
New product approvals are further contributing towards the ventricular drainage sets market growth.
For instance, in 2017, Arkis BioScience, an innovator and provider of minimally invasive surgical
instrumentation and catheters for surgeries, received FDA clearance for its product, CerebroFlo, a new
external ventricular catheter.
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Ventricular Drainage Sets Market - Taxonomy
Based on product type:
•Ventricular Drainage Set
•Accessories (catheters and external ventricular drainage bag)
Based on application:
•Intraventricular Hemorrhage
•Intracranial Hypertension
•Hydrocephalus
•CSF Infection
•Others
Based on end user:
•Hospitals
•Ambulatory Surgical Centers
Competitive Analysis
Major companies operating in the global ventricular drainage sets market include Integra LifeSciences
Corporation, Medtronic plc, Fuji Systems Corporation, Moller Medical GmbH, Sophysa, Dispomedica,
and Spiegelberg GmbH & Co. KG.
Ventricular Drainage Sets Market - Regional Analysis
The global ventricular drainage sets market is segmented in North America, Latin America, Europe,
Asia Pacific, Middle East, and Africa. North America ventricular drainage sets market is expected to
hold dominant position in the market. This is owing to increasing demand from rising hospitalizations
associated with traumatic brain injury. For instance, according to Morbidity and Mortality Weekly
Report (MMWR) Surveillance Summaries 2017, the rate of traumatic brain injury related emergency
department visits in the U.S. increased by 47% whereas death rates decreased by 5%, over the duration
of six years (2007–2013). The decrease in death rate is expected to be due to increasing adoption of
medical equipment to better serve the patients.
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Coherent Market Insights added Latest Research Report titled " Ventricular Drainage Sets Market, By Product Type (Ventricular Drainage Set and Accessories), By Application (Intraventricular Hemorrhage, Intracranial Hypertension, Hydrocephalus, CSF Infection, and Others), By End User (Hospitals and Ambulatory Surgical Centers) and By Region - Size, Share, Outlook and Opportunity Analysis 2018 - 2026 " to its Large Report database.