by According to Precedence Research, the external ventricular drain market size is forecasted to reach around US$ 4.15 billion by 2030, growing at a 5.2% CAGR from 2021 to 2030.
The development of external ventricular drains is an illustration of technological modernization and progress in the neurosurgery domain. Numerous neurosurgical methods have been improved with the integration of computer-assisted steering using an amalgamation of patient anatomy and imagery in the external ventricular drains (EVD). This expertise has been united for the placing of external ventricular drains. Injection of EVDs is a vital procedure in neural care units as such drains offer ICP (continuous intracranial pressure) audit and CSF (cerebrospinal fluid) digression. Currently, the placing of external ventricular drains is among the most commonplace procedures, especially in neurological processes executed in the (ICU) intensive care unit.
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Growth Factors:
Factors such as growing incidence of neurological diseases, growing focus on research and development in the field of neuro care, rising number of traumatic brain injuries due to road accidents, fast adoption of latest healthcare technology globally, growing number of cranial injuries, growing demand for less invasive neurosurgical procedures, multiple advantages offered by external ventricular drain procedures, and rising awareness related to neurological disorders in low-income countries are driving the growth of external ventricular drain market. Moreover, increasing per capita healthcare expenditure across the globe is driving the external ventricular drain market growth across the world. Additional features that are expected to fuel this business are integration of latest technologies and growing investment by key manufacturers.
Administrations across the globe are increasing their expenditure to deliver better healthcare facilities. For example, an examination based on primary government statistics by the Centers for Medicaid &Medicare Services discloses that the United States healthcare expenditure grew 4.6% in the year 2018, attaining USD 3.6 trillion (USD 11,172 per individual). As a portion of the country’s GDP (Gross Domestic Product), health expenditure accounted for almost 18%. Further developed nations such as Japan, Germany, and France are too increasing their healthcare expenditure each year. The healthcare system of France includes the private-public mix of ambulatory care and hospital with a higher capacity of service supplies, as compared to the United States. Apart from advanced countries, healthcare expenditure is also increasing in emerging countries throughout the world. Emerging countries are focusing on providing improved healthcare facilities to a large populace. For instance, public health spending in India has been progressively rising over the previous decade so as to cater to its increasing population. In the financial year 2018, the cost of public health outlay by states and UTs (union territories) collectively amounted to about USD 21.14 billion. This was valued to be about 1.28% of the nation’s Gross Domestic Product.
Scope of the External Ventricular Drain Market
| Report Highlights | Details |
| Market Size | USD 3.97 Billion by 2030 |
| Growth Rate | CAGR of 5.2% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Indication, End-User |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
COVID-19 Impact:
The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The external ventricular drain report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.
Report Highlights:
- Among the indication segment, traumatic brain injuries (TBI) dominated the overall market in 2020. The rising number of accidents and sports-related injuries are the foremost factors attributing to its large market share. The meningitis segment is anticipated to grow at the uppermost CAGR through the forecast duration.
- Hospitals accounted for the major share in the end-user segment with more than 46% share in 2020 due to high preference for hospitals to carry out complex neurosurgical procedures. Moreover, hospitals are equipped with the latest equipment required for advanced procedures.
- Medtronic and Integra Life Sciences Corporation accounted for a significant share of the global external ventricular drain market.
Regional Analysis:
The report includes information for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the North America region dominated the worldwide market with a market share of higher than 42%. The U.S. indicated the highest slice in North America principally due to early application of latest healthcare technologies. Moreover, availability of latest infrastructure also supported the high market portion of North America.
Europe was the subsequent significant market chiefly due to presence of skilled researchers. Presence of major companies in the European region is also expected to lift the demand for external ventricular drain in the anticipated time-span. The Asia Pacific region is projected to grow at the highest CAGR of around6.8% in the estimate period due to increasing per capita healthcare expenditure and high number of accident-related brain injuries. Latin America and Middle East and African region will display noticeable growth.
Key Players:
The external ventricular drain market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.
Some of the prominent players in the external ventricular drain market include:
- Medtronic
- Integra LifeSciences Corporation
- Spiegelberg
- Sophysa
- Möller Medical
- Fugi Systems Corporation
Market Segmentation
By Indication
- Traumatic Brain Injury (TBI)
- Subarachnoid Hemorrhage into CSF
- Meningitis
- Posterior Fossa Tumor
- Subdural Hematoma (SDH)
- Hematomas Posterior Fossa
- IV Ventricle Obstruction
- Others
By End-User
- Hospitals
- Pediatric Care Center
- Ambulatory Surgery Centers
- Others
Regional Segmentation
- North America (U.S. and Canada)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. DataSources
2.3. Assumptions& Limitations
Chapter 3. ExecutiveSummary
3.1. Market Snapshot
Chapter 4. Blockchain IoT Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Blockchain IoT Market
5.1. Covid-19: Blockchain IoTIndustry Impact
5.2. Blockchain IoTBusiness Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Blockchain IoTOpportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Blockchain IoT Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Blockchain IoT Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Growing adoption of Internet of Things (IoT)
6.1.1.2. Rising focus on operational efficiency
6.1.2. Market Restraints
6.1.2.1. Uncertain regulatory status
6.1.3. Market Opportunities
6.1.3.1. Growing implementation of blockchain technology in the healthcare sector
6.1.3.2. Integration of latest technologies and growing investment by governments
Chapter 7. Global Blockchain IoT Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Blockchain IoT Market Revenue by Market Players (2016 -2019)
7.1.1.2. Blockchain IoT Market Revenue Market Share by Market Players (2016 -2019)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Blockchain IoT Market, By Component
8.1. Blockchain IoT Market, by Component, 2017-2030
8.1.1. Services
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Hardware
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Software
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Blockchain IoT Market, By Application
9.1. Blockchain IoT Market, by Application, 2017-2030
9.1.1. Data Security
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Asset Management and Tracking
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Smart Contracts
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Data Sharing
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Blockchain IoT Market, By End-Use Industry
10.1. Blockchain IoT Market, by End-Use Industry, 2017-2030
10.1.1. Retail
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Transportation
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Smart City
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Manufacturing
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Construction
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Consumer Electronics
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Healthcare
10.1.7.1. Market Revenue and Forecast (2017-2030)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Blockchain IoT Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue Forecast by Component(2017-2030)
11.1.2. Market Revenue Forecast by Application (2017-2030)
11.1.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Component (2017-2030)
11.2.2. Market Revenue Forecast by Application (2017-2030)
11.2.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Component (2017-2030)
11.3.2. Market Revenue Forecast by Application (2017-2030)
11.3.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Component (2017-2030)
11.4.2. Market Revenue Forecast by Application (2017-2030)
11.4.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Component (2017-2030)
11.5.2. Market Revenue Forecast by Application (2017-2030)
11.5.3. Market Revenue Forecast by End-Use Industry (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)
Chapter 12. Company Profiles
12.1. The Linux Foundation
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Component Details, Specification, Application
12.1.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.1.4. Recent Developments and Strategies
12.2. KrypC
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Component Details, Specification, Application
12.2.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.2.4. Recent Developments and Strategies
12.3. Microsoft
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Component Details, Specification, Application
12.3.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.3.4. Recent Developments and Strategies
12.4. Amazon
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Component Details, Specification, Application
12.4.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.4.4. Recent Developments and Strategies
12.5. Ethereum Foundation
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Component Details, Specification, Application
12.5.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.5.4. Recent Developments and Strategies
12.6. Cisco Systems
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Component Details, Specification, Application
12.6.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.6.4. Recent Developments and Strategies
12.7. IoTEX
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Component Details, Specification, Application
12.7.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.7.4. Recent Developments and Strategies
12.8. IBM
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Component Details, Specification, Application
12.8.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.8.4. Recent Developments and Strategies
12.9. Intel
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Component Details, Specification, Application
12.9.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.9.4. Recent Developments and Strategies
12.10. R3
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Component Details, Specification, Application
12.10.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.10.4. Recent Developments and Strategies
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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