SEATTLE, March 15, 2021, (MEDGADGET) — 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.
Request to download and view Sample Report: https://www.coherentmarketinsights.com/insight/request-sample/1926
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 expected to drive demand for ventricular drainage sets, which, in turn, is expected to propel the ventricular drainage sets market growth. For instance, according to the 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.
Quick Buy – Ventricular Drainage Sets Market Research Report: https://bit.ly/3bMYfm7
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.
However, complications associated with the use of ventricular drainage are expected to be a major restraining factor for the ventricular drainage sets market growth. The two most common complications associated with external ventricular drain are infection and hemorrhage. Moreover, lack of skilled professionals for neurological surgeries add on the risk of infection and hemorrhage.
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.
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.
To understand Research Methodology, please click https://www.coherentmarketinsights.com/ongoing-insight/ventricular-drainage-sets-market-1926
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
- CSF Infection
Based on end-user:
- Ambulatory Surgical Centers
Based on the region:
- North America
- Latin America
- Asia Pacific
- Middle East
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027