Enjoy complimentary customisation on priority with our Enterprise License!
The ventricular drainage devices market size is forecast to increase by USD 217.5 million, at a CAGR of 7.09% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free Sample
The market continues to evolve, driven by advancements in technology and growing applications across various sectors. Neurological monitoring, shunt revision surgery, and ventricular access ports are integral components of hydrocephalus treatment, which is a primary application of these devices. CSF flow dynamics play a crucial role in ensuring effective drainage, particularly in managing obstructive hydrocephalus. The ongoing unfolding of market activities includes the development of shunt systems with improved shunt series resistance, valve malfunction detection, and pressure monitoring catheters. Post-operative care and catheter patency are essential considerations, with infection control protocols and drainage flow rate optimization playing key roles. Surgical approaches and implantation techniques are continually evolving, with a focus on minimally invasive procedures and gravitational drainage systems.
Ventricular shunt malfunctions, catheter occlusion, and device longevity remain significant challenges, leading to ongoing research and development efforts. CSF diversion procedures, such as ventriculoperitoneal shunts, offer alternative solutions. Complication management, infection prevention, and fluid pressure regulation are ongoing priorities, with advancements in drainage tube material and subcutaneous reservoirs contributing to improved patient outcomes. Drainage system maintenance and ICP monitoring technology further enhance the effectiveness and safety of these devices.
The ventricular drainage devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The ventricular drainage accessories segment is estimated to witness significant growth during the forecast period.
Ventricular drainage devices are integral to managing hydrocephalus, a neurological condition characterized by the abnormal accumulation of cerebrospinal fluid (CSF) in the ventricles of the brain. These devices include ventricular access ports, external ventricular drains, and programmable valve systems. The market is witnessing significant advancements in shunt technology, with a focus on improving shunt series resistance for efficient CSF flow dynamics. Neurological monitoring during shunt revision surgery is crucial for detecting valve malfunctions and catheter occlusions, ensuring effective hydrocephalus treatment. Companies are innovating to address drainage device complications, such as catheter-associated infections and infection control. They are developing infection control protocols, pressure monitoring catheters, and infection prevention strategies, including antimicrobial coatings and subcutaneous reservoirs.
Drainage system maintenance is another area of focus, with companies offering drainage tube materials that ensure catheter patency and longevity. Surgical approaches to implantation techniques continue to evolve, with a shift towards minimally invasive procedures and gravitational drainage systems. CSF drainage systems and diversion procedures are also gaining popularity for their effectiveness in managing obstructive hydrocephalus. Valve malfunction detection and programmable valve settings are essential features in ensuring proper fluid pressure regulation and complication management. Ventriculoatrial shunts and ventriculoperitoneal shunts remain the primary treatment options for hydrocephalus. However, the market is witnessing a trend towards advanced shunt systems that offer improved patient outcomes and reduced complications.
Companies are investing in research and development to address the challenges of shunt infection prevention and device longevity.
The Ventricular drainage accessories segment was valued at USD 291.00 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The North American market for ventricular drainage devices is poised for steady expansion, fueled by several factors. The region's growing elderly population, rising incidence of neurological disorders such as traumatic brain injury and brain tumors, and a substantial presence of major industry players are key driving forces. According to the Centers for Disease Control and Prevention (CDC), approximately 795,000 Americans experience a new or recurrent stroke each year, and about 610,000 are diagnosed with a new stroke. The increasing prevalence of conditions like diabetes, obesity, and high cholesterol is expected to further fuel the rising incidence of neurological disorders.
In response to this trend, there is a growing focus on advanced ventricular drainage devices, including those with improved shunt series resistance, neurological monitoring capabilities, and valve malfunction detection systems. These devices aim to enhance patient care, minimize complications, and optimize fluid pressure regulation during shunt revision surgeries and post-operative care. Additionally, there is a growing emphasis on infection control protocols, catheter patency, and drainage system maintenance to mitigate catheter-associated infections. Surgical approaches, such as implantation techniques and gravitational drainage, continue to evolve, as do CSF drainage systems and CSF diversion procedures. The market's longevity and success hinge on effective complication management, including the prevention and treatment of ventricular shunt malfunctions, ventriculoatrial shunts, and shunt infections.
Programmable valve settings and catheter occlusion detection systems are also gaining traction to improve device performance and patient outcomes.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The ventricular drainage devices market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the ventricular drainage devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, ventricular drainage devices market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Acandis GmbH - This company specializes in manufacturing ventricular drainage devices, designed for implantation to facilitate the removal of excessive cerebrospinal fluid to alternative body locations. These medical devices enhance patient recovery by alleviating intracranial pressure.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Ventricular Drainage Devices Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
138 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.09% |
|
Market growth 2024-2028 |
USD 217.5 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
6.5 |
|
Key countries |
US, Germany, China, Canada, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this ventricular drainage devices market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.