The External Ventricular Drain Market was worth US$ 4.8 Billion in 2019 and is expected to grow at a CAGR of 8.0 % through 2030. Rising occurrences of neurological disorders and rising number of road accidents which turns into critical traumatic brain injuries are primary factors driving the market growth.
Additionally, extensive research activities and significant initiatives for product innovations are some of the other factors anticipated to fuel the market growth in coming years. As indicated by the WHO, neurovascular stroke is the second most common reason for death and the third most common reason for disability around the globe and roughly 60 to 80 percent of all strokes are ischemic. This happens because of obstructed veins which restricts the blood flexibly to the brain or when a debilitated vein blasts and seeps into the encompassing brain. Since, the past few years, the occurrence pace of strokes significantly in developing nations has almost doubled. For example, India has a high prevalence pace of ischemic stroke and is one of the main causes of death. As per a study conducted by All India Institute of Medical Sciences (AIIMS) 2016, roughly 1.8 million Indians suffer from cerebrovascular stroke each year. Moreover, around 1.1 million individuals in Europe suffer from ischemic stroke each year. Accordingly, a high rate of cerebrovascular problems may prompt intraventricular bleeding (hemorrhage), which results in demand for utilization of ventricular drain sets to eliminate the abundance cerebrospinal fluid. This is expected to positively influence the market growth.
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