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Ventricular drainage sets
The global ventricular drainage sets market is segmented into North America, Latin America, Asia Pacific, and the Middle East & Africa. The demand for ventricular drainage sets is expected to increase due to a rise in the incidence of strokes, which account for around thirty percent of all injury deaths in the U.S. Each year, more than 140,000 people die of a stroke, most of which are ischemic in nature.
Emerging countries such as India and China are expected to drive the market growth over the next few years. In 2016, these countries reported more than four hundred thousand injuries, and nearly a thousand accidents are reported daily. In 2016, the world suffered more than one million road injuries, and the World Health Organization predicts that road traumas will be the seventh leading cause of death by 2030. The global ventricular drainage sets market is expected to grow at a CAGR of over 10% over the next few years.
The market for ventricular drainage sets is expected to grow at a rapid rate, with countries such as China and India experiencing high rates of road trauma. For example, India reported 494,624 road accidents, or about one accident per day. According to the World Health Organization, road injuries are the leading cause of death worldwide, and are expected to rise to the seventh highest cause of death by 2030. Therefore, a strong demand for ventricular drains will increase over the next few years.
The global market for ventricular drainage sets is largely driven by growth in the U.S., Canada, and Mexico. The rest of Europe, Germany, France, and the Netherlands are also key markets in the Ventricular Drainage Sets market. In Asia-Pacific, Singapore, Australia, the Philippines, and Thailand will be major regions in the next few years. For more detailed analysis of the global market, read the Global Ventricular Drainage Systems Market report. It will provide the latest industry statistics, identify products driving revenue growth, and examine the overall market.
The global ventricular drainage sets market is led by North America. This region is the fastest-growing region for ventricular drainage sets, with an estimated $2.3 billion in revenue in 2017**. The U.S. is a major market for ventricular drainage sets, as the U.S. has the highest prevalence of traumatic brain injury in the world. Despite the high rate of traumatic brain injuries, a higher adoption of medical devices is expected to boost the market for these products.
The global ventricular drainage sets market is projected to grow with the increasing incidence of traumatic brain injury, primarily associated with premature baby birth. The traumatic brain injury is the leading cause of death for patients with the market for ventricular drainage. Furthermore, the high rate of road accidents in these two countries is driving the demand for ventricular drainage sets. It is a major driver of the global medical device industry. Further, growing awareness regarding the dangers of traumatic brain injury in young children is contributing to the success of a large number of doctors.