External Ventricular Drain Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034

The Global External Ventricular Drain Market was valued at USD 6.3 billion in 2024 and is anticipated to expand at a robust CAGR of 5.6% from 2025 to 2034. This impressive growth can be attributed to the increasing prevalence of neurological disorders, heightened awareness of treatment options, and greater access to healthcare services worldwide.

The market is primarily driven by external ventricular drain sets and accessories. In 2024, EVD sets dominated the market, generating a substantial USD 5.6 billion in revenue. These sets provide a complete solution for healthcare providers, enhancing procedural efficiency and reducing the risk of assembly errors. With their all-in-one design, EVD sets eliminate the need for sourcing individual components, offering unparalleled convenience, particularly in emergency situations. The rising frequency of neurological emergencies, including traumatic brain injuries and strokes, has significantly boosted the demand for EVD systems in intensive care units (ICUs) and trauma centers. Their user-friendly design and easy accessibility contribute to their widespread adoption in critical care environments.

The external ventricular drain market is also segmented by end-use, including hospitals, ambulatory surgical centers, and other healthcare facilities. In 2024, hospitals emerged as the leading segment, with expectations to generate USD 6.7 billion by 2034. As the primary healthcare setting for treating neurological emergencies, hospitals rely heavily on EVD systems for immediate intervention in cases like traumatic brain injuries, strokes, and intracranial hemorrhages. Equipped with state-of-the-art diagnostic and surgical technologies, hospitals are particularly well-suited to handle complex neurological conditions, further propelling the demand for EVD devices. Advanced intensive care units (ICUs) and surgical facilities play a pivotal role in improving procedural outcomes, ensuring that hospitals continue to be a significant driver of market growth.

The U.S. external ventricular drain market accounted for USD 2.7 billion in 2024 and is projected to grow at a CAGR of 5% through 2034. The U.S. holds a dominant position in the market due to its extensive network of trauma centers and specialized neurology hospitals, combined with high adoption rates of advanced medical technologies. The favorable reimbursement policies and significant investments in research and development further contribute to the market's expansion. The increasing prevalence of neurological conditions such as hydrocephalus and intracranial hemorrhages continues to fuel the demand for EVD systems, solidifying the U.S. as a key player in the global market.