Ventricular drainage tubes are inserted surgically into the ventricles in the brain to drain out cerebrospinal fluid (CSF). The tubes are then connected to a device that helps measure the amount of this fluid. This procedure is often used when the ICP is elevated. This drainage may be clamped for short time by nursing only. Ventricular drain tubes are considered to be an alternative method to control elevated ICP.
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Global Ventricular Drainage Tubes Market: Dynamics
Rising incidence of traumatic injuries
Increasing incidence of cranial injuries and trauma, globally, is a key driver of the ventricular drainage tubes market. Road accidents and violence are the most common causes of cranial injuries and head trauma, besides slips, falls, and industrial accidents. These lead to hospitalization and permanent disability for thousands of individuals each year. Elevated intracranial pressure after a head injury is considered to have an unfavorable outcome with a mortality rate of approximately 20%. Continuous monitoring of intracranial pressure is vital to assess the efficacy of the therapeutic measures as well as to map the progression of brain injury.
According to the U.S. Centers for Disease Control and Prevention (2010), an estimated 1.7 million people sustain traumatic brain injury in the U.S. each year. Of these, 52,000 die, 275,000 are hospitalized, and approximately 1.4 million are treated and released from an emergency department/room. Additionally, according to the European Injury Database (IDB), nearly 6.1 million people are treated in hospitals for fractures and sports-related injuries every year. These injuries include facial and traumatic brain injuries. Therefore, ventricular drainage tubes have become a cornerstone of care owing to the rise in the number of traumatic brain injuries across the world.
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Increasing healthcare expenditure across the world boosting market
Technological advancements in deciding the treatment regimen for cerebrovascular diseases have helped extend the life expectancy of people, and simultaneously led to the increased cost of treatment. Governments across the world are increasing their spending to provide better health care services. For instance, an analysis based on preliminary government data by the Centers for Medicare & Medicaid Services reveals that health care spending in the U.S. increased by 5% in 2014, as compared to 3.6% in 2013. The organization also estimated that the average growth rate would be pegged at approximately 6% from 2015 to 2024.
Other developed countries such as France, Germany, and Japan are also increasing their health care spending every year. France’s health care system covers the public-private mix of hospital and ambulatory care with higher volume of service provisions, as compared to the U.S.
Apart from developed countries, health care spending is also rising in developing countries across the world such as India and China, who are focused on providing better health care services to a large population base. The Philippines is also increasing its financial support for public health care expenditure in order to save the burden of out-of-pocket costs for its people.
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Consequently, such initiatives taken by governments pertaining to health care expenditure would increase the application of ventricular drainage tubes in hospitals and trauma centers, thereby boosting the market
Global Ventricular Drainage Tubes Market – Competition Landscape
Major players operating in the global ventricular drainage tubes market include Spiegelberg GmbH & Co. KG, Dispomedica, SOPHYSA, and Medtronic.
Spiegelberg GmbH & Co. KG
Spiegelberg GmbH & Co. KG, formerly known as Spiegelberg KG, engages in the manufacture and marketing of intracranial pressure monitors, probes, catheters, and accessories for neurosurgical use. The company also specializes in the manufacture and supply of external CSF drainage system, IAP monitoring, shunt systems, and surgical instruments. Spiegelberg GmbH & Co. KG offers its products to biotechnology and pharmaceutical industries, hospitals, and trauma care centers worldwide Mexico.
SOPHYSA
SOPHYSA has been operating as a subsidiary of Tokibo Co., Ltd. since 1989. SOPHYSA is a leading company that manufactures and markets neurosurgical valves for the treatment of hydrocephalus.
The company also manufactures a wide range of catheters and accessories, reservoirs, ICP sensors, and external drainage systems that are employed in neurosurgery. Apart from neurosurgery and neurotrauma devices, the company leveraged on technical knowledge, such as polysulfone injection used in the manufacture of valve body, to develop Soph-A-Port. SOPHYSA has a presence in North America and Europe, and sells its products through direct sales representatives.
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Medtronic
Medtronic is a U.S.-based company that engages in the manufacture and marketing of medical devices for diverse chronic conditions. Medtronic operates through three business segments: cardiac and vascular group, restorative therapies group, and diabetes group. The company offers products that are used in therapies for cardiac rhythm disease management (CRDM), spinal and biologics, cardio vascular, neuromodulation, neuromonitoring, diabetes, and surgical technology. The company offers monitoring devices for cranial trauma and hydrocephalus comes under its restorative therapies segment. Primary customers of the company include clinics, distributors, hospitals, third-party healthcare providers, and governments that offer healthcare programs.
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