Drainage Catheter Market Share

North American Market Forecast

North America industry is set to account for largest revenue share by 2037. The growth of the market can be attributed majorly to the growing prevalence of traumatic brain injuries. Growing motor vehicle accidents in the region are the leading cause of traumatic brain injuries. Intracranial hemorrhage might happen after severe brain injury. In such conditions, a device called an external ventricular drain (EVD) is used to temporarily drain cerebrospinal fluid (CSF) from the brain's ventricles, which are tiny compartments. In addition, the increasing rate of neurovascular disorders in the region is also anticipated to boost market growth during the forecast period. As per estimates, every year, more than 1 million Americans survive severe brain injuries (TBI).

Europe Market Forecast

The European drainage catheter market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the increasing demand for drainage catheters in the region. The rising incidence of urinary incontinence in various European nations is anticipated to contribute to market growth. Pregnant women are more likely to experience urinary incontinence, which is the loss of bladder control. Further, for urinary incontinence, a urinary catheter which is a flexible tube for draining urine is utilized to empty the bladder.

APAC Market Statistics

Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing geriatric population in the region. East Asia and the Pacific are ageing more quickly, as a result of rapid declines in its fertility and mortality rates. Elderly people are more prone to diseases and infections, immune systems deteriorate with ageing. In older patients with urine retention, incontinence, pressure sores, and malignancy, indwelling catheters are used frequently. Further, in order to assure appropriate treatment, elderly patients undergoing treatment in the intensive care unit (ICU) typically require prompt and efficient central vein catheterization, which is anticipated to contribute to the market growth in the region. In addition, the region's expanding healthcare industry and rising chronic illnesses are also anticipated to boost the market growth during the forecast period.