Global intracranial pressure monitoring device market is expected to reach USD 1.95 billion by 2025. It is forecast to grow at 6.5% CAGR over the forecast period. Market growth for intracranial pressure (ICP), monitoring devices is expected to be driven by the rising incidence of neurological disorders and traumatic injuries. The market growth will be affected by the increasing demand for ICP monitoring due to the rising incidence of brain infections, aneurysms, and meningitis in the world.
U.S. ICP monitoring device market by technique, 2014 – 2025 (USD million)
Governments in developing countries are constantly investing large sums of money to improve the safety and efficiency of patient-centered care. In the Asia Pacific and Middle East region, we will see an increase in the geriatric population, a rising incidence of head injuries, as well as rapid growth of foreign investments over the forecast period.
External Ventricular Drainage (EVD), which was the most profitable invasive technique in 2015, was the dominant method. This is because it is the gold standard in the measurement of precise ICP. This is driving the expansion of these systems into hospitals and emergency care centres to a large extent.
Noninvasive techniques can be further divided into transcranial Doppler ultrasound, tympanic Membran displacement, Optic Nerve Sheath Diameters (ONSD), MRI/CT and fundoscopy. In 2015, the market share was led by MRI/CT. Despite its simplicity and noninvasive nature, ONSD will grow at a faster CAGR during the forecast period. ONSD is also the best option for emergency situations.
Due to its widespread prevalence over the years, the traumatic brain injury segment held the largest market share in 2015. The Centers for Disease Control and Prevention estimated that traumatic brain injury was responsible for about 2.5 million U.S. emergency department visits, hospitalizations and deaths.
Market for intracranial pressure monitoring devices worldwide, by application, 2015.
The highest growth rate is expected to be in the other segment, which includes CNS infections and brain edema. Continuous measurement of ICP increases allows for early treatment of CNS infections by maintaining adequate cerebral perfusion pressure. Brain edema can also lead to an increase in ICP in the posterior fissa. This requires accurate measurement of ICP to ensure timely and effective treatment. A large portion of the world's population is affected by CNS infections or edema. ICP measurement can help to determine the best and most effective treatment. The forecast period will see the fastest growth in the other segment.
North America was the largest market for ICP monitoring devices in 2015, with the highest revenue share. This was due to the region's high healthcare infrastructure, adoption of ICP monitoring devices and large patient base. ICP monitoring systems are also in high demand due to the increasing incidence of neurological disorders. According to the North American Brain Injury Society (NABIS), approximately 5.3 million Americans live with disabilities related to traumatic brain injuries.
Asia Pacific will experience the fastest growth over the forecast period. The market growth in Asia Pacific will be boosted by the presence of well-established hospitals, critical care centers, and greater government initiatives to address brain disorders. These factors will increase the use of ICP monitoring systems within this region and positively impact the Asia Pacific market's growth.
Medtronic plc, Integra LifeSciences Holdings Corporation, and Codman & Shurtleff, Inc. are some of the key players in this sector. These players are mainly present in international markets and are trying to gain market share by competing due to their easy access to the global market. RAUMEDIC AG, Vittamed, Sophysa Ltd., Orsan Medical Technologies and Spiegelberg GmbH & Co. KG are some of the other market players.
This report provides a forecast of revenue growth at the global, regional, and country levels. It also analyzes the most recent trends and opportunities in each sub-segment from 2014-2025. Up Market Research has divided the global intracranial pressure monitor devices market based on technique, application, region, and purpose.
Invasive
External Ventricular Drainage
Microtransducer ICP Monitoring
Noninvasive
Ultrasonography Transcranial Doppler
Tympanic Membrane Displacement
Optic Nerve Sheath Diameter
MRI/CT
Fundoscopy (papilledema)
Traumatic Brain Injury
Intracerebral Hemorrhage
Meningitis
Subarachnoid Hemorrhage
Other conditions (cerebral swelling, CNS infection, etc.
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
Japan
China
Latin America
Brazil
Mexico
MEA
South Africa
Up Market Research published a new report titled “Intracranial Pressure Monitoring Devices Market research report which is segmented by Application (Meningitis, Intracerebral Hemorrhage, Subarachnoid Hemorrhage, Traumatic Brain Injury), by Technique (Noninvasive, Invasive), By Players/Companies RAUMEDIC AG; Vittamed; Sophysa Ltd; Orsan Medical Technologies; and Spiegelberg GmbH & Co KG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Intracranial Pressure Monitoring Devices Market Research Report |
By Application | Meningitis, Intracerebral Hemorrhage, Subarachnoid Hemorrhage, Traumatic Brain Injury |
By Technique | Noninvasive, Invasive |
By Companies | RAUMEDIC AG; Vittamed; Sophysa Ltd; Orsan Medical Technologies; and Spiegelberg GmbH & Co KG |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 217 |
Number of Tables & Figures | 152 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Meningitis, Intracerebral Hemorrhage, Subarachnoid Hemorrhage, Traumatic Brain Injury), by Technique (Noninvasive, Invasive).
Intracranial Pressure Monitoring Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Intracranial Pressure Monitoring Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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