Intracranial-Pressure Monitoring Market Players, Size, Share, Growth, Opportunities and forecast to 2030
Intracranial-Pressure Monitoring Market
The global intracranial pressure monitoring market is mainly driven by
the growing demand for noninvasive tools in the field of ICP monitoring and the
increasing awareness about the importance of intracranial pressure monitoring
in containing and managing neural and skeletal damage.
The Intracranial Pressure Monitoring Market is anticipated to reach USD 3.96 billion by 2030 at 6.80% CAGR during the forecast period 2023-2030.
Market
Potential and Pitfalls
With the increasing incidences of neurovascular diseases like brain
aneurysm and arteriovenous malformations, the global intracranial pressure
(ICP) monitoring market is predicted to foster during the forecast period. The
increased expenditure on healthcare coupled with the strong demand for
therapeutics is some of the chief factors propelling the market growth across
the globe. The market is slated to exhibit a sturdy growth rate owing to the
introduction of favorable reimbursement policies which aim towards the
betterment of the public. Moreover, the surging biotechnology sector is likely
to cause a shift in the sector and result in the growth of ICP monitoring
market.
With the emergence of advanced ICP monitoring devices, the limitations
of earlier devices like leveling and de-bubbling of fluid-filled systems and
shift in baseline pressure have been eliminated. Advanced monitors enable
surgeons to monitor a patient closely and offer effective treatment. The
non-invasive ICP monitoring methods do not measure absolute ICP. Therefore, the
validation and development of non-invasive intracranial pressure which is
capable of measuring absolute ICP device will create great opportunities for
the growth of the ICP monitor market. The rising prevalence of stroke and
traumatic surgeries has highly influenced the intracranial pressure monitoring
market across the globe. Moreover, the upswing in cases of brain surgeries in
adults as well as children has triggered the demand for ICP monitors.
On the contrary, high procedural costs of such devices coupled with the
dearth of skilled personnel are some of the concerns anticipated to deter the
market growth in the coming years.
Major Key
Players:
Leading players in the global Intracranial-Pressure
Monitoring Market Players are DePuy Synthes, Terumo
Corporation, Spiegelberg GmbH & Co. KG, RAUMEDIC Inc., Boston
Neurosciences, Medtronic plc, Integra LifeSciences Corporation, Sophysa SA, and
Natus Medical Inc.
Segment Analysis
The global intracranial pressure (ICP) monitoring
market can be segmented on the basis of route of intervention, technique,
device, application, end user, and region.
By route of intervention, the global intracranial
pressure monitoring market is segmented into intraventricular and epidural
sensor.
By technique, the market is segmented into invasive
and non-invasive. The former is segmented into microtransducer ICP monitoring
and external ventricular drainage (EVD), while the latter is sub-segmented into
transcranial doppler ultrasonography, tympanic membrane displacement (TMD)
analyzer, optic nerve sheath diameter sonography, fundoscopy (papilladema), and
MRI/CT.
Devices offered in the intracranial pressure
monitoring market include intraventricular catheter, subarachnoid screw,
epidural sensors, and non-invasive ICP monitors.
Key applications include traumatic brain injury,
intracerebral hemorrhage, subarachnoid hemorrhage, and meningitis.
Major end users of ICP monitoring include hospitals
& clinics and trauma centers.
Regional Analysis
Americas held a dominant 41.4%
share in the global intracranial pressure
monitoring device market in 2017 and are likely to
hold on to the lead in the global intracranial pressure monitoring market over
the forecast period due to the increasing demand for effective intracranial
pressure monitoring devices in North America. Widespread awareness about the
importance of intracranial pressure monitoring in North America, particularly
the U.S. and Canada, is likely to remain a major driver for the intracranial
pressure monitoring market in the Americas over the forecast period.
Intracranial pressure monitoring is mainly used in the management of brain
trauma and skeletal hemorrhage. The rising prevalence of both these target
conditions in North America is likely to remain a major driver for the
intracranial pressure monitoring market in the region over the forecast period.
Europe is also likely to hold a
significant share in the global intracranial pressure monitoring market over
the forecast period due to the increasing awareness about the process and the
relevance of the monitoring in medical diagnosis and trauma management.
Intensive efforts at trauma control and management in European countries are
likely to be a major driver for the intracranial pressure monitoring market in
the region over the forecast period. The growing demand for noninvasive intracranial
pressure monitoring tools in Europe and North America is also likely to be a
major driver for the market, as the healthcare sector in these advanced regions
is transitioning towards noninvasive medical tests, leading to a corresponding
increase in the demand for noninvasive tools and technologies from the medical
devices sector. Despite the increasing awareness about the inefficacy of
noninvasive testing in intracranial pressure monitoring, the demand for product
innovations aiming at making noninvasive intracranial pressure monitoring more
accurate and on par with invasive monitoring is likely to remain a major driver
for the intracranial pressure monitoring market in North America and Europe
over the forecast period.
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