Overview
The Global Intracranial Pressure (ICP) Monitoring Market is expected to exhibit a strong 7.1% CAGR over the forecast period from 2018 to 2024, according to the latest research report from Market Research Future (MRFR). 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.
Competitive Analysis:
Leading players in the global intracranial pressure monitoring market include DePuy Synthes, Terumo Corporation, Spiegelberg GmbH & Co. KG, RAUMEDIC Inc., Boston Neurosciences, Medtronic plc, Integra LifeSciences Corporation, Sophysa SA, and Natus Medical Inc.
- In August 2019, Integra completed the acquisition of Arkis Biosciences, a leading player in the neurosurgery devices market.
Global Intracranial Pressure Monitoring Market Segmentation
The global market for intracranial pressure monitoring has been segmented on the basis of market, method, instrument, end-users, application, and region.
The market has been segmented into invasive and non-invasive based on method. Among these, the invasive ICP monitoring market dominated the global market for ICP. Invasive ICP is performed by inserting a catheter into a skull of a person and is majorly used in trauma centers and hospitals.
The market has been segmented into strain gauge transducer, air-pouch device market, external ventricular drain, and fiber optic monitor, based on market.
The market has been segmented into accessories and devices based on instruments.
The market has been segmented into Traumatic Brain Injury, Meningitis, Intracerebral Hemorrhage, and Subarachnoid Hemorrhage based on application. Among these, the traumatic brain injury has accounted for the largest market share due to its vast prevalence over the years.
The market has also been segmented into hospitals, trauma centers, clinics, and diagnostic laboratories based on end-users.
Regional Analysis:
Americas held a dominant 41.4% share in the global intracranial pressure monitoring 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.
Asia Pacific is also likely to exhibit steady growth in the global intracranial pressure monitoring market over the forecast period, though the region is not likely to overtake North America or Europe as the leading regional markets for intracranial pressure monitoring devices in the coming years. Increasing awareness about the importance of intracranial pressure monitoring in trauma management is likely to be a major driver for the intracranial pressure monitoring market in Asia Pacific over the forecast period.
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Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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