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Intracranial Pressure Monitoring Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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The global intracranial pressure monitoring market is predicted to value over US$ 2 billion by the end of 2026 and recording a CAGR of over 6% during the forecast period, 2019 to 2026. There has been an increase in the number of neurological disord
Intracranial Pressure Monitoring Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
The global intracranial pressure monitoring market is predicted to value over US$ 2 billion by
the end of 2026 and recording a CAGR of over 6% during the forecast period, 2019 to 2026.
There has been an increase in the number of neurological disorder cases which is stimulating
the brain monitoring devices market to flourish. Intracranial Pressure (ICP) monitor is a device
which is placed inside the brain and is used for measuring brain pressure. It senses the
pressure inside the skull and then sends those recorded pressures to the recorder to obtain a
better analysis. ICP test is performed in cases where the patient is suffering from a severe head
injury or in case of a brain or nervous disease. Monitoring intracranial pressure is very crucial
because it can help prevent neurological damage and even death. Therefore, healthcare
systems have made it mandatory to have a continuous intracranial pressure monitoring of
patients. Due to such cases of trauma and neurological disorders and also due to the rising
prevalence of brain disorders, in general, has resulted in the growth of ICP device market.
Additionally, a rise in cases of meningitis, brain infection, aneurysm across the world will also
increase ICP monitoring requirement thus boosting the ICP monitoring device market. All
these factors will lead to a rise in market growth rate during the forecast period.
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Insights on Global Intracranial Pressure Monitoring Market:
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the world
Developed economies like North America and Europe dominate the global ICP monitoring
market. Out of the two, North America is a major shareholder due to superior healthcare
facilities and reimbursement policies. Europe region comes next due to higher adaptability of
monitoring devices by the end user market segment. Asia Pacific market is growing at a faster
rate due to increasing awareness in patient population resulting in the increase of market
penetration and this trend is expected to continue in the forecast period as well. Countries are
assigning a very significant amount of budgets for the healthcare department due to positive
changes in their overall economic condition resulting in robust market growth.
By Technique
• Invasive
o External Ventricular Drainage (EVD)
• Non-invasive
o Tympanic Membrane Displacement
o Optic Nerve Sheath Diameter (ONSD)
o Doppler Ultrasonography
o MRI/CT
o Fundoscopy
The invasive technique of External Ventricular Drainage (EVD) provides accurate ICP
measurements and is considered as a standard method. Therefore, it dominates this market
space due to its huge revenue generation and it is expected to dominate the market during the
forecast period. Non-invasive techniques are further divided into tympanic membrane
displacement, Optic Nerve Sheath Diameter (ONSD), Doppler ultrasonography, MRI/CT and
papilledema (fundoscopy). The MRI/CT sub-segment dominated the non-invasive technique
market segment in 2015. On the other hand, ONSD is expected to show a growth in the market
during the forecast period due to the ease with which it can be used and non-invasiveness. In
fact, ONSD is preferred over other non- invasive techniques for emergency medical situations.
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By Application
• Trauma brain injury
• Brain Aneurysm
• Intracranial tumours
Trauma brain injury dominated this market segment in 2015 due to its global presence over
the years. It is therefore expected to witness some growth in the market during the forecast
period. In recent years due to a stressful lifestyle, people are getting highly addicted to smoking
cigarette and alcohol consumption for relieving stress which puts them under the risk of
causing brain aneurysm and therefore it is expected to get higher traction in the global market
during the forecast period.
By End User
• Hospitals
• Diagnostic Laboratories
• Medical Research Institutes
Hospital segment is expected to dominate the ICP monitoring market during the forecast
period due to superior infrastructural facilities and utilization of advanced technologies as
compared to diagnostic labs and medical institutes. But this trend will be primarily observed in
developed economies due to their high spending capacity.
Competitive Landscape:
• Integra LifeSciences Holdings Corp.
• Codman & Shurtleff, Inc.
• Vittamed
• Orsan Medical Technologies
Integra’s CereLink ICP monitor accurate measurements to neurocritical teams. It also provides
more protection due to the capability of MR conditionality and more durability as well. Its
advanced data presentation that is superior than other ICP monitoring techniques will help
them gain market traction during the forecast period.
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global intracranial pressure monitoring
market by region, by technique, by application, by the end user
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe,
Asia Pacific, Latin America, and rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological
advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core
competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and customised
solutions for our clients. Through in-depth market insights and consultancy, we present our
clients with the tools they need to be at the forefront of their industry – a position secured for
far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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