Intra-Cranial Pressure Monitoring Market Overview

Global Intra-cranial Pressure (ICP) Monitor market, although in its embryonic stage, is still witnessing an outstanding growth over the past couple of years. This growth attributes to the ability of these monitors in the field of neurosurgery in processes such as the external ventricular draining, CSF circulation, and CSF functions among others.

Furthermore, traumatic brain injuries and diseases that are impacting the brain health such as intra-cerebral haemorrhage, meningitis, and neurological damages among others are fostering the market growth to an extent. The neurology sector has been witnessing the emergence of many advent devices over the past few years which is increasing the market size with the huge demand for icp monitoring devices, increasing applications of these monitors. Resultantly, the ICP monitor market is escalating on the global platform.

Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) in its recently published study report giving asserts that the global intra-cranial pressure (ICP) monitor market is expected to grow at 6.7% CAGR to reach USD 2.5 billion over the forecast period 2022-2030.

Traumatic brain injury (TBI) caused by accidents, sports injuries, etc, continues to be a worldwide health concern and this can often lead to temporary or permanent alterations in brain functions. Measurement of ICP helps in detection of brain damage and initiation of therapeutic intervention.

GlobalData expects the ICP monitoring market to grow in the forecast period, primarily driven by increase in patient population with traumatic brain injury, hydrocephalus and other neurological disorders. This is an area characterized by the presence of multiple companies. KOLs have indicated that purchasing decisions are usually influenced by surgeon familiarity with the product, clinical outcomes associated with the device and cost of the device.

Global Intra-cranial Pressure Monitor Market – Geographical Analysis

The Asia Pacific region is rapidly emerging as a promising market for ICP monitor Market research report growing rapidly.  Increasing incidents of neurological disorders are fuelling the market growth.  Moreover, factors such as the augmenting demand for quality equipment and proliferating healthcare technology are projected to provide impetus to the market growth, leading to the increasing the uptake of ICP monitors.

The European region is another lucrative market for ICP monitors. Increasing focus on the development of advent monitors alongside rising government support for R&D activities is contributing to the market growth. Also, the increasing numbers of specialty services offered by various healthcare providers foster the growth of the market in Europe.

Globally, North America is dominating the global Intra-cranial pressure monitor market. Furthermore, factors such as extensive demand and uptake of technologically advanced monitoring devices in medical, increasing public & private organizations’ support for R&D activities and high healthcare expenditures substantiate the market growth include.  With the growing prevalence of neurological disorders, the North American ICP monitor market is expected to evaluate phenomenally by 2022.

Global Intra-cranial Pressure Monitor Market – Competitive Analysis

Global intra-cranial pressure monitor market appears to be competitive & fragmented owing to the several small & big players accounting for a substantial intra-cranial pressure monitor market trend. Through strategic initiatives such as partnership, acquisition, collaboration, expansion, product & technology launch, these players try to gain the competitive advantage in the market.

Global Intra-cranial Pressure Monitor Market – Segmentations

MRFR has segmented its analysis into four key dynamics for enhanced understanding.

By Applications     : Traumatic Brain Injury, Intra-Cerebral Haemorrhage, and Meningitis among others.

By Techniques        : Invasive and Non-Invasive among others.

By Methods            : Intra-Ventricular Catheter, Subdural Screw, and Epidural Sensor among others.

By Regions             : Europe, North America, APAC and Rest-of-the-World.

Market Players

Some of the intra-cranial pressure monitor market research players include Compumedics Limited (Australia), Covidien Plc. (Ireland), Natus Medical Incorporated (US), Codman & Shurtleff, Inc. (US), Integra LifeSciences Corporation (US), Raumedic (USA), and Vittamed.

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