Global Intra-cranial pressure (ICP) Monitor Market information, by techniques (invasive and non-invasive), by methods (intra-ventricular catheter, subdural screw, epidural sensor) by application (traumatic brain injury, intra-cerebral hemorrhage, meningitis and others), Forecast till 2027
Market Insights:
The exponentially increasing number of patients suffering from head injury, stroke, and, neurological disorders have fueled the market for intra-cranial pressure (ICP) monitor which facilitates the treatment of problems related to the brain by recording the pressure (swelling) inside different areas of the brain. Market Research Future (MRFR) has recently published a report on global intra-cranial pressure monitor market which discloses that the market will persistently grow at a healthy CAGR till 2022.
One of the crucial factors driving the market growth is the rise in road accidents which lead to severe brain injuries. According to the World Health Organization (WHO), more than 1.25 Million people lose their lives every year in road accidents. The adoption of ICP monitor in developing countries which account for most of the lives lost in these accidents will create the demand in the market over the next couple of years. Other factors responsible for the market expansion are increased cases of sleep disorders, depression, etc.
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Market Segmentation:
By techniques, the intra-cranial pressure monitor market has been segmented into invasive and non-invasive. Invasive segment holds an influential position in the market.
By methods, the market is segmented into intra-ventricular catheter, subdural screw, and, epidural sensor.
By application, the ICP monitor market has been segmented into traumatic brain injury, intra-cerebral hemorrhage, meningitis, and, others. The traumatic brain injury segment accounts for a significant share of the market revenue, and its growth is propelled by factors such as road accidents, industrial mishaps, violence, etc.
Regional Analysis:
By region, intra-cranial pressure monitor segment has been segmented into Americas, Europe, Asia-Pacific, and Middle East & Africa. The technical advancements in the healthcare sector of Americas region have accelerated the adoption of intra-cranial pressure monitor for better treatment of the neurological disorders and brain injuries. The rising rate of patients with brain injury from road & industry accidents, neurological disorders, etc. has amplified the demand for intra-cranial pressure monitor for efficient treatment of the patients. The U.S. is poised to be the primary revenue generator in the market.
Asia Pacific market holds potential for the steepest growth due to the presence of the most populous countries in the region. The population base of patients with neurological disorders, brain injury, etc. is on the rise and is expected to expand further over the next couple of years. Therefore, the market for intra-cranial pressure monitor will also expand with the increase in demand. Furthermore, the initiatives undertaken by the governments to boost medical tourism and develop healthcare sector are also multiplying the profits earned from the market in the region.
The market in Europe will thrive owing to factors such as increasing geriatric population, growing patient pool, etc. The developments introduced in the healthcare sector can also be credited for the expansion of the market in the region. Middle East & Africa region is expected to observe an upward shift due to the developed healthcare sector of Middle East region.
Competitive Dashboard:
Some of the key players profiled by MRFR in its latest report are Covidien plc (Ireland), Natus Medical Incorporated (US), Codman & Shurtleff, Inc. (US), Compumedics Limited (Australia), Integra LifeSciences Corporation (US), and, Raumedic (USA). The market players implement strategies such as mergers & acquisitions, research & development activities, technological advancements, collaborations, etc. to gain a competitive edge over others which further leads to the growth and expansion of the market.
Branchpoint Technologies has been granted with 510(K) clearance for its Aura intracranial pressure (ICP) monitoring system by the U.S. Food and Drug Administration. The monitoring system includes a fully implantable and wireless ICP sensor. The system embraces wireless technology for power and transmission of patient data directly to a bedside monitor. The device eliminates the need for additional capital equipment investments by enabling telemetric monitoring of parenchymal ICP.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
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Global Intra-cranial pressure (ICP) Monitor Market information, by techniques (invasive and non-invasive), by methods (intra-ventricular catheter, subdural screw, epidural sensor) by application (traumatic brain injury, intra-cerebral hemorrhage, meningitis and others), Forecast till 2027Market SynopsisMarket Research Future (MRFR) postulates that the global intracranial pressure (ICP) monitoring market is likely to exhibit 7.1% CAGR during the forecast period (2018-2024) due to the increasing prevalence of neurovascular diseases like brain aneurysm and arteriovenous malformations.
Intracranial pressure monitoring devices are especially designed to measure the pressure within the cranium which is caused by accident and trauma.
Such devices are generally used to treat traumatic brain injury.
The device helps to sense the pressure caused inside the skull and transports the measurements to a recording device.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2042 Market Potential and PitfallsWith 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.
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.
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.Global Intracranial Pressure (ICP) Monitoring Market: Segmental AnalysisThe global intracranial pressure (ICP) monitoring market has been segmented on the basis of technique, route of intervention, application, device, and end-user.By mode of route of intervention, the global intracranial pressure (ICP) monitoring market has been segmented into epidural and intraventricular sensor.By mode of technique, the global intracranial pressure (ICP) monitoring market has been segmented into non-invasive and invasive.By mode of devices, the global intracranial pressure (ICP) monitoring market has been segmented into subarachnoid screw, intraventricular catheter, non-invasive ICP monitors, and epidural sensors.By mode of applications, the global intracranial pressure (ICP) monitoring market has been segmented into intracerebral hemorrhage, traumatic brain injury, meningitis, and subarachnoid hemorrhage.
Global Intra-cranial pressure Monitor Market by techniques (invasive and non-invasive), by methods (intra-ventricular catheter, subdural screw, epidural sensor) by application (traumatic brain injury, intra-cerebral hemorrhage, meningitis and others), Forecast till 2022Market ScenarioGlobal Intra-cranial pressure 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 hemorrhage, meningitis, and neurological damages among others are fostering the market growth to an extent.Avail a Free Sample Insights@ https://www.medgadget.com/2019/07/intracranial-pressure-icp-monitoring-market-size-global-opportunities-sales-revenue-growth-factors-industry-segments-top-leaders-and-regional-forecast-2024.html 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 monitors, 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 monitor market gaining further prominence will register a spectacular growth by 2022, growing at an impressive CAGR during the review period (2016 – 2022).Additional factors substantiating the market growth include increasing government funding and programs primarily in the developing regions to support the R activities undertaken to bring more advancements and inventions in these monitors.
Technological advancements in the field of telehealth, telemetric monitoring, and in smart and connected devices along with penetration of ubiquitous technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) are fostering the market growth of ICP monitors.Furthermore, factors such as the increasing prevalence of neurological diseases and disorders of the nervous system such as Schizophrenia, Parkinson’s disease, and Cerebral Palsy alongside the changing lifestyle led by the growing urbanization and industrialization are fostering the market growth.
To identify the unmet clinical needs, some caregiving facilities are aiming to have high-quality screening (monitoring) available in their facilities.On the flip side, factors such as high costs of ICP monitors along with the low or no awareness among consumers towards the availability and advantages of these monitors are obstructing the market growth.
Nevertheless, new product development alongside services made available in the developing and developed countries by the matured market players are some of the factors expected to support the market growth during the anticipated period, filling up the demand and supply gap.Global Intra-cranial Pressure Monitor Market – Geographical AnalysisGlobally, North America is dominating the global Intra-cranial pressure monitor market.
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If the symptoms are mild, additional oxygen may be needed.
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