Intracranial pressure monitoring devices are medical devices used to monitor pressure inside the skull and brain. These devices play an important role in monitoring, detecting, and managing neurological conditions such as traumatic brain injuries, stroke, hydrocephalus, intracranial hemorrhage, and cerebral edema. The global intracranial pressure monitoring devices market plays a vital role in reducing healthcare costs associated with neurological illnesses by facilitating early clinical interventions and improving overall clinical outcomes.
The global Intracranial Pressure Monitoring Devices Market is estimated to be valued at US$ 1.68 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The opportunity in improving clinical outcomes is estimated to drive the growth of the Intracranial Pressure Monitoring Devices Market. Precise monitoring and diagnosis of intracranial pressure plays a vital role in improving patient outcomes by enabling timely interventions. Intracranial pressure monitoring devices assist clinicians in detecting neurological conditions at an early stage, expediting treatment procedures and reducing complications. They help improve survival rates and limit the severity of neurological disabilities by allowing for comprehensive management of intracranial conditions. With growing neurological disease burden, intracranial pressure monitoring devices are expected to witness higher adoption in improving patient outcomes.
Porter's Analysis
Threat of new entrants: Low as there are high cost regulatory barriers and required R&D investments for new entrants. Bargaining power of buyers: Moderate as few key players dominates the market. Bargaining power of suppliers: Low as raw materials are readily available and there are many suppliers. Threat of new substitutes: Low as no major substitute available. Competitive rivalry: High among existing players to gain more market share through product innovations and expansions.
SWOT Analysis
Strengths: Growing prevalence of neurological disorders, increasing demand for continuous monitoring. Weaknesses: Risk of surgical complications, high costs. Opportunities: Development of advanced non-invasive devices, untapped emerging markets. Threats: Reimbursement issues, strict regulatory approvals.
Key Takeaways
The global Intracranial Pressure Monitoring Devices market is expected to witness high growth during the forecast period of 2023 to 2030. The market size for 2023 is US$ 1.68 Bn and is projected to grow at a CAGR of 7.9% during the forecast years. Regional analysis suggests North America dominates the market currently due to advanced healthcare facilities and high adoption. Asia Pacific is anticipated to be the fastest growing region owing to large patient pool and increasing awareness.
Key players operating in the Intracranial Pressure Monitoring Devices market are Codman & Shurtleff Incorporated, Sophysa, Gaeltec Devices Limited, Integra Lifesciences Co., Raumedic AG, VITTAMED, Orsan Medical Technologies, Haiying Medical, and other. Codman & Shurtleff Incorporated holds a major market share due to its diversified product portfolio. Sophysa and Integra Lifesciences are also prominent players focusing on expansions and new product launches.
The Global Intracranial Pressure Monitoring Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversRising cases of neurological disordersIncreasing incidence of traumatic brain injuriesRestraintsDearth of trained workforceHigh cost of deviceThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on technique and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Intracranial Pressure Monitoring Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/20905-intracranial-pressure-icp-monitoring-devices-market-reportThe report also covers the complete competitive landscape of the global Intracranial Pressure Monitoring Devices market with company profiles of key players such as:Codman & Shurtleff Inc.Integra LifeSciences Holdings CorporationMedtronic plcOrsan Medical TechnologiesRAUMEDIC AGSophysa Ltd.Spiegelberg GmbH & Co. KGVittamedA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Technique:InvasiveExternal Ventricular DrainageMicrotransducer Icp MonitoringNon-InvasiveTranscranial Doppler UltrasonographyTympanic Membrane DisplacementOptic Nerve Sheath DiameterMri/CtFundoscopyBy Applications:Traumatic Brain InjuryIntracerebral HemorrhageMeningitisSubarachnoid HemorrhageOthersBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Intracranial Pressure Monitoring Devices Market @ https://www.decisiondatabases.com/contact/download-sample-20905The Global Intracranial Pressure Monitoring Devices Market has been exhibited in detail in the following chapters -Chapter 1 Intracranial Pressure Monitoring Devices Market PrefaceChapter 2 Executive SummaryChapter 3 Intracranial Pressure Monitoring Devices Industry AnalysisChapter 4 Intracranial Pressure Monitoring Devices Market Value Chain AnalysisChapter 5 Intracranial Pressure Monitoring Devices Market Analysis By TechniqueChapter 6 Intracranial Pressure Monitoring Devices Market Analysis By ApplicationsChapter 7 Intracranial Pressure Monitoring Devices Market Analysis By GeographyChapter 8 Competitive Landscape Of Intracranial Pressure Monitoring Devices CompaniesChapter 9 Company Profiles Of Intracranial Pressure Monitoring Devices IndustryPurchase the complete Global Intracranial Pressure Monitoring Devices Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-20905Other Reports by DecisionDatabases.com:Global Anesthesia Monitoring Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Cardiac Arrhythmia Monitoring Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends And ForecastAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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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.
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