Intracranial Pressure Monitoring Devices Market to achieve CAGR of 7% from 2023 to 2032, owing to the rising demand for minimally invasive surgeries | insightSLICE
The global Intracranial Pressure Monitoring Devices market size was estimated to be US$ 1.65 billion in 2021 and is expected grow at a CAGR of 7% between 2023 to 2032.
Devices for measuring intracranial pressure in the skull as a result of trauma or accidents are known as intracranial pressure monitoring systems.
Physicians can measure the pressure of the cerebrospinal fluid and determine if it is high or low using intracranial pressure (ICP) monitoring devices. These ICP devices use a small pressure-sensitive probe inserted into the skull that provides the current pressure status.
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Numerous neurological diseases, including intracerebral hemorrhage, subarachnoid hemorrhage, traumatic brain injury (TBI), hydrocephalus, arteriovenous malformations (AVMs), ischemic stroke, encephalitis, meningitis, brain aneurysms, can be diagnosed and treated using this technology.
Over the past few decades, intracranial pressure monitoring has developed from an invasive approach to a non-invasive technology.
The need for minimally invasive therapies has increased along with government measures to upgrade the healthcare system due to the rising prevalence of neurovascular diseases, trauma, and head injuries. Such programs have sped up market expansion for ICP monitoring devices globally.
The key players of the Global Intracranial Pressure Monitoring Devices Market are:
Covidien plc, Compumedics Limited, HeadSense Medical, Integra LifeSciences, Johnson & Johnson Private Limited, Linet, Medtronic, Natus Medical Incorporated, NeuroDx Development, RAUMEDIC AG, Sophysa, Spiegelberg GmbH & Co. KG, Shurtleff, Inc., Terumo Corporation, Third Eye Diagnostics, and Vivonics Inc. are the major companies active in the intracranial pressure (ICP).
Driving factors for the growth of Global Intracranial Pressure Monitoring Devices Market
There is a greater requirement for cutting-edge intracranial pressure (ICP) equipment:
Governments at the national and regional levels invest in strengthening healthcare infrastructure and patient-critical care requirements all over the world. Private parties are making investments in cutting-edge technology to provide at-home intracranial pressure monitoring systems.
ICP monitoring devices’ adoption of cloud computing and artificial intelligence technologies will have a beneficial effect on the market’s expansion in the ensuing years.
A high rate of traumatic brain injury (TBI) will accelerate market expansion:
Global demand for intracranial pressure monitoring devices has soared dramatically as a consequence of the increasing number of patients who suffer traumatic brain injuries as a result of automobile accidents.
Increasing prevalence of neurological diseases is also expected to boost market growth:
The large number of elderly patients who are most at risk for neurological issues presents a huge opportunity for intracranial pressure (ICP) monitoring device manufacturers in nations like China, Japan, and India.
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The COVID-19 infection has aided in the market’s expansion:
There have been a significant number of individuals in life-threatening situations worldwide as a result of the global COVID-19 pandemic. The need for patients to receive high-quality care grows as the number of instances does.
In order to track patients in intensive-care units in hospitals, intracranial pressure (ICP) devices are required. The market for ICP devices to provide efficient and timely monitoring has also increased because of the rise in autoimmune, cardiovascular, and sleep disorder patients.
We provide detailed analysis of factors that are enabling growth in all the above segments. We also have detailed sales and revenue report for various geographic segments.
Global Intracranial Pressure Monitoring Devices Market Key Segments:
We provide detailed analysis of factors that are enabling growth in all the above segments. We also have detailed sales and revenue report for various geographic segments.
By Product:
- Intraventricular Catheters
- Subdural Catheters
- Parenchymal Catheters
- Epidural Sensors
- Sub Arachnoid Screws
By Route of Intervention:
- Intraventricular ICP Monitoring
- Subdural ICP Monitoring
- Epidural ICP Monitoring
- Parenchymal ICP Monitoring
- Subarachnoid ICP Monitoring
By Indication:
- Traumatic Brain Injury
- Intracerebral Haemorrhage
- Subarachnoid haemorrhage
- Hydrocephalus
- Malignant Cerebral Infarction (MCI)
- Cerebral Edema
- CNS infections
- Others
By End-Use:
- Hospitals
- Ambulatory Surgical Centers
- Trauma Centers
- Neurosurgery Centers
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
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Challenges of Global Intracranial Pressure Monitoring Devices Market
The high cost of Intracranial Pressure (ICP) Monitoring devices and the lack of professionals may hinder progress:
The affordability of ICP monitoring equipment is severely hampered by the high cost in developing nations. Currently, patients from lower socioeconomic backgrounds cannot afford these gadgets.
Furthermore, since intracranial pressure (ICP) monitoring is an invasive process that demands surgery, it is a challenging treatment that calls for highly qualified and skilled medical experts. Any small mistakes made when inserting the probe into the brain could potentially result in patient death.
Consequently, even the shortage of medical professionals with the necessary training may impede the development of the ICP monitoring device market.
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