Global Intracranial Pressure Monitoring Market to Grow at 5.7% During 2024-2032, Stimulated by Technological Advancements

October 06, 2020 | Healthcare

IMARC Group’s latest report, titled “Intracranial Pressure Monitoring Market Report by Product Type (Monitors, Probes, Catheters and Kits, Other Accessories), Technology (Invasive, Non-invasive), Monitoring Type (Intraventricular, Intraparenchymal, Epidural, and Others), Application (Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, and Others), End-User (Hospitals, Home Care, Trauma Centers, and Others), and Region 2024-2032,” finds that the global intracranial pressure monitoring market reached a value of US$ 1.8 Billion in 2023. Intracranial pressure (ICP) monitoring is a diagnostic test that measures the pressure in the head directly using a small pressure-sensitive probe that is inserted through the skull. ICP is derived from cerebrospinal fluid (CSF) and cerebral blood circulatory dynamics and can be affected in the course of many diseases of the central nervous system. With the advent of newer technologies, more alternatives continue to rise, aiming to measure ICP and cerebral metabolism, as well as control ICP.

Global Intracranial Pressure Monitoring Market Trends:

The increasing cases of neurological damage, brain infection and aneurysms have led to an increased requirement for ICP monitoring devices. As a result, the governments of various countries are undertaking several initiatives and investing in the enhancement of patient-centered care, safety and efficiency. Apart from this, the recent coronavirus disease (COVID-19) outbreak has led to an increasing need for ICP monitoring to offer optimum care to patients under critical conditions. Furthermore, technological advancements and improving healthcare facilities are driving the market. Modern computational algorithms have enabled healthcare professionals to measure ICP waveform and provide mean values of the pressure and extract indicators of the dysfunction of cerebral vasoreactivity. On account of these factors, the market is expected to grow at a CAGR of 5.7% during 2024-2032.

Market Summary:

Based on the product type, the market has been segmented into monitors, probes, catheters and kits, and other accessories.
On the basis of the technology, the market has been bifurcated into invasive [external ventricular drainage (EVD) and microtransducer ICP monitoring] and non-invasive technology (transcranial Doppler ultrasonography, tympanic membrane displacement, optic nerve sheath diameter, MRI/CT and others).
The market has been categorized based on the monitoring type into intraventricular, Intraparenchymal, epidural and others.
On the basis of the application, the market has been classified into traumatic brain injury, intracerebral hemorrhage, meningitis and others.
The market has been segregated based on the end-user into hospitals, home care, trauma centers and others.
Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Russia, Spain and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has also been examined with some of the key players being DePuy Synthes (Johnson & Johnson), HeadSense Medical Ltd., Integra Lifesciences Corporation, LINET Ltd., Medtronic Plc, Natus Medical Incorporated, Raumedic AG (Rehau), Sophysa and Spiegelberg Gmbh (SHS).

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product Type, Technology, Monitoring Type, Application, End-User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	DePuy Synthes (Johnson & Johnson), HeadSense Medical Ltd., Integra Lifesciences Corporation, LINET Ltd., Medtronic plc, Natus Medical Incorporated, Raumedic AG (Rehau), Sophysa, and Spiegelberg Gmbh (SHS)
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Global Intracranial Pressure Monitoring Market to Grow at 5.7% During 2024-2032, Stimulated by Technological Advancements

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