Report ID :10325836 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Global Intracranial Pressure Monitoring Market: By Product Type (ICP Monitors,
Transducers, and Consumables), By Technology (Invasive ICP Monitoring and
Non-invasive ICP Monitoring), By Application (TBI, Meningitis, SAH, ICH,
Others), By End-users (Hospitals and Trauma Centers), and By Region (North
America, Europe, Asia Pacific, Rest of the World) – Forecast up to 2025
This market research report includes a detailed segmentation of the global intracranial
pressure monitoring market by product type (ICP monitors, transducers, and
consumables), by technology (invasive ICP monitoring and non-invasive ICP monitoring),
by application (TBI, meningitis, SAH, ICH, others), by end-users (hospitals and trauma
centers), and by regions (North America, Europe, APAC, and RoW).
Research Overview
Infoholic Research predicts that the global intracranial pressure monitoring market will
grow at a CAGR of 7.2% during the forecast period 2019–2025. Intracranial pressure
(ICP) monitoring is widely used in various neurological, neurosurgical, and even medical
conditions, both intraoperatively and in critical care, to improve patient outcomes. It is
especially useful in patients with traumatic brain injury, as a robust predictor of cerebral
perfusion, and can help to guide therapy and assess long-term prognosis. Newer fiber-
optic catheter tip and microchip transducer techniques have revolutionized ICP
monitoring, with the ease of insertion in patients with narrow ventricles, and reduced
risk of infection and hemorrhage. Furthermore, non-invasive methods of ICP monitoring,
such as transcranial Doppler, optic nerve sheath diameter, etc., have emerged as
promising techniques and thus increasing the market growth. ICP monitoring, which is a
part of multi-modality neuromonitoring, is a useful tool in the armamentarium of the
neuro-intensivist in decreasing morbidity and mortality of critically ill neurological
patients.
The government bodies have launched the Neuroscience Initiative, to understand the
effects of brain disorders on health and to channelize the knowledge into innovative
solutions for patient care. In the brain monitoring device market, wireless devices are
more innovative and are affordable, comfortable to wear, and are easy to operate, and
the market is expected to grow at more than 6.9% CAGR in forecast years. The brain
monitoring device market is propelled by the key factors, such as the growing
prevalence of various neurological disorders, raising awareness to the patients about
available treatments, continuous technological advancements, and R&D investments in
the field of neurology.
In the intracranial pressure monitoring market, the vendors are coming up with
innovative technological advancements and innovative technologies to develop next-
generation products. These advancements in technology help physicians to remotely
monitor patients who have undergone brain surgeries. The presence of such next-
generation product advancements in technology will boost the sales of intracranial
pressure monitoring systems during the forecast period. A wireless ICP monitoring
system with an accurate and longest operating miniature implant is suitable for both
adults and children. It features increased advantages over conventional systems such as
ease of insertion and removal. Advanced remote patient monitoring techniques assist
doctors to examine multiple patients simultaneously.
•Technologicaladvancementsandtheemergenceofnon-invasiveICPmonitorsinthemarkethaveledtothedevelopmentofnext-generationproductsanddealwiththeeasyandsmoothflowofoperations•IncreaseddemandforwirelessmonitorsandsophisticatedhealthcareinfrastructureOpportunities
Risk•ComplicationsandrisksassociatedwiththeICPmonitoringdevicesareamajorthreattothemarket•Lowpenetrationrateinemergingcountriesandintensecompetitionamongvendorswillrestrainthemarketgrowth
Drivers•Increasingincidenceofneurologicaldisorders•GrowingpopularityofMIneurosurgeries•Growingprevalenceoftraumaticbraininjuries
Market dynamics
•Theburdenofneurologicaldisordershasincreasedsubstantiallyoverthepast25yearsbecauseofthegrowingpopulationandaging,despiteconsiderabledecreaseinmortalityratesfromstrokeandcommunicableneurologicaldisorders.•Anewnon-invasivesystemforcontinuousmonitoringofICPthroughforehead-mountedprobeisdeveloped.Thenon-invasivemonitorsreducethesignificantriskofsideeffectsandthecostofmonitoring.CAGR of 7.2%: 2019–2025
CAGR -12.59%
According to the analysis, North America is in the leading position and holds the highest
share of the market, followed by Europe and Asia Pacific. Further, the manufacturers are
developing devices with advanced technologies to expand the intracranial pressure
monitor market. As a result, the ICP monitor market is escalating on the global platform.
In developing countries, governments are continuously investing a considerable amount
of funds in improving patient-centered care, safety, and efficiency. The growing geriatric
population, rising prevalence of head injuries, and rapid growth in foreign investments
are projected to be witnessed over the forecast period in the developing nations of Asia
Pacific and the Middle Eastern region.
Segmentation by Product Type:
ï‚· ICP Monitors
ï‚· Transducers
ï‚· Consumables
ICP monitor is the leading segment in the global intracranial pressure monitoring market
with maximum revenue generation. Intracranial pressure monitor (ICP) is a device used
to measure the swelling inside the head and plays a vital role in managing a variety of
acute and chronic intracranial pathologies. The increased demand for ICP monitors owing
to the new healthcare settings globally contributed to the dominance of this segment. An
increasing number of road accidents and the largest patient pool of the neurological
disorders are significantly increasing the share of ICP monitors.
Segmentation by Technology:
ï‚· Invasive ICP Monitoring
ï‚· Non-invasive ICP Monitoring
Globally, non-invasive procedures have more demand, as they are patient-friendly
procedures. Infections and hemorrhagic complications are majorly associated with
invasive monitoring modalities and have been responsible for driving a lot of advanced
technology search for non-invasive modalities. Overall, the non-invasive ICP monitoring
is a better procedure than invasive ICP monitoring procedures.
Segmentation by Application:
ï‚· TBI
ï‚· Meningitis
ï‚· SAH
ï‚· ICH
ï‚· Others
Traumatic brain injuries are significant public health, medical, and societal challenges
and are the leading cause of disability and socioeconomic losses globally. TBI affects all
the ages but predominately affects the young male population. In this application
segment, TBI holds the major share and is expected to continue the same in the
upcoming years.
Segmentation by End-users:
ï‚· Hospitals
ï‚· Trauma Centers
The end-users are the major consumers defining the stability, economy, and growth of
the market. The intracranial pressure monitoring market is segmented based on the
end-users as hospitals and trauma centers. The hospitals segment holds the major share
of the market and is expected to reach the highest CAGR during the forecast period.
Trauma centers are expected to increase the market share in the upcoming years.
Segmentation by Region:
ï‚· North America
ï‚· Europe
ï‚· APAC
ï‚· RoW
The regions covered in the report include North America, Europe, Asia Pacific, and Rest
of the World. North America is set to be the leading region in the global intracranial
pressure monitoring market due to the presence of the largest product portfolio with the
presence of established vendors, followed by Europe. Asia Pacific is the most focused
and the fastest-growing region due to enormous opportunities for market players to
establish their presence, and RoW is set to be the emerging region.
Competitive Analysis - The global intracranial pressure monitoring market is highly
fragmented and has immense growth opportunities for vendors, especially in the
developing regions. The market experiences the participation of many global, regional,
and local players who are competing fiercely to gain a strong foothold as the top vendor.
The competitive environment in the market will intensify with an increase in
product/service extensions, product innovations, and M&A.
Key Vendors:
ï‚· Codman & Shurtleff
ï‚· Medtronic plc
ï‚· Integra Lifesciences
ï‚· Natus Medical
Key Competitive Facts:
ï‚· The market is highly competitive, with all the players competing to gain the
market share. Intense competition, rapid advancements in technology, frequent
changes in government policies, and price are key factors that confront the
market.
ï‚· Strict government regulations and high cost of products hinder the entry of new
players, and many players have a commendable share in the market.
ï‚· The emergence of non-invasive and increased application of TBI cases is expected
to boost the overall market growth.
ï‚· The government is investing more to create awareness related to
neurodegenerative diseases.
ï‚· Reimbursement policies are helping key players to develop new advancements in
the ICP monitoring system.
ï‚· Responding to competitive pricing pressures specific to each of the geographic
markets.
Benefits - The report provides complete details about the usage and adoption rate of
intracranial pressure monitors. Thus, the key stakeholders can know about the major
trends, drivers, investments, vertical player’s initiatives, and government initiatives
toward the medical devices segment in the upcoming years along with details of the
pureplay companies entering the market. Moreover, the report provides details about the
major challenges that are going to impact the market growth. Additionally, the report
gives complete details about the key business opportunities to stakeholders in order to
expand their business and capture the revenue in specific verticals and to analyze before
investing or expanding the business in this market.
Key Takeaways:
ï‚· Understanding the potential market opportunity with precise market size and
forecast data.
ï‚· Detailed market analysis focusing on the growth of the intracranial pressure
monitoring market globally.
ï‚· Factors influencing the growth of the intracranial pressure monitoring market.
ï‚· In-depth competitive analysis of dominant and pureplay vendors.
ï‚· Prediction analysis of the intracranial pressure monitoring industry across
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