Intracranial Pressure (ICP) Monitoring Market Analysis by Philips Healthcare, GE Healthcare, Siemens Healthcare, Medtronic Inc. till 2024

Intracranial Pressure (ICP) Monitoring Market - Growth Influencer

The major growth drivers of Intracranial Pressure Monitoring Market are increasing global incidence and prevalence of neurological disorders, rising awareness about neurodegenerative diseases, technological advancements in brain monitoring devices and growing incidence of traumatic brain injuries.

The shortage of trained professionals, high cost of complex brain monitoring devices, unfavorable reimbursement policies and concerns regarding the accuracy of diagnostic devices are the major restraints of ICP market.

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Intracranial Pressure (ICP) Monitoring Market - Major Players

Natus Medical Inc. (U.S.)
Nihon Kohden Corporation (Japan)
Philips Healthcare (Netherlands)
GE Healthcare (U.K.)
Siemens Healthcare (Germany)
Compumedics Ltd. (Australia)
Electrical Geodesics Incorporated (U.S.)
Medtronic Inc. (Ireland)
CAS Medical Systems, Inc. (U.S.)
Advanced Brain Monitoring (U.S.)

Intracranial Pressure (ICP) Monitoring Market - Insights

Intracranial Pressure (ICP) Monitoring is used in treating patients suffering from severe brain injury. In this process a sensor device is been used and placed inside the head to measure the pressure inside the skull and send it to a recording device. The Global Intracranial Pressure Monitoring Market is expected to grow during the forecast period from 2018 to 2024 at a CAGR of ~7.11%.

Intracranial Pressure (ICP) Monitoring Market - Segmentation

The Global Intracranial Pressure Monitoring Market is segmented on the basis of methods, devices, application, and end-user. The global intracranial pressure monitoring market on the basis of methods is segmented into invasive and non-invasive methods. The invasive method is further sub-segmented into ventriculostomy and micro-transducers and the non-invasive method is further sub-segmented into transcranial Doppler, tympanic membrane displacement, optic nerve sheath diameter, CT scan/MRI, and fundoscopy and papilledema. Based on device the intracranial pressure monitoring market is further segmented into subarachnoid devices, epidural/subdural devices, pneumatic sensors (Spiegelberg brain pressure monitor), intraparenchymal devices, fiberoptic catheter tip transducers (Camino intracranial pressure monitor), implanted microchip transducers (Codman sensors), Magnetoencephalography (MEG), Electroencephalograph (EEG), cerebral oximeters, and transcranial doppler. On basis of application, the intracranial pressure monitoring market is further segmented into traumatic brain injury, intracerebral hemorrhage, meningitis, and subarachnoid hemorrhage. Based on end-user, the intracranial pressure monitoring market is further segmented into hospitals, clinics, and trauma centers.

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Intracranial Pressure (ICP) Monitoring Market - Application

Intracranial pressure (ICP) monitoring is mainly used in hospitals for patients suffering from brain injury, meningitis and intracerebral hemorrhage. There are multiple ICP products that have been used in hospitals such as Surgical Instruments, IAP-Monitoring, Hydrocephalus, CSF drainage and many more.

The microtransducers and ventriculostomy is included invasive method whereas tympanic membrane displacement, transcranial Doppler, CT scan/ MRI, optic nerve sheath diameter, and fundoscopy is included in noninvasive methods

Intracranial Pressure (ICP) Monitoring Market - Regional Analysis

The regional analysis comprises of North America, Europe, Asia Pacific, Middle East and rest of the world.

North America:

North America dominates the ICP monitoring market due to large number of traumatic brain injury cases. Also, the growing number of Traumatic Brain Injury (TBI) cases and need for continuous ICP monitoring of the patients suffering from TBI are the factors driving the intracranial pressure monitoring devices market in the U.S. Additionally, Increasing Awareness About Neurodegenerative Diseases and Rising Government Initiatives are also propelling the market towards growth.

North America market is broadly classified into product and applications. Based on product the market is segmented into Extra Ventricular Drainage (EVD) and ICP Monitors whereas based on applications market is segmented into Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis and Others.

Asia:

Asian countries are showing highest growth rate in the upcoming years. The growing neurological complications and government initiatives for raising the awareness in people towards the neurological complications and its treatment is driving the ICP Monitoring market. Japan, China, and India are relied upon to be among the highest developing markets for the intracranial pressure devices because of different ventures and research offices.

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Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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This release was published on openPR.