Intracranial Pressure (ICP) Monitoring Devices Market is Expected to Reach USD 1.62 billion by 2023: Integra LifeSciences Holdings Corporation, Medtronic and Codman & Shurtleff, Inc.

Industry Outlook and Trend Analysis
The global Intracranial Pressure (ICP) Monitors Market was worth USD 0.92 billion in 2014 and is expected to reach approximately USD 1.62 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.48% during the forecast period. The rising pervasiveness of traumatic accidents and neurological disorders is foreseen to boost the market development of ICP monitors. Additionally, raising instances of aneurysm, brain infection and meningitis among the worldwide populace would bring about expanded prerequisite for ICP monitoring, consequently influencing the development of the market positively. In emerging nations, governments are constantly contributing immense measure of assets to enhance persistent focused security, care and proficiency.

Competitive Insights
The leading players in the market are Integra LifeSciences Holdings Corporation, Medtronic and Codman & Shurtleff, Inc. These players are for the most part present in the worldwide space and because of convenient availability to the worldwide market, are presently endeavouring to contend keeping in mind the end goal to increase higher share of the market.

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Technique Outlook and Trend Analysis
External Ventricular Drainage (EVD) ruled the invasive technique with biggest income share in 2015, in light of the fact that the technique is considered as a highest quality level for the estimation of exact ICP, which is boosting the entrance of these systems in emergency care centres and hospitals. Non-invasive techniques are additionally divided into transcranial Doppler ultrasonography, Optic Nerve Sheath Diameter (ONSD), tympanic layer dislodging, MRI/CT, and fundoscopy (papilledema). The MRI/CT section represented the biggest share of the market in 2015.

Application Outlook and Trend Analysis
The traumatic brain injury application portion represented the biggest share of the market in 2015 attributable to its tremendous pervasiveness at a worldwide level throughout the years. As indicated by the Centres for Disease Control and Prevention, traumatic brain injury represented around 2.5 million emergency division visits, hospitalizations, and deaths in the United States. Nonetheless, the others section, which incorporates CNS infection and brain edema, is foreseen to predict the most elevated development rate over the conjecture time frame. Nonstop estimation of raised ICP empowers early treatment of CNS infection, by maintenance sufficient cerebral perfusion pressure.

Regional Outlook and Trend Analysis
North America overwhelmed the ICP monitors market with biggest income share in 2015. The strength of this area was fundamentally credited to the expanded social insurance foundation, high implementation of cutting edge ICP monitors, and the existence of huge patient pool. Asia Pacific is anticipated to witness the speediest development amid the estimate time frame. Because of accessibility of a vast populace experiencing brain disorders, more prominent than any time in recent memory activities are being attempted by the legislatures and existence of different settled hospitals and critical care centres would support the development of the market in Asia Pacific area.

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The Intracranial Pressure (ICP) Monitors Market is segmented as follows-
By Technique:
Non-invasive
Transcranial Doppler Ultrasonography
Tympanic Membrane Displacement (TMD)
Optic Nerve Sheath Diameter
MRI/CT
Fundoscopy (papilledema)
Invasive
External Ventricular Drainage (EVD)
Microtransducer ICP Monitoring

By Application:
Traumatic Brain Injury
Intracerebral Hemorrhage
Meningitis
Subarachnoid Hemorrhage
Others (cerebral edema, CNS infection, etc.)

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