Intracranial Pressure (ICP) Monitoring Market to Witness Heightened Revenue Growth in the Next Decade

Intracranial Pressure (ICP) Monitoring Market Research Report, You Could Get a Better Analysis of the Intracranial Pressure (ICP) Monitoring Market 2021-2026 Situation On the Basis Of Various Parameters. It Helps You Better Know the Market Trends and The Pricing History of A Product Or Service. Along with That, The Extensive Market Research Helps You to Forecast the Future Period in The Best Manner. With The In-Depth Market Analysis and Research, The Business Could Grow to A Great Extent, Too, In A Competitive Market. Moreover, You Could Easily and Quickly Identify and Understand the Business Potentials Through Extensive And In-Depth Market Research. And Then Use This Research for Better Decision Making for Business Growth.

In a recent study done by Persistence Market Research, the global intracranial pressure (ICP) monitoring market recorded a market value of US$ 210.4 Mn in 2020. The market is further expected to expand at a CAGR of 4.9% over the forecast period of 2021-2031.

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Intracranial pressure monitoring devices are used for the monitoring of increased level of intracranial pressure or the pressure of cerebrospinal fluid. Such devices are widely used in case of certain diseases such as subarachnoid hemorrhage, hydrocephalus, and malignant cerebral infarction (MCI) for providing proper treatment based on the testing.

There has been various technological advancements in recent times such as development of wireless ICP monitoring devices. Furthermore, innovation and approval for home-based ICP monitoring devices for patients suffering from hydrocephalus has been rising.

For instance, the Raumed Home ICP device manufactured by Raumedic in 2019, also adds to the convenience of use of these products from the comfort of homes. The device allows the storing of certain activities on the handheld device, such as eating, sleeping, nausea, etc., with just the touch of a button. This provides better insights for therapy by neurosurgeons, which results in better treatment.
Company Profiles:

Integra Lifesciences Corporation
Medtronic Plc.
Johnson & Johnson (DePuy Synthes)
Sophysa Ltd
Spiegelberg GmbH & Co
Natus Medical Incorporated
RAUMEDIC, Inc
Gaeltec Devices Ltd
IRRAS AB
Nisonic

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Key Takeaways from Market Study

Intracranial pressure monitoring devices used for measuring elevated intracranial pressure in the brain held more than 85% market share in 2020.
Intraventricular route of intervention held approximately 50% of the global market share in 2020.

Traumatic brain injury (TBI) is the most commonly seen indication for which ICP monitoring devices are used. TBI held a market share of around 37% in 2020.

Hospitals are preferred more by patients as they use a variety of techniques to monitor ICP- clinical examination, do brain imaging, and use ICP monitors, with overall easy reimbursement procedures. Hospitals accounted for nearly one-fourth of the global market share in 2020.
In 2020, North America dominated the ICP monitoring devices market, accounting for more than 55% of global market share.
"Increased cases of neurological diseases and advancements in diagnostics will propel demand for ICP monitoring devices over the coming years," says an analyst of Persistence Market Research.

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