Intracranial Pressure Monitoring Devices Market Was Valued at USD 1,532.8 Million in 2021, Increasing Number of Road Traffic Injuries and Associated Trauma Cases

According to Precision Business Insights (PBI), the latest report the global intracranial pressure monitoring devices market is expected to be worth USD 1,532.8 million in 2021 and projected to grow at an 6.9% CAGR from 2022 to 2028. The increasing occurrence of neurological dysfunctions and traumatic accidents is expected to fuel the market appearance of intracranial pressure monitoring devices. Increased rates of cerebellar disease, aneurysms, and meningitis in the population would result in increased demand for intracranial pressure monitoring devices, which would have a significant impact on the market's development. Moreover, the number of persons suffering from neurological ailments such as stroke, dementia, and Alzheimer's disease is expected to grow due to the world's fast-growing senior population. Due to this, intracranial pressure measurement devices will be in high demand in the near future.

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The Non-Invasive Segment is Dominating the Intracranial Pressure Monitoring Devices Market:
The non-invasive segment is expected to account for a larger revenue share and the market is expected to grow at a double-digit growth rate over the forecast years owing to the intrusive procedures are associated with various consequences, such as infection, bleeding, malfunction, blockage, and catheter mispositioning. Due to the invasive nature, high cost, and various added hazards of existing ICP monitoring methods, alternative non-invasive ways for assessing excessive ICP is being investigated. Invasive therapies are not feasible in a range of scenarios, such as emergencies, due to a scarcity of experienced specialists. Noninvasive therapies such as optic nerve sheath diameter, transcranial doppler ultrasonography, and magnetic resonance imaging/computed tomography (MRI/CT) have been shown to be effective in overcoming these obstacles.

North America Leads Intracranial Pressure Monitoring Devices Market:
North America is expected to hold a significant market share in the global Intracranial Pressure Monitoring Devices market and is projected to grow at a prominent growth rate over the forecast years due to the increasing availability of technologically improved technologies, rising demand for minimally invasive operations, and increased use of noninvasive ICP monitoring treatments are all likely to contribute to market expansion in this area. An increasing number of trauma cases and the rising prevalence of migraine, stroke, and other neurological illnesses are likely to boost the market for intracranial pressure monitoring devices.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Intracranial Pressure Monitoring Devices market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance,In December 2019, Raumedic has introduced a new intracranial pressure monitoring gadget for home usage, the Raumed Home intracranial pressure. Such advancements are anticipated to provide neurosurgeons with new insights into therapy and allow hydrocephalus sufferers to live more active lives.
Detailed Segmentation

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The intracranial pressure monitoring devices market is segmented based on type, basis on energy source, end use and geography

1) By Technique
Invasive
External ventricular drainage (EVD)
Microtransducer ICP monitoring
Noninvasive
Transcranial doppler ultrasonography
Tympanic membrane displacement (TMD)
Optic nerve sheath diameter
MRI/CT
Fundoscopy (papilledema)

2) By Application
Traumatic brain injury
Meningitis
Intracerebral hemorrhage
Others (CNS infection, cerebral edema)

3) By Geography
North America
Europe
Asia Pacific
Latin America
MEA

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Key player's profiles in the Intracranial Pressure Monitoring Devices market report are Medtronic, Integra Lifesciences, Raumedic AG, Sophysa, Spiegelberg GmbH, Natus Medical
Gaelic Devices, Neural Analytics.

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