Intracranial Pressure (ICP) Monitoring Devices Market Growth Rate, Trends, Segmentation, Analysis And Forecast To 2032

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The Business Research Company's Intracranial Pressure (ICP) Monitoring Devices Global Market Report 2023 identifies growing number of traumatic brain injury (TBI) cases as the major driver for the intracranial pressure (ICP) monitoring devices market's growth in the forecast period. Traumatic brain injury (TBI) refers to an injury to the brain caused by an external force or trauma. The growing number of Traumatic brain injury (TBI) cases is mostly driven by increasing motor vehicle accidents, sports injuries, and physical assaults, where Intracranial pressure (ICP) monitoring devices play a crucial role in the management of traumatic brain injury (TBI) cases by providing real-time information about the pressure inside the skull.

The global intracranial pressure (ICP) monitoring devices market size is expected to grow from $1.46 billion in 2022 to $1.57 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of intracranial pressure (ICP) monitoring devices market is expected to reach $2.01 billion in 2027 at a CAGR of 6.4%.

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Major competitors in the intracranial pressure (ICP) monitoring devices market are Medtronic plc, Integra LifeSciences Holding Corporation, Natus Medical Inc., Haiying Medical, Raumedic AG, Sophysa Ltd.

A key trend in the intracranial pressure (ICP) monitoring devices market includes strategic partnership. Major companies operating in the intracranial pressure (ICP) monitoring devices market are looking for partnerships to strengthen their position in the market. For instance, in November 2022, IRRAS, a Sweden-based medical technology company, partnered with Medtronic, a US-based medical device company operating in the intracranial pressure monitoring devices market. This partnership provides Medtronic with an exclusive right to promote the IRRAflow system in some of the territories in the United States. Further, in November 2022, EMOTIV, a US-based company advancing in using electroencephalography (EEG) partnered with X-trodes, an Israel-based biotechnology company providing wireless medical-grade monitoring solutions. This partnership aims to launch a new medical-grade, at-home solution for brain monitoring research.

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The intracranial pressure (ICP) monitoring devices market is segmented -
1) By Technique: Invasive, Non-Invasive

2) By Application: Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage, Cerebrospinal Fluid (CSF) Management, Migraine, Stroke, Hydrocephalus, Electroencephalogram (EEG), Other Applications

3) By End User: Hospitals, Ambulatory Care And Clinics, Other End-users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the intracranial pressure (ICP) monitoring devices market.

The Business Research Company's "Global Intracranial Pressure (ICP) Monitoring Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Intracranial Pressure (ICP) Monitoring Devices Market Include:
1. Executive Summary
2. Intracranial Pressure (ICP) Monitoring Devices Market Characteristics
3. Intracranial Pressure (ICP) Monitoring Devices Market Trends And Strategies
4. Intracranial Pressure (ICP) Monitoring Devices Market - Macro Economic Scenario
….
32. Global Intracranial Pressure (ICP) Monitoring Devices Market Competitive Benchmarking
33. Global Intracranial Pressure (ICP) Monitoring Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Intracranial Pressure (ICP) Monitoring Devices Market
35. Intracranial Pressure (ICP) Monitoring Devices Market Future Outlook and Potential Analysis
36. Appendix

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