Intracranial Pressure (ICP) Monitoring Devices Market Size Worth USD 3.17 Billion in 2032 | Emergen Research

The global Intracranial Pressure (ICP) monitoring devices market size was USD 1.56 Billion in 2022 and is expected to register a rapid revenue CAGR of 7.6 % during the forecast period. This growth is primarily driven by the increasing prevalence of Traumatic Brain Injuries (TBIs) and the expanding aging population.

Traumatic Brain Injuries (TBIs) have become a major concern globally, with incidents such as road accidents contributing significantly to the rising numbers. According to the Centers for Disease Control and Prevention (CDC), traumatic brain injuries accounted for 69,473 deaths in 2021. As a result, the demand for accurate monitoring of Intracranial Pressure (ICP) in TBI cases has surged, propelling the market forward.

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Recent developments in the market underscore the emphasis on innovation and collaboration. Viseon Inc.'s launch of the Viseon Max View 4k system, equipped with real-time procedural video recording capabilities, reflects the industry's focus on enhancing surgical outcomes and education. Similarly, strategic collaborations, such as Luciole medical's acquisition of Spiegelberg, are aimed at expanding product offerings and improving patient care in areas such as cerebrospinal fluid drainage and intracranial pressure measurement.

Despite these growth drivers, the market faces challenges, including the high cost of intracranial pressure monitoring devices. However, the effectiveness of these devices in reducing the risk of intraoperative complications emphasizes their value in patient care.

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Intracranial Pressure Monitoring Devices Regional Insights:

Intracranial Pressure Monitoring Devices North America Market

North America accounted for largest market share in the global Intracranial Pressure monitoring devices market in 2022. This is due to rising number of head injuries owing to road accidents and neurological disorders such as Parkinson's Disease (PD) and.

Intracranial Pressure (ICP) Monitoring Devices Asia Pacific Market

Asia Pacific is expected to register fastest market growth rate in the global Intracranial Pressure monitoring devices market over the forecast period due to rising prevalence in neurological disorders and increasing.

Prevalence of neurological disorders owing to road accident fatalities is steadily increasing across countries in the Asia Pacific region. According to Asian Development Bank (ADB), around 645,000 road accident fatalities in Asia and the Pacific every year. IPM devices are highly required in the old age neurological treatments such as dementia, PD, Multiple Sclerosis (MS), and other diseases. According to the U.S. Census Bureau, around 33.7% of Eastern Asia's population is expected to reach at age 65 and older by 2060.

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Intracranial Pressure Monitoring Devices Top Companies and Competitive Landscape
The global Intracranial Pressure monitoring devices market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, evaluating, and introducing ICP monitoring devices solutions.

Some major players included in the Intracranial Pressure monitoring devices market report are:
• Medtronic
• RAUMEDIC AG
• Sophysa
• Orsan Medical Technologies Ltd.
• Integra LifeSciences
• de
• Natus Medical Incorporated
• Gaeltec Devices Ltd.
• Johnson & Johnson Services, Inc.
• Camino Health Center
• Braun SE
• Medical Device Business Services, Inc.
• InfraScan, Inc.
• HEADSENSE MEDICAL INC
• NeuroLogica Corp.
• Gaumard Scientific
• TTI Medical
• AngioDynamics Inc.
• Merit Medical Systems Inc.
• Profound Medical Corp.

Intracranial Pressure Monitoring Devices Latest Industry News
• On 6 November 2023, Cranio Sense announced that it will use Flexible Hybrid Electronics for its Intracranial Pressure and Assessment screening system (IPASS) because as IPASS can eliminate the surgery procedure and can be applied to the forehead for reading.

Intracranial Pressure Monitoring Devices Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global Intracranial Pressure (ICP) monitoring devices market on the basis of technique, application, and region:
• Technique Outlook (Revenue, USD Billion; 2019-2032)
o Invasive
1. External ventricular drainage
2. Micro transducer ICP monitoring
o Non-invasive
1. Transcranial Doppler ultrasonography
2. Tympanic membrane displacement
3. optic nerve sheath diameter
4. Magnetic Resonance Imaging (MRI)/Computed Tomography (CT)

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Traumatic Brain Injury (TBI)
o Intracerebral hemorrhage
o Meningitis
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of Middle East & Africa

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