Rising Prevalence of Traumatic Brain Injuries Fuels Growth in Intracranial Pressure Monitoring Devices Market

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. The Intracranial Pressure (ICP) Monitoring Devices market is witnessing significant growth, driven primarily by the increasing incidence of traumatic brain injuries (TBIs). A crucial tool for assessing the severity of TBIs, ICP monitoring devices are essential in accurately monitoring intracranial pressure in affected patients. According to the Centers for Disease Control and Prevention (CDC), traumatic brain injuries accounted for 69,473 deaths in the United States in 2021 alone.

The risk of TBIs is notably heightened by road accidents, leading to serious complications like skull fractures and intracranial hemorrhages (ICH). The World Health Organization (WHO) reports that approximately 1.19 million people die annually due to road traffic accidents, making such injuries the leading cause of death for children and young adults aged 5-29 years.

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Market Drivers

One of the key factors contributing to the revenue growth of the ICP monitoring devices market is the aging population. As the elderly are particularly susceptible to conditions like hydrocephalus and dementia, which often require ICP monitoring, the demand for these devices is expected to rise. The WHO estimates that by 2050, around 80% of older individuals will be residing in low- and middle-income countries, further driving the need for ICP devices to manage age-related neurological disorders.

The market is also experiencing a rising demand for minimally invasive surgeries, which require smaller incisions and facilitate quicker recovery times. This trend is supported by technological advancements in ICP monitoring devices, enabling real-time video and image capture during procedures, enhancing their effectiveness in neurosurgery.

Recent Developments

Significant advancements in the market include the launch of innovative products. For example, in August 2023, Viseon Inc. introduced the Viseon Max View 4K system, which allows surgeons to capture real-time procedural video and images for educational and presentation purposes. Additionally, on June 28, 2023, Luciole Medical, based in Germany, acquired Spiegelberg to improve its offerings in cerebrospinal fluid drainage and intracranial pressure measurement.

Market Restraints

Despite the growth potential, the ICP monitoring devices market faces challenges, particularly due to the high costs associated with these devices. Although they significantly reduce the risk of intraoperative complications, the financial burden could restrain broader market adoption.

Market Segmentation Insights

The ICP monitoring devices market is segmented based on technique and application.

Technique Dynamics:

Invasive Segment: This segment, including methods such as external ventricular drainage, accounted for the largest market share in 2022. The increasing adoption of invasive procedures for draining cerebrospinal fluid is a primary driver of this growth.

Non-Invasive Segment: This segment, which encompasses techniques like transcranial Doppler ultrasonography, is expected to experience moderate growth. The integration of ICP monitoring in non-invasive diagnostic tests is likely to bolster this segment.

Application Insights:

Traumatic Brain Injury (TBI): The TBI segment is projected to maintain a significant market share, as ICP monitoring devices are crucial for evaluating brain injuries and tailoring treatment plans.

Intracerebral Hemorrhage: This segment is anticipated to grow steadily, driven by the rising prevalence of hypertension and vascular abnormalities. The National Institute of Health reports an overall prevalence of spontaneous intracerebral hemorrhage of 24.6 per 100,000 person-years, highlighting the need for effective ICP monitoring solutions.

As the Intracranial Pressure Monitoring Devices market evolves, continuous innovations and increased awareness of TBIs are expected to drive further growth.

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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 Updates

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.

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Intracranial Pressure Monitoring Devices Market Segmentation 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)

Invasive

External ventricular drainage

Micro transducer ICP monitoring

Non-invasive

Transcranial Doppler ultrasonography

Tympanic membrane displacement

optic nerve sheath diameter

Magnetic Resonance Imaging (MRI)/Computed Tomography (CT)

Application Outlook (Revenue, USD Billion; 2019-2032)

Traumatic Brain Injury (TBI)

Intracerebral hemorrhage

Meningitis

Others

Regional Outlook (Revenue, USD Billion; 2019-2032)

North America

U.S.

Canada

Europe

Germany

France

UK

Italy

Spain

Benelux

Russia

Rest of Europe

Asia Pacific

China

Japan

South Korea

India

ASEAN Countries

Oceania

Rest of APAC

Latin America

Brazil

Mexico

Rest of LATAM

Middle East & Africa

GCC Countries

Israel

Turkey

South Africa

Rest of Middle East & Africa

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Unlocking Knowledge: Accessing Relevant Market Reports

Intracranial Pressure (ICP) Monitoring Devices Market Size @ https://www.emergenresearch.com/industry-report/intracranial-pressure-monitoring-devices-market/market-size

Intracranial Pressure (ICP) Monitoring Devices Market Share @ https://www.emergenresearch.com/industry-report/intracranial-pressure-monitoring-devices-market/market-share

Intracranial Pressure (ICP) Monitoring Devices Market Trends @ https://www.emergenresearch.com/industry-report/intracranial-pressure-monitoring-devices-market/market-trends

Intracranial Pressure (ICP) Monitoring Devices Regional Market Demand @ https://www.emergenresearch.com/industry-report/intracranial-pressure-monitoring-devices-market/regional-market-demand

Intracranial Pressure (ICP) Monitoring Devices Market Analysis @ https://www.emergenresearch.com/industry-report/intracranial-pressure-monitoring-devices-market/market-analysis

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