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Intracranial Pressure Monitoring Devices Market Growth: Market Size, Drivers, Key Players, and Trend Predictions for 2024-2029
Intracranial Pressure Monitoring Devices Market
What Is The Projected Market Size Of The Global Intracranial Pressure (ICP) Monitoring Devices Market And Its Growth Rate?
• The ICP monitoring devices market, valued at $1.64 billion in 2024, is projected to grow to $1.73 billion in 2025 (a 5.9% CAGR).
• The market's growth rate results from increased occurrences of traumatic brain injuries (TBIs), an aging population, and rising healthcare awareness and accessibility.
• By 2029, the market size is expected to reach $2.31 billion (a 7.5% CAGR).
• This future growth is attributable to personalized medicine approaches, the rise in chronic neurological disorders, and technological innovations such as AI integration.
What Is Driving The Growth In The Intracranial Pressure (ICP) Monitoring Devices Market?
The escalating number of traumatic brain injury (TBI) cases serves as a significant contributor to the ICP monitoring devices market's growth. These injuries, often caused by motor vehicle accidents or sports injuries, require monitoring to provide crucial real-time information about pressure within the skull. For example, the American Association of Neurological Surgeons reports 1.7 to 3.8 million TBIs annually in the United States, with sports and recreational activities accounting for 10 percent. Therefore, the continued increase in TBI cases propels the ICP monitoring devices market growth.
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Who Are the Key Players Driving Intracranial Pressure (ICP) Monitoring Devices Market Growth?
• Medtronic plc
• Integra LifeSciences Holding Corporation
• Natus Medical Inc.
• Haiying Medical
• Raumedic AG
• Sophysa Ltd.
• Ad-Tech Medical Instrument Corp.
• Third Eye Diagnostics
• Boston Neurosciences Inc.
• DePuy Synthes
• Codman & Shurtleff Inc.
• NeuroWave Systems Inc.
• Branchpoint Technologies Inc.
What Are The Key Trends In The Intracranial Pressure (ICP) Monitoring Devices Market?
• Integration of artificial intelligence (AI)
• Continual monitoring solutions
• Collaborations and partnerships
• Focus on non-invasive monitoring
• Home-based ICP monitoring
What Are The Segments Of The Global Intracranial Pressure (ICP) Monitoring Devices Market?
• By Technique: Invasive, Non-Invasive
• By Application: Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Others
• By End User: Hospitals, Ambulatory Care And Clinics, Others
Which Region Leads The Intracranial Pressure (ICP) Monitoring Devices Market?
Leading the global ICP monitoring devices market is North America, as of 2024. However, the fastest-growing region anticipated in the forecast period is Asia-Pacific. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Intracranial Pressure (ICP) Monitoring Devices Market Global Market Report?
- Market Size Analysis: Analyze the Intracranial Pressure (ICP) Monitoring Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Intracranial Pressure (ICP) Monitoring Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Intracranial Pressure (ICP) Monitoring Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Intracranial Pressure (ICP) Monitoring Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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