Press release
Intracranial Pressure Monitoring Market to Reach $0.6 Billion, Globally, by 2033 at 5.1% CAGR | Sick AG, Natus Medical Incorporated, Teleflex Incorporated, Elekta AB
According to the report, the intracranial pressure (ICP) monitoring market was valued at $0.4 billion in 2023, and is estimated to reach $0.6 billion by 2033, growing at a CAGR of 5.1% from 2024 to 2033.Request Sample of the Report on -
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Rise in prevalence of traumatic brain injuries (TBIs) , rise in demand for minimally invasive procedures and increase in geriatric population are the major factors that drive the growth of the intracranial pressure monitoring market growth. However, high costs of devices hinder the market growth. Moreover, technological advancements and untapped markets in developing economies offer remunerative opportunities for the expansion of the global intracranial pressure monitoring market.
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Segment Highlights
By technique, the non-invasive segment generated the highest revenue in the intracranial pressure market in 2023. The increasing preference for non-invasive intracranial pressure monitoring devices is driven by their ability to provide accurate measurements without the need for invasive procedures, reducing patient discomfort and complications. These devices offer real-time monitoring capabilities and are often more cost-effective than invasive methods, making them attractive options for healthcare providers seeking safer and more patient-friendly alternatives for intracranial pressure assessment.
By end user, the hospitals segment generated the highest revenue in the intracranial pressure market in 2023. Hospitals are the primary users of intracranial pressure monitoring devices due to their role as major healthcare providers, offering comprehensive neurocritical care services and specialized equipment for monitoring and managing patients with traumatic brain injuries, strokes, and other neurological conditions.
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Regional Outlook
In North America, the intracranial pressure monitoring market thrives owing to their sophisticated healthcare systems, high prevalence of chronic diseases, and widespread access to healthcare services. These regions also boast substantial research and development efforts, resulting in continuous advancements in intracranial pressure monitoring technology. Conversely, emerging markets such as Asia-Pacific and LAMEA are witnessing rapid growth in this sector due to escalating healthcare spending and the expansion of pharmaceutical industries.
Key Players
AMETEK
Elekta AB
Koninklijke Philips N.V.
Smiths Medical
Sick AG
Teleflex Incorporated
GE Healthcare
Integra LifeSciences
Natus Medical Incorporated
BrainLAB.
The report provides a detailed analysis of these key players in the global intracranial pressure monitoring market. These players have adopted different strategies such as clinical trials, product launch and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
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