2025 Intracranial Pressure (ICP) Monitoring Devices Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Intracranial Pressure (ICP) Monitoring Devices Industry Market Size Be by 2025?
The market size of intracranial pressure (ICP) monitoring devices has seen robust growth in the recent past. The projections indicate an increase from $1.64 billion in 2024 to $1.73 billion in 2025, representing a compound annual growth rate (CAGR) of 5.9%. Several factors have led to this growth in the historic period including a rise in traumatic brain injuries (TBIs), an aging demographic, an increase in awareness and diagnosis, the expansion of medical tourism, a surge in the elderly population, and enhanced global healthcare awareness and accessibility.

What's the Long-Term Growth Forecast for the Intracranial Pressure (ICP) Monitoring Devices Market Size Through 2029?
In the coming years, the market size for intracranial pressure (ICP) monitoring devices is expected to witness substantial growth. By 2029, the market is expected to reach $2.31 billion, growing at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period can be credited to factors like the implementation of personalized medicine techniques, the use of telemedicine and remote monitoring, an increase in chronic neurological conditions, integration with electronic health records (EHR), a worldwide rise in neurosurgical procedures, and an emphasis on outpatient monitoring. The forecast period is set to observe significant trends including the incorporation of artificial intelligence (AI), continuous monitoring strategies, industry collaborations and partnerships, a focus on non-invasive monitoring techniques, and the practice of home-based ICP monitoring.

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What Are the Key Growth Drivers Fueling the Intracranial Pressure (ICP) Monitoring Devices Market Expansion?
The surge in cases of traumatic brain injury (TBI) is anticipated to fuel the expansion of the intracranial pressure (ICP) monitoring devices market in the future. Traumatic brain injury (TBI) involves damage to the brain due to an external force or trauma. The rise in TBI cases is largely due to an increase in motor vehicle accidents, sports injuries, and physical violence, and intracranial pressure (ICP) monitoring devices are key in managing these TBI cases by offering real-time data about the pressure within the skull. For example, in April 2024, the American Association of Neurological Surgeons, a scientific and educational association in the US, reported that according to the CDC, every year in the United States there are an estimated 1.7 to 3.8 million TBI cases, with 10 percent resulting from sports and recreational activities. Hence, the escalating number of traumatic brain injury (TBI) cases is propelling forward the market for intracranial pressure (ICP) monitoring devices.

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What Are the Key Trends Driving Intracranial Pressure (ICP) Monitoring Devices Market Growth?
Building strategic alliances is a trending strategy observed in the intracranial pressure (ICP) monitoring devices industry. Major players in this field are seeking collaborations to consolidate their market position. For instance, IRRAS, a medical technology enterprise based in Sweden, joined forces with Medtronic, a renowned US-based medical device company functioning in the ICP monitoring devices market in November 2022. This collaboration grants Medtronic the exclusive rights to advertise the IRRAflow system in certain US territories. Additionally, in the same month, EMOTIV, a US company making strides in the application of electroencephalography (EEG), allied with X-trodes, an Israeli bio-tech firm that offers wireless medical-grade monitoring solutions. The objective of this union is to introduce a new medically-approved, home-based solution for brain monitoring studies.

How Is the Intracranial Pressure (ICP) Monitoring Devices Market Segmented?
The intracranial pressure (ICP) monitoring devices market covered in this report 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

Subsegments:
1) By Invasive: External Ventricular Drains (EVD), Intracranial Pressure Monitors, Subdural And Epidural Sensors, Intraparenchymal Monitors
2) By Non-Invasive: Transcranial Doppler Ultrasonography, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Optical Coherence Tomography (OCT), Pneumatic Devices

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Which Companies Are Leading the Charge in Intracranial Pressure (ICP) Monitoring Devices Market Innovation?
Major companies operating in the intracranial pressure (ICP) monitoring devices market include 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., Cerebrotech Medical Systems Inc., Deltex Medical Group plc, Gaeltec Devices Ltd., Infrascan Inc., NeuroDx Development, NeuroVent Research Inc., Noninvasix, Vivonics Inc., Neural Analytics, Spiegelberg GmbH and Co. KG, HeadSense Medical Ltd., Moberg ICU Solutions, Nisonic AS, Vittamed Corporation, Cerebral Assessment Systems Inc., Orsan Medical Technologies Ltd.

Which Regions Are Leading the Global Intracranial Pressure (ICP) Monitoring Devices Market in Revenue?
North America was the largest region in the intracranial pressure (ICP) monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intracranial pressure (ICP) monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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