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Will Intracranial Pressure Monitors Market Size Observe Significant Surge during 2015-2021?
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Brain monitoring devices market is growing at a significant rate due to increase in the incidence cases of neurological disorders and growing awareness for different types of treatments available in the market. Intracranial pressure (ICP) monitor refers to a medical device that is placed inside the brain and is used to measure pressure inside the brain. Intracranial pressure monitors sense the pressure inside the skull and send recordings to the recorder for better analysation. This test is performed in cases with severe head injury or if there is some brain or nervous disease. Intracranial pressure monitoring is done to remove tumor if any or to check for any blood vessel injury post surgery, which may lead to swelling if left untreated. Intracranial pressure monitors market is increasing at a significant rate due to increasing prevalence of brain injury or brain or nervous disease cases. In addition, increasing awareness and technological advancements in the field are driving the global market for intracranial pressure monitors.
North America dominates the global intracranial pressure monitors market, followed by Europe and Asia. This is due to increasing prevalence of brain injury or brain or nervous disease cases in the region. In addition, technological advancement and improved healthcare facilities are driving the market for intracranial pressure monitors in the North America. Asia is expected to show high growth rates in the next five years in the global intracranial pressure monitors market due to increasing prevalence for head injuries and neurological disorders. Several government associations have launched various programs to raise awareness among people towards various neurological disorders and their treatments in Asia. In addition, many companies are constructing their manufacturing and research facilities in the developing regions. This is due to low wages, availability of a large talent pool, less stringent environment and health and safety regulations in the region. Japan, China and India are expected to be the fastest growing intracranial pressure monitors in Asia. Asia-Pacific and Latin America regions are expected to have high growth rates for intracranial pressure monitors market, due to increase in the prevalence of neurological disorders and improvement in the healthcare facilities.
Some of the major factors driving the global market for intracranial pressure monitors are increasing incidences of neurological disorders, cardiovascular diseases, sleep disorders, brain disorders and autoimmune diseases and growing awareness for treatment of these disorders and diseases. In addition, technological advancements in the field and government initiatives have been driving the global market for intracranial pressure monitors. However, some of the major factors such as high cost involved and reimbursement issues have been restraining the global market for intracranial pressure monitors. In addition, lack of skilled medical professionals for proper handling of these devices also restrains the global market for intracranial pressure monitors.
Growing demographics and economies in the developing countries such as India and China are expected to offer good opportunities for the global operating tables market. In addition, innovation of some new products with better efficiency and accurate results are expected to offer good opportunities for the global market of intracranial pressure monitors.
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Some of the major companies dealing in the global intracranial pressure monitors market are Covidien Ltd., Compumedics, Ltd., Natus Medical, Inc. and Integra Life Sciences Corporation. Some other companies having significant presence in the global intracranial pressure monitors market are CAS Medical Systems, Advanced Brain Monitoring, Inc. and Nihon Kohden Corporation.
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