Intracranial Pressure Monitors Market will be Worth US$ 1.63 Billion by 2023
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As per TMR, the global market opportunity for intracranial pressure monitors will be worth US$1.63 bn by 2023. On the basis of geography, North America is currently the leading regional market and shall continue to do so in the years to come. Asia Pacific will emerge as a key market for intracranial pressure monitors on account of the increasing geriatric population. Increase in the healthcare expenditure and rising incidences of cerebrovascular disorders will also aid the growth of the market in Asia Pacific, making it one of the most attractive markets for intracranial pressure monitors.
By application, the traumatic brain injury segment led in the past and is anticipated to expand at a CAGR of 7.70% during the forecast period from 2015 to 2023. Driven by increasing violence and growing number of road accidents, this segment will witness high growth. An increasing incidence of industrial accidents and head injuries on account of recreational activities and sports will also help the growth of the traumatic brain injury market segment.
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The global intracranial pressure monitors market is driven by growing frequency of traumatic injuries on account of frenzied lifestyle of the people worldwide. This has also resulted in the high occurrence of strokes, thereby fueling the demand for intracranial pressure monitors. A growing number of people suffer from high blood pressure, which is responsible for increasing the rate of strokes and driving the demand for intracranial pressure monitors. Cranial injuries are occurring frequently and so are head traumas on account of industrial accidents and road accidents. A TMR analyst has identified the untapped markets in developing nations to offer attractive growth opportunities in the near future. On the other hand, the reports about cerebrospinal fluid infection, which could even lead to fatal results will limit the application of intracranial pressure monitors, posing a challenge for the growth of the market.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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