Intracranial Pressure Monitoring Devices Market 2017-2027 Integra LifeSciences Holdings Corporation, Medtronic plc, RAUMEDIC AG, Codman &Shurtleff, Inc.

Global market trend:

The global intracranial pressure monitoring devices market is expected to reach USD 2,372.0 million by 2027, growing at a CAGR of 7.4% from 2017 – 2027. Factors such as increasing incidence of neurological disorders and brain injuries, which have escalated across the globe. Furthermore, technological advancement pertaining to the detection and management of chronic brain disorders such as traumatic brain injury, brain tumor, meningitis and intracerebral haemorrhage, would drive the growth of intracranial pressure monitoring devices market.

Key Market Players:

Key market players operating in the global intracranial pressure monitoring devices market are Integra LifeSciences Holdings Corporation, Medtronic plc, RAUMEDIC AG, Codman &Shurtleff, Inc., Orsan Medical Technologies, Sophysa Ltd., Spiegelberg GmbH & Co. KG, HeadSense Medical, Inc. and others.

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Segment Analysis:

Based on technique, the global intracranial pressure monitoring devices market has been segmented into invasive and non-invasive. Invasive technique has been further segmented into external ventricular drain and micro-transducer ICP monitoring. External ventricular drain is dominating the invasive market segment in 2016 as it is considered as the most accurate tool for the measurement of elevated ICP. The application of this technique is significant in conditions such as intracranial hemorrhage, subarachnoid hemorrhage, traumatic brain injury, and bacterial meningitis. Non-invasive techniques have been further sub-segmented into optic nerve sheath diameter, transcranial Doppler ultrasonography, tympanic membrane displacement, MRI/CT, and fundoscopy. Optic nerve sheath diameter is expected to drive the market growth during the forecast period as it is one of the simplest, safest, inexpensive, and bedside diagnostic test that has the potential to replace invasive ICP monitoring in cases of raised intracranial hypertension.

Based on application, the market has been categorized into traumatic brain injury, meningitis, intracerebral hemorrhage, subarachnoid hemorrhage, hepatic failure, others.

Traumatic brain injury is occupying the largest share in 2016 as elevated ICP is the most common cause of mortality in patients suffering from traumatic brain injury. Furthermore, according to the Centers for Disease Control and Prevention, the number of traumatic brain injuries has significantly increased in the past few years.

Based on end-user, the market has been segmented into trauma care centers, hospitals and others. Trauma care centershave the maximum share in the global market due to increasing incidence of neurological and brain diseases cases. In addition, trauma care centers are in great demand as it is a medical center which is equipped and staffed to provide care for patients suffering from major traumatic injuries such as falls, and motor vehicle accidents.

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Geographical Analysis:

Based on geography, the intracranial pressure monitoring devices market has been segmented into North America, Europe, Asia Pacific, Latin America and Rest of the World. North America is occupying the major share of the global market.Favorable reimbursement policies, rapid adoption of advanced technologies, and presence of a large number of market players are the factors driving market growth in the region.

Asia Pacific would grow at the fastest CAGR during the forecast period owing to increasing demand for ICP monitoring devices due to increase in number of neurosurgical cases and requirement of trauma care. Other factors propelling the growth include developing economies &increasing disposable income, rising awareness about advanced technologies, and increasing demand for world class medical services in the region.

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Segments Covered:

Technique Segment (Revenue, USD Million, 2015 – 2027)
Invasive
External Ventricular Drain
Micro-transducer ICP Monitoring
Non-invasive
Transcranial Doppler Ultrasonography
Tympanic Membrane Displacement
Optic Nerve Sheath Diameter
MRI/CT
Fundoscopy

Application Segment (Revenue, USD Million, 2015 – 2027)
Traumatic Brain Injury
Meningitis
Intracerebral Hemorrhage
Subarachnoid Hemorrhage
Hepatic Failure
Others

End-user Segment (Revenue, USD Million, 2015 – 2027)
Trauma Care Centers
Hospitals
Others

Regional Segment (Revenue, USD Million, 2015 – 2027)
North America
S.
Canada
Europe
K.
Germany
France
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
MEA
South Africa

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