Intracranial Pressure (ICP) Monitoring Market- Global Forecast to 2024

Intracranial Pressure (ICP) Monitoring Market Research Report- Forecast to 2024

ID: MRFR/MED/0232-HCRR | September, 2018 | Region: Global | 115 pages | Half-Cooked Research Reports

Global Intracranial Pressure Monitoring Market Research Report: Information, By Methods (Invasive & Others), Devices (Subarachnoid Devices and Others), Application (Traumatic Brain Injury and Others), End-User (Hospitals and Others) – Forecast Till 2024

Market Scenario

The global intracranial pressure monitoring market is expected to grow during the forecast period from 2018 to 2024 at a CAGR of ~7.11%.

Intracranial pressure monitoring is used in treating patients suffering from brain injury. Brain-specific monitoring enables detection and prevention of secondary cerebral fluid especially in the injured brain thereby preventing neurological damage. Intracranial pressure monitoring is widely used in neurological, neurosurgical, and medical conditions (Both intraoperative and critical care conditions) to improve patient outcome. It is most used in patients with traumatic brain injury.

The growing pediatric population, increasing aging population, and an increasing number of patients with traumatic brain injury are expected to drive the growth of the market.

The global intracranial pressure monitoring market is estimated to grow during the forecast period due to factors such as innovation, technological advancement, and advancement of intracranial pressure monitoring devices. The compulsory recommendation of intracranial pressure monitoring devices in the healthcare sector by the government has also led to the growth of the market in the recent years.

Segmentation

The global intracranial pressure monitoring market is segmented on the basis of methods, devices, application, and end-user. The global intracranial pressure monitoring market on the basis of methods is segmented into invasive and non-invasive methods. The invasive method is further sub-segmented into ventriculostomy and micro-transducers and the non-invasive method is further sub-segmented into transcranial Doppler, tympanic membrane displacement, optic nerve sheath diameter, CT scan/MRI, and fundoscopy and papilledema. Based on device the intracranial pressure monitoring market is further segmented into subarachnoid devices, epidural/subdural devices, pneumatic sensors (Spiegelberg brain pressure monitor), intraparenchymal devices, fiberoptic catheter tip transducers (Camino intracranial pressure monitor), implanted microchip transducers (Codman sensors), Magnetoencephalography (MEG), Electroencephalograph (EEG), cerebral oximeters, and transcranial doppler. On basis of application, the intracranial pressure monitoring market is further segmented into traumatic brain injury, intracerebral hemorrhage, meningitis, and subarachnoid hemorrhage. Based on end-user, the intracranial pressure monitoring market is further segmented into hospitals, clinics, and trauma centers.

Key players

Integra LifeSciences, Medtronic Inc, Johnson & Johnson Services, Inc., Sophysa SA, Spiegelberge GmbH & Co.KG, Raumedic AG, HaiWeiKang, Head Sense Medical Ltd, Vittamed, Natus Medical Inc., Nihon konden Corporation, Siemens Healthcare, Cpmpumedics Ltd, and Advanced Brain Monitoring, Inc.

Regional Market Summary

Global Intracranial Pressure Monitoring Market Share, by Region, 2018 (%)

Intracranial Pressure Monitoring Market Share

Sources: National Electronic Health Records Survey, U.S. Department of Health & Human Services, National Centre for Health Statistics

Based on region, the global intracranial pressure monitoring research market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and South America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia-Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.

The American market is likely to dominate the global intracranial pressure monitoring market owing to the rising prevalence of traumatic brain injury in the aging population. North America dominates the ICP monitoring market due to a large number of cases of traumatic brain injury. Also, the increasing number of cases of Traumatic Brain Injury (TBI) and the need for continuous ICP monitoring of patients suffering from TBI are the factors driving the growth of the market in the US. Additionally, increasing awareness about the neurodegenerative disease and rising government initiatives also propel the market towards growth. North America is broadly classified into products and applications. Based on product, the market is segmented into Extra Ventricular Drainage (EVD) and ICP monitors. Based on application, the market is segmented into traumatic brain injury, intracerebral hemorrhage, meningitis, and subarachnoid hemorrhage.

The European market is the second largest growing market in intracranial pressure monitoring. The market growth in this region is due to government funding and support from the healthcare sector. However, a growing number of surgeries and changing lifestyle have contributed to the growth of the market in this region.

The intracranial pressure monitoring market is larger in the Asia-Pacific region owing to the increasing number of traumatic brain injury patients. This factor has led to the increase in the demand for intracranial pressure monitoring devices in the region. The Asia-Pacific intracranial pressure monitoring market is anticipated to grow during the forecast period due to rising healthcare expenditure and increasing awareness level to adopt the intracranial pressure monitoring technique.

Countries such as India and China are more focused on the global intracranial pressure monitoring market because of the growing purchasing power and increasing population as compared to other developing countries.

Market Segmentation

Global Intracranial Pressure Monitoring Market, by Method

Invasive Method

External Ventricular Drainage

Microtransducer

Noninvasive

Transcranial Doppler Ultrasonography

Tympanic Membrane Displacement

Optic Nerve Sheath Diameter

CT Scan/MRI

Fundoscopy and Papilledema

Global Intracranial Pressure Monitoring Market, by Device

Subarachnoid devices

Epidural/subdural devices

Pneumatic sensor (Spiegelberg brain pressure monitor)

Intraparenchymal devices

Fiberoptic catheter tip transducers (Camino intracranial pressure monitor)

Implanted microchip transducers (Codman sensors)

Magnetoencephalography (MEG)

Electroencephalograph (EEG)

Cerebral oximeters

Transcranial doppler

Global Intracranial Pressure Monitoring Market, by Application

Traumatic Brain Injury

Intracerebral Hemorrhage

Meningitis

Subarachnoid Hemorrhage

Global Intracranial Pressure Monitoring Research Market, by End-User

Hospital

Clinic

Trauma Center

Global Intracranial Pressure Monitoring Research Market, by Region

Americas

Europe

Asia-Pacific

Middle East & Africa

Intended Audience

Global brain monitoring device manufacturers & suppliers

Contract Research Organizations (CROs)

Research and Development (R&D) companies

Government research laboratories

Independent research laboratories

Government and independent regulatory authorities

Market research and consulting service providers

Academic institutes and universities

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Intracranial Pressure Monitoring Market, by Method

6.1 Introduction

6.2 Invasive Method

6.2.1.1 External Ventricular Drainage