USD 1.56 billion
Intracranial Pressure Monitoring Devices Market Size, Share, Growth Analysis, By Product Type (Invasive ICP Monitoring Devices, Non-Invasive ICP Monitoring Devices), By Application (Traumatic Brain Injury, Intracerebral Hemorrhage), By End User, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2537 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
69
|Figures:
75
Intracranial Pressure Monitoring Devices Market Insights
Global Intracranial Pressure Monitoring Devices Market size was valued at USD 1.56 billion in 2022 and is poised to grow from USD 1.68 billion in 2023 to USD 3.07 billion by 2031, growing at a CAGR of 7.8% during the forecast period (2024-2031).
An interesting advancement is the increasing application of Less Invasive Techniques in surgeries required for placement of Intracranial Pressure monitors. Such methods, in comparison to more aggressive techniques, have benefits such as less pain for patients, shorter recovery times, and a lower risk of complications. The demand for minimally invasive devices and procedures is increasing due to the fact that healthcare systems are opting for them more frequently. A further noteworthy development in the global intracranial pressure monitoring devices market forecast is the increasing need for portable and wireless monitoring systems. Real-time intracranial pressure monitoring devices are made possible by these technologies, giving medical personnel important information about patients' situations and enabling timely actions when needed.
There is constant patient movement and sudden changes in health conditions in critical care units, hence the need for safe devices that can be used by patients while in the hospital without any limitations is paramount. The integration of sophisticated devices to also include monitoring of physiologic variations such as intracanial pressure in the future will see the popularization of concepts like machine learning (ML) and artificial intelligence (AI) based designs. These technological advances enhance the readings from intracranial pressure monitoring devices and hence more precise diagnosis and treatment planning are attained. This capacity has enormous potential to enhance clinical decision-making in neurocritical care and improve patient outcomes.
US Intracranial Pressure Monitoring Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Invasive
Fastest Growth
Invasive
Growth Rate
7.8% CAGR
Global Intracranial Pressure Monitoring Devices Market ($ Bn)
Country Share for North America Region (%)
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Intracranial Pressure Monitoring Devices Market Segmental Analysis
Global Intracranial Pressure Monitoring Devices Market is segmented by product type, application, end user and region. Based on product type, the market is segmented into invasive ICP monitoring devices (external ventricular drainage (EVD) systems, microtransducer ICP monitoring devices) and non-invasive ICP monitoring devices (transcranial doppler ultrasonography, tympanic membrane displacement (TMD), optic nerve sheath diameter (ONSD), MRI/CT). Based on application, the market is segmented into traumatic brain injury (TBI), intracerebral hemorrhage, meningitis, subarachnoid hemorrhage and others. Based on end user, the market is segmented into hospitals, trauma centers, ambulatory surgical centers and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Technique
As per categorization by technique, the market is classified as invasive, and non-invasive. Among these, invasive earned the largest share and continues to hold the dominant global intracranial pressure monitoring devices market share. The invasive segment of the intracranial pressure monitoring devices has a relative increase in the share of the market. This is due to invasive devices capable of providing real-time pressure readings with excellent accuracy and dependability. Invasive methods like ventriculostomy and fiberoptic catheters have direct intracranial pressure measurement capability and are therefore popular in the intensive care unit. The segment of the market is the largest in volume due to the development of all invasive devices for the care of very sick patients with neurological illnesses, which improves the diagnosis and treatment as opposed to walls non-invasive strategies.
The non-invasive segment of the global intracranial pressure monitoring devices market is poised for rapid growth due to increasing demand for safer, more convenient monitoring methods. Such techniques as transcranial doppler and optic nerve sheath diameter measurements are non-invasive and therefore do away with any invasive surgical processes, minimizing risk and recuperation periods to patients. Healthcare personnel are readily embracing these technologies with the increase in awareness of the usefulness of non-invasive techniques for diagnostic and monitoring procedures in conditions such as traumatic brain injury, stroke, and others. In addition, factors such as the progress in sensors technology and enhanced precision are facilitating the incorporation of these technologies in everyday clinical practice, thus fueling the growth of this segment at a rapid rate.
Analysis by Application
Traumatic brain injury is a leading driver of growth in the global intracranial pressure monitoring devices market due to its high incidence and critical need for accurate monitoring. Developments in intracranial pressure monitoring devices, especially the invasive and non-invasive techniques, are geared towards enhancing the treatment and care of traumatic brain injury patients. The intracranial pressure monitoring devices work by measuring the pressure in the skull in real time, a very important device in the management of traumatic brain injury where there is ever the risk of dangerous brain swelling and raised intracranial pressure. The reason for the high prevalence of traumatic brain injury in the market can be attributed to the fact that most people are involved in accidents and sports activities making effective preventative care monitoring a necessity to improve patient outcomes and avert complications.
Intracerebral hemorrhage (ICH) is expected to be the fastest-growing segment in the global intracranial pressure monitoring devices market due to the rising prevalence of stroke and associated brain injuries. Intracerebral hemorrhage abbreviates as Intracerebral hemorrhage, bleeding encompassing the brain, constitutes a potent stroke complication with often increased intracranial tension requiring careful management. With the introduction of sphere monitoring technologies in intracranial pressure monitoring devices, health practitioners can appreciate changes in pressure more effectively leading to better health outcomes. The increasing emphasis on early diagnosis and treatment coupled with a global upsurge in the incidence of stroke is propelling growth in the global intracranial pressure monitoring devices market for Intracerebral hemorrhage control.
Global Intracranial pressure monitoring devices Market By Technique
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Intracranial Pressure Monitoring Devices Market Regional Insights
North America is dominating the global intracranial pressure monitoring devices market due to advanced healthcare infrastructure, a high prevalence of neurological disorders, and strong research and development activities. The region is also buoyed up by modern equipment, a solid regulatory environment, and considerable investment in healthcare, which all contribute to the uptake of advanced intracranial pressure monitoring devices. Moreover, in North America, there are a significant number of owing hospitals and trauma care facilities with sophisticated equipment used for the management of injuries, such as that resultant from traumatic brain injuries and strokes. There is a growing trend towards optimizing treatment outcomes for patients and minimizing expenses incurred in the treatment services. This trend in turn increases the pace at which intracranial pressure monitoring devices are demanded in the region.
Europe is the fastest-growing region in the global intracranial pressure monitoring devices market due to increasing healthcare investments, rising awareness of neurological disorders, and expanding patient populations. Furthermore, a combination of advanced healthcare facilities and the region's older population leads to more complicated illnesses and injuries, such as stroke or traumatic brain injury, – hence the increasing need for intracranial pressure monitoring devices. Europe is progressing in terms of these medical devices and progress in technologies can be attributed to research projects and innovations. Governments are also focusing on enhancing access to quality health care services as well as a growing emphasis on the use of non-invasive observation which will propel the use of intracranial pressure monitoring devices, thus expanding the market within the region.
Global Intracranial Pressure monitoring devices Market By Geography
- Largest
- Fastest
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Intracranial Pressure Monitoring Devices Market Dynamics
Intracranial Pressure Monitoring Devices Market Drivers
Rising Prevalence of Neurological Disorders
- The growing incidence of neurological conditions, such as traumatic brain injury, stroke, and intracerebral hemorrhage, is a major driver for the global intracranial pressure monitoring devices market. Since these situations often result in increased pressure inside the skull, there is an increasing demand worldwide for precise measuring technologies in order to control patient results.
Technological Advancements in Monitoring Devices
- Continuous innovation in intracranial pressure monitoring devices, particularly non-invasive methods, is driving market growth. The incorporation of advanced sensor technologies is enhancing precision, mobility and comfort of patients which in turn encourages health care providers to embrace the solutions. These developments increase the accessibility of intracranial pressure monitoring devices which encourages their utilization in multiple settings where patients are managed.
Intracranial Pressure Monitoring Devices Market Restraints
Regulatory and Approval Challenges
- Long and tedious regulatory processes and tight rules governing intracranial pressure monitoring devices often hinder the release of new products into the market. These hurdles are especially difficult for the manufacturers, especially the smaller ones, to bring such innovative technologies into the market, reducing the range of advanced monitoring solutions in many regions.
Limited Awareness in Developing Regions
- In a lot of developing economies, people are not informed about the significance and advantages of intracranial pressure monitoring devices for various critical neurological conditions. This limited knowledge in addition to the lack of funds disallows the health care practitioners from using these devices, therefore, it hinders the growth of the market in these regions.
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Intracranial Pressure Monitoring Devices Market Competitive Landscape
The global intracranial pressure monitoring devices market is highly contested with primary players seeking technological advancements and product diversification. This market is dominated by companies like Medtronic, Integra LifeSciences, Raumedic, Abbott Laboratories, and Neurosign. These companies are also pursuing advanced monitoring solutions that incorporate both invasive and non-invasive devices to improve patient outcomes. Strategic partnerships, acquisitions, and constant research to increase the supply capacity are some of the basics employed to fortify their positions and satisfy the demand in various health care environments.
Intracranial Pressure Monitoring Devices Market Top Player’s Company Profiles
- Integra LifeSciences Corporation
- Medtronic plc
- Natus Medical Incorporated
- Raumedic AG
- Spiegelberg GmbH & Co. KG
- Sophysa
- Johnson & Johnson
- Philips Healthcare
- GE Healthcare
- Boston Scientific Corporation
- Smiths Medical
- Edwards Lifesciences Corporation
- B. Braun Melsungen AG
- Terumo Corporation
- Abbott Laboratories
Intracranial Pressure Monitoring Devices Market Recent Developments
- In August 2024, Medtronic declared the release of its upgraded intracranial pressure monitoring devices as a prestigious achievement, which now incorporates sensor technology for better precision and up to the second monitoring. The system is aimed at critical care settings, hence providing effective solutions for healthcare providers with the management of TBI, stroke patients and so on.
- In July 2024, Integra LifeSciences launched an innovative solution for intracranial pressure monitoring devices; its main goal is to minimize the adverse effects that are usually encountered in the traditional invasive methods of monitoring. This innovative device utilizes fiberoptic technology and features a more user-friendly design while enabling accurate pressure measurement on brain-injured patients.
- In June 2024, Raumedic introduced an intracranial pressure monitoring device that employs real-time data analytics and also incorporates non-invasive techniques. This system is designed to improve the welfare of the patients by minimizing the use of invasive procedures. The system is tailored for patients with stroke and traumatic brain injury associated with better diagnosis and management.
Intracranial Pressure Monitoring Devices Key Market Trends
- Rise of Non-Invasive Monitoring Methods: The movement associated with non-invasive intracranial pressure monitoring devices is becoming renaissance owing to sensor technology and even imaging techniques supporting the method making it more accurate and achievable. These devices are being adopted in medical practice largely due to reduced risk to the patient, quicker recovery times, and greater comfort.
- Integration of Advanced Data Analytics in ICP Devices: The global intracranial pressure monitoring devices market trends are increasingly incorporating advanced data analytics and artificial intelligence (AI) to improve real-time decision-making. These innovations enable more accurate pressure measurement, predictive analytics, and better management of neurological conditions like traumatic brain injury, optimizing patient care and improving clinical outcomes.
Intracranial Pressure Monitoring Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global intracranial pressure monitoring devices industry is experiencing significant growth, driven by technological innovations and the increasing demand for non-invasive and portable solutions. The rise in traumatic brain injury and intracerebral hemorrhage cases, along with advancements in machine learning and AI, are propelling market expansion.
While challenges such as regulatory hurdles and limited awareness in some regions exist, the continuous development of minimally invasive and wireless devices is shaping the future of intracranial pressure monitoring devices, improving patient outcomes and driving growth across key regions like North America and Europe.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.56 billion |
| Market size value in 2031 | USD 3.07 billion |
| Growth Rate | 7.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Intracranial Pressure Monitoring Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Intracranial Pressure Monitoring Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Intracranial Pressure Monitoring Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Intracranial Pressure Monitoring Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Intracranial Pressure Monitoring Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Intracranial Pressure Monitoring Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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