USD 1.60 Billion
Intracranial Pressure Monitoring Devices Market Size, Share, Growth Analysis, By Technique(Invasive, and Non-invasive), By Application(Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage), 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 1.60 Billion in 2022 and is poised to grow from USD 1.72 Billion in 2023 to USD 3.15 Billion by 2031, at a CAGR of 7.80% during the forecast period (2024-2031).
The global Intracranial pressure monitoring devices market is witnessing significant growth as healthcare providers recognize the importance of monitoring and managing intracranial pressure (ICP) in patients with neurological conditions. Intracranial pressure refers to the pressure exerted by the cerebrospinal fluid within the skull and is a critical parameter to monitor in conditions such as traumatic brain injury, stroke, and hydrocephalus. Intracranial pressure monitoring devices are designed to measure and provide real-time data on ICP, enabling healthcare professionals to make informed decisions regarding patient management and treatment.
The purpose of the intracranial pressure monitoring devices market is to address the growing demand for accurate and reliable devices that aid in the management of neurological conditions. These devices help in detecting and preventing potentially life-threatening increases in intracranial pressure, thereby minimizing the risk of secondary brain damage. By providing continuous monitoring and timely intervention, these devices assist healthcare providers in optimizing patient outcomes and improving the quality of care. One of the key driving factors for the growth of the intracranial pressure monitoring devices market is the increasing prevalence of neurological disorders and traumatic brain injuries. As the global burden of neurological conditions continues to rise, there is a growing need for effective diagnostic and monitoring tools. Intracranial pressure monitoring devices play a vital role in the management of these conditions by providing accurate and reliable measurements, facilitating early intervention, and guiding treatment decisions. Despite the growth opportunities, there are certain restraining factors that may impact the intracranial pressure monitoring devices market. One such factor is the high cost associated with these devices and their installation.
The procurement and maintenance costs of intracranial pressure monitoring devices, along with the need for specialized training and infrastructure, pose financial challenges for healthcare facilities, particularly in resource-constrained settings. The intracranial pressure monitoring devices market also faces certain challenges. One significant challenge is the variability in measuring intracranial pressure accurately. Multiple factors, such as patient positioning, cerebrospinal fluid dynamics, and calibration techniques, can affect the accuracy of measurements. The intracranial pressure monitoring devices market presents significant opportunities for growth. The increasing adoption of telemedicine and remote patient monitoring is creating avenues for the development of innovative monitoring solutions. Remote monitoring of intracranial pressure enables continuous surveillance and early detection of changes, empowering healthcare providers to intervene promptly and optimize patient care.
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
7.80% 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
The global intracranial pressure monitoring devices market is segmented on the basis of technique, application, and region. By technique, the market is segmented into Invasive, and Non-invasive. By application, the market is segmented into Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage, CSF Management, Migraine, Stroke, Hydrocephalus, EEG, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Intracranial Pressure Monitoring Devices Market Analysis by Technique
The invasive techniques segment emerged as the dominant market segment for intracranial pressure monitoring devices, holding a significant revenue share of 79.6% in 2022. This is primarily attributed to the versatility of invasive ICP measurement, which allows for monitoring at various intracranial locations such as intraventricular, intraparenchymal, epidural, subdural, and subarachnoid. The Department of Clinical Neurosciences recognizes the intraventricular catheter coupled with an external pressure transducer as the gold standard for continuous ICP monitoring, offering high accuracy and cost-effectiveness. Additionally, invasive techniques provide the advantage of therapeutic cerebrospinal fluid (CSF) drainage and drug administration. The two commonly used invasive techniques are external ventricular drain and micro-transducer ICP monitoring.
The non-invasive segment is expected to exhibit the highest compound annual growth rate (CAGR) of 9.2% over the forecast period. This growth can be attributed to the desire for alternative non-invasive procedures to measure elevated ICP. Invasive techniques are associated with complications such as infection, hemorrhage, catheter malfunction, obstruction, and misplacement, prompting the search for safer alternatives. Non-invasive methods offer advantages by avoiding the intrusive nature, high costs, and additional risks associated with current ICP monitoring approaches. In situations where invasive treatments are not viable due to a lack of skilled specialists or emergencies, non-invasive techniques, including optic nerve sheath diameter measurement, transcranial Doppler ultrasonography, and magnetic resonance imaging computed tomography (MRI/CT), show promise in overcoming these challenges.
Intracranial Pressure Monitoring Devices Market Analysis by Application
In 2022, the market for intracranial pressure monitoring devices was dominated by the traumatic brain injury segment, which accounted for approximately 31.5% of the total revenue share. Traumatic brain injury often leads to elevated intracranial pressure (ICP), which is a significant factor contributing to mortality in these patients. Accurate assessment and management of ICP play a crucial role in the success of treatment. Technological advancements have also played a vital role in driving market growth. For instance, in August 2020, IRRAS AB introduced Hummingbird Solo, a new addition to its Hummingbird ICP Monitoring product line. This innovative single-lumen, bolt-based monitor enables precise measurement of brain tissue pressure, aiding in the management of ICP after traumatic brain injury and supporting the diagnosis of conditions like subarachnoid hemorrhage or stroke.
The migraine segment is projected to witness the highest compound annual growth rate (CAGR) of 8.8% during the forecast period. There is a strong association between elevated ICP and obesity, indicating that the increasing prevalence of obesity in the general population may contribute to a higher incidence of migraine and related conditions. The Journal of Headache and Pain, in October 2018, highlighted the impact of idiopathic intracranial hypertension, primarily affecting obese women of childbearing age. With an anticipated rise in obesity rates, the prevalence and socioeconomic burden of this condition are expected to increase, thereby driving the demand for intracranial pressure monitoring devices in the migraine segment.
Global Intracranial pressure monitoring devices Market By Technique
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Intracranial Pressure Monitoring Devices Market Regional Insights
In 2022, North America emerged as the dominant region in the market for intracranial pressure monitoring devices, capturing the highest revenue share of 37.5%. Several key factors are expected to contribute to the growth of this market in North America. Firstly, there is an increasing availability of technologically advanced devices in the region, which are enabling more accurate and efficient monitoring of intracranial pressure. Moreover, there is a growing demand for minimally invasive surgeries, and the adoption of noninvasive ICP monitoring procedures is on the rise. These factors are driving the demand for intracranial pressure monitoring devices in North America.
Asia Pacific is projected to experience a strong compound annual growth rate (CAGR) of 8.70% during the forecast period. The market growth in this region is primarily driven by the increasing incidence of sports injuries and trauma. Economies such as China, Japan, South Korea, and India are witnessing significant market growth due to these factors. For instance, the Centers for Disease Control and Prevention (CDC) has highlighted that individuals aged 65 years and above are at a higher risk of falling, which can result in mild or severe brain injuries.
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
Increasing Prevalence of Traumatic Brain Injuries (Tbis) and Neurological Disorders
- The rising incidence of TBIs, strokes, and other neurological conditions is driving the demand for intracranial pressure monitoring devices. These devices play a crucial role in accurately assessing and managing intracranial pressure, thereby improving patient outcomes.
Technological Advancements and Product Innovations
- Continuous advancements in technology are leading to the development of more sophisticated and efficient intracranial pressure monitoring devices. These innovations include the integration of advanced sensors, wireless connectivity, and improved data analysis capabilities, enhancing the accuracy and usability of these devices.
Intracranial Pressure Monitoring Devices Market Restraints
High Cost of Devices and Limited Healthcare Infrastructure
- Intracranial pressure monitoring devices can be expensive, making them less accessible in certain regions with limited healthcare resources. The high cost of these devices poses a restraint on their widespread adoption, particularly in developing countries or regions with budget constraints.
Potential Complications and Risks Associated with Invasive Procedures
- Invasive methods of intracranial pressure monitoring, although effective, carry a risk of complications such as infections, hemorrhages, and catheter malfunctions. These risks may deter healthcare providers from utilizing invasive techniques and encourage the exploration of non-invasive alternatives.
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Intracranial Pressure Monitoring Devices Market Competitive Landscape
The global intracranial pressure monitoring devices market is highly competitive, with several key players striving to gain a significant market share. These companies focus on product innovation, strategic partnerships, mergers and acquisitions, and geographic expansion to strengthen their foothold in the market. The competitive landscape is characterized by intense competition, technological advancements, and a growing emphasis on patient-centric care. The competitive landscape is also influenced by strategic collaborations and partnerships. For instance, in recent years, companies have formed partnerships to combine their respective expertise and develop integrated intracranial pressure monitoring solutions. These collaborations aim to provide comprehensive and efficient monitoring solutions for better patient management.
Intracranial Pressure Monitoring Devices Market Top Player’s Company Profiles
- Medtronic plc (US)
- Johnson & Johnson Services, Inc. (US)
- Sophysa S.A. (France)
- Spiegelberg GmbH & Co. KG (Germany)
- Raumedic AG (Germany)
- HeadSense Medical Ltd. (Israel)
- Haiying Medical Technology Co., Ltd. (China)
- Vittamed Corporation (Lithuania)
- Orsan Medical Technologies (Turkey)
- SOPHYSA MEDICAL (France)
- Möller Medical GmbH (Germany)
- Gaeltec Devices Ltd. (UK)
- Cerenovus (Johnson & Johnson) (US)
- NeuroWave Systems Inc. (US)
- DePuy Synthes (Johnson & Johnson) (US)
- Gaeltec Devices Ltd. (UK)
- Raumedic Inc. (US)
- Yokogawa Electric Corporation (Japan)
Intracranial Pressure Monitoring Devices Market Recent Developments
- In March 2023, Medtronic announced the launch of its new intracranial pressure monitoring system, the Camino IQ. The Camino IQ is a wireless, implantable ICP monitoring system that provides continuous, real-time ICP data.
- In February 2023, Integra LifeSciences acquired Codman Neuro, a leading provider of intracranial pressure monitoring devices. The acquisition will expand Integra's portfolio of neurosurgical products and services.
- In January 2023, Johnson & Johnson Medical Devices launched its new ICP monitoring system, the Codman MicroSensor ICP Monitor. The Codman MicroSensor ICP Monitor is a small, implantable ICP monitoring system that is designed to be less invasive than traditional ICP monitoring systems.
Intracranial Pressure Monitoring Devices Key Market Trends
- Increasing adoption of non-invasive monitoring techniques: Non-invasive methods for intracranial pressure monitoring, such as optic nerve sheath diameter measurement and transcranial Doppler ultrasonography, are gaining traction. These techniques offer a safer and less invasive approach, reducing the risk of complications associated with invasive procedures.
- Integration of artificial intelligence and data analytics: The integration of artificial intelligence (AI) and data analytics is becoming a prominent trend in intracranial pressure monitoring devices. AI algorithms and advanced analytics enable real-time data interpretation, predictive analysis, and personalized patient management, enhancing the overall efficiency and effectiveness of ICP monitoring.
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 Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global intracranial pressure monitoring devices market analysis, a growing demand for these devices is expected in the forecast period due to factors like increasing prevalence of brain injuries and neurological disorders, technological advancements, and rising awareness about the importance of accurate pressure monitoring. In terms of market segmentation, invasive techniques have been the dominant segment, offering accurate measurements by placing catheters inside the brain. However, non-invasive techniques are gaining traction due to their safer and less intrusive nature. The market is further divided into different geographical regions, with North America leading in terms of revenue share, followed by Asia Pacific with promising growth opportunities.
The global market for intracranial pressure monitoring devices is witnessing steady growth due to the rising prevalence of brain injuries and neurological disorders. Technological advancements, regional market dynamics, and the presence of key players contribute to the overall market landscape. The market analysis provides valuable insights into the market's current state, trends, challenges, and opportunities, helping stakeholders make informed decisions in this dynamic industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.60 Billion |
| Market size value in 2031 | USD 3.15 Billion |
| Growth Rate | 7.80% |
| 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 |
|
| 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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