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Intracranial-Pressure Monitoring Market

The global intracranial pressure monitoring market is mainly driven by the growing demand for noninvasive tools in the field of ICP monitoring and the increasing awareness about the importance of intracranial pressure monitoring in containing and managing neural and skeletal damage.

The Intracranial-Pressure Monitoring Market is anticipated to reach USD 4 billion by 2032 at 6.9% CAGR during the forecast period 2023-2032.

Intracranial Pressure Monitoring Market Trends and Analysis by Technique, By Methods, By Application, and by Region — Forecast till 2032.

Market Potential and Pitfalls

With the increasing incidences of neurovascular diseases like brain aneurysm and arteriovenous malformations, the global intracranial pressure (ICP) monitoring market is predicted to foster during the forecast period. The increased expenditure on healthcare coupled with the strong demand for therapeutics is some of the chief factors propelling the market growth across the globe. The market is slated to exhibit a sturdy growth rate owing to the introduction of favorable reimbursement policies which aim towards the betterment of the public. Moreover, the surging biotechnology sector is likely to cause a shift in the sector and result in the growth of ICP monitoring market.

With the emergence of advanced ICP monitoring devices, the limitations of earlier devices like leveling and de-bubbling of fluid-filled systems and shift in baseline pressure have been eliminated. Advanced monitors enable surgeons to monitor a patient closely and offer effective treatment. The non-invasive ICP monitoring methods do not measure absolute ICP. Therefore, the validation and development of non-invasive intracranial pressure which is capable of measuring absolute ICP device will create great opportunities for the growth of the ICP monitor market. The rising prevalence of stroke and traumatic surgeries has highly influenced the intracranial pressure monitoring market across the globe. Moreover, the upswing in cases of brain surgeries in adults as well as children has triggered the demand for ICP monitors.

On the contrary, high procedural costs of such devices coupled with the dearth of skilled personnel are some of the concerns anticipated to deter the market growth in the coming years.

Major Key Players:

Leading players in the global Key Market Players are DePuy Synthes, Terumo Corporation, Spiegelberg GmbH & Co. KG, RAUMEDIC Inc., Boston Neurosciences, Medtronic plc, Integra LifeSciences Corporation, Sophysa SA, and Natus Medical Inc.

Segment Analysis

The global intracranial pressure (ICP) monitoring market report can be segmented on the basis of route of intervention, technique, device, application, end user, and region.

By route of intervention, the global intracranial pressure monitoring market is segmented into intraventricular and epidural sensor.

By technique, the market is segmented into invasive and non-invasive. The former is segmented into microtransducer ICP monitoring and external ventricular drainage (EVD), while the latter is sub-segmented into transcranial doppler ultrasonography, tympanic membrane displacement (TMD) analyzer, optic nerve sheath diameter sonography, fundoscopy (papilladema), and MRI/CT.

Devices offered in the intracranial pressure monitoring market include intraventricular catheter, subarachnoid screw, epidural sensors, and non-invasive ICP monitors.

Key applications include traumatic brain injury, intracerebral hemorrhage, subarachnoid hemorrhage, and meningitis.

Major end users of ICP monitoring include hospitals & clinics and trauma centers.

Regional Analysis

Americas held a dominant 41.4% share in the global intracranial pressure monitoring device market in 2017 and are likely to hold on to the lead in the global intracranial pressure monitoring market over the forecast period due to the increasing demand for effective intracranial pressure monitoring devices in North America. Widespread awareness about the importance of intracranial pressure monitoring in North America, particularly the U.S. and Canada, is likely to remain a major driver for the intracranial pressure monitoring market in the Americas over the forecast period. Intracranial pressure monitoring is mainly used in the management of brain trauma and skeletal hemorrhage. The rising prevalence of both these target conditions in North America is likely to remain a major driver for the intracranial pressure monitoring market in the region over the forecast period.

Europe is also likely to hold a significant share in the global intracranial pressure monitoring market over the forecast period due to the increasing awareness about the process and the relevance of the monitoring in medical diagnosis and trauma management. Intensive efforts at trauma control and management in European countries are likely to be a major driver for the intracranial pressure monitoring market in the region over the forecast period. The growing demand for noninvasive intracranial pressure monitoring tools in Europe and North America is also likely to be a major driver for the market, as the healthcare sector in these advanced regions is transitioning towards noninvasive medical tests, leading to a corresponding increase in the demand for noninvasive tools and technologies from the medical devices sector. Despite the increasing awareness about the inefficacy of noninvasive testing in intracranial pressure monitoring, the demand for product innovations aiming at making noninvasive intracranial pressure monitoring more accurate and on par with invasive monitoring is likely to remain a major driver for the intracranial pressure monitoring market in North America and Europe over the forecast period.

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