Intracranial Pressure Monitoring Devices Market : Size, Growth, Regional Analysis, And Market Analysis



Intracranial pressure (ICP) monitoring device:

Intracranial pressure (ICP) monitoring device is a vital tool for diagnosing and treating neurological conditions such as intracerebral and subarachnoid hemorrhage, ischemic stroke, hydrocephalus, meningitis/encephalitis, and traumatic brain injury (TBI). In the critical treatment of hydrocephalus, traumatic brain injuries, and related cerebral illnesses, ICP monitoring has proven effective and has even saved lives. The rising occurrence of traumatic injuries and neurological illnesses is expected to propel the worldwide intracranial pressure monitoring devices market forward.

Market Growth:

The Intracranial Pressure Monitoring Devices Market is expected to reach $1.4 billion in 2019, with a CAGR of 6.4 per cent from 2020 to 2025. ICP monitoring devices are commonly used to diagnose a rise in intracranial pressure due to the presence of cerebrospinal fluid (CSF), which can be caused by trauma, meningitis, or hemorrhage. Furthermore, according to Neurology India, India sees millions of trauma injury patients each year. Aside from that, people's growing worry about their health is propelling industry expansion. Drainage Catheters have dominated the ICP monitoring device market due to their accuracy and reliability, as they have the potential to reduce intracranial pressure by emptying CSF fluid from the skull.


Shortly, growth in the development of many invasive and non-invasive approaches to monitor intracranial pressure (ICP) is projected to provide lucrative prospects for intracranial pressure monitoring device producers. Low-cost, easy-to-use, dependable, and exact measurement of the pressure inside the brain, on the other hand, are some of the factors projected to drive demand for intracranial pressure monitoring devices throughout the projection period.


Regional Analysis:

According to the region, North America held the largest market share in 2018, accounting for almost one-third of the global intracranial pressure monitoring devices market, and will continue to do so during the forecast period. This is primarily owing to the region's early adoption, considerable purchasing power, and extensive availability of innovative technologies. On the other hand, Asia Pacific is expected to increase at the fastest rate of 5.5 percent from 2019 to 2026. It is a profitable area as healthcare infrastructure develops and people become more aware of the importance of healthcare.


Key Players:

Key players operating the intracranial pressure monitoring devices market comprises Codman & Shurtleff Incorporated, Sophysa, Gaeltec Devices Limited, Integra Lifesciences Co., Raumedic AG, VITTAMED, Orsan Medical Technologies, Haiying Medical, and others.


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