Intracranial Pressure Monitors have elevated the clinical outcomes in patients suffering from various neurological diseases especially with invasive monitoring approach
" The global intracranial pressure monitoring market is expected to grow at a CAGR of 7.2% during the forecast period 2019–2025. "
Bangalore, India, March 30, 2020: With its recently published study “Global Intracranial Pressure Monitoring Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global intracranial pressure monitoring market is expected to grow at a steady rate, i.e., 7.2% CAGR, during the forecast period 2019–2025. An increase in the number of patients suffering from head injury, stroke, neurological disorders, and the rise in road accidents, which lead to severe brain injuries, have fuelled the overall growth of the global intracranial pressure monitoring market. Further, increasing awareness related to neurodegenerative diseases, technological innovations in brain monitoring devices, and the rising incidence of traumatic brain injuries are few of the key factors driving the market growth. Continuous monitoring of ICP has been recommended as an essential parameter for making therapeutic decisions for traumatic brain injury by The Brain Trauma Foundation (BTF), US, and American Association of Neurological Surgeons (AANS). These guidelines have played a pivotal role in escalating the usage and demand for ICP devices.
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Brain-specific monitoring enables the detection and prevention of secondary cerebral insults, especially in the injured brain, thereby preventing permanent neurological damage. Intracranial pressure (ICP) monitoring is widely used in various neurological, neurosurgical, and even medical conditions, both intraoperatively and in critical care, to improve patient outcomes. It is especially useful in patients with traumatic brain injury, as a robust predictor of cerebral perfusion, and can help to guide therapy and assess long-term prognosis. Minimally invasive neurosurgeries are significant contributors to the intracranial pressure monitoring market growth, as they include small incision, shortened hospital stay, muscle-sparing, and these are very much helpful for the patient to recover as much as quicker and experience less pain after the operation. Transcranial Doppler Ultrasonography, Tympanic Membrane Displacement, and Optic Nerve Sheath Diameter are few of the minimally invasive techniques used to measure ICP.
The overall market is segmented into product type, technology, application, end-users, and regions. Nowadays, treatment procedures have moved from invasive procedures to non-invasive procedures, as patients have changed their insistence on invasive devices. The global intracranial pressure monitoring market is highly fragmented; manufacturers are facing stiff competition and are compelled to stay updated with their customers to offer the latest devices. Non-invasive ICP monitor is available throughout the hospital and is inexpensive, accurate, simple, convenient to use, and mainly it is a less painful procedure.
An increase in the number of TBIs is expected to drive the demand for ICP monitoring. Traumatic brain injuries are caused due to severe damage that interrupts the normal function of the brain. TBI leads to approximately 50,000 deaths every year in the US. According to the CDC, nearly 475,000 cases of TBIs occur every year in children aged 0–14 years in the US. Increasing prevalence of other brain-related disorders such as Alzheimer’s disease, dementia, brain cancer, epilepsy, and other seizure disorders, mental disorders, Parkinson's disease, stroke, and transient ischemic attack is expected to propel the market growth.
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North America dominates the global intracranial pressure monitoring market due to the increased number of patients suffering from moderate-to-severe brain injury, well-established healthcare infrastructure, promising government initiatives, advanced technology, and increased TBI cases. Europe is projected to be the second-largest region in terms of revenue share owing to the presence of several competitive companies that provide a huge marketplace for various ICP monitors. Asia Pacific is anticipated to be the fastest-growing regional market for the intracranial pressure monitoring market due to the rising awareness about neurological disorders, an increase in purchasing power, and a rapid increase in the number of individuals with dementia and TBIs.
- By Product Type
- ICP Monitors
- By Technology
- Invasive ICP Monitoring
- Non-invasive ICP Monitoring
- By Applications Type
- By End-users
- Trauma Centers
- By Regions
- North America