Global Intracranial Pressure Monitoring Market By Product Type (ICP Monitors, Transducers, and Consumables), By Technology (Invasive ICP Monitoring and Non-invasive ICP Monitoring), By Application (TBI, Meningitis, SAH, ICH, Others), By End-users (Hospitals and Trauma Centers), and By Region (North America, Europe, Asia Pacific, Rest of the World) – Forecast up to 2025 March, 2020

Global Intracranial Pressure Monitoring Market: By Product Type (ICP Monitors,

Transducers, and Consumables), By Technology (Invasive ICP Monitoring and

Non-invasive ICP Monitoring), By Application (TBI, Meningitis, SAH, ICH,

Others), By End-users (Hospitals and Trauma Centers), and By Region (North

America, Europe, Asia Pacific, Rest of the World) – Forecast up to 2025

This market research report includes a detailed segmentation of the global intracranial

pressure monitoring market by product type (ICP monitors, transducers, and

consumables), by technology (invasive ICP monitoring and non-invasive ICP monitoring),

by application (TBI, meningitis, SAH, ICH, others), by end-users (hospitals and trauma

centers), and by regions (North America, Europe, APAC, and RoW).

Research Overview

IHR Insights predicts that the global intracranial pressure monitoring market will

grow at a CAGR of 7.2% during the forecast period 2019–2025. 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. Newer fiber-

optic catheter tip and microchip transducer techniques have revolutionized ICP

monitoring, with the ease of insertion in patients with narrow ventricles, and reduced

risk of infection and hemorrhage. Furthermore, non-invasive methods of ICP monitoring,

such as transcranial Doppler, optic nerve sheath diameter, etc., have emerged as

promising techniques and thus increasing the market growth. ICP monitoring, which is a

part of multi-modality neuromonitoring, is a useful tool in the armamentarium of the

neuro-intensivist in decreasing morbidity and mortality of critically ill neurological

patients.

The government bodies have launched the Neuroscience Initiative, to understand the

effects of brain disorders on health and to channelize the knowledge into innovative

solutions for patient care. In the brain monitoring device market, wireless devices are

more innovative and are affordable, comfortable to wear, and are easy to operate, and

the market is expected to grow at more than 6.9% CAGR in forecast years. The brain

monitoring device market is propelled by the key factors, such as the growing

prevalence of various neurological disorders, raising awareness to the patients about

available treatments, continuous technological advancements, and R&D investments in

the field of neurology.

In the intracranial pressure monitoring market, the vendors are coming up with

innovative technological advancements and innovative technologies to develop next-

generation products. These advancements in technology help physicians to remotely

monitor patients who have undergone brain surgeries. The presence of such next-

generation product advancements in technology will boost the sales of intracranial

pressure monitoring systems during the forecast period. A wireless ICP monitoring

system with an accurate and longest operating miniature implant is suitable for both

adults and children. It features increased advantages over conventional systems such as

ease of insertion and removal. Advanced remote patient monitoring techniques assist

doctors to examine multiple patients simultaneously.

•Technologicaladvancementsandtheemergenceofnon-invasiveICPmonitorsinthemarkethaveledtothedevelopmentofnext-generationproductsanddealwiththeeasyandsmoothflowofoperations•IncreaseddemandforwirelessmonitorsandsophisticatedhealthcareinfrastructureOpportunities

Risk•ComplicationsandrisksassociatedwiththeICPmonitoringdevicesareamajorthreattothemarket•Lowpenetrationrateinemergingcountriesandintensecompetitionamongvendorswillrestrainthemarketgrowth

Drivers•Increasingincidenceofneurologicaldisorders•GrowingpopularityofMIneurosurgeries•Growingprevalenceoftraumaticbraininjuries

Market dynamics

•Theburdenofneurologicaldisordershasincreasedsubstantiallyoverthepast25yearsbecauseofthegrowingpopulationandaging,despiteconsiderabledecreaseinmortalityratesfromstrokeandcommunicableneurologicaldisorders.•Anewnon-invasivesystemforcontinuousmonitoringofICPthroughforehead-mountedprobeisdeveloped.Thenon-invasivemonitorsreducethesignificantriskofsideeffectsandthecostofmonitoring.CAGR of 7.2%: 2019–2025

CAGR -12.59%

According to the analysis, North America is in the leading position and holds the highest

share of the market, followed by Europe and Asia Pacific. Further, the manufacturers are

developing devices with advanced technologies to expand the intracranial pressure

monitor market. As a result, the ICP monitor market is escalating on the global platform.

In developing countries, governments are continuously investing a considerable amount

of funds in improving patient-centered care, safety, and efficiency. The growing geriatric

population, rising prevalence of head injuries, and rapid growth in foreign investments

are projected to be witnessed over the forecast period in the developing nations of Asia

Pacific and the Middle Eastern region.

Segmentation by Product Type:

 ICP Monitors

 Transducers

 Consumables

ICP monitor is the leading segment in the global intracranial pressure monitoring market

with maximum revenue generation. Intracranial pressure monitor (ICP) is a device used

to measure the swelling inside the head and plays a vital role in managing a variety of

acute and chronic intracranial pathologies. The increased demand for ICP monitors owing

to the new healthcare settings globally contributed to the dominance of this segment. An

increasing number of road accidents and the largest patient pool of the neurological

disorders are significantly increasing the share of ICP monitors.

Segmentation by Technology:

 Invasive ICP Monitoring

 Non-invasive ICP Monitoring

Globally, non-invasive procedures have more demand, as they are patient-friendly

procedures. Infections and hemorrhagic complications are majorly associated with

invasive monitoring modalities and have been responsible for driving a lot of advanced

technology search for non-invasive modalities. Overall, the non-invasive ICP monitoring

is a better procedure than invasive ICP monitoring procedures.

Segmentation by Application:

 TBI

 Meningitis

 SAH

 ICH

 Others

Traumatic brain injuries are significant public health, medical, and societal challenges

and are the leading cause of disability and socioeconomic losses globally. TBI affects all

the ages but predominately affects the young male population. In this application

segment, TBI holds the major share and is expected to continue the same in the

upcoming years.

Segmentation by End-users:

 Hospitals

 Trauma Centers

The end-users are the major consumers defining the stability, economy, and growth of

the market. The intracranial pressure monitoring market is segmented based on the

end-users as hospitals and trauma centers. The hospitals segment holds the major share

of the market and is expected to reach the highest CAGR during the forecast period.

Trauma centers are expected to increase the market share in the upcoming years.

Segmentation by Region:

 North America

 Europe

 APAC

 RoW

The regions covered in the report include North America, Europe, Asia Pacific, and Rest

of the World. North America is set to be the leading region in the global intracranial

pressure monitoring market due to the presence of the largest product portfolio with the

presence of established vendors, followed by Europe. Asia Pacific is the most focused

and the fastest-growing region due to enormous opportunities for market players to

establish their presence, and RoW is set to be the emerging region.

Competitive Analysis - The global intracranial pressure monitoring market is highly

fragmented and has immense growth opportunities for vendors, especially in the

developing regions. The market experiences the participation of many global, regional,

and local players who are competing fiercely to gain a strong foothold as the top vendor.

The competitive environment in the market will intensify with an increase in

product/service extensions, product innovations, and M&A.

Key Vendors:

 Codman & Shurtleff

 Medtronic plc

 Integra Lifesciences

 Natus Medical

Key Competitive Facts:

 The market is highly competitive, with all the players competing to gain the

market share. Intense competition, rapid advancements in technology, frequent

changes in government policies, and price are key factors that confront the

market.

 Strict government regulations and high cost of products hinder the entry of new

players, and many players have a commendable share in the market.

 The emergence of non-invasive and increased application of TBI cases is expected

to boost the overall market growth.

 The government is investing more to create awareness related to

neurodegenerative diseases.

 Reimbursement policies are helping key players to develop new advancements in

the ICP monitoring system.

 Responding to competitive pricing pressures specific to each of the geographic

markets.

Benefits - The report provides complete details about the usage and adoption rate of

intracranial pressure monitors. Thus, the key stakeholders can know about the major

trends, drivers, investments, vertical player’s initiatives, and government initiatives

toward the medical devices segment in the upcoming years along with details of the

pureplay companies entering the market. Moreover, the report provides details about the

major challenges that are going to impact the market growth. Additionally, the report

gives complete details about the key business opportunities to stakeholders in order to

expand their business and capture the revenue in specific verticals and to analyze before

investing or expanding the business in this market.

Key Takeaways:

 Understanding the potential market opportunity with precise market size and

forecast data.

 Detailed market analysis focusing on the growth of the intracranial pressure

monitoring market globally.

 Factors influencing the growth of the intracranial pressure monitoring market.

 In-depth competitive analysis of dominant and pureplay vendors.

 Prediction analysis of the intracranial pressure monitoring industry across