Global Intra-cranial pressure (ICP) Monitor Market information, by techniques (invasive and non-invasive), by methods (intra-ventricular catheter, subdural screw, epidural sensor) by application (traumatic brain injury, intra-cerebral hemorrhage, meningitis and others), Forecast till 2027

Market Overview

According to a new report by Market Research Future (MRFR), the global intracranial pressure monitor market is anticipated to witness a staggering CAGR during the forecast period (2018-2024) owing to the growing neurological disorders. Intracranial Pressure (ICP) monitoring is majorly used in hospitals for treating patients suffering from meningitis, brain injury, and intracerebral hemorrhage. Multiple ICP products such as CSF drainage, Surgical Instruments, Hydrocephalus, and IAP-Monitoring, are used in hospitals.

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Future Constraints and Drivers Affecting the Market Growth

Prevalence of neurological disorders, increasing global incidence, technological advancements in brain monitoring devices, growing awareness about neurodegenerative diseases, and growing incidence of traumatic brain injuries are some of the major factors affecting the market growth positively. Besides, the growing number of patients suffering from severe brain diseases leading to high intracranial pressure is also predicted to spur the market growth globally.

With the advent of advanced ICP devices, limitations of earlier devices such as de-bubbling and leveling of fluid-filled systems, and a shift in the baseline pressure is being eliminated. Advanced monitors help surgeons to monitor the patients and offer effective treatment. Most of the monitors used are of invasive type and have serious limitations in its usage. The non-invasive ones do not measure absolute ICP. Therefore, validation and development of non-invasive ICP capable of monitoring absolute ICP will be a great opportunity for the ICP monitor market.

Meanwhile, unfavorable reimbursement policies, high cost associated with complex brain monitoring devices, the absence of trained professionals, and concern related to the accuracy of diagnostic devices are some of the prime bottlenecks of the market.

Global Intracranial Pressure Monitoring Market Segmentation

The global market for intracranial pressure monitoring has been segmented on the basis of market, method, instrument, end-users, application, and region.

The market has been segmented into invasive and non-invasive based on method. Among these, the invasive ICP monitoring market dominated the global market for ICP. Invasive ICP is performed by inserting a catheter into a skull of a person and is majorly used in trauma centers and hospitals.

The market has been segmented into strain gauge transducer, air-pouch device market, external ventricular drain, and fiber optic monitor, based on market.

The market has been segmented into accessories and devices based on instruments.

The market has been segmented into Traumatic Brain Injury, Meningitis, Intracerebral Hemorrhage, and Subarachnoid Hemorrhage based on application. Among these, the traumatic brain injury has accounted for the largest market share due to its vast prevalence over the years.

The market has also been segmented into hospitals, trauma centers, clinics, and diagnostic laboratories based on end-users.

North America Anticipated to Dominate the Market

Geographically, the market has been spanned across Europe, North America, Asia Pacific, Middle East, and Rest-of-the-World (RoW).

Owing to the huge number of traumatic brain injury cases, North America is anticipated to dominate the market globally. With the increasing need for continuous ICP monitoring for patients and an increasing number of Traumatic Brain Injury (TBI) are the major factors propelling the market growth in this region. Moreover, the increasing awareness related to neurodegenerative diseases and government initiatives are also spurring the market growth over the forecast period in this region. Moreover, presence of large patient tool, increased healthcare infrastructure, and high adoption of advanced ICP monitoring devices are fuelling the market growth.

Asia is predicted to show the highest growth rate owing to increasing neurological complication and government initiatives for raising awareness among people about neurological complication and its treatment is driving the market in this region. Moreover, India, China, and Japan are projected to be the highest developing markets for intracranial pressure devices.

Industry News

Branchpoint Technologies announced that the United States Food and Drug Administration had granted 510 k clearance for its AURA ICP Monitoring System. The AURA ICP Monitoring System includes a fully implantable and wireless intracranial pressure sensor that enables truly mobile ICP monitoring in brain-injured patients. this system enables continuous telemetric monitoring of parenchymal ICP and includes continuous ICP waveforms, thus eradicating the need for additional capital equipment investments.

Competition Analysis

The prominent players operating the global market for intracranial pressure monitoring market are Advanced Brain Monitoring (U.S.), Electrical Geodesics Incorporated (U.S.), Medtronic Inc. (Ireland), CAS Medical Systems Inc. (U.S.), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), Natus Medical Inc. (U.S.), Nihon Kohden Corporation (Japan), Compumedics Ltd. (Australia), and GE Healthcare (U.K.).

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