SEATTLE, March 15, 2021, (MEDGADGET) — Intracranial pressure is the pressure inside the skull that might increase due to rise in pressure of cerebrospinal fluid or due to rise in pressure within the brain. It could also increase due to brain tumor, fluid around the brain or bleeding into the brain, or swelling within the brain. This increased intracranial pressure can be observed in hepatic encephalopathy, head trauma, hydrocephalus, and cerebral edema. Increased intracranial pressure can lead to death in neurosurgical patients or it may cause cerebral ischemia. Furthermore, rapid recognition and monitoring of elevated intracranial pressure is important, to avoid this circumstance. Elevated intracranial pressure can be measured, either clinically or quantitatively.
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Market Dynamics
Growing population with the neurological disorders globally is certainly driving the intracranial pressure monitoring devices market
Increasing number of neurological disorders and traumatic accidents are expected to drive growth of the global intracranial pressure monitoring devices market during the forecast period. According to the United Nations data of 2007, around 1 billion people, that is, 1 in every 6 of the world’s population suffered from neurological disorders, epilepsy, Alzheimer’s, strokes, multiple sclerosis and migraines. Moreover, according to Centers for Disease Control and Prevention (CDC), around 2.5 million cases of traumatic accidents are recorded in the U.S., which leads to brain infection, meningitis, and aneurysm. This is expected to increase the demand for intracranial pressure monitoring devices during the forecast period. Moreover, different governments are taking proactive initiatives such funding, in order to improve health care sector is expected to drive the global intracranial pressure monitoring devices market growth.
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Market Dynamics- Restraints
However, high cost associated with monitoring devices and lack of skilled professionals for handling these devices are expected to hinder growth of the global intracranial pressure monitoring devices market. Intracranial pressure monitoring devices, which are mostly used today are with certain limitations hence the development and validation of intracranial pressure monitors that would measure absolute intracranial pressure is expected to create the opportunity in intracranial pressure monitoring market.
External ventricular drainage segment holds the largest share in the intracranial pressure monitoring devices market due to its accurate measurement of intracranial pressure
The global intracranial pressure monitoring devices market is segmented by product, by application, by end users and by regions
On the basis of product type, intracranial pressure monitoring devices market is segmented into
- Invasive
- External ventricular drainage
- Microtransducer ICP monitoring devices
- Fiber Optic devices
- Microchips
- Others
- Non invasive
- MRI/CT
- Transcranial Doppler Ultrasonography
- Tympanic membrane displacements
- Fundoscopy
- Others
On the basis of applications, intracranial pressure monitoring devices market is segmented into
- Traumatic brain injury
- Intracerebral hemorrhage
- Meningitis
- others
On the basis of end users, intracranial pressure monitoring devices market is segmented into
- Hospitals
- Clinics
- Private medical offices
- Trauma centers
- Government and research organizations
- Others
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Growing awareness regarding neurodegenerative diseases is expected to propel the growth of global intracranial pressure monitoring devices market
Regional segmentation of intracranial pressure monitoring devices market by Coherent Market Insights comprises of North America, Latin America, Europe, Africa, Asia Pacific, and The Middle East. Among regions, North America is expected to witness significant growth during the forecast period, owing to increasing cases of brain trauma injuries. According to Centers for Disease Control and Prevention (CDC) in U.S, there are around 2 to 3 million Traumatic Brain Injury (TBI) cases registered every year. Moreover, increasing proactive government initiatives is expected to generate the awareness about the neurodegenerative disorders, which will drive the market growth in the near future.
Competitive Landscape
Mergers & acquisitions are supporting the industry players to obtain the maximum share in intracranial pressure monitoring devices market
Key players operating the global intracranial pressure monitoring devices market includes Codman & Shurtleff Incorporated, Sophysa, Gaeltec Devices Limited, Integra Lifesciences Co., Raumedic AG, VITTAMED, Orsan Medical Technologies, Haiying Medical, and others.
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