Global Intracranial Pressure Monitoring Devices Market Forecast Report to 2028, Featuring Integra LifeSciences, Medtronic, IRRAS, RAUMEDIC, Vivonics, Brain4Care, Luciole Medical& TKB - ResearchAndMarkets.com

The "Global Intracranial Pressure Monitoring Devices Market: Analysis By Type, By Offerings, By Application, By End User, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.

The global Intracranial pressure (ICP) monitoring device market value stood at US$1.68 billion in 2022, and is expected to reach US$2.52 billion by 2028.

Global intracranial pressure monitoring devices market demonstrated a consistent growth, primarily driven by increasing recognition of the impact of traumatic brain injuries on public health, heightening per capita income, increasing awareness about the importance of monitoring ICP levels among healthcare professionals, rapidly expanding geriatric population, increasing prevalence of neurodegenerative disorders, rising demand of ICP monitoring in intensive care, increasing awareness about the importance of strengthening healthcare infrastructure after COVID-19 pandemic, and rising government initiatives to raise awareness among patients regarding neurological disorders and their early diagnosis for proper management, among others, etc.

The market is expected to grow at a CAGR of 7% over the projected period of 2023-2028.

Market Segmentation Analysis:

Market Segmentation by Type:

• The market is divided into two segments: invasive and non-invasive. Invasive monitoring is the largest segment due to various factors, including trauma cases, sleep disorders, brain aneurysms, and the adoption of ICP-guided therapy.
• Non-invasive monitoring is the fastest-growing segment, driven by the demand for minimally invasive treatments, patient preferences for non-invasive procedures, and emerging applications in different healthcare settings.

Market Segmentation by Offerings:

• The market is categorized into three segments: products and systems, solutions and platforms, and services.
• Products and systems is the largest segment, driven by the increasing incidence of neurological disorders, the essential nature of monitoring devices, and rising healthcare expenditure.

Market Segmentation by Application:

• The market is segmented into seven applications, with traumatic brain injury being the largest segment.
• Traumatic brain injury's prominence is attributed to increasing cases due to road accidents, the critical role of ICP monitoring in TBI treatment, growing awareness, and ongoing technological advancements.

Market Segmentation by End User:

• End users include hospitals, clinics, ambulatory surgical centers, and others.
• Hospitals are the largest segment due to the increasing prevalence of neurological disorders, the availability of resources for advanced monitoring devices, and the focus on patient safety and care quality.

Market Dynamics - Growth Drivers:

• Factors contributing to market growth include the rising number of traumatic brain injuries, an aging population, demand for minimally invasive surgeries, increasing awareness among healthcare professionals, and the prevalence of neurological diseases.
• Medical societies and organizations emphasize the importance of ICP monitoring in specific clinical scenarios.

Market Dynamics - Challenges:

• Challenges include the high risk and complications associated with invasive ICP monitoring procedures and the high cost of monitoring devices.
• Invasive procedures can lead to complications such as bleeding, infections, malpositioning, and brain hemorrhage, posing risks to patients.
• The cost of ICP monitoring devices can limit their affordability, particularly in developing countries.

Market Trends:

• Trends in the market include the integration of AI and cloud computing technologies, research on non-invasive ICP monitoring devices, technological advancements, and a focus on remote patient monitoring systems.
• Recent innovations in ICP monitoring devices enhance accuracy and reliability, and AI technologies are used for data analysis, pattern recognition, predictive analysis, and personalized treatment plans.

Competitive Landscape:

The global intracranial pressure monitoring market is moderately fragmented, with increasing number of large and medium sized players striving to gain a significant market share. Major companies in the market have been implementing both organic (such as launches, expansion, and product approvals) and inorganic development strategies (such as product launches, partnerships, and collaborations) to expand their product portfolio and gain competitive edge.

The competitive landscape of the market is characterized by intense competition, technological advancements, and a growing emphasis on patient-centric care. New and inexpensive products are being introduced by top companies in the intracranial pressure monitoring devices market to flourish in unexplored regions & help the industry expand.

The key players of the global intracranial pressure monitoring market are:

• Integra LifeSciences Holdings
• Medtronic PLC
• IRRAS AB
• RAUMEDIC AG
• Vivonics Inc.
• Brain4Care
• Luciole Medical
• TKB Corporation
• ARCHIMED

Key Topics Covered:

1. Executive Summary

2. Introduction

2.1 Intracranial Pressure Monitoring Devices: An Overview

2.1.1 Definition of Intracranial Pressure Monitoring Devices

2.1.2 Types of Intracranial Pressure Monitoring Devices

2.2 Intracranial Pressure Monitoring Devices Segmentation: An Overview

2.2.1 Intracranial Pressure Monitoring Devices Segmentation: An Overview

3. Global Market Analysis

3.1 Global Intracranial Pressure Monitoring Devices Market: An Analysis

3.2 Global Intracranial Pressure Monitoring Devices Market: Type Analysis

3.3 Global Intracranial Pressure Monitoring Devices Market: Offerings Analysis

3.4 Global Intracranial Pressure Monitoring Devices Market: Application Analysis

3.5 Global Intracranial Pressure Monitoring Devices Market: End User Analysis

4. Regional Market Analysis

4.1 North America Intracranial Pressure Monitoring Devices Market: An Analysis

4.2 Asia Pacific Intracranial Pressure Monitoring Devices Market: An Analysis

4.3 Europe Intracranial Pressure Monitoring Devices Market: An Analysis

4.4 Rest of the World Intracranial Pressure Monitoring Devices Market: An Analysis

5. Impact of COVID-19

5.1 Impact of COVID-19 on Intracranial Pressure Monitoring Devices Market

5.2 Post COVID-19 Impact on Intracranial Pressure Monitoring Devices Market

6. Market Dynamics

6.1 Growth Drivers

6.1.1 Increasing Number of Traumatic Brain Injury (TBI)

6.1.2 Aging Population

6.1.3 Growing Demand For Minimally Invasive Surgeries

6.1.4 Increasing Awareness among Healthcare Professionals

6.1.5 Rising Prevalence Of Neurological Diseases

6.2 Challenges

6.2.1 High Risk And Complications Associated With ICP Monitoring Devices

6.2.2 High Intracranial Pressure (ICP) Monitoring Cost

6.3 Market Trends

6.3.1 Increasing Integration of AI and Cloud Computing Technologies

6.3.2 Growing Research On Non-invasive ICP Monitoring Devices

6.3.3 Ongoing Technological Advancements

6.3.4 Increased Focus On Remote Patient Monitoring Systems

7. Competitive Landscape

7.1 Global Intracranial Pressure Monitoring Devices Market: Competitive Landscape

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/16lvbs

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