Global Intracranial Pressure Monitoring Device Market by Types (Equipment and Service), Techniques (Invasive [External Ventricular Drainage (EVD) and Microtransducer ICP Monitoring) and Non-invasive [Transcranial Doppler Ultrasonography, Tympanic Membrane Displacement (TMD), Optic Nerve Sheath Diameter, MRI/CT, Fundoscopy (papilledema)]), Applications (Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage, Idiopathic Intracranial Hypertension, and Others), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Intracranial Pressure Monitoring Device Market Outlook
The global Intracranial Pressure Monitoring Device market was valued at USD 549.4 billion in 2020 and is projected to reach USD 897.4 billion by 2028, expanding at a CAGR of 6.8% during the forecast period. Intracranial Pressure Monitoring Device is used in applications such as traumatic brain injury, intracerebral hemorrhage, meningitis, subarachnoid hemorrhage, and other applications.
The demand for intracranial pressure monitoring device is driven by the growing awareness about ICP monitoring, rising incidence of neurovascular disorders.
Intracranial Pressure (ICP) monitoring is used for determining the pressure inside the brain and cranium, caused by trauma, head surgery, severe brain injury, brain infection, or other diseases. Intracranial Pressure (ICP) monitoring is a function of volume and accordance between every component of intracranial compartment. The skull is a semi rigid box, made of brain, blood, and cerebrospinal fluid (CSF), which are lightly fitted for cresting a mildly positive pressure called as ICP.
Intracranial pressure monitoring devices are used for determining the pressure inside the brain and cranium caused by trauma, brain infection, or other diseases. The market in regions such as Asia Pacific and North America is projected to grow, due to increasing research activities along with well-structured health care system.
There is a small space left for swelling, as the brain is covered by the skull. When the brain swells, pressure increases inside the skull. Higher pressure than normal results into brain damage. 0-10 mm Hg is normal ICP and anything more than 20mm Hg is fatal. ICP monitoring has substantial diagnostic and post-operative importance for patients with cranial injury cases such as hydrocephalus, trauma, stroke, or as a result of neurosurgery.
Intracranial Pressure Monitoring Device Market Dynamics
Increasing initiatives taken by governments and other regulatory bodies for research, increasing adoption of intracranial pressure monitoring devices, and rising R&D activities are the key trends in the market. The global intracranial pressure monitoring device market is expected to expand at a significant CAGR during the forecast period, due to increasing occurrence of neurological disorders and traumatic accidents as well as rising government initiatives and encouragement.
Technological advancements and rising development in the global medical devices market are expected to drive the global intracranial pressure monitoring device market. People suffering from brain tumor or hydrocephalous need intracranial pressure monitoring. There are different types of ICP devices such as anatomic site of placement and the manner in which the pressure record is transduced. ICP monitoring techniques includes invasive and non-invasive techniques.
Non-invasive techniques include imaging modalities such as tympanic membrane displacement, MRI, optic nerve sheath diameter, and Transcranial Doppler ultrasonography. Invasive techniques includes lumbar puncture. In North America, more than 1.75 million traumatic brain injuries occur annually. ICP monitoring devices aid specialists to save lives of these patients with appropriate treatment.
Growing significance of intracranial pressure monitoring devices is expected to boost the market in the coming years. Prevention of permanent neurological damage, due to use of intracranial pressure monitoring devices, leads to significant growth in the market. Increased intracranial pressure causes death in head injury patients and neurosurgical patients.
Increasing government initiatives in the research and development sector of medical devices is anticipated to propel the intracranial pressure monitoring devices market. Governments of many countries are spending large amounts in the development of technologically advanced systems, which is expected to drive the market. Different countries are taking several initiatives for generating awareness about head injuries, which fuels the market.
In emerging economies, governments are constantly increasing the expenditure for improving patient-centered care, safety, and efficiency, which is estimated to drive the market.
Rapid technological advancement leads to the evolution of multiple modality devices, which is projected to boost the market over the forecast period. Latest techniques includes telemetric ICP probes, which are inserted in the brain for monitoring ICP in many neurosurgical procedures. Innovative ICP monitoring devices are removing restrictions of devices such as leveling and de-bubbling of fluid-filled systems and spontaneous shift in baseline pressure. Advanced types of monitors aid surgeons for monitoring patients closely and give efficient treatment, which is estimated to drive the market in the coming years.
Intracranial Pressure Monitoring Device Market Segmental Outlook
Based on types, the Intracranial Pressure Monitoring Device market is divided into equipment and service. The equipment segment held 85% value share of the market in 2020. The segment is projected to account for the largest share of the market during the forecast period. In terms of revenue, the equipment and service segments were valued at USD 469.2 Mn and USD 80.2 Mn, respectively, in 2020.
Furthermore, the service segment is anticipated to expand at a lucrative CAGR of 6.2% between 2021 and 2028. The Y-o-Y growth of the service segment was improved by 2.73% due to the onset of COVID-19 pandemic between 2020 and 2021.
On the basis of by technique, the market is divided into invasive and non-invasive. The invasive segment held 86% value share of the market in 2020. The segment is projected to account for the largest share of the market during the forecast period. In terms of revenue, the invasive and Non-invasive segments were valued at USD 473.5 Mn and USD 75.9 Mn, respectively, in 2020.
Furthermore, the Non-invasive segment is anticipated to expand at a lucrative CAGR of 7.5% between 2021 and 2028. The Y-o-Y growth of the Non-invasive segment was improved by 3.92% due to the onset of COVID-19 pandemic between 2020 and 2021.
In terms of applications, the Intracranial Pressure Monitoring Device market is classified as traumatic brain injury, intracerebral hemorrhage, meningitis, subarachnoid hemorrhage, idiopathic intracranial hypertension, and others. The traumatic brain injury segment held 41% value share of the market in 2020. The segment is projected to account for the largest share of the market during the forecast period.
In terms of revenue, the traumatic brain injury and intracerebral hemorrhage segments were valued at USD 224.3 Mn and USD 100.8 Mn, respectively, in 2020. Furthermore, the intracerebral hemorrhage segment is anticipated to expand at a lucrative CAGR of 6.8% between 2021 and 2028. The Y-o-Y growth of the idiopathic intracranial hypertension (IIH) segment was improved by 2.35% due to the onset of COVID-19 pandemic between 2020 and 2021.
Intracranial Pressure Monitoring Device Market Regional Outlook
On the basis of regions, the Intracranial Pressure Monitoring Device market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America segment held 38% value share of the market in 2020. The segment is projected to account for the largest share of the market during the forecast period.
In terms of revenue, the North America and Europe segments were valued at USD 210.2 Mn and USD 163.5 Mn, respectively, in 2020. Furthermore, the Europe segment is anticipated to expand at a lucrative CAGR of 7.0% between 2021 and 2028. The Y-o-Y growth of the Middle East & Africa segment was impeded by -0.57% due to the impact of COVID-19 pandemic between 2020 and 2021.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global Intracranial Pressure Monitoring Device market
- Historical, current and projected market size in terms of value (USD million)
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global Intracranial Pressure Monitoring Device market performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intracranial Pressure Monitoring Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Intracranial Pressure Monitoring Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intracranial Pressure Monitoring Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Intracranial Pressure Monitoring Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Intracranial Pressure Monitoring Device Market Size & Forecast, 2018-2028
4.5.1 Intracranial Pressure Monitoring Device Market Size and Y-o-Y Growth
4.5.2 Intracranial Pressure Monitoring Device Market Absolute $ Opportunity
4.6 Global Intracranial Pressure Monitoring Device Market - Impact of Key Regulations
4.7 Technological Landscape
4.8 Pipeline/Clinical Trial Analysis
4.9 High & Low ICP Scenario
4.10 Recent Commercial Strategies
4.11 Invasive Intracranial Pressure Monitoring technique: Advantages, Limitations, and Risks
4.12 Non-invasive ICP Monitoring – Advantages and Disadvantages
4.13 Traumatic Brain Injury: Global Overview
Chapter 5 Global Intracranial Pressure Monitoring Device Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Intracranial Pressure Monitoring Device Market Size Forecast By Types
5.2.1 Equipment
5.2.2 Service
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Intracranial Pressure Monitoring Device Market Analysis and Forecast By Techniques
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Techniques
6.1.2 Basis Point Share (BPS) Analysis By Techniques
6.1.3 Absolute $ Opportunity Assessment By Techniques
6.2 Intracranial Pressure Monitoring Device Market Size Forecast By Techniques
6.2.1 Invasive
6.2.1.1 External Ventricular Drainage
6.2.1.2 Microtransducer ICP Monitoring
6.2.2 Non-invasive
6.2.2.1 Transcranial Doppler Ultrasonography
6.2.2.2 Tympanic Membrane Displacement
6.2.2.3 Optic Nerve Sheath Diameter
6.2.2.4 Magnetic Resonance Imaging&Computer Tomography
6.2.2.5 Fundoscopy (Papilledema)
6.3 Market Attractiveness Analysis By Techniques
Chapter 7 Global Intracranial Pressure Monitoring Device Market Analysis and Forecast By Applications
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Applications
7.1.2 Basis Point Share (BPS) Analysis By Applications
7.1.3 Absolute $ Opportunity Assessment By Applications
7.2 Intracranial Pressure Monitoring Device Market Size Forecast By Applications
7.2.1 Traumatic Brain Injury
7.2.2 Intracerebral Hemorrhage
7.2.3 Meningitis
7.2.4 Subarachnoid Hemorrhage
7.2.5 Idiopathic Intracranial Hypertension
7.2.6 Others
7.3 Market Attractiveness Analysis By Applications
Chapter 8 Global Intracranial Pressure Monitoring Device Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Intracranial Pressure Monitoring Device Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Intracranial Pressure Monitoring Device Analysis and Forecast
10.1 Introduction
10.2 North America Intracranial Pressure Monitoring Device Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Intracranial Pressure Monitoring Device Market Size Forecast By Types
10.6.1 Equipment
10.6.2 Service
10.7 Basis Point Share (BPS) Analysis By Types
10.8 Absolute $ Opportunity Assessment By Types
10.9 Market Attractiveness Analysis By Types
10.10 North America Intracranial Pressure Monitoring Device Market Size Forecast By Techniques
10.10.1 Invasive
10.10.1.1 External Ventricular Drainage
10.10.1.2 Microtransducer ICP Monitoring
10.10.2 Non-invasive
10.10.2.1 Transcranial Doppler Ultrasonography
10.10.2.2 Tympanic Membrane Displacement
10.10.2.3 Optic Nerve Sheath Diameter
10.10.2.4 Magnetic Resonance Imaging&Computer Tomography
10.10.2.5 Fundoscopy (Papilledema)
10.11 Basis Point Share (BPS) Analysis By Techniques
10.12 Absolute $ Opportunity Assessment By Techniques
10.13 Market Attractiveness Analysis By Techniques
10.14 North America Intracranial Pressure Monitoring Device Market Size Forecast By Applications
10.14.1 Traumatic Brain Injury
10.14.2 Intracerebral Hemorrhage
10.14.3 Meningitis
10.14.4 Subarachnoid Hemorrhage
10.14.5 Idiopathic Intracranial Hypertension
10.14.6 Others
10.15 Basis Point Share (BPS) Analysis By Applications
10.16 Absolute $ Opportunity Assessment By Applications
10.17 Market Attractiveness Analysis By Applications
Chapter 11 Europe Intracranial Pressure Monitoring Device Analysis and Forecast
11.1 Introduction
11.2 Europe Intracranial Pressure Monitoring Device Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Intracranial Pressure Monitoring Device Market Size Forecast By Types
11.6.1 Equipment
11.6.2 Service
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 Europe Intracranial Pressure Monitoring Device Market Size Forecast By Techniques
11.10.1 Invasive
11.10.1.1 External Ventricular Drainage
11.10.1.2 Microtransducer ICP Monitoring
11.10.2 Non-invasive
11.10.2.1 Transcranial Doppler Ultrasonography
11.10.2.2 Tympanic Membrane Displacement
11.10.2.3 Optic Nerve Sheath Diameter
11.10.2.4 Magnetic Resonance Imaging&Computer Tomography
11.10.2.5 Fundoscopy (Papilledema)
11.11 Basis Point Share (BPS) Analysis By Techniques
11.12 Absolute $ Opportunity Assessment By Techniques
11.13 Market Attractiveness Analysis By Techniques
11.14 Europe Intracranial Pressure Monitoring Device Market Size Forecast By Applications
11.14.1 Traumatic Brain Injury
11.14.2 Intracerebral Hemorrhage
11.14.3 Meningitis
11.14.4 Subarachnoid Hemorrhage
11.14.5 Idiopathic Intracranial Hypertension
11.14.6 Others
11.15 Basis Point Share (BPS) Analysis By Applications
11.16 Absolute $ Opportunity Assessment By Applications
11.17 Market Attractiveness Analysis By Applications
Chapter 12 Asia Pacific Intracranial Pressure Monitoring Device Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Intracranial Pressure Monitoring Device Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Intracranial Pressure Monitoring Device Market Size Forecast By Types
12.6.1 Equipment
12.6.2 Service
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Asia Pacific Intracranial Pressure Monitoring Device Market Size Forecast By Techniques
12.10.1 Invasive
12.10.1.1 External Ventricular Drainage
12.10.1.2 Microtransducer ICP Monitoring
12.10.2 Non-invasive
12.10.2.1 Transcranial Doppler Ultrasonography
12.10.2.2 Tympanic Membrane Displacement
12.10.2.3 Optic Nerve Sheath Diameter
12.10.2.4 Magnetic Resonance Imaging&Computer Tomography
12.10.2.5 Fundoscopy (Papilledema)
12.11 Basis Point Share (BPS) Analysis By Techniques
12.12 Absolute $ Opportunity Assessment By Techniques
12.13 Market Attractiveness Analysis By Techniques
12.14 Asia Pacific Intracranial Pressure Monitoring Device Market Size Forecast By Applications
12.14.1 Traumatic Brain Injury
12.14.2 Intracerebral Hemorrhage
12.14.3 Meningitis
12.14.4 Subarachnoid Hemorrhage
12.14.5 Idiopathic Intracranial Hypertension
12.14.6 Others
12.15 Basis Point Share (BPS) Analysis By Applications
12.16 Absolute $ Opportunity Assessment By Applications
12.17 Market Attractiveness Analysis By Applications
Chapter 13 Latin America Intracranial Pressure Monitoring Device Analysis and Forecast
13.1 Introduction
13.2 Latin America Intracranial Pressure Monitoring Device Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Intracranial Pressure Monitoring Device Market Size Forecast By Types
13.6.1 Equipment
13.6.2 Service
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Latin America Intracranial Pressure Monitoring Device Market Size Forecast By Techniques
13.10.1 Invasive
13.10.1.1 External Ventricular Drainage
13.10.1.2 Microtransducer ICP Monitoring
13.10.2 Non-invasive
13.10.2.1 Transcranial Doppler Ultrasonography
13.10.2.2 Tympanic Membrane Displacement
13.10.2.3 Optic Nerve Sheath Diameter
13.10.2.4 Magnetic Resonance Imaging&Computer Tomography
13.10.2.5 Fundoscopy (Papilledema)
13.11 Basis Point Share (BPS) Analysis By Techniques
13.12 Absolute $ Opportunity Assessment By Techniques
13.13 Market Attractiveness Analysis By Techniques
13.14 Latin America Intracranial Pressure Monitoring Device Market Size Forecast By Applications
13.14.1 Traumatic Brain Injury
13.14.2 Intracerebral Hemorrhage
13.14.3 Meningitis
13.14.4 Subarachnoid Hemorrhage
13.14.5 Idiopathic Intracranial Hypertension
13.14.6 Others
13.15 Basis Point Share (BPS) Analysis By Applications
13.16 Absolute $ Opportunity Assessment By Applications
13.17 Market Attractiveness Analysis By Applications
Chapter 14 Middle East & Africa (MEA) Intracranial Pressure Monitoring Device Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Intracranial Pressure Monitoring Device Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Intracranial Pressure Monitoring Device Market Size Forecast By Types
14.6.1 Equipment
14.6.2 Service
14.7 Basis Point Share (BPS) Analysis By Types
14.8 Absolute $ Opportunity Assessment By Types
14.9 Market Attractiveness Analysis By Types
14.10 Middle East & Africa (MEA) Intracranial Pressure Monitoring Device Market Size Forecast By Techniques
14.10.1 Invasive
14.10.1.1 External Ventricular Drainage
14.10.1.2 Microtransducer ICP Monitoring
14.10.2 Non-invasive
14.10.2.1 Transcranial Doppler Ultrasonography
14.10.2.2 Tympanic Membrane Displacement
14.10.2.3 Optic Nerve Sheath Diameter
14.10.2.4 Magnetic Resonance Imaging&Computer Tomography
14.10.2.5 Fundoscopy (Papilledema)
14.11 Basis Point Share (BPS) Analysis By Techniques
14.12 Absolute $ Opportunity Assessment By Techniques
14.13 Market Attractiveness Analysis By Techniques
14.14 Middle East & Africa (MEA) Intracranial Pressure Monitoring Device Market Size Forecast By Applications
14.14.1 Traumatic Brain Injury
14.14.2 Intracerebral Hemorrhage
14.14.3 Meningitis
14.14.4 Subarachnoid Hemorrhage
14.14.5 Idiopathic Intracranial Hypertension
14.14.6 Others
14.15 Basis Point Share (BPS) Analysis By Applications
14.16 Absolute $ Opportunity Assessment By Applications
14.17 Market Attractiveness Analysis By Applications
Chapter 15 Competition Landscape
15.1 Intracranial Pressure Monitoring Device Market: Competitive Dashboard
15.2 Global Intracranial Pressure Monitoring Device Market: Market Share Analysis, 2020
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Integra LifeSciences
15.3.2 Medtronic
15.3.3 Natus Medical Incorporated
15.3.4 Raumedic
15.3.5 SOPHYSA
15.3.6 Spiegelberg GmbH & Co. KG
15.3.7 B. Braun Melsungen AG