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U.S. Intra Cranial Pressure (ICP) Monitoring Devices Market – Industry Trends and Forecast to 2029

  • Neurology Devices
  • Upcoming Report
  • May 2022
  • Country Level
  • 150 Pages
  • No of Tables: 30
  • No of Figures: 50

U.S. Intra Cranial Pressure (ICP) Monitoring Devices Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 219.10 Million
Diagram Market Size (Forecast Year) USD 354.52 Million
Diagram CAGR %

U.S. Intra Cranial Pressure (ICP) monitoring devices Market, By Route of Intervention (Intraventricular, Epidural Sensor), Technique (Invasive, Non-Invasive), Application (Traumatic Brain Injury, Intracerebral Hemorrhage, Subarachnoid Hemorrhage, Meningitis), Device (Intraventricular Catheter, Subarachnoid Screw, Non Invasive Intra Cranial Pressure Monitors, Epidural Sensors), End-User (Hospitals and Clinics, Trauma Centers) – Industry Trends and Forecast to 2029

Market Analysis and Size

Intracranial pressure monitoring is a useful tool for diagnosing and treating neurological conditions such as intracerebral and subarachnoid haemorrhage, hydrocephalus, ischemic stroke, traumatic brain injury (TBI), and meningitis/encephalitis. Intracranial pressure monitoring has progressed from an intrusive technique to a non-invasive technology over the previous few decades, with both benefits and drawbacks. Any increase in cranial volume could exacerbate intracranial hypertension.

Data Bridge Market Research analyses that the intra cranial pressure (ICP) monitoring devices market which was USD 219.1 million in 2021, would rocket up to USD 354.52 million by 2029, and is expected to undergo a CAGR of 6.2% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Intracranial pressure monitoring devices are devices that measure pressure in the skull as a result of accidents or injuries. The major factor driving market growth is the rising incidence of neurovascular disorders such as arteriovenous malformations (AVMs) and brain aneurysms, as well as the rising cases of trauma and brain injuries, while increasing demand for minimally invasive treatments and rising government initiatives to improve healthcare infrastructure will boost market growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Route of Intervention (Intraventricular, Epidural Sensor), Technique (Invasive, Non-Invasive), Application (Traumatic Brain Injury, Intracerebral Hemorrhage, Subarachnoid Hemorrhage, Meningitis), Device (Intraventricular Catheter, Subarachnoid Screw, Non Invasive Intra Cranial Pressure Monitors, Epidural Sensors), End-User (Hospitals and Clinics, Trauma Centers)

Market Players Covered

Medtronic (Ireland), Johnson & Johnson Private Limited (U.S), RAUMEDIC AG (Germany), Integra LifeSciences (U.S), Natus Medical Incorporated (U.S), Terumo Corporation (Japan), Sophysa (France), Spiegelberg GmbH & Co. KG (U.S), Compumedics Limited (Australia), Shurtleff, Inc. (US), HeadSense Medical (U.S), NeuroDx Development (U.S), Third Eye Diagnostics (U.S), Vivonics Inc. (U.S), Covidien plc (Ireland), Linet (Czechia)

Market Opportunities

  • Governments of several countries are spending on improving the healthcare infrastructure
  • Rising incidence of neurological conditions

Intra Cranial Pressure (ICP) Monitoring Devices Market Dynamics

Drivers

  • Owing to the increasing cases of coronavirus disease (COVID-19)

The demand for high-quality care for patients in life-threatening situations is growing all over the world. As a result, the growth of the intra cranial pressure (ICP) monitor market is bolstered, as these devices are utilised to monitor patients in intensive care. Furthermore, the rising prevalence of autoimmune, cardiovascular, and sleep diseases has fueled demand for ICT monitors that can deliver timely and effective therapy. Furthermore, some nations' governments are investing in enhancing healthcare infrastructure and critical care centres, which is likely to enhance monitor sales. In addition, firms are working on developing an intra cranial pressure (ICP) monitoring equipment for home usage. Such advancements are projected to positively impact market growth during the next several years.

  • High need for innovative Intra Cranial Pressure (ICP) sensors

In 2021, the intra cranial pressure (ICP) monitoring product category, driven by intra cranial pressure (ICP) monitoring sensors, accounted for more than 85% of the overall market by value. The increasing demand for measuring increased intracranial pressure owing to any accident or condition is the cause for this large market share. Intra cranial pressure (ICP) monitoring devices are diagnostic devices that use a small pressure-sensitive probe placed into the skull to help doctors assess the pressure of cerebrospinal fluid and whether it is high or low.

  • High incidence of Traumatic Brain Injury (TBI)

According to estimates, traumatic brain injury has a market share of more than 37% in 2021. This is because of high number of people who have suffered traumatic brain injuries as a result of car accidents. Intracranial pressure rises as a result of traumatic brain damage, which must be monitored and treated via intracranial pressure monitoring equipment. This has resulted in a huge demand for intracranial pressure monitoring devices all around the world.

Opportunities

  • Rising incidence of neurological conditions

Manufacturers of intra cranial pressure (ICP) monitoring systems around the world will have plenty of lucrative prospects in the next years. A few important market players have consolidated the industry. These players will face competition from emerging economies. Manufacturers of intra cranial pressure (ICP) monitoring devices have a huge chance to expand their businesses in countries like China, Japan, and India, due to the vast number of elderly people who are at the highest risk of neurological problems. As a result, intra cranial pressure (ICP) monitoring equipment are required for routine monitoring of any neurological illness.

Restraints/Challenges

  • High Intra Cranial Pressure (ICP) Monitoring product cost

Intra cranial pressure (ICP) monitoring instruments and methods are relatively expensive, making them unaffordable for a large number of individuals, particularly in developing countries like India. The price of Digitimer's NL108T4 Re-Useable Physiological Pressure Transducer, for example, is US$ 801, which is out of reach for those from lower socioeconomic backgrounds all around the world. As a result, the product's high cost has an impact on sales and revenue, as well as limiting market growth to some extent. Intra cranial pressure (ICP) monitoring is a complicated operation that necessitates the use of qualified and skilled medical personnel. Because it's an intrusive technique that necessitates surgery, the procedure's sensitivity is greatly increased. Any error made during the surgery could result in a significant medical problem. Mistakes while placing the probe in the brain can even lead to death. There is lack of trained medical professionals, which negatively disturbs market growth.

This intra cranial pressure (ICP) monitoring devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the intra cranial pressure (ICP) monitoring devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Intra Cranial Pressure (ICP) Monitoring Devices Market

The COVID-19 epidemic and subsequent lockdowns wreaked havoc on most businesses throughout the world. Depending on the segment they were working with, the pharmaceutical, biotechnology, and medical device businesses saw both positive and bad effects from the epidemic. The pandemic had a negative influence on the U.S. market for intracranial pressure monitoring. It shifted the world's attention on the virology industry, with negative consequences for most other industries. Due to fewer traffic accidents and traumatic injury cases, clinic footfall has decreased, resulting in less intra cranial pressure (ICP) monitoring need and, as a result, less demand for intra cranial pressure (ICP) monitoring devices.

 Recent Development

 DePuy Synthes partnered with Expanding Innovations Inc. to distribute the X-Pac Expandable Lumbar Cage System in the United States in February 2021. It aided the company's expansion into the country.

 In 2021, the traumatic brain injury category dominated the intracranial pressure monitoring device market, accounting for roughly 31.6 percent of total revenue.

U.S. Intra Cranial Pressure (ICP) Monitoring Devices Market Scope

The intra cranial pressure (ICP) monitoring devices market is segmented on the basis of product, route of intervention, indication and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Accessories

  • Intraventricular Catheters
  • Subdural Catheters
  • Parenchymal Catheters
  • Epidural Sensors
  • Sub Arachnoid Screws

Route of Intervention

  • Intraventricular ICP Monitoring
  • Subdural ICP Monitoring
  • Epidural ICP Monitoring
  • Parenchymal ICP Monitoring
  • Subarachnoid ICP Monitoring

Indication

  • Traumatic Brain Injury
  • Intracerebral Haemorrhage
  • Subarachnoid haemorrhage
  • Hydrocephalus
  • Malignant Cerebral Infarction (MCI)
  • Cerebral Edema
  • CNS infections
  • Others

End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Trauma Centers
  • Neurosurgery Centers

Healthcare Infrastructure growth Installed base and New Technology Penetration

The intra cranial pressure (ICP) monitoring devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for intra cranial pressure (ICP) monitoring devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the intra cranial pressure (ICP) monitoring devices market. The data is available for historic period 2010-2020.

Competitive Landscape and Intra Cranial Pressure (ICP) Monitoring Devices Market Share Analysis

The intra cranial pressure (ICP) monitoring devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, U.S. presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to intra cranial pressure (ICP) monitoring devices market.

Some of the major players operating in the intra cranial pressure (ICP) monitoring devices market are:

  • Medtronic (Ireland)
  • Johnson & Johnson Private Limited (U.S)
  • RAUMEDIC AG (Germany)
  • Integra LifeSciences (U.S)
  • Natus Medical Incorporated (U.S)
  • Terumo Corporation (Japan)
  • Sophysa (France) 
  • Spiegelberg GmbH & Co. KG (U.S)
  • Compumedics Limited (Australia)
  • Shurtleff, Inc. (US),
  • HeadSense Medical (U.S)
  • NeuroDx Development (U.S)
  • Third Eye Diagnostics (U.S)
  • Vivonics Inc. (U.S)
  • Covidien plc (Ireland)
  • Linet (Czechia)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The U.S. Intra Cranial Pressure (ICP) Monitoring Devices Market value was USD 219.1 million in 2021.
The Intra Cranial Pressure (ICP) Monitoring Devices Market is projected to grow at a CAGR of 6.2% during the forecast period of 2022-2029.
On the basis of application,, the U.S. Intra Cranial Pressure (ICP) Monitoring Devices Market is segmented into Traumatic Brain Injury, Intracerebral Hemorrhage, Subarachnoid Hemorrhage, Meningitis
The major players operating in the U.S. Intra Cranial Pressure (ICP) Monitoring Devices Market are Medtronic (Ireland), Johnson & Johnson Private Limited (U.S), RAUMEDIC AG (Germany), Integra LifeSciences (U.S), Natus Medical Incorporated (U.S), Terumo Corporation (Japan), Sophysa (France), Spiegelberg GmbH & Co. KG (U.S), Compumedics Limited (Australia), Shurtleff, Inc. (US), HeadSense Medical (U.S), NeuroDx Development (U.S), Third Eye Diagnostics (U.S), Vivonics Inc. (U.S), Covidien plc (Ireland), Linet (Czechia).
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