Intracranial Pressure Monitoring Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Intracranial pressure is the pressure inside the skull that might increase due to rise in pressure of cerebrospinal fluid or it may be due to rise in pressure within the brain. Intracranial pressure might arise due to a brain tumor, fluid around the brain or bleeding into the brain, or swelling within the brain. Increased intracranial pressure can be observed in hepatic encephalopathy, head trauma, hydrocephalus, and cerebral edema. Elevated intracranial pressure can lead to death in neurosurgical patients or it may cause cerebral ischemia. To avoid this circumstance, rapid recognition and monitoring of elevated intracranial pressure is important. Elevated intracranial pressure can be  measured,  either clinically or quantitatively.

Growing population with the neurological disorders globally is certainly driving the intracranial pressure monitoring devices market

A Number of neurological disorders and traumatic accidents are increasing day by day. 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.. The increasing number of population with neurological disorders is the major factor that is driving the intracranial pressure monitoring devices market. Additionally, According to Centers for Disease Control and Prevention, around 2.5 million cases of traumatic accidents are registered in U.S. that lead to brain infection, meningitis, and aneurysm globally, results in the requirement of intracranial pressure monitoring and hence propels the growth of intracranial pressure monitoring devices. A Large amount of funds have been invested by the government for the improvement of the healthcare sector, expected to boost the intracranial pressure monitoring devices market.

However, the high cost of this monitoring devices and lack of skilled professionals for handling the devices are the factors which  restraints  the growth of 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

Rising awareness about neurodegenerative diseases is expected to propel the growth of 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. 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, that eventually lead to the more usage of intracranial pressure monitors in North America. Hence the rising number of patients with such diseases and increase in the usage of intracranial pressure monitoring devices are the factors that leads to domination of North America in intracranial pressure monitoring devices market. Rising government initiatives to generate the awareness about the neurodegenerative disorders also propelling the growth of intracranial pressure monitoring devices market.

Mergers & acquisitions are helping the industry players to obtain the maximum share in intracranial pressure monitoring devices market

Key players operating the 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. The industry players had adopted the strategy of mergers and acquisitions, and partnership to hold the largest share in the intracranial pressure monitoring devices market.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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