Intracranial Pressure (ICP) Monitoring Market Scope

Global Intracranial Pressure (ICP) Monitoring Market Size, Forecast, and Trend Highlights Over 2022 - 2031 

The global intracranial pressure (ICP) monitoring market is estimated to garner a revenue of USD 3.0 Billion by the end of 2031 by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 1.0 Billion in the year 2021. The growth of the market can be attributed to the rise in the prevalence of neurological disorders. As per the World Health Organization, hundreds of millions of people across the globe are affected by neurological disorders. Therefore, it is anticipated to drive the growth of the global intracranial pressure (ICP) monitoring market.

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Intracranial Pressure (ICP) Monitoring is a device that helps in detecting if low or high cerebrospinal fluid pressure is causing any indications to the patients. Furthermore, the indications for intracranial pressure monitoring include swelling, hematoma, midline shift, compressed basal cisterns, and others. The doctors manage the high ICP level with the drainage of CSF, sedation, osmotherapy with hypertonic saline, and others. On the contrary, if high ICP levels left untreated, they may lead to stroke, coma, brain injury, or death. As per the data published by the National Library of Medicine in 2021, approximately 795,000 people have strokes affecting the brain every year.

Global Intracranial Pressure (ICP) Monitoring Market: Growth Drivers and Challenges

Growth Drivers

• Rising Road Accident Injuries– According to the World Health Organization data published in 2022, every year approximately 1.3 million people die owing to road accident crashes.

• Increasing Neurovascular Diseases– As per the statistics stated by the National Library of Medicine in 2021, stroke is the fifth leading cause of death in the United States, accounting for 800,000 deaths annually.

• Surging Demand for Robotic Surgery – Robotic surgery is related to minimally invasive surgery that can aid in measuring the head through pressure using a small pressure-sensitive probe inserted through the skull. Therefore, it is anticipated to drive the growth of the global intracranial pressure (ICP) monitoring market. According to the National Library of Medicine, there are more than 500 trained robotic surgeons in 2019 and nearly 12,800 surgeries have been performed with robotic assistance in the last 12 years in India.

• Growing Obesity Percentage – There is a positive relationship between obesity and ICP, as an increase in body fat causes intracranial hypertension owing to the deficient intracranial absorption of cerebrospinal fluid. As per the Centers for Disease Control and Prevention, the obesity percentage has shown an increasing trend from 30.5 percent to 41.9 percent from 1999-2000 to 2017-2020, which accounted for a medical cost of USD 179 Billion in 2019.

Challenges

• Risks Associated with the Procedure of ICP Monitoring

• Lack of Specialists to Carry on the Process of ICP Monitoring

• High Cost of Intracranial Pressure Monitoring Devices

The intracranial pressure (ICP) monitoring market is segmented and analyzed for demand and supply by end users into hospitals, clinics, and trauma centers, out of which, the hospital segment is anticipated to hold the largest share of the global ICP monitoring market and witness significant growth during the forecast period. This can be attributed to the surge in the number of patients in hospitals for the treatment of strokes, intracranial hemorrhages, and road accidents involving brain injuries. For instance, as per the Stroke Association, nearly 1.3 million are stroke survivors in the United Kingdom, and there are approximately 100, 000 cases of strokes each year.

Global Intracranial Pressure (ICP) Monitoring Market Regional Synopsis

Regionally, the global intracranial pressure (ICP) monitoring market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031 owing to factors such as the increasing availability of technologically progressive devices and increasing awareness among the populace about the use of invasive monitoring. Followed by other factors that include an increase in the number of strokes, traumas, migraines, and other neurological disorders.

The market in the Asia Pacific region is projected to grow with a moderate CAGR as the market is expected to be primarily driven by increasing sports injuries, road accidents, neurological disorders, strokes, and traumas. According to the Public Health Foundation of India, strokes caused approximately 699,000 deaths in India in the year 2019 accounting for 7.4 percent of the total number of deaths in the country.                     

Market Segmentation

Our in-depth analysis of the global intracranial pressure (ICP) monitoring market includes the following segments:

Key Companies Dominating the Global Intracranial Pressure (ICP) Monitoring Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global intracranial pressure (ICP) monitoring market that are included in our report are Integra LifeSciences Corporation, Natus Medical Incorporated, Nisonic AS, RAUMEDIC AG, Spiegelberg GmbH & Co. KG., IRRAS AB, Terumo Corporation, Boston Scientific Corporation, Stryker Corporation, NOVASIGNAL CORPORATION, and others.

Global Intracranial Pressure (ICP) Monitoring Market: Latest Developments

• January, 2021: Spiegelberg GmbH & Co. KG., announced opportunities offered by Continuous Intra-abdominal Pressure Measurement (IAP) by running successful tests.

• April, 2021: NOVASIGNAL CORPORATION, launched platform to transform Cerebral Blood Flow Measurement which guides diagnosis and improves patient outcomes.

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• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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