Industry Outlook and Trend Analysis
The global Intracranial Pressure (ICP) Monitors Market was worth USD 0.92 billion in 2014 and is expected to reach approximately USD 1.62 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.48% during the forecast period. The rising pervasiveness of traumatic accidents and neurological disorders is foreseen to boost the market development of ICP monitors. Additionally, raising instances of aneurysm, brain infection and meningitis among the worldwide populace would bring about expanded prerequisite for ICP monitoring, consequently influencing the development of the market positively. In emerging nations, governments are constantly contributing immense measure of assets to enhance persistent focused security, care and proficiency.
Technique Outlook and Trend Analysis
External Ventricular Drainage (EVD) ruled the invasive technique with biggest income share in 2015, in light of the fact that the technique is considered as a highest quality level for the estimation of exact ICP, which is boosting the entrance of these systems in emergency care centres and hospitals. Non-invasive techniques are additionally divided into transcranial Doppler ultrasonography, Optic Nerve Sheath Diameter (ONSD), tympanic layer dislodging, MRI/CT, and fundoscopy (papilledema). The MRI/CT section represented the biggest share of the market in 2015.
Application Outlook and Trend Analysis
The traumatic brain injury application portion represented the biggest share of the market in 2015 attributable to its tremendous pervasiveness at a worldwide level throughout the years. As indicated by the Centres for Disease Control and Prevention, traumatic brain injury represented around 2.5 million emergency division visits, hospitalizations, and deaths in the United States. Nonetheless, the others section, which incorporates CNS infection and brain edema, is foreseen to predict the most elevated development rate over the conjecture time frame. Nonstop estimation of raised ICP empowers early treatment of CNS infection, by maintenance sufficient cerebral perfusion pressure.
Regional Outlook and Trend Analysis
North America overwhelmed the ICP monitors market with biggest income share in 2015. The strength of this area was fundamentally credited to the expanded social insurance foundation, high implementation of cutting edge ICP monitors, and the existence of huge patient pool. Asia Pacific is anticipated to witness the speediest development amid the estimate time frame. Because of accessibility of a vast populace experiencing brain disorders, more prominent than any time in recent memory activities are being attempted by the legislatures and existence of different settled hospitals and critical care centres would support the development of the market in Asia Pacific area.
The leading players in the market are Integra LifeSciences Holdings Corporation, Medtronic and Codman & Shurtleff, Inc. These players are for the most part present in the worldwide space and because of convenient availability to the worldwide market, are presently endeavouring to contend keeping in mind the end goal to increase higher share of the market.
The Intracranial Pressure (ICP) Monitors Market is segmented as follows-
Transcranial Doppler Ultrasonography
Tympanic Membrane Displacement (TMD)
Optic Nerve Sheath Diameter
External Ventricular Drainage (EVD)
Microtransducer ICP Monitoring
Traumatic Brain Injury
Others (cerebral edema, CNS infection, etc.)
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?