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Growing Head Injury Count Could Enable Global Intracranial Pressure Monitors Market to Cross US$350 mn by 2023

Posted on Jun 01, 2016

The global intracranial pressure monitors market is expected to reach US$350.5 mn by the end of 2023. This market was recorded at US$210.5 mn in 2014 and is expanding at a CAGR of 6.4% within a forecast period of 2015 to 2023. These statistics are collected and justified in a research report published by leading market intelligence provider Transparency Market Research. The report, titled “Intracranial Pressure Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” can help market players, investors, and others gain a deeper understanding of the current and expected factors that influence this market till 2023. 

Browse the full Intracranial Pressure Monitors Market (Type: External Ventricular Drain, Fiberoptic Monitors, Strain Gauge Transducers, and Air Pouch Devices; Application: Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage, and Others; End-user: Trauma Centers and Hospitals) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/intracranial-pressure-monitors-market.html

Intracranial pressure monitors are medical devices used to measure the pressure inside a human head within the skull. This is a valuable measurement for patients kept under critical care.

The most significant reason for the growth of the global intracranial pressure monitors market, as explained in the report, is the growing number of people suffering from cerebrovascular and neurological diseases. Another major driver of the global intracranial pressure monitors market is the increase in number of cases of head trauma and head injuries around the world. The market is further fueled by a rising rate of awareness among healthcare officials regarding the benefits of using an intracranial pressure monitor.

The report studies the global intracranial pressure monitors market according to type, applications, end use, and geography.

In terms of types, the global intracranial pressure monitors market was led by external ventricular drains, which held a 35% share in 2014. The fastest growth rate is currently shown by the segment of air pouch devices.

In terms of applications, the global intracranial pressure monitors market was dominated by the segment of traumatic brain injury in 2014 owing to a high rate of road accidents, sports injuries, and incidences of violence. In terms of end use, this market is being driven by trauma centers, as this segment not only held the largest share in 2014, but is also showing the fastest growth rate for the given forecast period.

Geographically, the global intracranial pressure monitors market was dominated by North America in 2014, when it accounted for over half the market’s share. This region has consistently enjoyed a leading position in the global intracranial pressure monitors market due to the presence of an advanced healthcare infrastructure and a large number of the key players in the market. North America’s share in this market could reduce over the given forecast period owing to the rapid growth rate of the Asia Pacific intracranial pressure monitors market. The Asia Pacific nations of India, China, South Korea, and Australia, among others, are showing high growth potential in this market, creating multiple opportunities for global players or new companies to set foot into this region.

The key players in the global intracranial pressure monitors market, as detailed within the research report, are Spiegelberg GmbH & Co. KG., Sophysa, Raumedic AG, Medtronic, Inc., Integra LifeSciences Corporation, HeadSense Medical, Inc., Haiying Medical, and Codman & Shurtleff, Inc.

Key Segments of the Global Intracranial Pressure Monitors Market

Intracranial Pressure Monitors Market, by Type

  • External Ventricular Drain
  • Fiberoptic Monitors
  • Strain Gauge Transducers
  • Air Pouch Devices

Intracranial Pressure Monitors Market, by Application

  • Traumatic Brain Injury
  • Intracerebral Hemorrhage
  • Meningitis
  • Subarachnoid Hemorrhage
  • Others

Intracranial Pressure Monitors Market, by End-user

  • Trauma Centers
  • Hospitals

Intracranial Pressure Monitors Market, by Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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