Upswing in Brain injuries Demands Increased Application of Intracranial Pressure Monitors

The increased prevalence of traumatic injuries and strokes has laid the ground for the immense rise of the global intracranial pressure monitors market. The upswing in the cases of brain injuries in children as well as adults has also boosted the demand for intracranial pressure monitoring remarkably across the world. However, the biggest influence on this market, which stood at US$0.94 bn in 2014, has been accredited to the substantial shift from invasive pressure monitors to non-invasive pressure monitors. This trend is expected to have an enduring effect on the dynamics of demand and supply of these monitors.

Transparency Market Research expects this market to rise at a CAGR of 6.30% between 2015 and 2023, with business opportunity reaching US$1.63 bn by the end of 2023. Untapped developing countries are anticipated to present opportunity-rich market for participants in the global market for intracranial pressure monitors.

A significant growth can be witnessed in the demand for intracranial pressure monitors with their increasing application in the detection and management of various cerebrovascular disorders such as meningitis, traumatic brain injury, brain tumor, and intracerebral hemorrhage.

In 2013, the traumatic brain injury segment accounted for the biggest share in the demand for intracranial pressure monitors. TMR projects this segment to rise at a rapid CAGR of 7.70% between 2015 and 2023. The increase in violence, rising industrial as well as road accidents, and rising number of reports related to head injuries due to sports and recreational activities are the prime reasons behind the growing prevalence of traumatic brain injuries.

intracranial-pressure-monitors-market

 

Growing Prevalence of Traumatic Injuries Fuels Demand for Intracranial Pressure Monitors in North America

The market for intracranial pressure monitors stretches across North America, Europe, Asia Pacific, and the Rest of the World. North America has surfaced as the biggest contributor to the intracranial monitor consumption since the past few years. The increasing prevalence of neurological disorders and traumatic injuries have amplified the application of these monitors in this region. Additionally, technical advancements in the field of pressure monitoring are expected to influence the sales volume of these monitors considerably in North America over the coming years.

Although North America will remain the leading regional market for intracranial pressure monitors during the forecast period, Asia Pacific will offer the most profitable opportunities to market players, on account of the presence of a large number of untapped markets.

Apart from this, the augmenting incidence of cerebrovascular disorders, fuelled by the increasing base of geriatric population, and the rising expenditure on healthcare, owing to surging disposable income, are also projected to boost the demand for these monitors in the near future. Europe holds the second position in the worldwide intracranial pressure monitors market.

Integra LifeSciences Corp., Medtronic Inc., and Codman & Shurtleff Inc. are leading the global intracranial pressure monitors market. The collective share of these three companies in the overall market is 53.4%. Other prominent manufacturers of intracranial pressure monitors are Haiying Medical, HeadSense Medical Inc., Raumedic AG, Spiegelberg GmbH & Co. KG., and SOPHYSA.

Industry Players in Intracranial Pressure Monitors Market Focus on Severe TBI Management for Product Innovation

Intracranial pressure monitoring (ICP) monitoring is a diagnostic modality that has been traditionally used in quantifying cerebral perfusion pressure (CPP). Despite the fact that numerous invasive methods have emerged over the decades, ICP is still clinically relevant. It is increasingly used as a multimodal strategy for underlying pathophysiological process that needs treatment. Most prominently, ICP has gathered widespread demand for managing traumatic brain injury (TBI). The drive for the intracranial pressure monitors market stems from the trend of increasing attention of healthcare systems, especially in the developing and developed world, on the severity of TBI. The morbidity in developed nations such as the U.S. is high. Per a recent finding in an article in the NCBI, as many as 2% of the U.S. population are living with TBI-associated disability. Growing incidence of micro and macro vascular dysfunction, despite an observed normal value of ICP, has bolstered the prospects for new technologies in the intracranial pressure monitors market. The indications are growing in comatose patients and those with diffuse axonal injury (DAI); though, more evidence is needed for validating clinical effectiveness especially on the back of advancing CT care. The high risk of intracranial hypertension in TBI patients is another factor propelling demand. Growing demand for multimodal monitoring technologies that adhere to Brain Trauma Foundation (BTF) guidelines has led to the demand for ICP for improving patient outcomes.

The COVID-19 pandemic has triggered wide-ranging changes in business models across industries. While for some, the disruptions were a boon to accelerate their growth by transitioning to digital models earlier-than-expected, for some the upheavals proved nothing short of doomsday in 2020. The industry players in the intracranial pressure monitors market were considerably impacted by the short- and long-term microeconomics challenges faced by the medical sector. Medical device manufacturers have been severely impacted. Of note, they were forced to alter their strategic frameworks to stay agile on one hand and reap short-term gains that arose due to the health fallout of the pandemic.

Intracranial pressure monitors are used in a wide range of applications in the treating brain trauma. This report on intracranial pressure monitors analyses the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. This section also provides the overall information and data analysis of the intracranial pressure monitors market with respect to the leading market segments based on type, application, end-user and geography.

Some of the factors that are driving the global intracranial pressure monitors market are technological developments related to intracranial pressure monitors, increasing number of medical device companies conducting research and development studies across the globe, presence of large geriatric population, and rising incidence of traumatic brain injuries due to traffic and industrial accidents.

The market overview section of the report includes qualitative analysis of the overall intracranial pressure monitors market including the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s Five Forces Analysis. In addition, various analyses such as market attractiveness analysis by geography and competitive landscape by key players have also been provided. The market attractiveness analysis explains the intensity of competition in the market in different geographies. The competitive scenario between different market players is evaluated through market share analysis. These factors would help the market players to take strategic decisions in order to strengthen their positions and increase their shares in the global market.

The intracranial pressure monitors market has been segmented based on product type, end-user, and geography. Based on product type, the intracranial pressure monitors market has been categorized into external ventricular drainage system, lumbar drainage system, microtransducer ICP monitoring devices, and non-invasive ICP monitoring system. Traumatic brain injury, intracerebral hemorrhage, meningitis, subarachnoid hemorrhage, and others form the major applications of the intracranial pressure monitors market. Market revenue in terms of US$ Mn for the period 2013-2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 is provided for all the segments, considering 2014 as the base year.

Geographically, the intracranial pressure monitors market has been categorized into four regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). The recommendations section included in the report would assist existing players to increase their market shares and new companies to establish their presence in the intracranial pressure monitors market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include CAS Medical Systems, Inc., Codman & Shurtleff, Inc., Haiying Medical, HeadSense Medical, Inc., Integra LifeSciences Corporation, Medtronic plc, Raumedic AG, SOPHYSA, and Spiegelberg GmbH & Co. KG.

The intracranial pressure monitors market has been segmented as follows:

Global Intracranial Pressure Monitors Market, by Type

  • External Ventricular Drainage System
  • Lumbar Drainage System
  • Microtransducer ICP Monitoring Devices
    • Fiber Optic Devices
    • Strain Gauge Devices
    • Pneumatic Sensors
  • Non-invasive ICP Monitoring System

Global Intracranial Pressure Monitors Market, by Application

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

Global Intracranial Pressure Monitors Market, by End-user

  • Trauma Centers
  • Hospitals

Global Intracranial Pressure Monitors Market, by Geography

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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Table of Content

Chapter 1 Introduction
1.1 Report Description 
1.2 Research Methodology
1.3 Market Segmentation 

Chapter 2 Executive Summary
2.1 Global Intracranial Pressure Monitors Market Revenue, 2013–2023 (US$ Mn).
2.2 Global Intracranial Pressure Monitors Market Share by Geography, 2014 and 2023 (Value %)
2.3 Global Intracranial Pressure Monitors Market, by Type, Application, and End-user, 2014 (US$ Mn)
2.4 Intracranial Pressure Monitors Market Snapshot

Chapter 3 Intracranial Pressure Monitors Market– Industry Analysis 
3.1 Introduction 
3.2 Intracranial Pressure Monitoring Devices
3.3 Market Dynamics
      3.3.1 Constant rise in incidence of traumatic injuries
      3.3.2 Increasing rate of stroke incidents worldwide.
      3.3.3 Increased health care expenditure globally
3.4 Restraints
      3.4.1 Infection associated with invasive nature of intracranial pressure monitors
3.5 Opportunity
      3.5.1 Shift from invasive to non-invasive intracranial pressure monitoring devices
      3.5.2 Emerging economies to offer sustained growth opportunities
3.6 Porter’s Five Forces Analysis
3.7 Intracranial Pressure Monitors Market, Market Share, by Key Players (2014) (%)
3.8 Market Attractiveness Analysis – Intracranial Pressure Monitors Market

Chapter 4 Market Segmentation – By Type
4.1 Introduction
4.2 Global External Ventricular Drainage System Market, 2013–2023 (US$ Mn)
4.3 Global Lumbar Drainage System Market, 2013–2023 (US$ Mn)
4.4 Global Microtransducer ICP Monitoring Devices Market, 2013–2023 (US$ Mn)
4.5 Global Non-Invasive ICP Monitoring Devices Market, 2013–2023 (US$ Mn)
4.6 Global Microtransducer ICP Monitoring Devices Market, 2013–2023 (US$ Mn)
      4.6.1 Global Fiber Optic Devices Market, 2013–2023 (US$ Mn)
      4.6.2 Global Strain Gauge Transducers Market, 2013–2023 (US$ Mn)
      4.6.3 Global Pneumatic Transducers Market, 2013–2023 (US$ Mn)

Chapter 5 Market Segmentation – By Application
5.1 Introduction
5.2 Global Intracranial Pressure Monitors Market Revenue in Traumatic Brain Injury, 2013–2023 (US$ Mn)
5.3 Global Intracranial Pressure Monitors Market Revenue in Intracerebral Hemorrhage, 2013–2023 (US$ Mn)
5.4 Global Intracranial Pressure Monitors Market Revenue in Meningitis, 2013–2023 (US$ Mn)
5.5 Global Intracranial Pressure Monitors Market Revenue in Subarachnoid Hemorrhage, 2013–2023 (US$ Mn)
5.6 Global Intracranial Pressure Monitors Market Revenue in Other Applications, 2013–2023 (US$ Mn)

Chapter 6 Market Segmentation – By End-user
6.1 Introduction
6.2 Global Intracranial Pressure Monitors Market Revenue in Trauma Centers, 2013–2023 (US$ Mn)
6.3 Global Intracranial Pressure Monitors Market Revenue in Hospitals, 2013–2023 (US$ Mn)

Chapter 7 Intracranial Pressure Monitors Market - Regional Analysis
7.1 Global Intracranial Pressure Monitors Market: Regional Overview
7.2 North America Intracranial Pressure Monitors Market Revenue, by Countries, 2013-2023 (US$ Mn) 
7.3 Europe Intracranial Pressure Monitors Market Overview
7.4 Asia Pacific Intracranial Pressure Monitors Market Overview
7.5 RoW Intracranial Pressure Monitors Market Overview

Chapter 8 Recommendations
8.1 Invest in rigorous R&D initiatives
8.2 Focus on developing economies
8.3 Focus on inorganic growth through mergers and acquisitions

Chapter 9 Company Profiles
9.1 Codman & Shurtleff, Inc.
      9.1.1 Company Overview
      9.1.2 Financial Overview
      9.1.3 Product Portfolio
      9.1.4 Business Strategies
      9.1.5 Recent Development
9.2 Haiying Medical
9.3 HeadSense Medical, Inc.
9.4 Integra LifeSciences Corporation
9.5 Medtronic plc
9.6 Raumedic AG
9.7 SOPHYSA
9.8 Spiegelberg GmbH & Co. KG.

List of Tables

Table 1. Intracranial Pressure Monitors Market Snapshot
Table 2. Global Intracranial Pressure Monitors Market, by Type, 2013–2023 (US$ Mn)
Table 3. Global Microtransducer ICP Monitoring Devices Market, by Type, 2013–2023 (US$ Mn)
Table 4. Global Intracranial Pressure Monitors Market, by Application, 2013–2023 (US$ Mn)
Table 5. Global Intracranial Pressure Monitors: Market Revenue, by End-user, 2013–2023 (US$ Mn).
Table 6. Global Intracranial Pressure Monitors: Market Revenue, by Geography, 2013–2023 (US$ Mn).

List of Figures

FIG. 1 Global Intracranial Pressure Monitors Market Revenue, 2013–2023 (US$ Mn)
FIG. 2 Global Market Share by Geography, 2014 and 2023 (Value %)
FIG. 3 Global Intracranial Pressure Monitors Market, by Type, Application, and End-user, 2014 (US$ Mn)
FIG. 4 Porter’s Five Forces Analysis
FIG. 5 Market Share by Key Players: Intracranial Pressure Monitors (2014) (%)
FIG. 6 Market Attractiveness Analysis, By Geography (2014)
FIG. 7 Global External Ventricular Drainage system Market, 2013–2023 (US$ Mn)
FIG. 8 Global Lumbar Drainage System Market, 2013–2023 (US$ Mn)
FIG. 9 Global Microtransducer ICP Monitoring Devices Market, 2013–2023 (US$ Mn)
FIG. 10 Global Non-Invasive ICP Monitoring Devices Market, 2013–2023 (US$ Mn)
FIG. 11 Global Fiber Optic Devices Market, 2013–2023 (US$ Mn)
FIG. 12 Global Strain Gauge Transducers Market, 2013–2023 (US$ Mn)
FIG. 13 Global Pneumatic Sensors Market, 2013–2023 (US$ Mn)
FIG. 14 Global Intracranial Pressure Monitors Market Revenue in Traumatic Brain Injury, 2013–2023(US$ Mn)
FIG. 15 Global Intracranial Pressure Monitors Market Revenue in Intracerebral Hemorrhage, 2013–2023 (US$ Mn)
FIG. 16 Global Intracranial Pressure Monitors Market Revenue in Meningitis, 2013–2023 (US$ Mn)
FIG. 17 Global Intracranial Pressure Monitors Market in Subarachnoid Hemorrhage, 2013–2023 (US$ Mn)
FIG. 18 Global Intracranial Pressure Monitors Market Revenue in Other Applications, 2013–2023 (US$ Mn)
FIG. 19 Global Intracranial Pressure Monitors Market Revenue in Trauma Centers, 2013–2023 (US$ Mn)
FIG. 20 Global Intracranial Pressure Monitors Market Revenue in Hospitals, 2013–2023 (US$ Mn)
FIG. 21 North America Intracranial Pressure Monitors Market Revenue, 2013–2023 (US$ Mn)
FIG. 22 Europe Intracranial Pressure Monitors Market Revenue, 2013–2023 (US$ Mn)
FIG. 23 Asia Pacific Intracranial Pressure Monitors Market Revenue, 2013–2023 (US$ Mn)
FIG. 24 RoW Intracranial Pressure Monitors Market Revenue, 2013–2023 (US$ Mn)
FIG. 25 Integra LifeSciences Corporation: Financial Details, 2012–2014 (US$ Mn)
FIG. 26 Medtronic plc: Financial Details, 2012–2014 (US$ Mn)

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Intracranial Pressure Monitors Market