[FURL=https://www.industryarc.com/Report/15079/intracranial-pressure-icp-monitoring-devices-market.html]Intracranial Pressure (ICP) Monitoring Devices Market[/FURL] size is estimated to be $1.4 billion in 2019, growing at a CAGR of 6.4% during the forecast period 2020-2025. ICP monitoring devices are widely used to diagnose the rising level of intracranial pressure caused by cerebrospinal fluid (CSF) which is caused by trauma injuries, meningitis and Hemorrhage. Moreover, according to Neurology India every year in India more than millions of trauma injury cases are witnessed. Besides this, the rising health concern among the people is fueling the market growth. The boost in the ICP monitoring device market is dominated by Drainage Catheters owing to its accuracy and reliability as it has the property to relieve the intracranial pressure by draining the CSF fluid from the skull.Key Takeaways
Invasive accounted for a larger market share owing to the external ventricular drains which provides high accuracy and reliability.
Hospitals accounted for a larger market share in 2019 owing to the presence of large number of trauma patients treated there.
North America dominated the ICP monitoring device market as it consist of a large number people suffering from traumatic cases.
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Intracranial Pressure (ICP) Monitoring Devices Market Segment Analysis - Geography
North America dominated the ICP monitoring device market with the revenue share of 38% in 2019 as it consists of a large number people suffering from traumatic cases. According to Journal of Neurosurgery, 1299 cases was witnessed in the year 2018. Owing to the increasing cases US has a large manufacturing base for the monitoring devices which is fueling the market growth. Moreover, Europe and APAC followed North America holding large number of cases related to brain injuries and dysfunctionalities which in turn is boosting the market growth in these regions.
Intracranial Pressure (ICP) Monitoring Devices Market Drivers
Large pool of People Suffering From Traumatic Injury
Intracranial Pressure Monitoring Device Market Industry Outlook : Top 10 companies are Integra LifeSciences, Medtronic, Johnson and Johnson, Sophysa Ltd, Spiegelberg, Raumedic, HaiWeiKang, HeadSense Medical, Vittamed and Clean Cut Technologies LLC.
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