The Insight Partners published latest research report on “Intracranial Pressure (ICP) Monitoring Devices Market Size Report, Share, Trends & Growth Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering, Type, Application, End User, and Geography”,
The Insight Partners published latest research report on “Intracranial Pressure (ICP) Monitoring Devices Market Size Report, Share, Trends & Growth Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering, Type, Application, End User, and Geography”, the global market size is expected to reach USD 2,433.82 million by 2028 from USD 1,671.41 million in 2022; it is estimated to record a CAGR of 6.5% from 2023 to 2028.
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Global Intracranial Pressure (ICP) Monitoring Devices Market: Competitive Landscape and Key Developments
Natus Medical Inc; RAUMEDIC AG; Sophysa SA; Integra LifeSciences Holdings Corp; Medtronic Plc; Braincare Desenvolvimento e Inovacao Tecnologica SA; NovaSignal Corp; Digitimer Ltd; Longeviti Neuro Solutions LLC, and Spiegelberg GmbH & Co KG. are among the leading companies operating in the neurotoxins market. These players are focusing on expanding, diversifying their market presence, and acquiring a novel customer base by tapping prevailing business opportunities.
In March 2022, NovaSignal Corp announced that Health Canada had granted its NovaGuide Intelligent Ultrasound a Medical Device Licence. NovaGuide is now available to Canadian healthcare practitioners to capture and monitor brain blood flow in real-time.
In November 2022, Natus Medical Incorporated announced the closing of its acquisition of Micromed Holding SAS (“Micromed”), a global provider of neurophysiology solutions. Micromed products will be added to the Natus Neuro portfolio and developed alongside Natus technologies.
ICP devices are used to measure the pressure within the skull caused by accidents, injuries, and trauma. The ICP monitoring also has post-operative and diagnostic applications for patients suffering from cranial damage caused due to stroke, hydrocephalus, or other reasons. ICP devices help surgeons save the lives of patients suffering from these injuries with the help of proper treatment and timely intervention. Generally, there are two types of ICP monitors: one provides ICP data, whereas the other is capable of concurrent cerebrospinal fluid drainage.
Intracranial Pressure (ICP) Monitoring Devices Market: Segmental Overview
The intracranial pressure (ICP) monitoring devices market, by offering, is segmented into products & systems, solutions & platforms, and services. The products & systems segment held the largest market share in 2022 and services is anticipated to register the highest CAGR of during the forecast period.
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The intracranial pressure (ICP) monitoring devices market, by type, is segmented into invasive and non-invasive. The invasive segment held the largest market share in 2022 and non-invasive is anticipated to register the highest CAGR during the forecast period.
In terms of application, the intracranial pressure (ICP) monitoring devices market is bifurcated into traumatic brain injury, Reye’s syndrome, non-traumatic bleeds, hydrocephalus, space-occupying lesions, cerebral oedema, and others. The traumatic brain injury segment held the largest market share in 2022 and hydrocephalus is anticipated to register the highest CAGR during the forecast period.
The intracranial pressure (ICP) monitoring devices market, based on end user, is divided into hospitals, clinics, ambulatory surgical centers, and others. The hospitals segment held the largest share of the market in 2022 and clinics is anticipated to register the highest CAGR in the market during the forecast period.
Global Intracranial Pressure (ICP) Monitoring Devices Market Share Report, Segmentations, Regional & Country Scope:
| Report Coverage | Details |
| Market Size Value in | USD 1,671.41 million in 2022 |
| Market Size Value by | USD 2,433.82 million by 2028 |
| Growth rate | CAGR of 6.5% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
| No. of Pages | 228 |
| No. of Tables | 138 |
| No. of Charts & Figures | 84 |
| Historical data available | Yes |
| Segments covered | Offering, Type, Application, End User, and Geography |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Companies Covered | Natus Medical Inc, RAUMEDIC AG, Sophysa SA, Integra LifeSciences Holdings Corp, Medtronic Plc, Braincare Desenvolvimento e Inovacao Tecnologica SA, NovaSignal Corp, Digitimer Ltd, Longeviti Neuro Solutions LLC, Spiegelberg GmbH & Co KG. |
Browse key market insights spread across 228 pages with 138 list of tables & 84 list of figures from the report, “Intracranial Pressure (ICP) Monitoring Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering (Products and Systems, Solutions and Platforms, and Services), Type (Invasive and Non-Invasive), Application (Traumatic Brain Injuries, Reye’s Syndrome, Non-Traumatic Bleeds, Hydrocephalus, Space-Occupying Lesions, Cerebral Oedema, and Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Others), and Geography” in detail along with the table of contents: https://www.theinsightpartners.com/reports/intracranial-pressure-icp-monitoring-devices-market
Asia Pacific accounts for the fastest-growing CAGR for the intracranial pressure (ICP) monitoring devices market. In Asia Pacific, China accounts for a major share of the intracranial pressure (ICP) monitoring devices market. China is among the leading countries that have performed a significantly large number of aesthetic procedures. The country has seen significant growth due to the increasing prevalence of stroke. As per the research article, ‘Estimated Burden of Stroke in China in 2020,’ published in March 2023, China reported stroke prevalence (i.e., 2.6%), incidence (i.e., 505.2 per 100,000), and mortality rate (i.e., 343.4 per 100,000) in 2020. Therefore, the rising incidence and prevalence of stroke are expected to create tremendous demand for ICP monitoring devices for diagnosing and treating them in the country in the coming years.
Additionally, China is recording a vital increase in the geriatric population. According to the China National Health Commission, by 2035, the country will have more than 400 million people over 60 years. Geriatric population is prone to neurological disorders. Thus, the demand for ICP monitoring devices is expected to increase across China in the coming years for early diagnosis and managing intracranial hypertension among aging population.
Furthermore, researchers are developing newer techniques to monitor intracranial pressure. In 2019, the China Academy of Engineering Physics and Army Medical University developed a hybrid device that diagnoses cerebral ischemia noninvasively and faster than current techniques. Such innovations are expected to boost the intracranial pressure (ICP) monitoring devices market during the forecast period.
Growing Research on Non-Invasive ICP Monitoring Devices:
Many market players and researchers are developing new non-invasive ICP monitoring devices to expand their geographic reach and capacity to cater to many customers.
In 2020, researchers from Odense University Hospital and the University of Southern Denmark developed a novel method for assessing intracranial pressure using non-invasive fundus images. The study focused on developing a novel, low-cost, fast, and easy measurement using noninvasive fundoscopy on non-dilated pupils to assess ICP using retinal A/V ratio. In this method, A/V-ratio decreased with ICP above 15 mmHg. The technique can potentially detect changes in ICP and possibly detect absolute ICP values. More research on this technique is needed to validate this.
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Moreover, in 2021, scientists from the Department of Neurology, School of Medicine, University of São Paulo, validated a new non-invasive tool (Brain4Care) to assess intracranial pressure waveform (ICPW) morphology in a set of neurocritical patients. The study concluded that micrometric beat-by-beat cranial pulses provided by the B4C device are comparable to the invasive intracranial pressure pulse morphology. The ICP waveform obtained noninvasively through this system has the potential to widen the applicability and understanding of ICP in less explored clinical fields.
Further in 2022, researchers at Carnegie Mellon University (CMU) published a study on near-infrared spectroscopy (NIRS) for non-invasive intracranial pressure monitoring. The novel algorithm estimates intracranial pressure based on hemoglobin levels using near-infrared spectroscopic cardiac pulse waveforms. NIRS has several advantages over other noninvasive methods such as low cost, bedside compatibility for long-term and continuous monitoring, along with user independence.
Thus, growing research on non-invasive ICP monitoring devices is likely to drive growth of the intracranial pressure (ICP) monitoring devices market during the forecast period.
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