About Intracranial Pressure ICP monitoring
Intracranial Pressure ICP monitoring has high growth prospects due to measuring pressure and treatment of traumatic brain injury in the global arena. Intracranial Pressure ICP monitoring device for diagnostic and post-operative importance in patients. Factors such as increasing the healthcare industry are coupled with rising consumer spending on patient’s treatment and timely intervention will provide a positive scope for product penetration during the forecasted timeframe. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the technology advancements.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
In Intracranial Pressure ICP monitoring Market, it has been observed that most of the companies are upgrading or introducing innovative monitoring devices such as advanced signal analysis algorithms that evaluate the acoustic signal passing through the brain to determine ICP Values. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Integra LifeSciences Corporation (United States), DePuy Synthes (United States), Spiegelberg GmbH & Co. KG (Germany), RAUMEDIC Inc (Germany), Sophysa SA (France), Boston Neurosciences (United States), Medtronic Plc (Ireland), Terumo Corporation (United States), Natus Medical Incorporated (United States), Orsan Medical technologies (Israel), Gaeltec Devices Ltd. (United Kingdom) and Codman & Shurtleff Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Intracranial Pressure ICP monitoring market by , Application (Traumatic Brain Injury, Subarachnoid Hemorrhage, meningitis, Intracerebral Hemorrhage and Others) and Region.
On the basis of geography, the market of Intracranial Pressure ICP monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by End Users, the sub-segment i.e. Hospitals & Clinics will boost the Intracranial Pressure ICP monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technique, the sub-segment i.e. Invasive { Micro Transducers, Ventric Ulostomy, Others } will boost the Intracranial Pressure ICP monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Devices, the sub-segment i.e. Intraventricular Catheter will boost the Intracranial Pressure ICP monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Value-Oriented Customers
Market Growth Drivers:
Rising Prevalence of Neurovascular Diseases and Increasing Patient Population and Growing Healthcare Sector
Challenges:
Stringent Government Rules and Regulation and Skilled Professional Required for Operations
Restraints:
Less Exposure to Healthcare Services and High Cost Associated with Intracranial Pressure ICP Monitoring Devices
Opportunities:
Technological Advancements Such as Doppler Ultrasonography, Optical Coherence Tomography and Others
Market Leaders and their expansionary development strategies
In June 2023, Luciole Medical AG, a Swiss medical technology company specialized in brain monitoring, has acquired of Spiegelberg GmbH & Co. KG (Spiegelberg), an established medical device company and provider of highly specialized devices and consumables for neurosurgery, from SHS Capital. The acquisition, the companies will combine their product suites, manufacturing, and distribution channels to optimize their strengths aiming at becoming a global leader in providing innovative next-generation brain monitoring devices.
In December 2019, Raumedic launched a new ICP monitoring device for home use. The technique is used for measurements of patient movement in their home environment and other certain activities such as handheld devices such as sleeping eating, headaches, and nausea.
Key Target Audience
Intracranial Pressure ICP Monitoring Manufacturers, End-Use Market Participants of Different Segments of Intracranial Pressure ICP Monitoring, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.