Intracranial Pressure (ICP) Monitoring Devices Market
Get a free sample of this report
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Request Sectional Data
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Intracranial Pressure (ICP) Monitoring Devices Market size was valued at USD 1.7 billion in 2023 and is estimated to grow at a CAGR of 6.8% between 2024 and 2032. Intracranial pressure (ICP) monitoring devices are medical devices used to measure and monitor the pressure inside the skull and brain. These devices play a crucial role in the management of patients with severe traumatic brain injuries, intracranial hemorrhages, hydrocephalus, or other neurological conditions associated with elevated intracranial pressure.
The increasing prevalence of various neurological disorders and traumatic accidents has emerged as a significant public health concern worldwide. For instance, the World Stroke Organization (WSO) states that ischemic stroke poses a significant health concern, with approximately 7.6 million new cases reported each year. This persistent increase, propelled by aging and lifestyle-related factors, emphasizes the urgency for effective treatments like intracranial pressure (ICP) monitoring.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Intracranial Pressure Monitoring Devices Market size in 2023: | USD 1.7 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2023 - 2032 CAGR: | 6.8 |
2023 Value Projection: | USD 3.1 Billion |
Historical Data for: | 2018 – 2023 |
No of Pages: | 260 |
Tables, Charts & Figures: | 404 |
Segments Covered: | Offering, Technology, Application, End-use, and Region |
Growth Drivers: |
|
Pitfalls Challenges: |
|
Furthermore,growing government initiatives and policies, rising awareness and screening programs for monitoring intracranial pressure, rising healthcare expenditure, and increasing adoption of neurostimulation devices which is set to reach USD 25.5 billion by 2032, among other contributing factors propelling the growth of the market in the forthcoming years.
Market expansion is anticipated to be propelled by advancements in medical technologies. As, recently introduced intracranial pressure (ICP) monitoring devices are positioned to revolutionize the postoperative and critical care of patients with neurological conditions. Thus, the innovative devices provide precise measurements, allowing healthcare professionals to identify and respond promptly to changes in intracranial pressure dynamics.
Based on offering, the intracranial pressure monitoring device market is bifurcated into products & systems, and solutions & platforms. The products & systems segment dominated around USD 1.1 billion revenue in 2023.
Based on technology, the intracranial pressure monitoring devices market is segmented into invasive and non-invasive. The invasive segment is sub segmented into external ventricular drainage (EVD), microtransducer ICP monitoring. Similarly, the non-invasive segment is sub segmented into transcranial doppler ultrasonography, tympanic membrane displacement (TMD), optic nerve sheath diameter, MRI/CT, eectroencephalography, fundoscopy (papilledema). The invasive segment is expected to cross USD 2.5 billion by the end of 2032.
Based on application, the ICP monitoring devices market is segmented into traumatic brain injury, intracerebral hemorrhage, meningitis, subarachnoid hemorrhage, CSF management, migraine, stroke, hydrocephalus, and other applications. The traumatic brain injury segment accounted for 22.2% of the market share in 2023.
Based on end-use, the intracranial pressure (ICP) monitoring devices market is categorized into hospitals, clinics, diagnostic laboratories, and other end-users. The hospitals segment held over USD 649.1 million revenue size in 2023.
North America intracranial pressure monitoring market size recorded around USD 701.7 million in 2023.
The intracranial pressure (ICP) monitoring devices industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced devices based on different technologies is among a key market strategy. Some of the leading industry players including, Luciole Medical AG, Medtronic plc, Johnson & Johnson among others have a notable presence in the market.
Some of the eminent market participants operating in the intracranial pressure (ICP) monitoring devices industry include:
Market, By Offering
Market, By Technology
Market, By Application
Market, By End-use
The above information has been provided for the following regions and countries:
The market size of intracranial pressure (ICP) monitoring devices reached USD 1.7 billion in 2023 and is set to witness 6.8% CAGR from 2024 to 2032, owing to the increasing prevalence of various neurological disorders and traumatic accidents.
The invasive segment is estimated to account for USD 2.5 billion by 2032, as it allows for direct measurement of intracranial pressure, providing highly accurate and reliable data for clinical decision-making.
North America market held over USD 701.7 million in 2023, due to the growing prevalence of neurological conditions and traumatic brain injuries, coupled with advancements in medical technology.
Brain4Care Inc., CranioSense, LLC, HeadSense Medical Ltd., Integra LifeScience Holdings Corporation, Johnson & Johnson, Luciole Medical AG, Medtronic plc, Natus Medical Inc., RAUMEDIC AG, Sophysa, and Vittamed Corporation.