Tag Archives: Intracranial Pressure Monitors Market

Intracranial Pressure Monitors Market Outlook and Forecast up to 2023

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.

Read Full Report: http://www.transparencymarketresearch.com/intracranial-pressure-monitors-market.html

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.

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.

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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.

 

World Intracranial Pressure Monitors Market expected to reach US$1.63 bn by the end of the forecast period

Traumatic brain injuries and strokes remain one of the leading causes of death and disability across the globe. The upswing in the cases of brain injuries in adults as well as children has proved to be a shot in the arm for the global intracranial pressure monitors market. The Centers for Disease Control and Prevention states that every day nearly 140 people in the U.S. die from injuries that are associated with traumatic brain injuries.

According to a report by Transparency Market Research (TMR), the opportunity in the global intracranial pressure monitors market was pegged at US$0.94 bn in 2014 and is poised to reach US$1.63 bn by 2023, rising at a CAGR of 6.30% between 2015 and 2023. A TMR analyst states that the sweeping shift towards non-invasive pressure monitors from invasive ones is likely to have a positive and enduring impact on the dynamics of the market.

Read Full Report: http://www.transparencymarketresearch.com/intracranial-pressure-monitors-market.html

How are governments playing an important role in the growth of the global intracranial pressure monitors market?

Governments across the world are raising their budgets for the healthcare development. For instance, the Centers for Medicare and Medicaid Services revealed that the U.S. government had increased the bar for healthcare spending from 3.6% in 2013 to 5% in 2014. Other developed countries such as France, Japan, and Germany are also increasing their healthcare spending every year. France’s healthcare system covers the public-private mix of hospital and ambulatory care with a higher volume of service provisions as compared to the U.S. Emerging countries such as India, China, and the Philippines are also jumping on the bandwagon, thereby providing a boost to the overall intracranial pressure monitors market.

How are developed regions contributing to the growth of the global intracranial pressure monitors market?

North America will continue to dominate the market in terms of revenue until 2023, followed by Europe. The rising incidence of traumatic injuries and neurological disorders are boosting the demand for intracranial pressure monitors in these regions. In addition, the rapid technological advancements in the field of pressure monitoring are anticipated to provide a fillip to these regional markets as well as the global market.

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Why are manufacturers in the global intracranial pressure monitors market shifting focus towards emerging markets?

Despite the dominance of North America, Asia Pacific will offer substantial lucrative opportunities to market players, owing to the presence of numerous untapped markets. Over the past few years, the cases of cerebrovascular disorders have recorded a sudden rise, primarily due to the growing aging population in this region. Moreover, the consumer expenditure on healthcare has increased, thanks to the rising disposable income. Owing to these factors, the Asia Pacific market for intracranial pressure monitors is estimated to expand at a significant CAGR during the forecast period.

Intracranial Pressure Monitors Market expected to expand at a CAGR of 6.30% during the period from 2015 to 2023

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.

Read Full Report: http://www.transparencymarketresearch.com/intracranial-pressure-monitors-market.html

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.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6445

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.

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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.

 

With Recent Shift from Invasive to Non-Invasive Technology, Intracranial Pressure Monitors Likely to Witness Mounting Demand, says TMR

As the global intracranial pressure monitors market undergoes a paradigm shift from invasive to non-invasive devices, manufacturers are facing intense competition, prompting them to focus on technological advancements. Leading players such as Integra LifeSciences Corp., Medtronic Inc., and Codman & Shurtleff Inc. are aggressively integrating advanced technologies in their products. In line with this trend, companies are now racing to introduce next-generation products in the market.

Looking forward, untapped markets in emerging economies are likely to offer lucrative opportunities to participants. Entering into strategic partnerships with local players will help major companies to seize better shares in the market.

Intracranial Pressure Monitors Gain Impetus from Rising Incidence of Traumatic Injuries

“The frenzied lifestyle of people across the world has increased the frequency of traumatic injuries and augmented the prevalence of strokes, thereby escalating the demand for intracranial pressure monitors,” says an analyst at TMR. Cranial injuries and head trauma are mostly caused by road and industrial accidents, which lead to death or permanent disability for hundreds of individuals every year. Elevated intracranial pressure causes around 2 casualties in every 10 cases of head injuries across the world. The increasing reports of brain injuries in adults as well as pediatric patients have also fueled the demand for intracranial pressure monitoring significantly.

Strokes are another prominent factor that has escalated the application of these pressure monitors. Large hemispheric strokes increase the cerebral perfusion pressure and enhance the mean flow velocity of the middle cerebral arteries in the patient, raising the intracranial pressure. The growing prevalence of high blood pressure among people across the world has augmented the frequency of strokes, thereby boosting the demand for intracranial pressure monitors substantially.

Hitherto, the risk associated with the invasive nature of intracranial pressure monitors, such as bacterial infections, hampered their adoption across the world. The reports about cerebrospinal fluid infection, which sometimes leads to fatal consequences, have limited the application of intracranial pressure monitors significantly.

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Despite North America’s Claim on Leadership, Asia Pacific to Emerge Prominently

Despite of being hindered by these factors, the global market for intracranial pressure monitors has a bright future ahead of it. TMR expects this market to expand at a CAGR of 6.30% during the period from 2015 to 2023, with market opportunity swelling from US$0.94 bn in 2014 to US$1.63 bn by the end of the forecast period.

Currently, North America holds the largest share in this market and will continue to lead over the next few years. However, the future of this market lies in Asia Pacific. The rapid increase in geriatric population, rising prevalence of cerebrovascular disorders, and escalating healthcare expenditure in this region together are likely to offer rewarding opportunities to participants in the coming years.

This study is based on the findings of a TMR report titled “Intracranial Pressure Monitors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

Global Intracranial Pressure Monitors Market Led by EVD Segment owing to Ease of Use and Affordability

The latest report, titled “Intracranial Pressure Monitors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”, from Transparency Market Research (TMR) delivers a 360-degree view of the market.According to this report, the global intracranial pressure monitors market will progress at a 6.40% CAGR during the forecast period from 2015 to 2023. In 2014, the global intracranial pressure monitors market was estimated at US$210.5 mn and by 2023, the market will be worth US$350.5 mn.

Browse the full Intracranial Pressure Monitors Market (Type: External Ventricular Drain, Fiberoptic Monitors, Strain Gauge Transducers, and Air Pouch Devices; Application: Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage, and Others; End-user: Trauma Centers and Hospitals) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 report at http://www.transparencymarketresearch.com/intracranial-pressure-monitors-market.html

Intracranial pressure monitors are medical devices supporting the measurement of the pressure inside the skull during critical care. The global intracranial pressure monitors market is driven by the sustained rise in the incidence of traumatic injuries. Furthermore, the elevated health care expenditure worldwide, along with the rising occurrence of stroke incidents globally, will drive the global intracranial pressure monitors market. On the other hand, infections arising from the invasive nature of intracranial pressure monitors will challenge the global intracranial pressure monitors market’s growth.

By type, the global intracranial pressure monitors market is segmented into air pouch devices, strain gauge transducers, fiberoptic monitors, and external ventricular drain (EVD). The EVD segment held the largest share (more than 35%) in the global intracranial pressure monitors market in 2014. EVDs are easy to use and extremely affordable, driving their demand in the market. Furthermore, EVD can be re-zeroed during any point of time, further driving their popularity among consumers. On the other hand, the air pouch devices segment will enjoy the highest CAGR during the forecast period due to the low zero-drift features offered by air pouch devices.

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Application-wise, the global intracranial pressure monitors market is divided into subarachnoid hemorrhage, meningitis, intracerebral hemorrhage, traumatic brain injury, and others. The traumatic brain injury segment held the largest share in the global intracranial pressure monitors market in 2014. Factors such as the rising incidence of traffic-related accidents, violence, and sports injuries are fuelling this segment. On the basis of end use, the global intracranial pressure monitors market is segmented into hospitals and trauma centers. The trauma centers segment led the global intracranial pressure monitors market in 2014 due to the round-the-clock availability of trained healthcare providers and growing number of critically ill patients.

Region-wise, the global intracranial pressure monitors market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). North America held more than 50% of the global intracranial pressure monitors market. The North America intracranial pressure monitors market benefits from the elevated awareness of consumers, improved healthcare infrastructure, and high acceptance of advanced monitoring equipment.

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Players in the global intracranial pressure monitors market will benefit from the shift from invasive to non-invasive monitoring devices. Emerging economies also offer good sustained growth opportunities to companies. Some of the key players operating in the global intracranial pressure monitors market are Spiegelberg, Raumedic, Medtronic, Integra LifeSciences, HeadSense Medical, Haying Medical, and Codman & Shurtleff.

Key Segments of the Global Intracranial Pressure Monitors Market

Intracranial Pressure Monitors Market, by Type

  • External Ventricular Drain
  • Fiberoptic Monitors
  • Strain Gauge Transducers
  • Air Pouch Devices

Intracranial Pressure Monitors Market, by Application

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

Intracranial Pressure Monitors Market, by End-user

  • Trauma Centers
  • Hospitals

Intracranial Pressure Monitors Market, by Geography

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

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