Intracranial Pressure (ICP) Monitoring Market

Intracranial Pressure (ICP) Monitoring Market Outlook (2022-2027)

The global intracranial pressure (ICP) monitoring market is projected to rise at a CAGR of 6.7% from 2022 to 2027. Currently, the market is valued at US$ 1.59 billion and is anticipated to reach US$ 2.2 billion by 2027.

ICP monitoring devices, also known as intracranial pressure monitoring devices, are implanted inside the head to track the pressure inside the skull and communicate measurements or information to a recording device.

Report Attributes	Details
Intracranial Pressure Monitoring Market Size (2022)	US$ 1.59 Billion
Projected Year Value (2027)	US$ 2.2 Billion
Global Market Growth Rate (2022-2027)	6.7% CAGR
North America Market Share (2022)	35%
Key Companies Profiled	Medtronic Raumedic Sophysa Ltd. Spiegelberg Integra LifeSciences HeadSense Medical Johnson and Johnson Vittamed

These devices make it easier to gauge the pressure put on the brain and cranium caused by trauma. For patients who have had neurosurgery or cranial injuries, intracranial pressure monitoring is regarded as an important post-operative and diagnostic technique.

Revenue Analysis of Intracranial Pressure Monitoring (2017-2021) Vs Market Outlook (2022-2027)

“Rising Prevalence of Neurological Disorders Driving Demand for ICP Monitoring Devices”

According to Fact.MR, a market research and competitive intelligence provider, worldwide sales of intracranial pressure monitoring devices are expected to increase at a CAGR of 6.7% from 2022 to 2027.

The market is projected to grow due to the rise in neurological illnesses, the rising elderly population, and accelerating technological advancements.

The predominant method used for intracranial monitoring is the current invasive method. However, it is anticipated that the creation and application of non-invasive techniques for neuro-critical care would offer attractive prospects to major market participants.

The intracranial pressure monitors market is driven by large investments made by governments around the world to improve patient safety, patient-centered care, and effectiveness. The market for medical monitoring devices in emerging nations is also projected to be driven by an increase in the number of elderly people and foreign investments.

Modern intracranial pressure monitoring devices help to overcome the drawbacks of older ones, which results in a change in baseline pressure, de-bubbling and levelling in fluid-filled systems.

What is Supporting Intracranial Pressure Monitoring Market Growth?

“Rapid Implementation of Technologically-Advanced ICP Monitoring Devices”

Some of the main causes of neurological issues include lack of nutrition, environmental issues, injuries caused by accidents, and genetic abnormalities passed down from one generation to the next. However, brain injuries are the primary cause of persons teetering on the brink of death.

• According to a report released by the Centers for Disease Control, traumatic brain injuries account for around 28 to 30% of all injury-related deaths. More than 13% of this 30% are attributable to road tragedy incidents.

Due to the sharp increase in vehicle accidents worldwide, these numbers have dramatically increased. All of the aforementioned elements are playing a key role in propelling the demand for intracranial pressure monitors.

The downsides of older surgical instruments are being minimized by technologically advanced intracranial pressure monitoring devices. For instance, a massive change in medical robotics has been occurring over time as a result of 3D imaging techniques.

Some of the most recent advances include HD microscope cameras, information recorders, information processing systems, motion detectors, and robotically operated catheters and actuators.

Technical development aims to create game-changing innovations that will drive the market for intracranial pressure monitoring devices and find new applications for already existing platforms. The increasing trend in the market is robotic firms working with other vendors to create new technology platform applications.

Modern technology has alleviated many psychological problems while also alleviating economic concerns. As a result, both chronic sadness and stress play a role in raising the incidence of neurological illnesses. People are becoming more health conscious and purchasing ICP monitoring systems, though, as a result of increasing modernization and changing lifestyles.

What Challenges Do ICP Monitoring Device Manufacturers Face?

“Lack of Trained Professionals & High Cost of ICP Monitoring Devices”

The market is expected to face a significant challenge due to many potential hazards associated with invasive surgical operations.

Intracranial pressure monitoring protocols are intricate and require qualified medical personnel. The process is made much more sensitive because surgery is required and it is an invasive operation. A dangerous medical issue can result from any procedural error. It is also possible to die if the probe is implanted incorrectly.

The lack of skilled personnel for equipment operation and the high procedural expenses associated with the use of ICP monitor devices are expected to hinder market expansion.

Why is North America a Lucrative Market for ICP Monitoring Device Suppliers?

“High Demand for Less Invasive Surgeries Driving Market Value in North America”

North America accounts for 35% share of the global intracranial pressure monitoring market. The expanding accessibility of advanced technologies, availability of best healthcare solutions, rising demand for less invasive surgeries, and rising acceptance of nerve monitoring devices are some of the major factors anticipated to support market expansion in the region.

Rising adoption of high-end intracranial pressure monitoring technology, rising trauma cases, established healthcare systems, and a rise in the incidence of brain disorders are driving the market growth in the region.

The American Society of Craniofacial Surgery (ASCFS), which was established to raise awareness about minimally invasive Craniomaxillofacial (CMF) procedures, is one of the supportive government initiatives that is anticipated to further boost the market for intracranial pressure monitoring devices during the projection period.

Country-wise Insights

What Favors the Intracranial Pressure Monitoring Market in the U.S.?

“Prominent Presence of ICP Monitoring Equipment in the U.S.”

The U.S. intracranial pressure monitoring market is projected to expand at a significant CAGR from 2022 to 2027. A large patient base, wide availability of skilled professionals, and rapid expansion in the healthcare industry are driving the market expansion in the U.S.

Additionally, the market benefits from the existence of numerous major producers of ICP measurement devices. The sale of more items by more manufacturers improves their revenue, which in turn fuels their growth and the expansion of the market in the country.

Why is China Seeing Increasing Demand for Intracranial Pressure Monitoring Devices?

“Growing Prevalence of Sports Injuries to Propel Market Revenue in China”

The intracranial pressure monitoring market in China is anticipated to rise at a CAGR of 10% over the forecast period. Growing prevalence of sports injuries, the increased focus of government organisations on improving healthcare facilities, and the increased concentration of market players on leveraging development prospects are driving the market expansion in China.

Well-established health care systems and reimbursement schemes, evolving economic conditions, and rising healthcare spending are driving the market growth in China.

Category-wise Insights

Which Intracranial Pressure Monitoring Technique is Most Popular?

“Invasive Technique Most Widely Used Diagnostic Method for Determining Cerebral Fluid Flow”

Based on technique, the intracranial pressure monitoring market is segmented into invasive and non-invasive. Invasive techniques account for 80% share of the global intracranial pressure monitoring market.

This is because invasive intracranial pressure measurements can be integrated at a variety of intracranial anatomical sites. The best method for continuous intracranial pressure monitoring is an intraventricular catheter connected to an external pressure transducer.

The delivery of medications as well as the therapeutic draining of cerebrospinal fluid (CSF) has both been demonstrated to be possible with this technique, which has been found to be the most precise and affordable way for intracranial pressure monitoring. External ventricular drain and micro-transducer intracranial pressure monitoring are the two categories of invasive procedures that are currently being used.

Invasive treatments such as ventriculostomy, which measure pressure with extreme precision, are responsible for the rise. It is the most popular diagnostic method for determining cerebral fluid flow and draining excessive hydrocephalus.

Which ICP Monitoring Application Has Gained Immense Traction?

“Rising Need for Accurate ICP Evaluation after Traumatic Brain Injury”

The traumatic brain injury segment remains dominant over other applications such as subarachnoid hemorrhage, intracerebral hemorrhage, and meningitis. This is because so many people have traumatic brain injuries as a result of road crashes. Intracranial pressure must be monitored and regulated using equipment that measures it after a traumatic brain injury. Because of this, there is a significant global need for products that measure intracranial pressure.

Traumatic brain injury (TBI), which can be brought on by a blow, knock, or jolt to the head, is a disturbance in the brain's regular operation. TBI instances are increasing as a result of an increase in traffic accidents. Increased intracranial pressure results from severe traumatic brain injury. As a result, there is a corresponding increase in demand for intracranial pressure monitoring equipment and traumatic brain injury.

The most frequent cause of death in patients with traumatic brain injury is elevated ICP. Accurate intracranial pressure evaluation is a key component of therapy success. In addition, it is projected that technological evolutions would fuel market expansion over the coming years.

Which End User is Expected to Generate High Revenue for Market Players?

“Demand for Intracranial Pressure Monitoring Devices in Hospitals Increasing Due to Accessibility of Advanced ICP Technologies”

In terms of end user, the market is classified into hospitals, ambulatory surgical centers, trauma centers, and neurosurgery centers. Hospitals account for the highest share of the global intracranial pressure monitoring market.

Demand for intracranial pressure monitoring products in hospitals is being driven by the accessibility of advanced intracranial pressure technologies and the rise in hospitalizations.

The massive usage of invasive operations for the treatment of seizures, cerebral hemorrhages, and hydrocephalus, which necessitates the need for hospital facilities, is the cause of the growth.

To conduct treatments such as ventriculostomy, top-notch medical personnel, as well as the required equipment and skills, are essential. Hospitals have become the initial point of contact for patients as they meet both requirements.

Competitive Landscape

New and inexpensive products are being introduced by top companies in the intracranial pressure monitoring devices market. These tactical initiatives done by different enterprises to flourish in unexplored regions have generated several business deals, which helped the industry expand.

For instance :

• In 2019, The Raumed home intracranial pressure monitoring system was introduced by Raumedic for use at home. Such advancements will provide neurosurgeons with new therapeutic ideas and allow people with hydrocephalus to live more active lives.

Key Segments in ICP Monitoring Industry Research

• By Technique :

  • Invasive
  • Non-invasive

• By Application :

  • Traumatic Brain Injury
  • Subarachnoid Hemorrhage
  • Intracerebral Hemorrhage
  • Meningitis
  • Other Applications

• By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Trauma Centers
  • Neurosurgery Centers

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa