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ICP monitoring devices, or intracranial pressure (ICP) monitoring devices, are placed inside the head to monitor the pressure inside the skull and transmit measurements or data to a recording device
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These devices aid in measuring the pressure within the brain and cranium caused by trauma. ICP Monitoring is considered to be a significant post-operative and diagnostic procedure for patients who have undergone neurosurgery or have suffered cranial injury.
The types of monitoring methods are invasive and non-invasive. The invasive method is a method primarily employed by various ICP monitors. However, non-invasive methods are not engaged in the measurement of absolute ICP.
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Key Drivers and Restraints of Global ICP Monitoring Devices Market
Expansion of the ICP monitoring devices market can be attributed to a rise in the prevalence of neurological disorders and traumatic accidents. Moreover, a rise in the number of people suffering from aneurysm, brain infection, and meningitis among the population further boosts the ICP monitoring devices market. According to the CDC, traumatic brain injury accounted for over 3 million emergency department visits, hospitalizations, and deaths in the U.S., in 2018.
Significant investments from the governments globally to enhance patient safety, patient-centered care, and efficacy fuel the market. Additionally, increase in geriatric population and foreign investments is anticipated to propel the ICP monitoring devices market in developing countries.
Advanced ICP monitoring devices help eliminate the limitations associated with earlier devices, which contributes to a shift in baseline pressure, de-bubbling, and levelling associated with fluid-filled systems.
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North America to Lead Global ICP Monitoring Devices Market
In terms of region, the global ICP monitoring devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America dominated the global ICP monitoring devices market in 2019, owing to high rate of adoption of advanced ICP monitoring devices, well-established healthcare infrastructure, rise in prevalence of neurological diseases, and increase in number of people living with disability related to traumatic brain injury
Europe was the second-largest market for ICP monitoring devices in 2019. The market in Asia Pacific is projected to expand at a rapid pace, followed by Latin America and Middle East & Africa. Rise in focus of governments of countries in Asia on enhancing healthcare facilities, increase in focus of market players on Asia Pacific to leverage growth opportunities, and rise in the patient pool further propel the global ICP monitoring devices market.
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Key Players Operating in Global ICP Monitoring Devices Market
The market players are focused on expanding their presence in the ICP monitoring devices market mainly by adopting the inorganic growth strategy. Leading players in the global ICP monitoring devices market are:
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