Intracranial Pressure (ICP) Monitors Market By Type (External Ventricular Drainage System, Lumbar Drainage System, Non-Invasive ICP Monitoring Devices, Microtransducer ICP Monitoring Devices,), By Application (Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage), By End Users (Trauma Centers, Hospitals), Industry Size, Growth, Share And Forecast To 2022
Intracranial Pressure (ICP) monitors are used to determine the pressure within the brain and craniumtrauma caused by any injuryor other diseases. The global intracranial pressure monitors marketis anticipated to grow at a CAGR of 6.8% for the forecast period of 2016-2022 and reach $1,485 million market by 2022.The major factors identified that are driving the global intracranial pressure monitors market are rising incidences of strokes and traumatic injuriesand increasing aging population.According to the National Institute of Neurological Disorders and Stroke (NINDS), it has been estimated that more than 100 million people are affected by around 1,000 brain disorders.The institute has raised funds of $1.6 billion for the research in this field through Advancing Innovative Neurotechnologies initiative. The frantic lifestyle of people, globally, has augmented the prevalence of strokes and increased the incidences of traumaticcranial injuries. Head trauma and cranial injuries are mostly caused by industrial and road accidents, leading to permanent disability or death for hundreds of individuals every year. As per a research, it has been estimated that elevated intracranial pressure causes around 2 casualties in every 10 cases of head injuries. In addition, Asia accounts for an estimated two-third of the world’s disabled population and the number is expected to increase tremendously. The major reason for this is due to the alarmingly high road traffic fatality rates. Globally, Asia accounts for highest percentage of traumatic brain injury due to unintentional injuries, road traffic accidents and falls. The increasing incidences of brain injuries has fueled the demand for intracranial pressure monitoring, significantly. Furthermore, strokes are another major factor that has escalated the use of these pressure monitors. According to the Centers for Disease Control and Prevention, it has been estimated that almost 130,000 Americans die from stroke each year, i.e. an average of one person in America dying from stroke every 4 minutes.However, infection associated with invasive nature of intracranial pressure monitors, various legislations and government regulations and high cost of treatment are few restraints that are hampering the growth of the global intracranial pressure monitors market.
The global intracranial pressure monitors market is segmented on the basis of type, end users and applications. On the basis of type the market is segmented intoExternal Ventricular Drainage System;Lumbar Drainage System; Non-Invasive ICP Monitoring Devices; and, Microtransducer ICP Monitoring Devices. The Microtransducer segment is further bifurcated into Fiber Optic Devices, Strain Gauge Transducers, and Pneumatic Transducers. On the basis of type, it has been estimated that non invasive ICP monitoring devices segment will grow at the highest CAGR for the forecast period of 2016-2022 owing to its various benefits over invasive methods, such as prevention of bleeding, infection, damage to brain tissues and brain herniation, and the risk of general anesthesia. On the basis of application, the market is segmented as Traumatic Brain Injury market; Intracerebral Hemorrhage market; Meningitis market; Subarachnoid Hemorrhage market; and,others.Treatment and therapies of traumatic brain injury application is the fastest growing segment area for this market owing to increasing incidence of it in the markets of India, China, U.K., Iceland, Finland, Irelandandthe U.S. The end user comprises of Trauma centers and Hospitals. The major regional segments analyzed in the report include North America, Europe, Asia Pacific, and Rest of the World. Globally, in 2015, North America is the largest market of Intracranial Pressure Monitors. The major reason for this high market share is increasing aging population, rising prevalence of neurological diseases and traumatic injuries, and highly developed healthcare infrastructure in the region in comparison to any other. In addition, technical advancements in the field of pressure monitoring will further boost the market in the region. However, North America will have a slow and steady growth rate due to reimbursement pressure. Europe holds the second largest market share, followed by Asia Pacific. Europe market is boosted by increasing geriatric population in the countries like UK, Germany, etc. However, Asia Pacific is growing at a high CAGR due to large patient base, improving healthcare infrastructure, rising cases of traumatic injuries and increasing government initiatives.Some of the key market players areCodman & Shurtleff, Inc.;Gaeltec Devices Ltd.; Haiying Medical; HeadSense Medical, Inc.; Hummingbird Neuromonitoring; Integra LifeSciences Corporation; Integrated sensing system; Medtronic Plc;Orsan Medical Technologies; Philips Healthcare;Raumedic AG; SOPHYSA;Spiegelberg GmbH & Co. KG.;Vittamed and Welch Allyn.Patent filling, mergers & acquisition,and collaborations for new product development are the key strategies adopted by the market players to sustain in the market.OnApril 2016,Integrated Sensing Systems, Inc. acquired two utility patents from the U.S Patent Office for deep brain stimulation and wireless sensing of intracranial pressures (ICP). The company is focusing on wireless implantable monitors for non invasive monitoring. In October 2015, Vittamed secured $10 million funding from Xeraya Capital Labuan Ltd. to commercialize its non-invasive Intracranial Pressure (ICP) system.
1. Introduction
1.1. Executive summary
1.2. Estimation methodology
2. Market overview
2.1. Market definition and Scope
2.2. Key findings
2.3. Parametric analysis
2.3.1. Prevalence rate of neurological disorders
2.3.2. Adaption rate of Intracranial Pressure Monitors
2.4. Key market insights
2.4.1. Top 3 emerging countries
2.4.2. Top 3 revenue generating segments
2.4.3. Top growing markets and emerging trends
2.4.4. Top 3 geography
2.5. Competitive Landscape
2.5.1. Market share analysis
2.5.2. Top winning strategies
2.5.3. Case studies: Top competitive Moves
2.6. Porter’s Five Force Model
2.6.1. Threat of New Entrants
2.6.2. Threat of Substitute Products or Services
2.6.3. Bargaining Power of Buyer
2.6.4. Bargaining Power of Supplier
2.6.5. Intensity of Competitive Rivalry
2.7. Key buying criteria
2.8. Strategic recommendation
2.9. Strategic conclusions
3. Market determinants
3.1. Market drivers
3.1.1. Increasing prevalence of neurological disorders
3.1.2. Constant rise in incidence of traumatic cranial injuries
3.1.3. Increased health care expenditure globally
3.1.4. Increasing elderly population
3.2. Market restraints
3.2.1. Infection associated with invasive nature of intracranial pressure monitors
3.3. Market opportunities
3.3.1. Shift from invasive to non-invasive intracranial pressure monitoring devices
3.3.2. Emerging economies to offer sustained growth opportunities
3.4. Market challenges
3.4.1. Various legislations and government regulations
3.4.2. High cost of treatment
3.5. Parent Market
3.6. Competitors Market
3.7. Alternative Market
4. Market Segmentation
4.1. Global Intracranial Pressure Monitors Market by Type 2014-2022($ Million)
4.1.1. Global External Ventricular Drainage System Market 2014-2022($ Million)
4.1.2. Global Lumbar Drainage System Market 2014-2022($ Million)
4.1.3. Global Non-Invasive ICP Monitoring Devices Market 2014-2022($ Million)
4.1.4. Global Microtransducer ICP Monitoring Devices Market 2014-2022($ Million)
4.1.4.1.1. Global Fiber Optic Devices Market 2014-2022($ Million)
4.1.4.1.2. Global Strain Gauge Transducers Market 2014-2022($ Million)
4.1.4.1.3. Global Pneumatic Transducers Market 2014-2022($ Million)
4.2. Global Intracranial Pressure Monitors Market by Application 2014-2022($ Million)
4.2.1. Global Intracranial Pressure Monitors Market Revenue in Traumatic Brain Injury 2014-2022($ Million)
4.2.2. Global Intracranial Pressure Monitors Market Revenue in Intracerebral Hemorrhage 2014-2022($ Million)
4.2.3. Global Global Intracranial Pressure Monitors Market Revenue in Meningitis 2014-2022($ Million)
4.2.4. Global Intracranial Pressure Monitors Market Revenue in Subarachnoid Hemorrhage 2014-2022($ Million)
4.2.5. Global Intracranial Pressure Monitors Market Revenue in Other Application 2014-2022($ Million)
4.3. Global Intracranial Pressure Monitors Market by End Users 2014-2022($ Million)
4.3.1. Global Intracranial Pressure Monitors Market Revenue in Trauma Centers 2014-2022($ Million)
4.3.2. Global Intracranial Pressure Monitors Market Revenue in Hospitals 2014-2022($ Million)
5. Geographical analysis
5.1. North America Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.1.1. United States (U.S.) Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.1.2. Canada Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.2. Europe Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.2.1. United Kingdom (UK) Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.2.2. France Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.2.3. GermanyIntracranial Pressure Monitors Market 2014-2022 ($ Million)
5.2.4. SpainIntracranial Pressure Monitors Market 2014-2022 ($ Million)
5.2.5. Italy Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.2.6. RoEIntracranial Pressure Monitors Market 2014-2022 ($ Million)
5.3. Asia Pacific Nuclear Imaging Systems / EquipmentMarket 2014-2022 ($ Million)
5.3.1. India Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.3.2. China Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.3.3. Japan Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.3.4. RoAPACIntracranial Pressure Monitors Market 2014-2022 ($ Million)
5.4. Rest of the world Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.4.1. Latin America Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.4.2. MENA Intracranial Pressure Monitors Market 2014-2022 ($ Million)
5.4.3. Africa Intracranial Pressure Monitors Market 2014-2022 ($ Million)
6. Company Profiling: (Over, SCOT analysis, strategic review)
1. Codman & Shurtleff, Inc.
2. Gaeltec Devices Ltd.
3. Haiying Medical
4. HeadSense Medical, Inc.
5. Hummingbird Neuromonitoring
6. Integra LifeSciences Corporation
7. Integrated sensing system
8. Medtronic Plc
9. Orsan Medical Technologies
10. Philips Healthcare
11. Raumedic AG
12. SOPHYSA
13. Spiegelberg GmbH & Co. KG.
14. Vittamed
15. Welch Allyn
1. Global External Ventricular Drainage System Market 2014-2022 ($ Million)
2. Global Lumbar Drainage System Market 2014-2022 ($ Million)
3. Global Non-Invasive ICP Monitoring Devices Market 2014-2022 ($ Million)
4. Global Microtransducer ICP Monitoring Devices Market 2014-2022 ($ Million)
5. Global Fiber Optic Devices Market 2014-2022 ($ Million)
6. Global Strain Gauge Transducers Market 2014-2022 ($ Million)
7. Global Pneumatic Transducers Market 2014-2022 ($ Million)
8. Global Intracranial Pressure Monitors Market Revenue in Traumatic Brain Injury 2014-2022 ($ Million)
9. Global Intracranial Pressure Monitors Market Revenue in Intracerebral Hemorrhage 2014-2022 ($ Million)
10. Global Global Intracranial Pressure Monitors Market Revenue in Meningitis 2014-2022 ($ Million)
11. Global Intracranial Pressure Monitors Market Revenue in Subarachnoid Hemorrhage 2014-2022 ($ Million)
12. Global Intracranial Pressure Monitors Market Revenue in Other Application 2014-2022 ($ Million)
13. Global Intracranial Pressure Monitors Market Revenue in Trauma Centers 2014-2022 ($ Million)
14. Global Intracranial Pressure Monitors Market Revenue in Hospitals 2014-2022 ($ Million)
15. United States (U.S.) Intracranial Pressure Monitors Market 2014-2022 ($ Million)
16. Canada Intracranial Pressure Monitors Market 2014-2022 ($ Million)
17. United Kingdom (UK) Intracranial Pressure Monitors Market 2014-2022 ($ Million)
18. France Intracranial Pressure Monitors Market 2014-2022 ($ Million)
19. Germany Intracranial Pressure Monitors Market 2014-2022 ($ Million)
20. Spain Intracranial Pressure Monitors Market 2014-2022 ($ Million)
21. Italy Intracranial Pressure Monitors Market 2014-2022 ($ Million)
22. RoE Intracranial Pressure Monitors Market 2014-2022 ($ Million)
23. India Intracranial Pressure Monitors Market 2014-2022 ($ Million)
24. China Intracranial Pressure Monitors Market 2014-2022 ($ Million)
25. Japan Intracranial Pressure Monitors Market 2014-2022 ($ Million)
26. RoAPAC Intracranial Pressure Monitors Market 2014-2022 ($ Million)
27. Latin America Intracranial Pressure Monitors Market 2014-2022 ($ Million)
28. MENA Intracranial Pressure Monitors Market 2014-2022 ($ Million)
29. Africa Intracranial Pressure Monitors Market 2014-2022 ($ Million)
1. Global External Ventricular Drainage System Market 2014-2022 ($ Million)
2. Global Lumbar Drainage System Market 2014-2022 ($ Million)
3. Global Non-Invasive ICP Monitoring Devices Market 2014-2022 ($ Million)
4. Global Microtransducer ICP Monitoring Devices Market 2014-2022 ($ Million)
5. Global Fiber Optic Devices Market 2014-2022 ($ Million)
6. Global Strain Gauge Transducers Market 2014-2022 ($ Million)
7. Global Pneumatic Transducers Market 2014-2022 ($ Million)
8. Global Intracranial Pressure Monitors Market Revenue in Traumatic Brain Injury 2014-2022 ($ Million)
9. Global Intracranial Pressure Monitors Market Revenue in Intracerebral Hemorrhage 2014-2022 ($ Million)
10. Global Global Intracranial Pressure Monitors Market Revenue in Meningitis 2014-2022 ($ Million)
11. Global Intracranial Pressure Monitors Market Revenue in Subarachnoid Hemorrhage 2014-2022 ($ Million)
12. Global Intracranial Pressure Monitors Market Revenue in Other Applications 2014-2022 ($ Million)
13. Global Intracranial Pressure Monitors Market Revenue in Trauma Centers 2014-2022 ($ Million)
14. Global Intracranial Pressure Monitors Market Revenue in Hospitals 2014-2022 ($ Million)
15. United States (U.S.) Intracranial Pressure Monitors Market 2014-2022 ($ Million)
16. Canada Intracranial Pressure Monitors Market 2014-2022 ($ Million)
17. United Kingdom (UK) Intracranial Pressure Monitors Market 2014-2022 ($ Million)
18. France Intracranial Pressure Monitors Market 2014-2022 ($ Million)
19. Germany Intracranial Pressure Monitors Market 2014-2022 ($ Million)
20. Spain Intracranial Pressure Monitors Market 2014-2022 ($ Million)
21. Italy Intracranial Pressure Monitors Market 2014-2022 ($ Million)
22. RoE Intracranial Pressure Monitors Market 2014-2022 ($ Million)
23. India Intracranial Pressure Monitors Market 2014-2022 ($ Million)
24. China Intracranial Pressure Monitors Market 2014-2022 ($ Million)
25. Japan Intracranial Pressure Monitors Market 2014-2022 ($ Million)
26. RoAPAC Intracranial Pressure Monitors Market 2014-2022 ($ Million)
27. Latin America Intracranial Pressure Monitors Market 2014-2022 ($ Million)
28. MENA Intracranial Pressure Monitors Market 2014-2022 ($ Million)
29. Africa Intracranial Pressure Monitors Market 2014-2022 ($ Million)
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