High prevalence of incidences of traumatic brain injury, increasing awareness about minimally invasive techniques, escalation in the technological advancements in the field of Intracranial Pressure Monitoring are key factors contributing to high CAGR in the forecast period.
Intracranial Pressure Monitoring Market Size – USD 1.19 Billion in 2018, Industry Growth -CAGR of 6.5%, Trends– Advancements in Intracranial Pressure Monitoring platform and improved regulations for diagnostics.
According to the current analysis of Reports and Data, the global Intracranial Pressure Monitoring market was valued at USD 1.19 billion in 2018 and is expected to reach USD 1.97 billion by the year 2026, at a CAGR of 6.5%. Intracranial pressure monitoring (ICP) involves measuring the pressure in the skull by placing a small probe inside the skull, which is attached to the other end to a bedside monitor. The device senses the pressure inside the skull and sends the measurements to a recording device and hence can be compared with the normal range of the pressure inside the skull. The monitoring of intracranial pressure is used in treating various severe traumatic brain injuries, neurodegenerative diseases, and others.
The key aspects acting as the growth factors include the rising prevalence of neurological disorders and traumatic accidents, which are anticipated to propel the market of intracranial pressure monitoring devices in the forecast period. For instance, according to the World Health Organization 2018, it is estimated that about sixty-nine million individuals worldwide are expected to sustain a Traumatic Brain Injury each year. Furthermore, escalating cases of brain infection, aneurysm, and meningitis would result in an amplified requirement for ICP monitoring. An increase in the spending capacity of the individuals for the health care system is affecting boosting the market growth in the forecast period. For instance, according to the database of the World Health Organization, 2019 the two years into the Sustainable Development Goals era, global spending on health continues to rise which was US$ 7.8 trillion in 2017, suggesting about 10% of GDP and $1,080 per capita which has increased up from US$ 7.6 trillion in 2016. Moreover, the stringent regulation and the growing product recalls are anticipated to hamper the growth of the market in the coming years.
The global Intracranial Pressure Monitoring market is highly fragmented with major players like Medtronic Plc. (Ireland), RAUMEDIC Inc. (Germany), Integra LifeSciences Corporation (US), DePuy Synthes (US), Codman and Shurtleff , Inc., Vittamed, Spiegelberg GmbH & Co. KG (Germany), Sophysa SA (France), Orsan Medical Technologies, Boston Neurosciences (US), Terumo Corporation (US), and Natus Medical Incorporated (US).
Request sample copy of this report@ https://www.reportsanddata.com/sample-enquiry-form/2653
Further key findings from the report suggest
Buy now@ https://www.reportsanddata.com/checkout-form/2653
For the purpose of this report, Reports and Data has segmented the Intracranial Pressure Monitoring market on the basis of techniques, applications, end-use and region:
Techniques Outlook (Revenue in Million USD; 2016–2026)
Applications Outlook (Revenue in Million USD; 2016–2026)
End-Use Outlook (Revenue in Million USD; 2016–2026)
Regional Outlook (Revenue in Million USD; 2016–2026)
Ask for discount@ https://www.reportsanddata.com/discount-enquiry-form/2653
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2016 – 2026
Chapter 3. Indicative Metrics
3.1. Macro-Economic Indicators
3.1.1. Technological Advancements
3.1.2. Rising number of neurodegenerative disorders
3.1.3. Increase in geriatric population
Chapter 4. Global Intracranial Pressure Monitoring Segmentation & Impact Analysis
4.1. Global Intracranial Pressure Monitoring Segmentation Analysis
4.2. Industrial Outlook
4.3. Market Indicators Analysis
Request for customization@ https://www.reportsanddata.com/request-customization-form/2653
Thank you for reading our report. To know more about the customization of the report or further query about the report, please get in touch with us. Our team will ensure the report is well suited to your requirements.
Read More Related Reports:-
Head of Business Development
Direct Line: +1-212-710-1370
Reports and Data | Web: www.reportsanddata.com