The global intracranial pressure monitors market is expected to reach US$350.5 mn by the end of 2023. This market was recorded at US$210.5 mn in 2014 and is expanding at a CAGR of 6.4% within a forecast period of 2015 to 2023. These statistics are collected and justified in a research report published by leading market intelligence provider Transparency Market Research.
Albany, NY -- (SBWIRE) -- 06/13/2016 -- Intracranial pressure monitors are medical devices used to measure the pressure inside a human head within the skull. This is a valuable measurement for patients kept under critical care.
The most significant reason for the growth of the global intracranial pressure monitors market, as explained in the report, is the growing number of people suffering from cerebrovascular and neurological diseases. Another major driver of the global intracranial pressure monitors market is the increase in number of cases of head trauma and head injuries around the world. The market is further fueled by a rising rate of awareness among healthcare officials regarding the benefits of using an intracranial pressure monitor.
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The report studies the global intracranial pressure monitors market according to type, applications, end use, and geography.
In terms of types, the global intracranial pressure monitors market was led by external ventricular drains, which held a 35% share in 2014. The fastest growth rate is currently shown by the segment of air pouch devices.
In terms of applications, the global intracranial pressure monitors market was dominated by the segment of traumatic brain injury in 2014 owing to a high rate of road accidents, sports injuries, and incidences of violence. In terms of end use, this market is being driven by trauma centers, as this segment not only held the largest share in 2014, but is also showing the fastest growth rate for the given forecast period.
Geographically, the global intracranial pressure monitors market was dominated by North America in 2014, when it accounted for over half the market's share. This region has consistently enjoyed a leading position in the global intracranial pressure monitors market due to the presence of an advanced healthcare infrastructure and a large number of the key players in the market. North America's share in this market could reduce over the given forecast period owing to the rapid growth rate of the Asia Pacific intracranial pressure monitors market. The Asia Pacific nations of India, China, South Korea, and Australia, among others, are showing high growth potential in this market, creating multiple opportunities for global players or new companies to set foot into this region.
The key players in the global intracranial pressure monitors market, as detailed within the research report, are Spiegelberg GmbH & Co. KG., Sophysa, Raumedic AG, Medtronic, Inc., Integra LifeSciences Corporation, HeadSense Medical, Inc., Haiying Medical, and Codman & Shurtleff, Inc.
Key Segments of the Global Intracranial Pressure Monitors Market
Intracranial Pressure Monitors Market, by Type
External Ventricular Drain
Strain Gauge Transducers
Air Pouch Devices
Intracranial Pressure Monitors Market, by Application
Traumatic Brain Injury
Intracranial Pressure Monitors Market, by End-user
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About Transparency Market Research
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