Market Synopsis
Market Research Future (MRFR) postulates that the global intracranial pressure (ICP)
monitoring market is likely to exhibit 7.1% CAGR during the forecast period (2018-2024) due to
the increasing prevalence of neurovascular diseases like brain aneurysm and arteriovenous
malformations. Intracranial pressure monitoring devices are especially designed to measure the
pressure within the cranium which is caused by accident and trauma. Such devices are generally
used to treat traumatic brain injury. ICP measures the pressure in the skull by placing a small
probe in the skull. The probe is further attached at the other end to a monitor. The device helps
to sense the pressure caused inside the skull and transports the measurements to a recording
device.
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Market Potential and Pitfalls
With the increasing incidences of neurovascular diseases like brain aneurysm and arteriovenous
malformations, the global intracranial pressure (ICP) monitoring market is predicted to foster
during the forecast period. The increased expenditure on healthcare coupled with the strong
demand for therapeutics is some of the chief factors propelling the market growth across the
globe. The market is slated to exhibit a sturdy growth rate owing to the introduction of
favorable reimbursement policies which aim towards the betterment of the public. Moreover,
the surging biotechnology sector is likely to cause a shift in the sector and result in the growth
of ICP monitoring market.
Global Intracranial Pressure (ICP) Monitoring Market: Segmental Analysis
The global intracranial pressure (ICP) monitoring market has been segmented on the basis of
technique, route of intervention, application, device, and end-user.
By mode of route of intervention, the global intracranial pressure (ICP) monitoring market has
been segmented into epidural and intraventricular sensor.
By mode of technique, the global intracranial pressure (ICP) monitorin