Market Research Future Published a Half-Cooked Research Report on Intra-cranial
Pressure (ICP) Monitor Market Research Report.
Global Intra-cranial Pressure (ICP) Monitor market, although in its embryonic stage, is still
witnessing an outstanding growth over the past couple of years. This growth attributes to
the ability of these monitors in the field of neurosurgery in processes such as the external
ventricular draining, CSF circulation, and CSF functions among others.
Furthermore, traumatic brain injuries and diseases that are impacting the brain health such
as intra-cerebral hemorrhage, meningitis, and neurological damages among others are
fostering the market growth to an extent. The neurology sector has been witnessing the
emergence of many advent devices over the past few years which is increasing the market
size with the huge demand for ICP monitors, increasing applications of these monitors.
Resultantly, the ICP monitor market is escalating on the global platform.
Acknowledging the traction, this market is vibrating with currently; Market Research Future
(MRFR) in its recently published study report giving asserts that the global intra-cranial
pressure monitor market gaining further prominence will register a spectacular growth by
2022, growing at an impressive CAGR during the review period (2016 – 2022).
Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/2042
Additional factors substantiating the market growth include increasing government funding
and programs primarily in the developing regions to support the R&D activities undertaken
to bring more advancements and inventions in these monitors. Technological advancements
in the field of telehealth, telemetric monitoring, and in smart and connected devices along
with penetration of ubiquitous technologies such as the Internet of Things (IoT) and
Artificial Intelligence (AI) are fostering the market growth of ICP monitors.
Furthermore, factors such as the increasing prevalence of neurological diseases and
disorders of the nervous system such as Schizophrenia, Parkinson’s disease, and Cerebral
Palsy alongside the changing lifestyle led by the growing urbanization and industrialization
are fostering the market growth. Undoubtedly, improving economic conditions are
supporting the market growth enabling access to quality care and improved healthcare
worldwide
To respond to the growing demand for futuristic monitors, manufacturers are developing
devices with advanced technologies. To identify the unmet clinical needs, some caregiving
facilities are aiming to have high-quality screening (monitoring) available in their facilities.
On the flip side, factors such as high costs of ICP monitors along with the low or no
awareness among consumers towards the availability and advantages of these monitors are
obstructing the market growth. Nevertheless, new product development alongside services
made available in the developing and developed countries by the matured market players
are some of the factors expected to support the market growth during the anticipated
period, filling up the demand and supply gap.
Global Intra-cranial Pressure Monitor Market – Competitive Analysis
Global intra-cranial pressure monitor market appears to be competitive & fragmented owing
to the several small & big players accounting for a substantial market share. Through
strategic initiatives such as partnership, acquisition, collaboration, expansion, product &
technology launch, these players try to gain the competitive advantage in the market.
Key Players:
Some of the eminent leaders of the market include Compumedics Limited (Australia),
Covidien Plc. (Ireland), Natus Medical Incorporated (US), Codman & Shurtleff, Inc. (US),
Integra LifeSciences Corporation (US), Raumedic (USA), and Vittamed.
Industry/Innovation/Related News:
October 04, 2018 – IRRAS AB (Sweden), a medical technology company involved in
development and commercialization of innovative brain surgery solutions announced that it
has completed its initial review of the IRRAS recertification application for its Notified Body,
LNE/G-MED, associated with the CE Mark of the IRRAflow catheter.