Published Date : Oct 03, 2016
ALBANY, NY, Oct 03, 2016 - MarketResearchReports.biz has announced the addition of a new report to its growing market intelligence repository, titled “Global Intracranial Pressure Monitoring Market 2016-2020,” to its offerings. The report is available for sale on the official website of MarketResearchReports.biz. According to the report, the growing geriatric population and rising prevalence of brain injuries due to accidents are aiding the growth of the market. In addition to these factors, the increasing number of companies conducting research and development is leading to advancements in intracranial pressure monitoring devices and increasing their applications, thus boosting the market.
Rising prevalence of strokes and high blood pressure among people has escalated the demand for intracranial pressure monitors across the globe. Elevated intracranial pressure is causing head injuries to an increasing number of people across the world and this has propelled the demand for these devices. On the other hand, the health risks associated with the invasive nature of these monitors are expected to have an adverse impact on their demand. These devices can cause bacterial infections and cerebrospinal fluid infections, which can be fatal in some cases. As such, these infections are expected to pose a challenge for manufacturers of intracranial pressure monitoring devices. Low penetration and acceptance rates are also impeding the growth of the market. However, the emergence of non-invasive intracranial pressure (ICP) monitoring will create opportunities of growth in the market.
The global intracranial pressure monitoring market is segmented on the basis of end user, product type, and geography. By geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The future is expected to be bright for the intracranial pressure monitoring market in Asia Pacific as the rising prevalence of cerebrovascular disorders will drive the demand for intracranial pressure monitoring devices.
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On the basis of product, the market is segmented into lumbar drainage system, external ventricular drainage system, non-invasive ICP monitoring system, and microtransducer ICP monitoring devices. By application, the market is segmented into traumatic brain injury (TBI), intracerebral hemorrhage (ICH), Subarachnoid hemorrhage (SAH), and Meningitis. On the basis of end user, the global intracranial pressure monitoring market is segmented into trauma centers and hospitals.
Key players in the market are integrating advanced technologies to enhance their product capabilities and gain a competitive edge over other players. Players are also looking for untapped market opportunities in emerging nations. Global players are entering into strategic partnerships with local players to expand their markets. Key players profiled in the report are RAUMEDIC, CAS Medical Systems, Compumedics, Electrical Geodesics, Gaeltec Devices, Haiying Medical, HeadSense Medical, Natus Medical, Neural Analytics, NeuroDx Development, Orsan Medical Technologies, Sophysa, Codman & Shurtleff Inc.
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