Albany, NY, March 31, 2016 (GLOBE NEWSWIRE) -- The recent report, titled “Intracranial Pressure Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, from Transparency Market Research (TMR) delivers a 360-degree view of the market. According to this report, the global intracranial pressure monitors market will progress at a 6.40% CAGR during the forecast period from 2015 to 2023. In 2014, the global intracranial pressure monitors market was estimated at US$210.5 mn and by 2023, the market will be worth US$350.5 mn.
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Intracranial pressure monitors are medical devices supporting the measurement of the pressure inside the skull during critical care. The global intracranial pressure monitors market is driven by the sustained rise in the incidence of traumatic injuries. Furthermore, the elevated health care expenditure worldwide, along with the rising occurrence of stroke incidents globally, will drive the global intracranial pressure monitors market. On the other hand, infections arising from the invasive nature of intracranial pressure monitors will challenge the global intracranial pressure monitors market’s growth.
By type, the global intracranial pressure monitors market is segmented into air pouch devices, strain gauge transducers, fiberoptic monitors, and external ventricular drain (EVD). The EVD segment held the largest share (more than 35%) in the global intracranial pressure monitors market in 2014. EVDs are easy to use and extremely affordable, driving their demand in the market. Furthermore, EVD can be re-zeroed during any point of time, further driving their popularity among consumers. On the other hand, the air pouch devices segment will enjoy the highest CAGR during the forecast period due to the low zero-drift features offered by air pouch devices.
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Application-wise, the global intracranial pressure monitors market is divided into subarachnoid hemorrhage, meningitis, intracerebral hemorrhage, traumatic brain injury, and others. The traumatic brain injury segment held the largest share in the global intracranial pressure monitors market in 2014. Factors such as the rising incidence of traffic-related accidents, violence, and sports injuries are fuelling this segment. On the basis of end use, the global intracranial pressure monitors market is segmented into hospitals and trauma centers. The trauma centers segment led the global intracranial pressure monitors market in 2014 due to the round-the-clock availability of trained healthcare providers and growing number of critically ill patients.
Region-wise, the global intracranial pressure monitors market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). North America held more than 50% of the global intracranial pressure monitors market. The North America intracranial pressure monitors market benefits from the elevated awareness of consumers, improved healthcare infrastructure, and high acceptance of advanced monitoring equipment.
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Players in the global intracranial pressure monitors market will benefit from the shift from invasive to non-invasive monitoring devices. Emerging economies also offer good sustained growth opportunities to companies. Some of the key players operating in the global intracranial pressure monitors market are Spiegelberg, Raumedic, Medtronic, Integra LifeSciences, HeadSense Medical, Haying Medical, and Codman & Shurtleff.
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Source:Transparency Market Research