Competitive Landscape for Worldwide Intracranial Pressure Monitors Market by Segments - 2023

As the global intracranial pressure monitors market undergoes a paradigm shift from invasive to non-invasive devices, manufacturers are facing intense competition, prompting them to focus on technological advancements. Leading players such as Integra LifeSciences Corp., Medtronic Inc., and Codman & Shurtleff Inc. are aggressively integrating advanced technologies in their products. In line with this trend, companies are now racing to introduce next-generation products in the market.

Despite of being hindered by these factors, the global market for intracranial pressure monitors has a bright future ahead of it. TMR expects this market to expand at a CAGR of 6.30% during the period from 2015 to 2023, with market opportunity swelling from US$0.94 bn in 2014 to US$1.63 bn by the end of the forecast period.

Looking forward, untapped markets in emerging economies are likely to offer lucrative opportunities to participants. Entering into strategic partnerships with local players will help major companies to seize better shares in the market.

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Intracranial Pressure Monitors Gain Impetus from Rising Incidence of Traumatic Injuries

“The frenzied lifestyle of people across the world has increased the frequency of traumatic injuries and augmented the prevalence of strokes, thereby escalating the demand for intracranial pressure monitors,” says an analyst at TMR. Cranial injuries and head trauma are mostly caused by road and industrial accidents, which lead to death or permanent disability for hundreds of individuals every year. Elevated intracranial pressure causes around 2 casualties in every 10 cases of head injuries across the world. The increasing reports of brain injuries in adults as well as pediatric patients have also fueled the demand for intracranial pressure monitoring significantly.

Strokes are another prominent factor that has escalated the application of these pressure monitors. Large hemispheric strokes increase the cerebral perfusion pressure and enhance the mean flow velocity of the middle cerebral arteries in the patient, raising the intracranial pressure. The growing prevalence of high blood pressure among people across the world has augmented the frequency of strokes, thereby boosting the demand for intracranial pressure monitors substantially.

Hitherto, the risk associated with the invasive nature of intracranial pressure monitors, such as bacterial infections, hampered their adoption across the world. The reports about cerebrospinal fluid infection, which sometimes leads to fatal consequences, have limited the application of intracranial pressure monitors significantly.

Despite North America’s Claim on Leadership, Asia Pacific to Emerge Prominently

Currently, North America holds the largest share in this market and will continue to lead over the next few years. However, the future of this market lies in Asia Pacific. The rapid increase in geriatric population, rising prevalence of cerebrovascular disorders, and escalating healthcare expenditure in this region together are likely to offer rewarding opportunities to participants in the coming years.

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Advances in ICP Monitoring Techniques Poised to Fuel Intracranial Pressure Monitors Market

Cerebral monitoring is utilized for managing severe head injuries in human beings. In addition, it is also utilized in the treatment of stroke, subarachnoid hemorrhage, meningitis, hepatic failure, and intracerebral hematoma, and during carotid artery surgery and after neurosurgery. Owing to the rising occurrence of traumatic brain hemorrhages and injuries, intracranial pressure (ICP) monitors are experiencing rapid and cutting-edge technological advancements so that they may establish an efficient treatment regimen. Factors such as the rising number of accidents caused by traffic, the rising geriatric population, and the global expansion of trauma care centers are fuelling the market for intracranial pressure monitors. 

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There are mainly three types of ICP monitors. TMR, a market intelligence company, elaborates upon these three devices in terms of their placement, functions, uses, and limitations.

• Intraventricular Catheters: This is the gold standard utilized for measuring the intracranial pressure. An intraventricular catheter is inserted via a right frontal burr hole to the inside of the lateral ventricle. Placement of the intraventricular catheter becomes difficult in case of a compression or displacement of the ventricle. Intraventricular catheters are utilized for the removal of cerebrospinal fluid and for administering drugs such as antibiotics and is attached to either a transducer or a saline manometer. The utilization of intraventricular catheters becomes complicated with any type of infections, but these blockages can be fixed by flushing the entire system and using catheters containing antibiotics.

• Intraparenchymal Monitors:  These monitors are inserted in the brain by a small burr hole with a 4mm screw and are considered to be as efficient as intraventricular catheters. These monitors are accompanied by decreased rates of hemorrhages and infections. These are especially useful at times when ventricles are not accessible owing to compression due to raised intracranial pressure. Some of the limitations of intraparenchymal monitors are their inability to be recalibrated, the fact that therapeutic CSF drainage isn’t possible with them, and they are subject to drift if utilized for long periods of time.

• Subdural Pressure Transducers: These are extremely simple to place and are the least invasive type of devices. For placing subdural pressure transducers, the dura has to be pierced and the hollow device gets filled up with cerebrospinal fluid. During this filling, the pressure equalizes and the closed tubing filled with fluid passes the pressure into the transducer. With the usage of subdural pressure transducers, the rates of hemorrhages and infections have fallen, but this device isn’t as efficient as intraventricular catheters and intraparenchymal monitors. There can be a number of complications caused by the debris’ misplacement and occlusion. In addition, the removal of cerebrospinal fluid with this device is not possible.

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The prominent players operating in the market for intracranial pressure monitors include Haiying Medical, Codman & Shurtleff, Inc., HeadSense Medical, Inc., Medtronic, Inc., Integra LifeSciences Corporation, Spiegelberg GmbH & Co. KG, and Raumedic AG, SOPHYSA, among others.