Intracranial Pressure (ICP) Monitoring Devices Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Intracranial Pressure (ICP) Monitoring Devices Market?
The intracranial pressure (ICP) monitoring devices market is anticipated to surge due to the escalating number of traumatic brain injury (TBI) occurrences. Traumatic brain injury (TBI) is an injury to the brain inflicted by an exterior force or trauma. It’s mostly the escalating incidents of motor vehicle accidents, sports injuries, and physical assaults that cause this rise in Traumatic brain injury (TBI), and that’s where Intracranial pressure (ICP) monitoring devices come in, playing a pivotal role in managing these cases by offering real-time data concerning the pressure inside the skull. In April 2024, as per the American Association of Neurological Surgeons, a scientific and educational association based in the US, the CDC estimated that between 1.7 and 3.8 million instances of traumatic brain injuries happen annually in the United States, with sports and recreational activities accounting for 10 percent of these injuries. Hence, the surge in traumatic brain injury (TBI) occurrences is fueling the market for intracranial pressure (ICP) monitoring devices.
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What is the Predicted Annual Growth Rate of theIntracranial Pressure (ICP) Monitoring Devices Market Impact Industry Trends by 2034?
In recent years, there has been solid growth in the market for intracranial pressure (ICP) monitoring devices. The market was valued at $1.64 billion in 2024 and it is projected to increase to $1.73 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. Several factors have contributed to the historic growth of this market, including an uptick in cases of traumatic brain injuries (TBIs), an aging demographic, an increase in both awareness and diagnosis, the appeal of medical tourism, the surge in the elderly population, as well as a greater global awareness of health issues and improved access to healthcare.
The market for intracranial pressure (ICP) monitoring devices is poised for significant expansion in the upcoming years, projected to reach a valuation of $2.31 billion by 2029 at a compound annual growth rate (CAGR) of 7.5%. This anticipated increase during the projection period can be credited to factors such as the rise in personalised therapeutic methodologies, advances in telemedicine and remote surveillance, an upsurge in chronic neurological conditions, integration with electronic health records (EHR), a worldwide increase in neurosurgical procedures, and a greater emphasis on outpatient monitoring. The projection period will also see the rise of key trends such as the integration of artificial intelligence (AI), continuous monitoring solutions, industry collaborations and partnerships, a shift towards non-invasive monitoring, and home-based ICP monitoring.
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What New Market Trends Are Reshaping theIntracranial Pressure (ICP) Monitoring Devices Market and Its Opportunities?
One emerging trend that is proving to be influential in the intracranial pressure (ICP) monitoring devices market is strategic alliances. Major corporations participating in the ICP monitoring devices market are seeking collaborations to fortify their market standing. For example, in November 2022, IRRAS, a medical technology firm from Sweden, formed a partnership with Medtronic, a US-based firm in the ICP monitoring devices sector. Through this collaboration, Medtronic earns exclusive rights to endorse the IRRAflow system in certain U.S. regions. Additionally, in the same month, EMOTIV, a US firm pioneering in electroencephalography (EEG) usage, teamed up with X-trodes, an Israeli biotech firm offering wireless medical-grade monitoring solutions. The objective of this partnership is to introduce a new medical-grade solution for home-based brain monitoring research.
Who Are the Leading Market Players Fueling Growth in the Intracranial Pressure (ICP) Monitoring Devices Market Trend?
Major companies operating in the intracranial pressure (ICP) monitoring devices market include Medtronic plc, Integra LifeSciences Holding Corporation, Natus Medical Inc., Haiying Medical, Raumedic AG, Sophysa Ltd., Ad-Tech Medical Instrument Corp., Third Eye Diagnostics, Boston Neurosciences Inc., DePuy Synthes, Codman & Shurtleff Inc., NeuroWave Systems Inc., Branchpoint Technologies Inc., Cerebrotech Medical Systems Inc., Deltex Medical Group plc, Gaeltec Devices Ltd., Infrascan Inc., NeuroDx Development, NeuroVent Research Inc., Noninvasix, Vivonics Inc., Neural Analytics, Spiegelberg GmbH and Co. KG, HeadSense Medical Ltd., Moberg ICU Solutions, Nisonic AS, Vittamed Corporation, Cerebral Assessment Systems Inc., Orsan Medical Technologies Ltd.
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How is the Global Intracranial Pressure (ICP) Monitoring Devices Market Segemented?
The intracranial pressure (ICP) monitoring devices market covered in this report is segmented –
1) By Technique: Invasive, Non-Invasive
2) By Application: Traumatic Brain Injury, Intracerebral Hemorrhage, Meningitis, Subarachnoid Hemorrhage, Cerebrospinal Fluid (CSF) Management, Migraine, Stroke, Hydrocephalus, Electroencephalogram (EEG), Other Applications
3) By End User: Hospitals, Ambulatory Care And Clinics, Other End-users
Subsegments:
1) By Invasive: External Ventricular Drains (EVD), Intracranial Pressure Monitors, Subdural And Epidural Sensors, Intraparenchymal Monitors
2) By Non-Invasive: Transcranial Doppler Ultrasonography, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Optical Coherence Tomography (OCT), Pneumatic Devices
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Which Geographics are Influencing the Growth of the Intracranial Pressure (ICP) Monitoring Devices Market?
North America was the largest region in the intracranial pressure (ICP) monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intracranial pressure (ICP) monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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