With the increased prevalence of traumatic brain injuries and hemorrhage, intracranial pressure monitors are undergoing quick and innovative technological advancement in order to establish an effective treatment regimen. Factors such as growing geriatric population, increasing traffic-related accidents, worldwide increase in the number of trauma care centers are driving the growth of the global intracranial pressure monitors. However, infections associated with the invasive nature of intracranial pressure monitors market might pull back the growth of intracranial pressure monitors market
Based on type, the global intracranial pressure monitors market has been segmented into external ventricular drain, fiberoptic monitors, strain gauge transducers, and air pouch devices. The external ventricular drain segment accounted for the largest share of the intracranial pressure monitors market in terms of revenue in 2014. External ventricular drain is extremely easy to operate and affordably priced which contributes towards the large market share of the external ventricular drain market. However, air pouch devices is expected to grow at the highest CAGR during the forecast period as these devices furnish accurate measurements coupled with lowest zero-drift characteristics.
The application segment in the intracranial pressure monitors market has been categorized into traumatic brain injury, intracerebral hemorrhage, meningitis, subarachnoid hemorrhage, and others. Traumatic brain injury was witnessed as the largest segment in terms of revenue in 2014. The dominance of traumatic brain injury was attributed to increasing incidences of sport injuries, and traffic-related accidents. The segment is also expected to expand at the highest CAGR due to rising cases of hospitalization every year related to traumatic brain injury.
Based on end-user, the intracranial pressure monitors market has been categorized into trauma centers and hospitals. Trauma centers held the largest market share in 2014 due to increasing rate of traumatic accident cases coupled with 24x7 availability of specially trained healthcare experts in trauma centers. The segment is also expected to grow at the highest CAGR during the forecast period.
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Geographically, North America accounted for the largest share of the global intracranial pressure monitors market in 2014. Factors attributed to the dominant position of North America in intracranial pressure monitors market are growing geriatric population, high prevalence of brain injuries, with acceptance of technologically advanced intracranial pressure monitors. However, Asia Pacific is anticipated to witness the highest growth during the forecast period. Fastest growth rate in this region is anticipated to emerge due to high prevalence of presence of large base of geriatric population, increasing accident rate leading to head injuries, and improving healthcare infrastructure. In addition, easy market penetration and skilled workforce in developing countries of Asia Pacific would further boost the growth of the intracranial pressure monitors market.
The global intracranial pressure monitors market is fragmented due to the presence of numerous established as well as emerging players. The prominent companies operating in the intracranial pressure monitors market are Codman & Shurtleff, Inc., Haiying Medical, HeadSense Medical, Inc., Integra LifeSciences Corporation, Medtronic, Inc., Raumedic AG, SOPHYSA, and Spiegelberg GmbH & Co. KG.
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