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.
A laboratory-developed test (LDT) is a kind of in-vitro diagnostic test that faces a limitation of being developed, manufactured and processed within an individual laboratory. In the United States, the federal government regulates the development, manufacturing and use of LDTs through the Centers for Medicare and Medicaid Services (CMS) and the Clinical Laboratory Improvement Amendments (CLIA). In July 2014, the United States Food and Drug Administration (FDA) announced to start regulating some LDTs. A number of LDTs are commercially available for the analysis of substances such as DNA, proteins, glucose and cholesterol in sample taken from human beings. There are many hospitals and laboratories that prefer to offer their own LDTs, even though FDA-approved in-vitro diagnostic tests are available on the market for the same analyte. LDT developers cannot sell their proprietary tests to hospitals, clinical laboratories and physician offices directly, and hence, adopt a business model wherein they enter into partnerships with diagnostic service providers and pathology labs that collect the sample and ship it to them.
A DNA chip, also referred to as a DNA microarray, is comparable to a computer chip. The key differentiating factor between the two is that a computer chip is imbedded with electronic circuitry, whereas a DNA gene chip is imbedded with DNA molecules. Or else it can be stated that DNA chip is a collection of DNA spots that are embedded on the solid surface. A DNA gene chip is about the size of a postage stamp. This technology has become very popular in the drug discovery and medical research sector as it significantly brings down research time. DNA microarrays play a vital role in helping medical researchers simultaneously measure the expression levels of several thousands of genes. The spiraling popularity of DNA chips has prompted many new players to enter the market and profit from their growing demand. In view of these aspects, the market for DNA gene chips is projected to show double-digit growth over the forecast period of this report. This technology is used to measure the expression levels of thousands of gene together at the same time.