With Recent Shift from Invasive to Non-Invasive Technology, Intracranial Pressure Monitors Likely to Witness Mounting Demand, says TMR 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. 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.
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. Read Full Report: http://www.transparencymarketresearch.com/intracranial-pressure-monitorsmarket.html
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 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. 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. Request For Discount On This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=6445 This study is based on the findings of a TMR report titled “Intracranial Pressure Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The global intracranial pressure monitors market has been segmented as follows: Intracranial Pressure Monitors Market, by Type External Ventricular Drainage System Lumbar Drainage System Microtransducer ICP Monitoring Devices ◦ Fiber Optic Devices ◦ Strain Gauge Devices ◦ Pneumatic Sensors • Non-invasive ICP Monitoring System Intracranial Pressure Monitors Market, by Application • • •
• Traumatic Brain Injury • Intracerebral Hemorrhage • Meningitis • Subarachnoid Hemorrhage • Others Global Intracranial Pressure Monitors Market, by End-user
• Trauma Centers • Hospitals Global Intracranial Pressure Monitors Market, by Geography • • • •
North America Europe Asia Pacific Rest of the World (RoW)
About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com