Global Intra-cranial Pressure (ICP) Monitor market, although in its embryonic stage, is still witnessing an outstanding growth over the past couple of years. This growth attributes to the ability of these monitors in the field of neurosurgery in processes such as the external ventricular draining, CSF circulation, and CSF functions among others.
Furthermore, traumatic brain injuries and diseases that are impacting the brain health such as intra-cerebral hemorrhage, meningitis, and neurological damages among others are fostering the market growth to an extent. The neurology sector has been witnessing the emergence of many advent devices over the past few years which is increasing the market size with the huge demand for icp monitoring devices, increasing applications of these monitors. Resultantly, the ICP monitor market is escalating on the global platform.
Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) in its recently published study report giving asserts that the global intra-cranial pressure monitor market growth gaining further prominence will register a spectacular growth by 2022, growing at an impressive CAGR during the review period (2016 – 2022).
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MRFR has segmented its analysis into four key dynamics for enhanced understanding.
- By Applications
- By Techniques
- By Methods
- By Regions
Key players of Global Intra-cranial pressure (ICP) monitor market:
The major players listed in the research report are Covidien plc (Ireland), Compumedics Limited (Australia), Natus Medical Incorporated (US), Integra LifeSciences Corporation (US), Codman Shurtleff, Inc. (US), Raumedic (USA) and Vittamed.
Global Intra-cranial Pressure Monitor Market – Geographical Analysis
The Asia Pacific region is rapidly emerging as a promising market for ICP monitor, growing rapidly. Increasing incidents of neurological disorders are fuelling the market growth. Moreover, factors such as the augmenting demand for quality equipment and proliferating healthcare technology are projected to provide impetus to the market growth, leading to the increasing the uptake of ICP monitors.
The European region is another lucrative market for ICP monitors. Increasing focus on the development of advent monitors alongside rising government support for RD activities is contributing to the market growth. Also, the increasing numbers of specialty services offered by various healthcare providers foster the growth of the market in Europe.
Globally, North America is dominating the global Intra-cranial pressure monitor market. Furthermore, factors such as extensive demand and uptake of technologically advanced monitoring devices in medical, increasing public private organizations’ support for RD activities and high healthcare expenditures substantiate the market growth include. With the growing prevalence of neurological disorders, the North American ICP monitor market is expected to evaluate phenomenally by 2022.
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1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
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