Intracranial pressure monitoring market to reach $600m by 2033

The hospitals segment is anticipated to advance during the forecast period.

The global intracranial pressure (ICP) monitoring market is projected to reach $600m by 2033 at a compound annual growth rate (CAGR) of 5.1%, said Allied Market Research.

The sector’s expansion is driven by a rise in traumatic brain injuries (TBIs), a rising demand for minimally invasive procedures, and a growing geriatric population.

Moreover, the emergence of new technologies and the untapped markets in developing economies are expected to offer opportunities to bolster market growth.

By end user, the hospitals segment, which generated the largest market revenue in 2023, is expected to continue advancing throughout the forecast period.

The segment serves as the primary user of ICP monitoring devices to observe and manage patients with TBIs, strokes, and other neurological conditions.