In a recently published report, Non-Invasive Intracranial Pressure Monitoring Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Non-Invasive Intracranial Pressure Monitoring Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Intracranial pressure monitoring denotes the system utilized to measure and monitor the intracranial pressure (ICP). The pressure inside the skull is termed as ICP and this pressure in the cerebrospinal fluid (CSF) and brain tissue is produced by trauma or other diseases. ICP monitoring has widespread applications in the diagnostics and post-operative treatments of the patient suffering from cranial injury. The growth of the market is primarily driven by surging incidence of brain injuries and neurological disorders. For Instance: as per Neural Organization UK, 1.6 million people were admitted with a neurological mention in 2016/17 in UK while over 1 million people were admitted as emergencies with a neurological mention in the same period. Moreover, the rate of admissions have increased by 24% and 21% respectively. Additionally, shifting preference towards the non-invasive from invasive monitoring is further propelling the growth of the market. However, lack of skilled technicians impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Non-Invasive Intracranial Pressure Monitoring market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging incidences of brain injury and well-established healthcare infrastructure in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising population and swelling investments in healthcare industry would create lucrative growth prospects for the Non-Invasive Intracranial Pressure Monitoring market across Asia-Pacific region.
Major market player included in this report are:
Spiegelburg International GmbH & Co KG
Gaeltec Devices Ltd.
HeadSense Medical Ltd
NeuroDx Development LLC
Third Eye Diagnostics
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Sound Signal Detection
Blood Flow Signal Detection
Cerebral Blood Flow Monitoring
Brain Metabolism Monitoring
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Non-Invasive Intracranial Pressure Monitoring Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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