India Intracranial Pressure Monitoring Devices Market Size & Outlook
India intracranial pressure monitoring devices market, 2018-2030 (US$M)
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India intracranial pressure monitoring devices market highlights
- The India intracranial pressure monitoring devices market generated a revenue of USD 59.3 million in 2023 and is expected to reach USD 110.9 million by 2030.
- The India market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- In terms of segment, invasive was the largest revenue generating technique in 2023.
- Non-invasive is the most lucrative technique segment registering the fastest growth during the forecast period.
Intracranial pressure monitoring devices market data book summary
| Market revenue in 2023 | USD 59.3 million |
| Market revenue in 2030 | USD 110.9 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Invasive |
| Fastest growing segment | Non-invasive |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Invasive, Non-invasive |
| Key market players worldwide | Medtronic PLC, Integra LifeSciences, Raumedic AG, Sophysa, Spiegelberg, Natus Medical, NovaSignal |
Other key industry trends
- In terms of revenue, India accounted for 3.5% of the global intracranial pressure monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan intracranial pressure monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 155.1 million by 2030.
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Intracranial Pressure Monitoring Devices Market Scope
Intracranial Pressure Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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India intracranial pressure monitoring devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intracranial pressure monitoring devices market will help companies and investors design strategic landscapes.
Invasive was the largest segment with a revenue share of 79.6% in 2023. Horizon Databook has segmented the India intracranial pressure monitoring devices market based on invasive, non-invasive covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of India’s intracranial pressure monitoring devices can be attributed to increasing government initiatives and rising incidence of TBIs due to road accidents (60%), falls (20% to 25%), and violence (10%). For instance, according to the WHO Global Report on Road Safety 2018, around 11% of road accident deaths in the world are reported in India.
Approximately, 467,044 road accidents were reported in 2018. This is anticipated to propel market growth over the forecast period. The Government of India has introduced favorable policies, such as the National Health Policy (NHP), to ensure improved healthcare outcomes.
To reduce dependence on imports, it has drafted the National Medical Device Policy to support the Make in India initiative. Moreover, a 12.0% Goods and Services Tax (GST) was introduced all over India, effective from July 2017.
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Horizon Databook provides a detailed overview of country-level data and insights on the India intracranial pressure monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into India intracranial pressure monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India intracranial pressure monitoring devices market size, by technique, 2018-2030 (US$M)
India Intracranial Pressure Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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