Over the past few years, neurocritical care has evolved as an individual medical specialty service that links neurology, neurosurgery, and critical care medicine for management and treatment of complex, severe, life-threatening neurological complications. The rising incidences of head trauma and stroke ailments are expected to boost the growth of the industry. Additionally, increasing advances in neurosurgical techniques are further expected to fuel the growth of the neurocritical care industry.
However, according to the market forecast specialists, the increasing number of patients across the globe preferring specialty clinics for neurocritical care and the rising demand for more critical care units may impact the growth prospects of the key market players. As a result, many players in the neurocritical care industry have started adopting market forecast and model development solutions to develop a robust market model and gain a stronger foothold in the neurocritical care market space. The market forecast solutions offered by Infiniti help neurocritical care clients to design and devise a robust market model and evaluate the impact of various scenarios that could affect the growth of the industry.
The Business Challenge
A leading player in the neurocritical care space with offices spread across the globe wanted to obtain a deeper understanding of the various conditions leading to an increase in intracranial pressure (ICP), procedural penetration of ICP monitoring, and a procedural mix of various ICP monitoring modalities. The client also wanted to assess the ICP monitoring market and associate leading treatment modalities for their future growth prospects.
Our Approach and Solutions Offered
Infiniti’s market forecast specialists formulated a dashboard comprising relevant pieces of information to deliver valuable insights to the client. The dashboard included an in-depth clinical/literature database search to comprehend the treatment paradigm of individual conditions, indications of ICP monitoring, adoption trends, and penetration of ICP monitoring devices.
During the course of this market forecast engagement, the client was able to understand the distinct conditions and their contribution to the overall ICP market. Additionally, the robust market model offered by Infiniti, which included authentic financial data, helped the neurocritical care client gain an immediate acceptance among the customers and helped them devise an effective strategic plan for future growth.
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Market Forecast Engagement Benefits
- Gathered data to identify and mitigate risks across segments
- Developed a robust market model and analyzed the target market
- Devised an effective strategic plan for their future growth prospects
- Assessed current market performance and potential opportunities across geographies
Benefits of Our Integrated Approach
In a span of mere 14 weeks, the neurocritical care client was able to devise an effective strategic plan for their future growth across all verticals. Additionally, the client was also able to gain a comprehensive picture of the critical components to target in the market space. The market forecast engagement also helped the client increase their operational efficiency and reduce risks across various geographical locations.