Market Size –
The traumatic brain injuries assessment market size has grown strongly in recent years. It will grow from $10.05 billion in 2023 to $10.80 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to neuroscience advancements, increased awareness, military conflicts, sports-related injuries, and technological innovations.
The traumatic brain injuries assessment market size is expected to see strong growth in the next few years. It will grow to $14.60 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to aging population, rising incidence of accidents, improved diagnostics, expanding healthcare infrastructure, and growing demand for personalized rehabilitation. Major trends in the forecast period include telemedicine adoption, wearable technology integration, virtual reality therapy, personalized treatment approaches, and AI-driven diagnostics.
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Scope Of Traumatic Brain Injuries Assessment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Traumatic Brain Injuries Assessment Market Overview
Market Drivers –
The increasing number of sports injuries and road accidents is expected to propel the traumatic brain injuries assessment market going forward. Sports injuries are physical injuries sustained during sports or athletic activities, and road accidents refer to incidents involving vehicles on roads resulting in injuries or damage. The increased sports injuries and road accidents are attributed to higher participation in sports activities, increased traffic congestion, distracted driving behaviors, and inadequate safety measures. Traumatic brain injuries assessment is utilized in sports injuries and road accidents to evaluate the severity of head trauma, guide treatment decisions, and monitor recovery progress to ensure optimal outcomes for affected individuals. For instance, in June 2023, according to the National Highway Transportation Safety Administration (NHTSA), part of the US Department of Transportation, around 966 pedal cyclists were killed in 2021, which is a 1.9% increase from 2020. Furthermore, in September 2022, according to a report shared by the Government Digital Service, a UK-based government body, approximately 1,558 people were killed in documented road traffic crashes in 2021, an increase of 7% from 2020. Therefore, the increasing number of sports injuries and road accidents is driving the growth of the traumatic brain injury assessment market.
Market Trends –
Major companies operating in the traumatic brain injuries assessment market focus on developing products with advanced technology, such as an AI-derived concussion index, to enhance diagnostic accuracy and improve treatment outcomes. The AI-derived concussion index uses AI capabilities to measure or scale the severity of a concussion, typically based on various clinical indicators such as symptoms, cognitive function, and balance. For instance, in March 2021, Brainscope Company Inc., a US-based medical technology company, received Food and Drug Administration (FDA) clearance for its next-generation AI-derived concussion index algorithm integrated into its BrainScope One device. This index helps healthcare professionals quickly and objectively assess patients for concussion at the time of injury and during recovery. This index provides an improved assessment of patients’ initial brain function, the severity of the injury, and their recovery trajectory over time. This technology has the potential to reduce the need for unnecessary CT scans by over 30% in emergency departments, making it a valuable tool for diagnosing concussions while minimizing radiation exposure for patients.
The traumatic brain injuries assessment market covered in this report is segmented –
1) By Product: Screening Devices, Monitoring Devices
2) By Technique: Intracranial Pressure (ICP) Monitoring, Partial Pressure Of Oxygen In Brain Tissue (pBrO2)
3) By End-User: Hospital, Diagnostics Center, Other End Users
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Regional Insights –
North America was the largest region in the traumatic brain injuries assessment market in 2023. The regions covered in the traumatic brain injuries assessment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the traumatic brain injuries assessment market are Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic Inc., Koninklijke Philips NV, Stryker Corporation, GE Healthcare Inc., Baxter International Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., Canon Medical Systems Corporation, Bruker Corporation, Carestream Health Inc., Nihon Kohden Corp, Integra Lifesciences Corporation, Natus Medical Inc., Raumedic AG, Compumedics Limited, HALO Precision Diagnostics, NanoDx Inc., BrainScope Company Inc., Advanced Brain Monitoring Inc., Neuexcell Therapeutics, InfraScan Inc
Table of Contents
1. Executive Summary
2. Traumatic Brain Injuries Assessment Market Characteristics
3. Traumatic Brain Injuries Assessment Market Trends And Strategies
4. Traumatic Brain Injuries Assessment Market – Macro Economic Scenario
5. Global Traumatic Brain Injuries Assessment Market Size and Growth
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31. Traumatic Brain Injuries Assessment Market Other Major And Innovative Companies
32. Global Traumatic Brain Injuries Assessment Market Competitive Benchmarking
33. Global Traumatic Brain Injuries Assessment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Traumatic Brain Injuries Assessment Market
35. Traumatic Brain Injuries Assessment Market Future Outlook and Potential Analysis
36.Appendix
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