Overview and Scope
Traumatic Brain Injury (TBI) diagnostic equipment refers to specialized medical devices and tools utilized to assess and diagnose traumatic injuries to the brain. It comprises of advanced imaging tools capable of detecting structural abnormalities and lesions in the brain. Additionally, neurocognitive assessment tools and software aids in assessing cognitive deficits and tracking recovery progress post-injury.
Sizing and Forecast
The traumatic brain injury diagnostics equipment market size has grown rapidly in recent years. It will grow from $1.95 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increased awareness and screening initiatives, rising incidence of traumatic brain injuries, expanding applications in sports medicine, and growing geriatric population.
The traumatic brain injury diagnostics equipment market size is expected to see rapid growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to adoption of advanced neuroimaging techniques, development of portable and point-of-care diagnostic devices, increasing research funding for tbi diagnostics, integration of artificial intelligence and machine learning in diagnostic tools, and rising demand for personalized medicine approaches. Major trends in the forecast period include expanded use of biomarkers, growth of telemedicine solutions, emergence of wearable diagnostic technologies, emphasis on non-invasive diagnostic methods, and integration of big data analytics.
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Segmentation & Regional Insights
The traumatic brain injury diagnostic equipment market covered in this report is segmented –
1) By Device Type: Imaging Devices, Monitoring Devices
2) By Technique: Noninvasive, Invasive, Combination Techniques
3) By End User: Hospitals, Clinics, Diagnostic Centers, Other End Users
North America was the largest region in the traumatic brain injury diagnostics equipment market in 2023. The regions covered in the traumatic brain injury diagnostic equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of sports injuries and road accidents are expected to propel the traumatic brain injuries diagnostics equipment 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 increase in sports injuries and road accidents is attributed to higher participation in sports activities, increased traffic congestion, distracted driving behaviors, and inadequate safety measures.TBI diagnostics equipment serves as a valuable tool in the assessment, diagnosis, treatment, and monitoring of trauma, helps to improve patient outcomes, reduce long-term disabilities, and enhance overall public health and safety. For instance, in June 2023, according to the National Highway Transportation Safety Administration (NHTSA), a US-based governmental organization, part of the US Department of Transportation, 966 pedal cyclists were killed in 2021, which is a 1.9% increase from 2020. Additionally, in September 2022, according to a report shared by Government Digital Service, a UK-based government body, approximately 1,558 people were killed in documented road traffic crashes in 2021, up 7% from 2020. Therefore, the increasing number of sports injuries and road accidents are driving the growth of the traumatic brain injury diagnostics equipment market.
Key Industry Players
Major companies operating in the traumatic brain injury diagnostic equipment market are Hitachi Medical., Canon Medical Systems Corporation, Siemens Healthineers AG, FUJIFILM Medical Systems Inc., Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Technologies, Hologic Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Nihon Kohden Corporation, Carestream Health, Bittium Corporation, Brainlab AG, Esaote SpA, Natus Medical Incorporated, Neuropace Inc., MindMaze Inc., Magstim Co. Ltd., Nico Corporation, BrainCheck Inc., BrainScope Company Inc., NeuroWave Systems Inc., Cerora Inc., InfraScan Inc.
The traumatic brain injury diagnostic equipment market report table of contents includes:
1. Executive Summary
2. Traumatic Brain Injury Diagnostic Equipment Market Characteristics
3. Traumatic Brain Injury Diagnostic Equipment Market Trends And Strategies
4. Traumatic Brain Injury Diagnostic Equipment Market – Macro Economic Scenario
5. Global Traumatic Brain Injury Diagnostic Equipment Market Size and Growth
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32. Global Traumatic Brain Injury Diagnostic Equipment Market Competitive Benchmarking
33. Global Traumatic Brain Injury Diagnostic Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Traumatic Brain Injury Diagnostic Equipment Market
35. Traumatic Brain Injury Diagnostic Equipment Market Future Outlook and Potential Analysis
36. Appendix
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