The traumatic brain injuries assessment and management devices global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Traumatic Brain Injuries Assessment And Management Devices Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The traumatic brain injuries assessment and management devices market size has grown strongly in recent years. It will grow from $3.21 billion in 2023 to $3.49 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to historical developments in imaging modalities, military research and funding, clinical research and evidence-based practices, regulatory framework development, and increased awareness about the importance of early detection and appropriate management.
The traumatic brain injuries assessment and management devices market size is expected to see strong growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to the rising incidence of traumatic brain injuries, the aging population is prone to falls and age-related brain injuries, heightened awareness of the long-term consequences of concussions, and government-supported research initiatives. Major trends in the forecast period include the integration of artificial intelligence (AI), wearable monitoring devices, expansion of telemedicine platforms and remote consultation services, advancements in non-invasive brain stimulation techniques, and the expansion of virtual reality (VR).
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Scope Of Traumatic Brain Injuries Assessment And Management Devices 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 And Management Devices Market Overview
Market Drivers –
The increasing number of road traffic crashes is expected to propel the growth of the traumatic brain injuries assessment and management devices market going forward. Road traffic crashes refer to collisions involving vehicles on public roads that lead to property damage, injuries, or fatalities. Increasing road traffic crashes are often due to factors such as higher vehicle numbers, distracted driving, speeding, and inadequate infrastructure. Traumatic brain injury (TBI) assessment and management devices aid in the treatment of road traffic crash victims by enabling prompt evaluation and monitoring of brain function to guide appropriate medical interventions. For instance, in May 2022, according to an estimate published by the National Highway Traffic Safety Administration (NHTSA), a US-based federal agency, the number of fatalities in motor vehicle traffic crashes in the USA increased by 10.5%, with an estimated 42,915 deaths in 2021 compared to 38,824 fatalities in 2020. Therefore, the increasing number of road traffic crashes is driving the growth of the traumatic brain injuries assessment and management devices market.
Market Trends –
Major companies operating in the traumatic brain injuries assessment and management devices market are focusing on developing new products, such as diagnostic hand-held devices, to enhance portability and accessibility for improved TBI detection and management. Diagnostic handheld devices typically refer to portable tools equipped with sensors or technologies used to quickly assess and identify potential brain injuries at the point of care outside of traditional clinical settings, offering convenience and immediate results. For instance, in November 2023, the University of Birmingham, a US-based research university and academic medical center, launched a novel diagnostic device to detect traumatic brain injury (TBI) by shining a safe laser into the eye. This system integrates a class 1 CE-marked, eye-safe laser with a Raman spectroscopy setup, which utilizes light to unveil the biochemical and structural attributes of molecules by analyzing their light scattering, thereby identifying the presence and quantities of established biomarkers associated with brain injury.
The traumatic brain injuries assessment and management devices market covered in this report is segmented –
1) By Devices: Imaging Devices, Monitoring Devices
2) By Technology: Intracranial Pressure (ICP) Monitoring, Partial Pressure Of Oxygen In Brain Tissue
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users
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Regional Insights –
North America was the largest region in the traumatic brain injuries assessment and management devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the traumatic brain injuries assessment and management devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the traumatic brain injuries assessment and management devices market are Abbott Laboratories, Medtronic plc, Siemens Healthineers AG, Philips Healthcare, GE HealthCare Technologies Inc., Boston Scientific Corporation, Canon Medical Systems Corporation (CMSC), Masimo Corporation, Nihon Kohden Corporation, Natus Medical Incorporated, Neurosoft SA, Cadwell Industries Inc., NeuroPace Inc., Compumedics Limited, Emotiv Inc., Micromed LLC, Electrical Geodesics Inc., ANT Neuro, Neuroelectrics Corporation, BrainScope Company Inc., Hyperfine Research Inc., Advanced Brain Monitoring Inc., Moberg Research Inc., Mitsar Co. Ltd., ELMIKO Medical Equipment
Table of Contents
1. Executive Summary
2. Traumatic Brain Injuries Assessment And Management Devices Market Report Structure
3. Traumatic Brain Injuries Assessment And Management Devices Market Trends And Strategies
4. Traumatic Brain Injuries Assessment And Management Devices Market – Macro Economic Scenario
5. Global Traumatic Brain Injuries Assessment And Management Devices Market Size and Growth
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32. Global Traumatic Brain Injuries Assessment And Management Devices Market Competitive Benchmarking
33. Global Traumatic Brain Injuries Assessment And Management Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Traumatic Brain Injuries Assessment And Management Devices Market
35. Traumatic Brain Injuries Assessment And Management Devices Market Future Outlook and Potential Analysis
36. Appendix
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