The Concussion Global Market Report 2023, provides comprehensive information on the concussion market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global concussion market size is expected to grow from $7.39 billion in 2022 to $7.63 billion in 2023 at a compound annual growth rate (CAGR) of 3.34%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of concussion market is expected to reach $8.82 billion in 2027 at a CAGR of 3.68%.
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Product Innovation is the key trend gaining popularity in the concussion market. Major companies involved in the concussion market are focused on innovating new products to improve their observation power and sustain their position in the market. For Instance, In May 2022, TecTraum Inc., a US-based designer and developer of medical devices, and Nottingham-Spirk Design Associates Inc., a US-based product design firm, developed pro2cool, which is dedicated to providing the world’s first point-of-care treatment for concussions and is the world’s first-ever medical device treatment for concussions. The pro2cool® system is a revolutionary, noninvasive hypothermic treatment device that is intended to lessen the severity of concussion symptoms and allow patients to recover to their pre-injury baseline as quickly as possible. The gadget cools the head and neck locally, lowering blood temperature before it hits the brain. Previous clinical investigations found that chilling the brain within days following a concussion resulted in significant improvements in clinical results.
The concussion market is segmented:
1) By Assessment: Diagnosis, Treatment
2) By Device: Imaging Devices, Magnetic Resonance Imaging (MRI) Devices, X-Ray, Computed Tomography, Monitoring Devices, Other Devices
3) By End User: Hospitals And Clinics, Diagnostic Centers, Medical Camps, Other End-Users
North America was the largest region in the concussion market in 2022.
The table of contents in TBRC’s concussion market report includes:
- Executive Summary
- Concussion Market Characteristics
- Concussion Market Trends And Strategies
- Concussion Market – Macro Economic Scenario
- Concussion Market Segmentation
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- Global Concussion Market Competitive Benchmarking
- Global Concussion Market Competitive Dashboard
- Key Mergers And Acquisitions In The Concussion Market
- Concussion Market Future Outlook and Potential Analysis
- Appendix
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