Overview and Scope
A concussion is a type of traumatic brain injury (TBI) that occurs when the brain experiences a sudden jolt or blow to the head or body, causing the brain to move rapidly back and forth within the skull. This medical condition can temporarily impair brain function and disrupt normal neurological processes.
Sizing and Forecast
The concussion market size has grown steadily in recent years. It will grow from $7.63 billion in 2023 to $7.91 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to increased awareness and education, sports participation and injuries, stringent sports regulations, advancements in diagnostic tools, legal and ethical implications..
The concussion market size is expected to see steady growth in the next few years. It will grow to $9.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to continued focus on sports safety, research and development in treatment, increased adoption of concussion protocols, growing public health concern, collaboration between medical and sports communities.. Major trends in the forecast period include teleconcussion services and remote monitoring, educational initiatives for concussion prevention, research on long-term effects and chronic traumatic encephalopathy (cte), implementation of concussion protocols in sports organizations, development of neuroprotective therapies, legislation and regulations for concussion management..
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Segmentation & Regional Insights
The concussion market covered in this report 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 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concussion 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 increase in the prevalence of brain injuries is expected to propel the growth of the concussion market going forward. Brain injuries refer to any type of injury or damage that affects the brain, resulting in a wide range of physical, cognitive, and emotional impairments. Treating concussions early and properly can help to reduce the effects of brain-related injuries on an individual’s general brain health through physical and cognitive rest, symptom management, and gradual return to activities. Additionally, rising traffic accidents have also increased the occurrence of brain injuries. For instance, in January 2023, according to the article published by the NCBI (National Center for Biotechnology Information) a US-based agency for biomedical and genomic information, every year in the United States, an estimated 1.7 million people experience traumatic brain injuries, with 15 to 19-year-olds and seniors 65 and older having the highest risk of suffering one. For instance, in March 2023, according to the American Society of Clinical Oncology, in the US, primary malignant tumors of the brain and spinal cord are expected to affect 24,810 people (14,280 men and 10,530 women) in 2020. Further, brain tumors make up 85% to 90% of all cases. Therefore, the increase in the prevalence of brain injuries is driving the growth of the concussion market.
Key Industry Players
Major companies operating in the concussion market report are Pfizer Inc., Novartis AG, Sanofi SA, Abbott Laboratories, Medtronic plc, Viatris Inc., Zydus Lifesciences Ltd., Integra LifeSciences Corporation, Nihon Kohden Corporation, Raumedic AG, Lupin Limited, NeuroPace Inc., Compumedics Limited, NeuroLogica Corporation, Neural Analytics Inc., NovaSignal Corp., Back Bay Life Science Advisors, BrainScope Company Inc., Neuro Kinetics Inc., ImPACT Applications Inc., NanoDx Inc., Neuren Pharmaceuticals Limited, Advanced Brain Monitoring Inc., ElMindA Ltd., NeurOptics Inc., InfraScan Inc., Neuro Assessment Systems Inc., NeuroTrauma Sciences LLC, SyncThink Inc., Oxeia Biopharmaceuticals Inc., Oculogica Inc., Banyan Biomarkers Inc., Emotiv Inc., BioDirection Inc., Neurologic Wellness Institute
The concussion market report table of contents includes:
1. Executive Summary
2. Concussion Market Characteristics
3. Concussion Market Trends And Strategies
4. Concussion Market – Macro Economic Scenario
5. Global Concussion Market Size and Growth
….
32. Global Concussion Market Competitive Benchmarking
33. Global Concussion Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Concussion Market
35. Concussion Market Future Outlook and Potential Analysis
36. Appendix
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