The traumatic brain injury diagnostic equipment 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 Injury Diagnostic Equipment 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 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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Scope Of Traumatic Brain Injury Diagnostic Equipment 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 Injury Diagnostic Equipment Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the traumatic brain injury diagnostics equipment market are focused on developing products integrated with advanced technology such as AI-based smart speed image-reconstruction technology. AI-based smart speed image-reconstruction technology utilizes artificial intelligence algorithms to rapidly reconstruct medical images with enhanced quality, reducing scan times and improving diagnostic accuracy in various imaging modalities such as MRI and CT scans. For instance, in March 2024, Koninklijke Philips N.V., a Netherlands-based health technology company, and SyntheticMR AB, a Sweden-based company providing innovative software solutions for MRI, launched a Smart Quant Neuro 3D system. It’s an AI-enabled quantitative brain imaging system designed to advance neurology care. It uses AI-based SmartSpeed image-reconstruction technology from Philips, which increases imaging speed by nearly three times while providing up to 65% greater resolution. It assists in scanning patients and can help accelerate the radiology department’s throughput. The Smart Quant Neuro 3D MRI machine software suite can measure different brain tissues, including myelin volumes, which insulate layers around nerves, ensuring efficient electrical impulse transmission in the brain. This enables objective assessment of traumatic brain injuries, previously reliant on symptom-based tests.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Traumatic Brain Injury Diagnostic Equipment Market Report Structure
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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