Traumatic Brain Injuries Assessment And Management Devices Market 2024 - By Key Players, Regional Overview, Opportunities, Challenges And Outlook By 2033
Global traumatic brain injuries assessment and management devices market size is expected to reach $4.89 Bn by 2028 at a rate of 8.8%, segmented as by devices, imaging devices, monitoring devices
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Traumatic brain injury (TBI) assessment and management devices refer to medical equipment and technology developed to diagnose, evaluate, monitor, and treat those who have suffered a traumatic brain injury. Healthcare providers use these devices to improve the accuracy of TBI diagnosis, assure continuous patient monitoring, assess cognitive and functional deficits, and adopt appropriate treatment and rehabilitation techniques, thereby improving patient outcomes.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The traumatic brain injuries assessment and management devices market report table of contents includes:
1. Executive Summary
2. Traumatic Brain Injuries Assessment And Management Devices Market Characteristics
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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