Traumatic Brain Injuries Assessment And Management Devices Global Market 2024 - Top Companies, Industry Analysis, Growth Statistics And Outlook By 2033
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
......................
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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