How Has the Traumatic Brain Injuries Assessment And Management Devices Market Size Evolved in Recent Years?
The traumatic brain injuries assessment and management devices market has seen considerable growth due to a variety of factors.
• The traumatic brain injuries assessment and management devices market has grown significantly in recent years. It will increase from $3.49 billion in 2024 to $3.8 billion in 2025, at a CAGR of 8.9%.
Factors contributing to this growth include advancements in imaging modalities, increased military research, funding, clinical studies, and growing awareness about the importance of early detection and proper management.
What Are The Predictions for The Traumatic Brain Injuries Assessment And Management Devices Market in the Coming Years?
The traumatic brain injuries assessment and management devices market is expected to maintain its strong growth trajectory in upcoming years.
• The traumatic brain injuries assessment and management devices market is expected to reach $5.32 billion by 2029, with a CAGR of 8.8%.
Growth is driven by the increasing incidence of traumatic brain injuries, an aging population prone to falls, growing awareness of concussion consequences, and government-backed research initiatives. Trends include AI integration, wearable monitoring, telemedicine expansion, non-invasive brain stimulation, and virtual reality solutions.
Which Drivers Are Accelerating Growth In The Traumatic Brain Injuries Assessment And Management Devices Market?
The rise in road traffic accident incidents is set to drive up growth in the traumatic brain injuries (TBI) assessment and management devices market. Road traffic accidents involve incidents on public highways where vehicles collide, resulting in property damage, injuries, or even death. The spike in such incidents can be attributed to an increase in the number of vehicles, distracted driving, speeding, and insufficient infrastructure. TBI assessment and management devices play a crucial role in treating the victims of such accidents, offering immediate evaluation and monitoring of brain functions, which can inform suitable medical responses. For example, as reported by the National Highway Traffic Safety Administration, a US government agency, the fatality rate increased in the first quarter of 2022 to 1.27 deaths per 100 million vehicle miles traveled, compared to 1.25 in the first quarter of 2021. Furthermore, in June 2022, the World Health Organization, based in Switzerland, reported that road traffic accidents account for nearly 1.3 million deaths annually across the world. Consequently, the rising trends in road traffic accidents are fuelling growth in the TBI assessment and management devices market.
What Are The Core Segments Of The Global Traumatic Brain Injuries Assessment And Management Devices Market?
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
Subsegments:
1) By Imaging Devices: Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) Scanners, Positron Emission Tomography (PET) Scanners, X-Ray Machines
2) By Monitoring Devices: Intracranial Pressure (ICP) Monitors, Electroencephalogram (EEG) Machines, Near-Infrared Spectroscopy (NIRS) Monitors, Transcranial Doppler (TCD) Devices
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What Emerging Trends Are Influencing The Growth Of The Traumatic Brain Injuries Assessment And Management Devices Market?
Leading firms in the traumatic brain injuries assessment and management devices market are concentrating on creating innovative products like diagnostic handheld devices to escalate portability and accessibility for superior TBI detection and management. These hand-held devices are compact, sensor-equipped tools designed for swift assessment and detection of potential brain injuries outside conventional clinical environments, offering convenience and instant outcomes. For example, in November 2023, the University of Birmingham, a notable US-based research university and academic medical institution, introduced a unique diagnostic tool that uses a safe laser shone in the eye to detect traumatic brain injuries (TBI). This system fuses a class 1 CE-certified, eye-safe laser with a Raman spectroscopy mechanism, which employs light to discover the biochemical and structural characteristics of molecules through the analysis of their light scattering, essentially identifying the presence and amounts of recognized biomarkers linked with brain injuries.
Who Are the Key Players In The Traumatic Brain Injuries Assessment And Management Devices Market?
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
What Are The Regional Insights Into The Traumatic Brain Injuries Assessment And Management Devices Market?
North America was the largest region in the traumatic brain injuries assessment and management devices market in 2024. 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.
