What Fueled The Previous Growth In The Traumatic Brain Injury Diagnostic Equipment Market?
The traumatic brain injury diagnostic equipment market has seen considerable growth due to a variety of factors.
• The traumatic brain injury diagnostic equipment market has grown rapidly in recent years. It will increase from $2.17 billion in 2024 to $2.43 billion in 2025, at a CAGR of 11.6%.
The growth is linked to increased awareness, screening initiatives, a rise in brain injury cases, expanding applications in sports medicine, and an aging population.
How Does the Forecast Look for the Traumatic Brain Injury Diagnostic Equipment Market?
The traumatic brain injury diagnostic equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The traumatic brain injury diagnostic equipment market is expected to grow rapidly, reaching $3.72 billion by 2029, with a CAGR of 11.2%.
Growth is attributed to the adoption of advanced neuroimaging, portable diagnostic devices, more research funding, AI integration in diagnostics, and demand for personalized medicine. Key trends include biomarker use, telemedicine growth, wearable diagnostic technology, non-invasive methods, and big data analytics integration.
What Are The Leading Drivers Of Growth In The Traumatic Brain Injury Diagnostic Equipment Market?
The escalating incidence of sports-related injuries and vehicular accidents anticipate boosting the advancement of the traumatic brain injuries diagnostic apparatus market. In sports or athletic activities, individuals may acquire physical injuries, while vehicular accidents involve events causing damage or injuries on the road. The surge in these incidents can be accredited to increased participation in sports, growing traffic congestion, distracted driving practices, and insufficient safety precautions. TBI diagnostic equipment functions as a key instrument in evaluating, diagnosing, treating and tracking trauma, which aids in enhancing patient outcomes, diminishing permanent disabilities, and improving public health and safety overall. For instance, as stated by the National Safety Council (NSC), a US-based non-profit entity, there was a 20% rise in sports and recreational injuries in 2021, a 12% surge in 2022, and a 2% growth in 2023. Additionally, Roads Australia, an advocacy organisation based in Australia stated that in 2023, 1,266 individuals tragically passed away due to road accidents in Australia, demonstrating a 7.3% increase compared to the yearly period ending in December 2022. Consequently, the rise in sports injuries and vehicular accidents is fueling the expansion of the traumatic brain injury diagnostics equipment market.
How Are The Segments Defined Within The Global Traumatic Brain Injury Diagnostic Equipment Market?
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
Subsegments:
1) By Imaging Devices: Ct Scanners, Mri Scanners, X-Ray Machines, Pet Scanners
2) By Monitoring Devices: Intracranial Pressure (Icp) Monitors, Eeg (Electroencephalogram) Monitors, Cerebral Oxygenation Monitors, Blood Flow Monitors
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How Are New Trends Impacting The Size Of The Traumatic Brain Injury Diagnostic Equipment Market?
Prominent firms in the traumatic brain injury diagnostics equipment market are concentrating their efforts on developing products that are incorporated with cutting-edge technology, such as AI-based smart speed image-reconstruction technology. This technology makes use of artificial intelligence algorithms to quickly reconstruct medical images in better quality, shortening scan durations and enhancing diagnostic precision in various imaging processes like MRI and CT scans. For example, in March 2024, Koninklijke Philips N.V., a health technology firm from the Netherlands, and SyntheticMR AB, a Sweden-based company that delivers innovative MRI software solutions, unveiled their joint project, the Smart Quant Neuro 3D system. This is an AI-powered quantitative brain imaging system engineered to elevate the standard of neurology care. It operates with AI-based SmartSpeed image-reconstruction technology from Philips, boosting the imaging speed by almost three times and offering up to 65% enhanced resolution. This system aids in scanning patients and may potentially hasten the output of the radiology department. The Smart Quant Neuro 3D's MRI machine software suite is capable of measuring different brain tissues, including myelin volumes that function as insulation for nerve layers, guaranteeing efficient electrical impulse transmission in the brain. This permits objective evaluation of traumatic brain injuries, an area that previously relied on symptom-based examinations.
Who Are the Key Players In The Traumatic Brain Injury Diagnostic Equipment Market?
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.
What Is The Most Dominant Region In The Traumatic Brain Injury Diagnostic Equipment Market?
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.
