Traumatic Brain Injury Assessment and Management Devices Market
Number of pages: 100 | Report Format: PDF | Published date: April 13, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 2.95 billion |
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Market Size Value in 2031 |
US$ 5.62 billion |
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CAGR |
7.4% |
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Base Year For Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Devices, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global traumatic brain injury assessment and management devices market was valued at US$ 2.95 billion in 2022 and is expected to register a revenue CAGR of 7.4% to reach US$ 5.62 billion by 2031.
Traumatic Brain Injury Assessment and Management Devices Market Fundamentals
Traumatic brain injury (TBI) is a significant medical illness that can have long-term consequences for a person’s physical, cognitive, and emotional well-being. It is caused by a brief impact or shock to the head, which can cause brain damage. TBI can range from moderate to severe, and it is critical to appropriately identify and treat the condition to prevent additional damage and improve results. TBI is a major public health concern with a rising disease burden globally. TBI severity varies, with serious incidents resulting in profound physical, cognitive, and emotional impairments. Even moderate injuries, most of them, can result in post-concussive symptoms (comprising a variety of physical, cognitive, emotional, and sleep-related) that impede patients’ function.
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Traumatic Brain Injury Assessment and Management Devices Market Dynamics
The rising prevalence of brain surgery is significantly driving market revenue expansion. Hospitals, governments, and other organizations are investing in developing and expanding specialized neurological hospitals to meet the rising need for improved medical treatment for patients suffering from neurological disorders and ailments. Because of the rise in brain disorders and traumatic brain injuries necessitating brain surgery, some hospitals have built brain trauma rehabilitation centers. Using pressure monitors suggests a profitable development prospect as a new market trend. When the pressure inside the skull rises due to brain injury, this is increased intracranial pressure. Intracranial pressure monitoring devices and equipment help monitor intracranial pressure, which can be a serious and life-threatening medical condition. The pressure can harm the brain and spinal cord by pressing on key tissues and decreasing blood flow into the brain. The rise of the pressure monitor market has been encouraged by an increase in the frequency of head injuries and neurological disorders. A rising desire for less invasive neuro treatments due to reduced pain, infection risk, and faster recovery is expected to drive demand for TBI assessment and management devices. Furthermore, a rising number of initiatives and programs relating to brain injuries being conducted by governments throughout the globe are likely to boost market revenue expansion.
There are several restraints in the global traumatic brain injury assessment and management devices market. Traumatic brain injury assessment and management devices are often expensive, making them unaffordable for many healthcare facilities. Many healthcare professionals may need to be made aware of the latest advancements in traumatic brain injury assessment and management devices, which can limit their adoption and use. The development and commercialization of traumatic brain injury assessment and management devices are subject to stringent regulations, which can increase the time and cost of bringing new products to market. The effective use of traumatic brain injury assessment and management devices requires skilled professionals, including neurologists, neurosurgeons, and other specialized healthcare professionals. The shortage of such professionals in some regions can limit the adoption and use of these devices. The reimbursement policies for traumatic brain injury assessment and management vary across regions and countries, which can limit their adoption and use in some healthcare systems.
Traumatic Brain Injury Assessment and Management Devices Market Ecosystem
The global traumatic brain injury assessment and management devices are analyzed from three perspectives: devices, end-users, and region.
Traumatic Brain Injury Assessment and Management Devices Market by Devices
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Based on devices, the global traumatic brain injury assessment and management devices market is segmented into imaging and monitoring devices.
The imaging devices segment accounts for the largest revenue share in the global market. The imaging devices segment dominates the global traumatic brain injury assessment and management devices market, as imaging is one of the most important tools for diagnosing and assessing traumatic brain injuries. Imaging devices, such as computed tomography (CT) scanners, magnetic resonance imaging (MRI) machines, X-Ray, and others, provide detailed images of the brain that can help healthcare providers identify the location and severity of any brain damage or abnormalities. CT scanners are commonly used in emergency settings to diagnose and triage patients with suspected traumatic brain injuries. CT scans are quick, non-invasive, and can detect bleeding or swelling in the brain, which are common signs of traumatic brain injury. MRI machines are often used in follow-up diagnostic testing for patients with traumatic brain injuries. MRI scans provide more detailed brain images than CT scans and can detect more subtle abnormalities, such as changes in brain tissue structure or small lesions.
The monitoring devices segment in the global traumatic brain injury assessment and management devices market accounts for a notable revenue share. This segment includes intracranial pressure (ICP) monitoring and partial pressure of oxygen in brain tissue (pBrO2). These monitoring devices provide real-time data on various parameters, such as intracranial pressure, cerebral blood flow, brain tissue oxygenation, and temperature, essential for accurate diagnosis, treatment, and management of traumatic brain injury. Furthermore, the increasing prevalence of traumatic brain injuries, coupled with the growing adoption of advanced technologies in healthcare, has driven the demand for monitoring devices in the market.
The intracranial pressure (ICP) monitoring segment is a critical parameter in managing traumatic brain injury patients and is a highly utilized monitoring device. Elevated intracranial pressure can lead to further damage to the brain and can result in severe complications, including brain herniation and death. ICP monitoring provides real-time data on the pressure inside the skull and helps clinicians make informed decisions on managing the patient’s condition. With technological advances, ICP monitoring devices have become more accurate, reliable, and easier to use, leading to increased adoption in healthcare settings. Moreover, the increasing incidence of traumatic brain injury, particularly in developing countries, has driven the demand for ICP monitoring devices.
Traumatic Brain Injury Assessment and Management Devices Market by End User
Based on the end user, the global traumatic brain injury assessment and management devices market is segmented into diagnostic centers, hospitals, and others.
The diagnostic centers segment accounts for the prominent revenue share in the global market. Diagnostics centers typically have a team of highly skilled healthcare professionals with specialized training in traumatic brain injury assessment and management. They also have access to advanced diagnostic tools and equipment, thus providing accurate and reliable TBI assessments. Diagnostics centers possess a high volume of patients with traumatic brain injury, which allows them to develop significant experience and expertise in managing the condition. This experience and expertise make them a trusted TBI assessment and management source. Diagnostics centers often have a network of healthcare providers who refer patients to them for TBI assessment and management. This referral network helps them maintain a steady flow of patients and ensures they remain a primary source of TBI assessment and management services. Many insurance plans cover TBI assessment and management services provided by diagnostics centers, making them an affordable and accessible option for patients. Thus, all these factors contribute to the growth of the diagnostic center segment, thereby boosting the global market revenue growth.
Traumatic Brain Injury Assessment and Management Devices Market by Region
Based on the region, the global traumatic brain injury assessment and management devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Due to several factors, North America dominates the global traumatic brain injury assessment and management devices market. The region has a well-established healthcare infrastructure with advanced medical facilities, research institutions, and skilled healthcare professionals. This enables prompt and accurate diagnosis, treatment, and management of traumatic brain injury patients. The high prevalence of traumatic brain injury in North America has increased the demand for assessment and management devices. Additionally, the presence of major players in the market, coupled with ongoing research and development activities in the region, has led to introducing of new and innovative devices, driving the segment’s revenue growth. Moreover, favorable government initiatives and policies supporting research and development activities in the healthcare sector and increasing investment in healthcare infrastructure have contributed to the growth of North America’s traumatic brain injury assessment and management devices market revenue.
Competitive Landscape of the Traumatic Brain Injury Assessment and Management Devices Market
The prominent players operating in the global traumatic brain injury assessment and management devices market are:
Strategic Development in the Traumatic Brain Injury Assessment and Management Devices Market
The global traumatic brain injury assessment and management devices market is expected to grow at a revenue CAGR of 7.4% during the forecast period.
Integra Lifesciences Healthcare Corporation, Nihon Kohden Corp., BioDirection Inc., Raumedic AG, and other notable players are a few key players operating in the global traumatic brain injury assessment and management devices market.
The intracranial pressure (ICP) monitoring segment accounts for a prominent revenue share in the global traumatic brain injury assessment and management devices market.
Asia Pacific region is expected to observe the largest global traumatic brain injury assessment and management devices market revenue growth during the forecast period.
The global traumatic brain injury assessment and management devices market is estimated to be US$ 2.95 million in 2022.
*Insights on financial performance are subject to the availability of information in the public domain