2024 Traumatic Brain Injury Market Outlook: Size, Share, and Key Growth Drivers
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What is the Expected Growth Rate of the Traumatic Brain Injury Market from 2024 to 2033?
The traumatic brain injury market size will grow from $2.48 billion in 2023 to $2.72 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth is attributed to improved trauma care, rehabilitation therapies, concussion awareness, and military and sports research.
The traumatic brain injury market is expected to grow to $3.8 billion by 2028, with a CAGR of 8.7%. The forecasted growth is driven by neuroprotective agents, telemedicine, individualized treatment plans, and research into neuroinflammation. Trends include advancements in neurorehabilitation, mild TBI and concussion management, biomarker research, and cognitive support.
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An increase in road injuries is anticipated to fuel the traumatic brain injury market. Road accidents often cause traumatic brain injuries, impacting physical and cognitive functions. A 2021 report by the UK Government Digital Service revealed that 1,558 road traffic fatalities occurred, a 7% increase from 2020. Thus, rising road injuries are boosting the traumatic brain injury market.
1) By Device: Computed Tomography, X-Ray, Imaging Devices, Magnetic Resonance Imaging Devices, Monitoring Devices, Other Devices
2) By Technique: Intracranial Pressure (ICP) Monitoring, Partial Pressure Of Oxygen In Brain Tissue (PbrO2)
3) By End-Use: Diagnostic Centers, Hospitals, Other End-Uses
In the traumatic brain injury market, companies are introducing innovative treatments and diagnostic tests to meet evolving consumer needs. New therapies and tests aim to improve outcomes for individuals affected by traumatic brain injury (TBI). For example, in January 2021, Abbott Laboratories launched the I-STAT TBI plasma test, which measures brain injury biomarkers in the bloodstream to determine the necessity for a CT scan. The test is also used to evaluate mild TBI and is available on the I-STAT Alinity instrument. This test has the potential to revolutionize TBI diagnosis and treatment, particularly for concussions.
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North America was the largest region in the kyphoscoliosis treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kyphoscoliosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Traumatic Brain Injury Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the traumatic brain injury market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Traumatic Brain Injury Market Include
1. Traumatic Brain Injury Market Executive Summary
2. Traumatic Brain Injury Market Segments
3. Traumatic Brain Injury Market Size And Template Market Growth Rate
4. Key Traumatic Brain Injury Market Trends
5. Major Traumatic Brain Injury Market Drivers
……
25. Key Mergers And Acquisitions In The Traumatic Brain Injury Market
26. Top Traumatic Brain Injury Companies
27. Traumatic Brain Injury Market Opportunities And Strategies
28. Traumatic Brain Injury Market, Conclusions And Recommendations
29. Appendix
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