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How has the concussion market grown in recent years?

Over the past few years, the concussion market has witnessed consistent growth. It is projected to increase from $7.97 billion in 2024 to $8.22 billion in 2025, with a compound annual growth rate (CAGR) of 3.3%. The growth during the historic period is a result of factors such as growing awareness and education, participation in and injuries from sports, strict sports-related regulations, the development of diagnostic tools, and legal and ethical consequences.

How is the concussion market size expected to evolve during the forecast period?

Expectations are that the concussion market will experience stable growth in the forthcoming years. By 2029, it’s projected to expand to a market worth of $9.94 billion, with a compound annual growth rate (CAGR) of 4.9%. The growth within the aforementioned period can be ascribed to the continuous emphasis on sports safety, advancements in treatments, greater adherence to concussion procedures, increasing concerns related to public health, and the partnership between medical and athletic organizations. Future trends during the projected period include teleconcussion services and offsite monitoring, instructional programs aimed at concussion prevention, research into long-term impacts and chronic traumatic encephalopathy (CTE), the implementation of concussion protocols in sporting bodies, the advancement of neuroprotective treatments, and legislation and regulations concerning concussion management.

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Which key drivers are propelling the concussion market’s growth?

The concussion market is predicted to expand due to the growing prevalence of brain injuries. These injuries involve any damage that affects the brain which can lead to a variety of physical, emotional, and cognitive disabilities. An effective and early treatment of concussions can potentially diminish the impact of brain-related injuries on the overall brain health of a person via a mix of physical and cognitive rest, symptom control, and a gradual resumption of activities. The upswing in traffic mishaps has also contributed to an increase in brain injuries. As reported by NCBI (National Center for Biotechnology Information) in January 2023, a U.S. agency for biomedical and genomic data stated that about 1.7 million people in the United States suffer from traumatic brain injuries annually, with the highest risk seen amongst 15-19 year olds and seniors aged 65 and above. Moreover, the American Society of Clinical Oncology in March 2023reported that primary malignant tumors of the brain and spinal cord projected to impact 24,810 people (14,280 men and 10,530 women) in the US in 2020. It is noteworthy that brain tumors account for 85% to 90% of all such cases. Hence, the escalating prevalence of brain injuries is fueling the growth of the concussion market.

What are the market segments in the concussion industry?

The concussion market covered in this report is segmented –

1) By Assessment: Diagnosis, Treatment

2) By Device: Imaging Devices, Magnetic Resonance Imaging (MRI) Devices, X-Ray, Computed Tomography, Monitoring Devices, Other Devices

3) By End User: Hospitals And Clinics, Diagnostic Centers, Medical Camps, Other End-Users

Subsegments:

1) By Diagnosis: Clinical Assessments, Imaging Techniques

2) By Treatment: Pharmacological Treatments, Cognitive Rehabilitation, Physical Therapy

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Which leading companies are shaping the growth of the concussion market?

Major companies operating in the concussion market include Pfizer Inc., Novartis AG, Sanofi SA, Abbott Laboratories, Medtronic plc, Viatris Inc., Zydus Lifesciences Ltd., Integra LifeSciences Corporation, Nihon Kohden Corporation, Raumedic AG, Lupin Limited, NeuroPace Inc., Compumedics Limited, NeuroLogica Corporation, Neural Analytics Inc., NovaSignal Corp., Back Bay Life Science Advisors, BrainScope Company Inc., Neuro Kinetics Inc., ImPACT Applications Inc., NanoDx Inc., Neuren Pharmaceuticals Limited, Advanced Brain Monitoring Inc., ElMindA Ltd., NeurOptics Inc., InfraScan Inc., Neuro Assessment Systems Inc., NeuroTrauma Sciences LLC, SyncThink Inc., Oxeia Biopharmaceuticals Inc., Oculogica Inc., Banyan Biomarkers Inc., Emotiv Inc., BioDirection Inc., Neurologic Wellness Institute

What key trends are currently impacting the concussion market’s development?

In the concussion market, the leading trend currently gaining traction is product innovation. The primary enterprises operating in this market are concentrating on creating innovative products to enhance their market observation capability and secure their market spot. For example, in May 2022, TecTraum Inc., a medical device designer and manufacturer in the US, along with Nottingham-Spirk Design Associates Inc., a US-based product design company, launched pro2cool. This product offers the first-ever point-of-care concussion treatment and represents the inaugural medical equipment treatment for concussions globally. The pro2cool system, an innovative and non-intrusive hypothermic treatment tool, aims to decrease the intensity of concussion symptoms, enabling patients to revert to their pre-damage state as rapidly as possible. This equipment cools the head and neck specifically, reducing the temperature of the blood before it reaches the brain. Prior clinical studies discovered that cooling the brain a few days post-concussion led to substantial enhancements in clinical results.

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Which geographic areas are influencing the growth of the concussion market?

North America was the largest region in the concussion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concussion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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