How is the Traumatic Brain Injuries Assessment And Management Devices Market Poised for Growth: Trends and Opportunities Through 2034
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What fueled the previous growth in the traumatic brain injuries assessment and management devices market?
The market for assessment and management devices for traumatic brain injuries has experienced robust growth in the past few years. The market value is predicted to increase from $3.49 billion in 2024 to about $3.8 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.9%. Historic developments in imaging technologies, funding and research in the military sector, clinical studies and evidence-based methods, advancements in regulatory structure, and heightened consciousness surrounding the significance of early diagnosis and proper management have all contributed to the growth observed in the historical period.
What will be the traumatic brain injuries assessment and management devices market size in the future?
The market for devices assessing and managing traumatic brain injuries is predicted to experience robust growth in the forthcoming years, potentially reaching $5.32 billion by 2029 with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to the projected growth include a surge in incidents of traumatic brain injuries, the elderly who are at higher risk of falls and age-related brain injuries, increasing public awareness of the long-term effects of concussions, and research initiatives backed by the government. Key market trends anticipated during this period encompass the incorporation of artificial intelligence (AI), wearable monitoring apparatus, the broadening of telemedicine and remote consultation services, advancements in non-invasive brain stimulation methodologies, and a rise in virtual reality (VR) applications.
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What main drivers are fueling expansion in the traumatic brain injuries assessment and management devices market?
The escalating incidents of road traffic accidents are projected to fuel the expansion of the traumatic brain injuries assessment and management devices market. Road traffic accidents pertain to vehicle collisions taking place on public roads that result in property loss, injuries, or even deaths. The proliferation of such crashes is commonly attributed to factors like the surge in vehicle numbers, speeding, distracted driving, and deficient infrastructure. Traumatic brain injury (TBI) assessment and management devices play a crucial role in treating road traffic accident survivors by facilitating swift evaluation and monitoring of brain activity so that suitable medical interventions can be applied. For instance, the National Highway Traffic Safety Administration, a US government agency, reported in August 2022 that the fatalities for the first quarter of 2022 escalated to 1.27 deaths per 100 million vehicle miles traveled, an increase from the 1.25 deaths per 100 million vehicle miles recorded in the initial quarter of 2021. Moreover, the World Health Organization, a Switzerland-based global intergovernmental body, indicated in June 2022, that road traffic accidents were responsible for close to 1.3 million deaths annually. Hence, the mounting incidents of road traffic accidents are contributing to the growth of the traumatic brain injuries assessment and management devices market.
What key areas define the segmentation 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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Which leading companies are shaping the growth of 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 emerging trends are influencing the growth of the traumatic brain injuries assessment and management devices market?
Prominent firms in the market for traumatic brain injuries assessment and management devices are shifting their focus towards developing innovative products like diagnostic hand-held devices, aiming to enhance their portability and accessibility for more efficient TBI detection and management. Diagnostic handheld devices generally include portable gadgets equipped with various sensors or technologies designed for prompt evaluation and identification of potential brain injuries at point of care, outside traditional clinical environments, which offer comfort and instant findings. For example, in November 2023, the University of Birmingham, an academic research center based in the US, introduced an innovative diagnostic device which detects traumatic brain injury (TBI) by projecting a safe laser into the eye. This system incorporates a class 1 CE marked, harmless laser with a Raman spectroscopy setup. This technique employs light to expose the structural and biochemical characteristics of molecules by examining their light scattering, thus determining the existence and amount of known biomarkers related to brain injury.
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What regions are dominating the traumatic brain injuries assessment and management devices market growth?
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.
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