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The traumatic brain injury assessment and management devices market size is forecast to increase by USD 1.72 billion, at a CAGR of 8.66% between 2022 and 2027. The market is expected for significant growth due to several key factors. The increasing prevalence of brain surgeries, driven by an aging population and advancements in medical technology, is one significant factor. Another factor is the rising awareness about TBIs and their long-term consequences, leading to increased demand for accurate and efficient assessment and management devices. Furthermore, the alarming rise in road accidents, a leading cause of TBIs, necessitates the development and adoption of advanced TBI assessment and management tools. These factors collectively contribute to the expansion of the TBI Assessment and Management Devices market.
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The market is advancing with technologically advanced solutions to address major causes such as sports injuries, gunshot wounds, and road traffic accidents. Organizations like MRFF and BIAA are pivotal in funding research and development for imaging devices like MRI and X-ray, crucial for diagnosing TBIs and monitoring intracranial pressure. Healthcare systems are integrating monitoring devices such as pBrO2 sensors and CT scans to improve patient outcomes in hospitals. Supply chain disruptions have spurred innovations in referral patterns and segment growth within the TBI management sector, benefiting military personnel and civilian patients alike. As awareness grows, Stanford Children’s and DVBIC play vital roles in advocating for improved TBI assessment and management practices worldwide. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing prevalence of brain surgeries is notably driving the market growth. Hospitals, governments, and other private organizations are investing in the development and expansion of specialized neurological hospitals to provide advanced medical care to the growing number of patients with neurological diseases and conditions. Due to the increase in diseases and traumatic injuries requiring surgery, brain trauma rehabilitation centers have been established in several hospitals.
For example, Barrow Neurological Institute, part of the Transitional Neurorehabilitation Center in Phoenix, Arizona, offers an intensive day program that helps older youth and adults regain the skills they need to transition to work, school, or the community after the surgery. The institute also offers outpatient care and specialized evaluation and therapy for patients diagnosed with mild traumatic injury or post-concussion injury. Such factors will drive market growth during the focus period.
The use of pressure monitors reveals a lucrative growth opportunity is an emerging trend in the market. Increased intracranial pressure occurs when the pressure inside the skull rises as a consequence of or as a result of damage. Intracranial pressure monitoring systems and equipment aid in the monitoring of intracranial pressure, which can be a significant and life-threatening medical issue. By pushing on vital tissues and reducing blood flow into the, the pressure can cause damage to the spinal cord.
The pressure monitor segment's growth has been aided by an increase in the number of occurrences of head injury and the incidence of neurodegenerative illnesses. Furthermore, rising public awareness about head injuries, as well as technology improvements, has fueled the expansion of this market.
The scarcity of skilled neurologists and neurodiagnostic technicians is a major challenge impeding the market. The accuracy and reliability of the results of EEG and EMG tests largely depend on the skills of the neurodiagnostic technician performing the tests. In addition to reading and distinguishing certain types of brain waves, EEG and EMG technicians should be able to detect and correct artifacts caused by sources other than the brain, such as eye movements or radiation from electrical sources. EEG and EMG procedures require a unique combination of knowledge of nervous system anatomy, electrophysiology, and disease pathophysiology. Therefore, EEG and EMG tests should only be performed by highly trained professionals to obtain effective clinical results.
However, there is a global shortage of trained specialists who can perform EEG procedures and analyze the results of the analysis effectively. The reason for the lack of neurodiagnostic technicians is the high cost of medical education and the lower annual salary than other specialties. The demand for neurologists is increasing due to the prevalence of neurological diseases associated with an aging population, increasing demand for neurological services, and increasing reliance on non-physician primary care. Therefore, the lack of qualified neurologists and neurodiagnostic technicians is negatively affecting the global market during the market forecasting period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Advanced Brain Monitoring Inc. - The company provides various categories of products such as apnea guard and night shift therapy, B-Alert X-Series and STAT X-Series neurotechnology, and Sleep Profiler PSG and PoSAS diagnostics. The key offerings of the company include traumatic brain injury assessment and management devices.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Based on end-user, the market is segmented into hospitals, diagnostic centers, and others. The market share growth by the hospital segment will be significant during the forecast period. A hospital is a medical facility that treats patients using specialized health science and auxiliary healthcare personnel as well as medical equipment.
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The most well-known form of a hospital is the general hospital, which usually features an emergency room to address urgent health issues such as fire and accident victims, as well as acute sickness. A district hospital is usually the region's primary healthcare institution, with a large number of intensive-care beds and additional beds for patients who require long-term care. Trauma centers, rehabilitation hospitals, children's hospitals, seniors' (geriatric) hospitals, and hospitals for specific medical requirements such as mental care (see psychiatric hospital) and certain disease categories are all examples of specialized hospitals. Hospitals are the largest segment of the global market as they are the first preference for patients suffering from traumatic brain injuries resulting from accidents and falls. Specialized care hospitals provide specific medical care for traumatic brain injury. Hence, this will contribute toward the growth of the market during the market forecast period.
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North America is estimated to account for 41% of the global market share growth during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The presence of the US, the world's largest healthcare devices market, is driving market growth in the region. The market in the region is heavily dominated by therapeutics, despite the heavy threat from ignorance of traumatic brain injuries. The lack of advanced diagnostic methods for brain injury indications often results in a delay in diagnosis and treatment, which affects the therapeutic market growth. However, most brain injuries, like injuries from trauma, cannot be treated immediately, as they are often left undiagnostic. In such scenarios, treatment using traumatic brain injury assessment and management devices remain the most preferred option, which drives market growth analysis.
The market report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market for minimally invasive procedures in traumatic brain injury (TBI) treatment is evolving with technologically advanced devices catering to major causes such as sports injuries, falls, and road traffic accidents. Innovations in imaging devices like CT, MRI, and X-ray are pivotal in diagnosing TBI instances and monitoring intracranial pressure in hospitals and diagnostic centers. Monitoring devices including pBrO2 sensors enhance patient management, especially in critical cases involving severe head injuries. Despite challenges like supply chain disruptions and high costs, advancements such as the Q-Collar for managing compressive force and blood volume show promise. With rising incidence rates and increasing hospital admissions due to TBIs, healthcare systems are adapting referral patterns and integrating AI-driven solutions like FDA-cleared algorithms and concussion indices to improve patient outcomes from moment of injury through long-term care and rehabilitation procedures.
Traumatic Brain Injury Assessment and Management Devices Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.66% |
Market growth 2023-2027 |
USD 1.72 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.28 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Brain Monitoring Inc., Boston Scientific Corp., BrainScope Co. Inc., Canon Inc., Compumedics Ltd., Elekta AB, Esaote Spa, General Electric Co., ICON plc, InfraScan Inc., Integra Lifesciences Holdings Corp., Koninklijke Philips NV, NanoDx Inc., Natus Medical Inc., Nihon Kohden Corp., NovaSignal Corp., Oculogica, RAUMEDIC AG, Siemens AG, and Vivonics Inc. |
Market dynamics |
Parent market analysis,Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Device
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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