Enjoy complimentary customisation on priority with our Enterprise License!
The traumatic brain injury assessment and management devices market size is forecast to increase by USD 1,723.41 million, at a CAGR of 8.66% between 2022 and 2027. The growth of the market depends on several factors, including the increasing prevalence of brain surgeries, the rising awareness about traumatic brain injuries, and the rise of road accidents. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
The increasing prevalence of brain surgeries is notably driving the market growth, although factors such as the scarcity of skilled neurologists and neurodiagnostic technicians may impede the market growth. 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 forecast 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.
Get a glance at the market contribution of various segments Request a PDF Sample
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 forecast period.
For more insights on the market share of various regions Request PDF Sample now!
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.
The report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest market trends and growth opportunities from 2017 to 2027.
In the market, hospitals, including prominent institutions like Penn Medicine, play a crucial role in implementing advanced technologies for patient care. The introduction of cutting-edge devices, such as the Pavilion Class Medical Device, equipped with artificial intelligence and machine learning technology, is transforming the landscape of traumatic brain injury assessment and management. These innovative devices offer state-of-the-art diagnostic and therapeutic capabilities, enhancing the precision and efficiency of treatment. The trajectory of this market is of interest to global leaders, including the Prime Minister of India, who recognizes the significance of advancements in healthcare technology. Companies like General Dynamics contribute to the development of sophisticated devices, contributing to the comprehensive approach in addressing traumatic brain injuries. As technology continues to evolve, these devices mark a significant step forward in improving outcomes and patient care in the field of traumatic brain injury assessment and management.
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 1,723.41 million |
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
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.