Traumatic Brain Injury Assessment & Management Devices Market
Traumatic Brain Injury Assessment & Management Devices Market Size, Share & Trends Analysis Report by Device (Imaging Device andMonitoring Device), and by End-User (Hospitals, Diagnostic Center, and Others) Forecast Period (2024-2031)
Traumatic brain injury assessment & management devices market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2024-2031). Traumatic brain injury (TBI) is a significant cause of mortality and disability globally, particularly in low- and middle-income countries. This condition requires costly care and management, putting a strain on healthcare systems. Innovative solutions, such as prognostic models, and accurate TBI assessment are critical in identifying the presence, severity, and impact of TBI and in administering appropriate care.
Market Dynamics
Increasing prevalence of brain surgeries
As the public becomes more aware of the impact of brain injuries, the demand for examinations and procedures is increasing, leading to advancements in brain injury management equipment. The elderly population, particularly those aged 65 and above, are at a higher risk of TBI-related fatalities. To provide state-of-the-art medical care to patients with neurological conditions, hospitals, government agencies, and private organizations are investing in the development and expansion of specialized neurological hospitals. With the growing number of brain injury cases, the need for brain surgery is also on the rise. Several hospitals have established brain trauma rehabilitation facilities to assist patients in their recovery.
Rising number road accidents
The age group of 5 to 29 years old is the most common for brain damage caused by road accidents. Approximately 1.19 million people lose their lives in automobile accidents each year. A TBI can occur to victims of violence who have been struck in the face or head, fallen and hit their head, violently shaken, strangled, or suffocated. According to WHO, Traffic accidents account for 2.5% of all global mortalities, and it is projected that by 2030, road traffic accidents (RTA) will become the seventh leading cause of mortalities worldwide. This represents an increase from 2.5% in 2015 to 2.6% in 2030 of total global deaths.
Market Segmentation
Our in-depth analysis of the global traumatic brain injury device market includes the following segments by device and end-user :
- Based on device, the market is sub-segmented into imaging and monitoring device.
- Based on end-user, the market is bifurcated into hospitals, diagnostic centers and others.
Hospital to hold highest share in the market
The hospital segment dominated the end-user type segment. The reason for this expansion is the rise in brain damage surgeries. As more and more skilled neurosurgeons employ cutting-edge medical equipment, hospitals stand to gain from improved patient care.
Imaging device is Projected to grow as the Largest Segment
Based on the devices, the global traumatic brain injury device market is sub-segmented into imaging and monitoring devices. Among these, imaging device holds major share in the global market. Imaging devices includes Computed Tomography (CT) scan, Magnetic Resonance Imaging (MRI) devices, and X-ray. Due to their high sensitivity, imaging devices are commonly used to evaluate patients with mild or severe TBI. This has resulted in an increasing demand for their use in diagnosing and staging neurological diseases and disorders, especially TBIs. This trend is expected to drive the segment growth. In January 2024, a new technology called macrophage-adhering gadolinium [Gd(III)]-loaded anisotropic micropatches (GLAMs) has been developed. The M-GLAMs have shown promising results in both mouse and pig models, producing a strong gadolinium-mediated MRI signal and stably attaching to macrophages. This leads to better imaging using a lower dose of gadolinium than currently used contrast agents, reducing the potential side effects of the contrast agent. Ongoing R&D in the imaginging devices is further contributing to the growth of this market segment.
Regional Outlook
The global traumatic brain injury assessment and management devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
North American countriesto lead the brain injury device market
- The market is expected to grow as wearable technology is used more frequently by stroke patients for neurorehabilitation. North America's market is experiencing tremendous growth potential because of the region's rising stroke and Parkinson's disease incidence rates as well as the existence of several well-known companies.
- Health Canada oversees the regulation of neurology devices, which are widely accessible in Canada. Among the tools used to diagnose and treat neurology disorders include imaging devices, electroencephalographs (EEGs), deep brain stimulators (DBS), and spinal cord stimulators (SCS).
Global Traumatic Brain Injury Assessment & Management Devices Market Growth by Region 2024-2031
Asia- Pacific is Fastest Growing in the Global Market
The Asia-Pacific is anticipated to exhibit highest CAGR during the forecast period. The rising number of road accidents that leads to TBI cases and growing prevalence of brain injuries due to other cause has driven the demand for the regional market. The introduction of new advanced brain assessment & management devices is anticipated to offer lucrative opportunity to the regional market growth. Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global traumatic brain injury device market include Compumedics Ltd., Integra LifeSciences Corp., InfraScan Inc., Nihon kohden corp., Advanced Brain Monitoring Inc., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in May 2023, SynPhNe partnered with Indegene, a life sciences commercialisation company, to introduce its Synergistic Physio-Neuro Platform to the market. The company has developed a unique wearable solution that connects the brain and muscles in one system and is claimed to be the first-of-its-kind device of its kind.
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global traumatic brain injury device market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Integra Lifesciences
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Compumedics Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Nihon Kohden Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. InfraScan, Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Advanced Brain Monitoring, Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Traumatic Brain Injury Assessment & Management Devices Market by Device
4.1.1. Imaging device
4.1.2. Monitoring device
4.2. Global Traumatic Brain Injury Assessment & Management Devices Market by End-User
4.2.1. Hospitals
4.2.2. Diagnostic Centers
4.2.3. Others (Research Centers)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. BioDirection, Inc.
6.2. Boston Scientific Corp.
6.3. BrainScope
6.4. Elekta AB
6.5. General Electric Co.
6.6. Koninklijke Philips NV
6.7. NanoDx, Inc.
6.8. Natus Medical Inc.
6.9. Neural Analytics, Inc.
6.10. NovaSignal Corp.
6.11. Oculogica
6.12. Raumedic AG
6.13. SyncThink Inc,
1. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2023-2031 ($ MILLION)
2. GLOBAL IMAGING TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL MONITORING TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
5. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES FOR HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES FOR DIAGNOSTIC CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. NORTH AMERICAN TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
10. NORTH AMERICAN TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2023-2031 ($ MILLION)
11. NORTH AMERICAN TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
12. EUROPEAN TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
13. EUROPEAN TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2023-2031 ($ MILLION)
14. EUROPEAN TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
15. ASIA-PACIFIC TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. ASIA-PACIFIC TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2023-2031 ($ MILLION)
17. ASIA-PACIFIC TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
18. REST OF THE WORLD TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. REST OF THE WORLD TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2023-2031 ($ MILLION)
20. REST OF THE WORLD TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
1. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SHARE BY DEVICE, 2023 VS 2031 (%)
2. GLOBAL IMAGING TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL MONITORING TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SHARE BY END-USER, 2023 VS 2031 (%)
5. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES FOR HOSPITALS MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES FOR DIAGNOSTIC CENTER MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES FOR OTHER END-USERS MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. US TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
10. CANADA TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
11. UK TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
12. FRANCE TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
13. GERMANY TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
14. ITALY TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
15. SPAIN TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
16. REST OF EUROPE TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
17. INDIA TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
18. CHINA TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
19. JAPAN TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
20. SOUTH KOREA TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
21. REST OF ASIA-PACIFIC TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
22. LATIN AMERICA TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
23. MIDDLE EAST AND AFRICA TRAUMATIC BRAIN INJURY ASSESSMENT & MANAGEMENT DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
