Traumatic Brain Injuries Assessment Market Size - By Product (Screening Devices, Monitoring Devices), By End-use (Hospitals, Diagnostic Centers), & Forecast, 2023 – 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTraumatic Brain Injuries Assessment Market Size
Traumatic Brain Injuries Assessment Market size was valued at around USD 3.3 billion in 2022 and it is estimated to reach over USD 7.2 billion in 2032. Increasing prevalence of traumatic brain injuries coupled with rising demand for non-invasive devices for TBI assessment has fueled the market growth.
Technological advancements pertaining to traumatic brain injuries assessment has increased the life expectancy among patients with neurological disorders. Additionally, growing awareness regarding clinical benefits offered by these devices for early detection and diagnosis of several neurological ailments has fostered the product demand. Rising healthcare spending for providing better healthcare infrastructure, increasing disposable income and rising government initiatives are some of the major factors responsible for increased adoption of traumatic brain injuries assessment globally.
The traumatic brain injuries assessment is a process of assessment and evaluation of to determine the presence, severity, and impact of the TBI on various aspects of the person's physical, cognitive, emotional, and functional well-being. The assessment is intended to provide an accurate diagnosis, identify specific impairments and monitor appropriate treatment and rehabilitation interventions.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Traumatic Brain Injuries Assessment Market Size in 2022 | USD 3.3 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 8.2% |
| 2032 Value Projection | USD 7.2 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 160 |
| Tables, Charts & Figures | 341 |
| Segments covered | Product, End-use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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The market for traumatic brain injury (TBI) assessment devices faces a major obstacletheir high cost. These devices often require additional expenses beyond the typical medical procedures. They incorporate cutting-edge technologies for screening and monitoring, which drives up their price compared to standard devices. Healthcare providers, especially those with tight budgets, may struggle to afford these expensive medical advancements. Regions with poor healthcare infrastructure or low incomes may also find it difficult to obtain and maintain these devices. Furthermore, ongoing maintenance and upgrades, along with the need for specialized training to use them, can add to the financial burden. This can hinder the growth of the TBI assessment device market in the years to come.
COVID-19 Impact
The COVID-19 outbreak was tough on the evaluation of head injuries, especially at the start of 2020. The virus spread like wildfire, disrupting businesses and even healthcare. During that time, people with mild or moderate head injuries might have put off getting medical help or following up on their injuries because they were worried about getting the virus or because hospitals and clinics were overwhelmed. With fewer people getting checked for head injuries, the number of assessments went down worldwide. But as things got better later on, the impact from the pandemic started to lessen. As the number of COVID-19 cases dropped and healthcare facilities got back on their feet, they started providing services again. Slowly but surely, the number of procedures went back up to where it was before the pandemic.
Traumatic Brain Injuries Assessment Market Trends
Growing incidence of traumatic brain injuries has augmented the market growth. The rise in the number of traumatic brain injuries has resulted in an increased demand for comprehensive assessments, accurate diagnosis, monitoring, and treatment planning. For instance, according to an article published by the Informa UK Limited, in 2021, around 2.5 million people in Europe is estimated to suffer from traumatic brain injury and is expected to increase in the coming years.
The growing incidence of TBIs has spurred research and development efforts in the field of assessment technologies. As a result, innovative tools, techniques, and devices have been developed to improve the accuracy, efficiency, and accessibility of TBI assessments. The growing awareness about the impact of TBIs on individuals' health and well-being has led to increased screening initiatives. Technology advancements have facilitated the integration of TBI assessments into digital platforms, enabling remote and convenient evaluation of patients.
Traumatic Brain Injuries Assessment Market Analysis
The market for assessing traumatic brain injuries (TBIs) is divided into two main categories based on the products used1. Screening Devices - These devices help detect TBIs during routine medical examinations or after a suspected head injury. - Examples include CT scans (X-rays of the brain) and MRI scans (magnetic resonance images of the brain). 2. Monitoring Devices - These devices are used to continuously track the condition of a person with a TBI. - They include devices that measure intracranial pressure (ICP) and partial pressure of oxygen in brain tissue (pBrO2). The market for screening devices currently has the largest share, and it's projected to grow at a rate of 7.7% annually until 2032. This growth is due to the increasing number of people with chronic brain problems and the development of better screening devices. Screening devices make it possible to find TBIs early, so doctors can act quickly to help people recover.
For instance, magnetoencephalography is used in conjunction with MRI for better, improved and precise analysis of neurological ailments. These devices employ standardized protocols and assessment tools, ensuring consistent evaluation with efficiency and reduce subjective biases. Therefore, screening devices in TBI assessment offer valuable clinical benefits by facilitating early detection, providing objective and standardized evaluations, saving time, monitoring progress, and contributing to research efforts thereby propelling the market growth.
When it comes to assessing traumatic brain injuries, people have been going to hospitals and diagnostic centers the most. Hospitals are in the lead, and they're expected to keep growing in the future. There are a few reasons for this. Hospitals have the best machines for checking for these injuries, and they offer easy and convenient ways to screen and monitor patients. Plus, more and more people with brain disorders are being admitted to hospitals, and there's been a growing awareness of these conditions. Hospitals also have experienced doctors and nurses who can provide the best care. All these things make hospitals the most preferred place for people to go when they need to get checked for a brain injury. So, as more and more people with chronic conditions need these services, hospitals will keep getting more business.
North America held a leading market share in the global traumatic brain injuries assessment market and is expected to grow at 7.7% CAGR by 2032. The high regional growth is attributed to expanding application of TBI assessment, high disease burden rate, technological advancements, and increased R&D spending, among others. Facilitative government support, favorable business environment, presence of key market players, increase in the number of diagnostic procedures, and rising awareness are other attributes that are anticipated to propel the market growth.
Increasing prevalence of neurological ailments such as epilepsy, Parkinson’s disease, multiple sclerosis, stroke, Alzheimer’s disease, etc. are some of the major diseases causing traumatic brain injury. For instance, according to the U.S. Department of Health & Human Services data, in 2021, around 6.5 million Americans are expected to suffer from Alzheimer’s disease. This rising burden of chronic ailments is leading to high incidence of traumatic brain injury among adult population.
Traumatic Brain Injuries Assessment Market Share
Some of the major players operating in the traumatic brain injuries assessment market are
- Advanced Brain Monitoring Inc
- BioDirection Inc
- BrainScope Inc
- Compumedics Ltd
- InfraScan, Inc
- Integra Lifesciences Corporation
- Koninklijke Philips N.V
- Natus Medical Inc
- Neural Analytics Inc
- Nihon Kohden Corporation and Oculogica
- Raumedic AG
These leading market players are implementing advanced technologies to cater to the large unmet needs of the consumers. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Traumatic Brain Injuries Assessment Industry News
- In March 2023, Abbott announced that they had received the U.S. FDA approval for Alinity I, a laboratory instrument to preform traumatic brain injury (TBI) blood test. This instrument will perform rapid i-STAT TBI Plasma test and provide accurate data to quickly assess patients with mild TBI. This regulatory approval helped the company to enhance their R&D capabilities and enhance their market presence.
- In January 2019, Oculogica, Inc. announced that they had received the U.S. FDA approval for EyeBOX, a non-invasive, baseline-free test for traumatic brain injury assessment. EyeBOX uses eye-tracking to provide objective information to aid in assessment of patients with suspected concussion. This regulatory approval helped the company to enhance their product portfolio and increase their customer base.
Traumatic brain injuries assessment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032, for the following segments
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By Product, 2018 - 2032 (USD Million)
- Screening Devices
- Computerized tomography (CT) scan
- Magnetic resonance imaging (MRI)
- Others
- Monitoring Devices
- Intracranial Pressure (ICP) Monitoring
- Partial Pressure of Oxygen in Brain Tissue (pBrO2)
By End-use, 2018 - 2032 (USD Million)
- Hospitals
- Diagnostic Centers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Sweden
- The Netherlands
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Philippines
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- Peru
- Chile
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Israel
- Iran
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