Concussion Market by Type (Mild, Moderate, Severe), Diagnosis (Magnetic Resonance Imaging (MRI) Devices, Computed Tomography (CT) Scan, X-ray), Treatment (Medications, Therapies), End-User (Hospitals & Clinics, Diagnostic Centers, Medical Camps), & Region for 2024– 2031

Concussion Market Valuation – 2024-2031

The growing awareness and concerns about the long-term effects of concussions, particularly in sports like American football, rugby, and soccer, are the primary drivers of the concussion market. Concussions have been proven to increase the incidence of motor vehicle accidents, highlighting the need for improved standards and management practices for return-to-drive decisions following a concussion. According to the analyst from Market Research, the concussion market is estimated to reach a valuation of USD 9.51 Billion by 2031 over the forecast subjugating around USD 7.4 Billion valued in 2024.

Furthermore, the increased usage of concussion evaluation tools, as well as the development of new technologies such as driving simulators, are projected to accelerate the concussion market’s growth. It enables the market to grow at a CAGR of 3.50% from 2024 to 2031.

Concussion MarketDefinition/Overview

Concussion is a mild traumatic brain injury induced by a blow, knock, or jolt to the head that impairs normal brain function. It can cause transitory symptoms including headaches, confusion, dizziness, and memory loss, but it seldom causes permanent damage.

Furthermore, concussions are a big concern in sports, especially contact sports such as football, hockey, and soccer, where players are in danger of suffering brain injuries. Concussions must be properly managed to avoid future injury and allow the brain to heal completely. This includes protocols for prompt removal from play, medical examination, and a gradual return to exercise after symptoms have subsided. Concussions are equally common in other settings, such as car accidents and falls, and require similar examination and treatment.

What are the Aspects Influencing the Growth of the Concussion Market?

The growing frequency of sports-related concussions is a major driver in the concussion market. The Centers for Disease Control and Prevention (CDC) estimates that 1.6 to 3.8 million sports and recreation-related concussions occur in the United States each year. A study published in the journal Pediatrics discovered that the rate of confirmed concussions among children aged 10 to 19 years increased by 71% between 2010 and 2015. This rising frequency is fueling the need for better concussion diagnostic, management, and treatment options.

Increase in understanding of the long-term repercussions of concussions is propelling market expansion. According to the Brain Injury Research Institute, 5-10% of athletes will get a concussion during a sporting season. Also, research published in JAMA Neurology discovered that 87% of former football players had symptoms of chronic traumatic encephalopathy (CTE), a degenerative brain condition caused by repeated head hits. This greater awareness is resulting in more frequent diagnoses and increased demand for concussion management goods and services.

Furthermore, increased investment in concussion research drives market innovation. In 2020, the National Institutes of Health (NIH) reported funding for more than $100 million in concussion-related research initiatives. Also, the NCAA and the Department of Defense have collaborated on a $30 million study, the largest concussion study in history, with over 40,000 student-athletes. This increase in research investment is encouraging the development of novel technology and therapies in the concussion market.

What are the Primary Challenges Faced by the Concussion Market?

In some sectors, there is a lack of knowledge about concussions and their potential long-term repercussions. This slows market growth by causing underdiagnosis and undertreatment. Improving education and understanding about concussions, especially in areas with poor healthcare resources, is critical to overcoming this obstacle.

Patients struggle to acquire concussion treatment or rehabilitation due to the high expense of these services, especially in locations with limited healthcare resources or those without adequate insurance coverage. Improving the pricing and accessibility of concussion care is critical to driving market growth.

Category-wise Acumens

What Factors Contribute to the Increasing Demand for Mild Concussions?

According to analyst, the mild concussion segment is expected to dominate within the concussion market. Mild concussions are the most common type of concussion, usually produced by minor blows or jolts to the head. They are distinguished by symptoms such as headache, dizziness, disorientation, and sensitivity to light or noise, which typically recover in a few days to a week with rest and pain relievers.

The growing popularity of contact sports and high-impact activities has resulted in a surge in sports-related concussions, boosting demand for concussion treatment products and services. Furthermore, increased public awareness of the risks connected with concussions has contributed to the segment’s domination.

Furthermore, the necessity for rapid diagnosis and treatment has resulted in the development of advanced diagnostic tools such as neuroimaging, biomarkers, and other diagnostic tests. This has improved the early detection and management of mild concussions, increasing the segment’s market share.

What Benefits Does the Magnetic Resonance Imaging (MRI) Devices Offer for the Concussion Market?

The magnetic resonance imaging (MRI) device segment is estimated to hold the largest share of the concussion market during the forecast period. MRI devices have been established as the gold standard for concussion diagnosis due to their capacity to produce precise, high-resolution images of the brain. MRI scans can detect subtle structural changes and anomalies that other imaging modalities may be visible, resulting in more accurate concussion identification and assessment.

The necessity of early and correct concussion diagnosis is becoming more widely recognized, particularly in sports and the military. This has resulted in a greater use of advanced imaging techniques like as MRI, as healthcare practitioners and organizations recognize the importance of these tools in directing proper treatment and management strategies.

Furthermore, continuous advancements in MRI technology, such as quicker scanning times, greater resolution imaging, and advanced data analysis tools, have made it a more accessible and trustworthy choice for concussion diagnosis. These improvements have strengthened the dominance of the MRI devices segment in the concussion market.

Gain Access to Concussion Market Report Methodology

Country/Region-wise Acumens

What are the Drivers Contributing to the Dominance of North America in the Market?

North America is estimated to dominate the concussion market during the forecast period. North America, particularly the United States, has a high participation rate in contact sports, which is a major driver of the concussion market. According to the National Federation of State High School Associations (NFHS), over 7.9 million students participated in high school sports during the 2018-2019 academic year. Football, a high-risk activity for concussions, has more than 1 million participants. The CDC estimates that between 1.6 and 3.8 million sports-related concussions occur each year in the United States. The region’s high risk of concussion promotes the need for concussion diagnosis, management, and treatment solutions.

Furthermore, North America’s well-developed healthcare system and increased awareness of concussions are driving market expansion. According to the American Medical Society for Sports Medicine, concussions make up 8.9% of all high school athletic injuries. Also, a study published in the journal Pediatrics discovered that the rate of diagnosed concussions among US youth aged 10 to 19 years increased by 71% between 2010 and 2015. This increased diagnosis rate indicates both increased awareness and improved healthcare infrastructure, which contributes to market growth.

What factors influence the market for Concussions in the Asia Pacific region?

The Asia Pacific region is estimated to exhibit the highest growth within the market during the forecast period. The Asia Pacific region has seen an increase in sports participation, particularly in contact sports, resulting in an increased risk of concussion. According to the Asian Football Confederation (AFC), football participation in Asia increased by 45% between 2015 and 2020, with more than 300 million active players on the continent.

Concussions and their long-term repercussions are becoming more widely understood, leading to higher diagnosis rates. A study published in the Journal of Neurosurgery found that concussion awareness campaigns in Japan resulted in a 30% rise in diagnosed cases among high school athletes between 2016 and 2019.

Furthermore, the Asia Pacific region’s population is rapidly aging, increasing the incidence of fall-related concussions. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), by 2050, one in every four persons in the region will be over the age of 60, making them a high concussion risk group.

Competitive Landscape

The concussion market is fiercely competitive, with medical device makers, pharmaceutical corporations, and healthcare providers all vying for a share of the market. These firms are racing to create breakthrough diagnostic tools, therapies, and management techniques to meet the growing need for effective concussion care.

Some of the prominent players operating in the concussion market include

• Abbott
• BrainScope Company, Inc.
• Compumedics Limited
• Elekta AB
• InfraScan, Inc.
• Integra LifeSciences
• Medtronic
• NanoDiagnostics, Inc.
• Nihon Kohden Corporation
• Novasignal Corporation

Latest Developments

• In September 2021, BrainScope Company, Inc. released BrainScope One, an Al-powered medical device designed to help physicians quickly and accurately examine patients with concussions or other traumatic brain injuries.
• In February 2021, Biogen acquired TMS, a medical device company focused on diagnosing and treating traumatic brain injuries. Biogen completed the deal to expand its product line in the concussion market.

Report Scope

Concussion Market, by Category

Type

• Mild Concussion
• Moderate Concussion
• Severe Concussion

Diagnosis

• Magnetic Resonance Imaging (MRI) Devices
• Computed Tomography (CT) Scan
• X-ray
• Others

Treatment

• Medications
• Therapies
• Others

End-User

• Hospitals and Clinics
• Diagnostic Centers
• Medical Camps
• Others

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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