Traumatic Brain Injury Assessment & Management Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Traumatic Brain Injury Assessment & Management Devices Market Analysis
The traumatic brain injury assessment and management devices market is expected to register a CAGR of 5.4% during the forecast period.
The COVID-19 pandemic has had widespread consequences for healthcare systems around the world. It resulted in extensive changes to the referral patterns, management, and rehabilitation of surgical conditions. For instance, according to an article published in World Neurosurgery in December 2021 on traumatic brain injury (TBI), surgical management was significantly reduced in the United Kingdom, and TBI patients were more likely to be managed locally with neurosurgical assistance outside of the neurosurgical facility during the pandemic.
Restrictions put in place by the government during COVID-19 disrupted the management of TBI patients. Additionally, traumatic brain injury instances have dramatically decreased as a result of COVID-19 limits. For instance, as per the same study mentioned above, road traffic accident (RTA)-related fatalities decreased by 22% in the UK between the pandemic period and the same period the previous year. As a result, the decrease in TBI incidence during the pandemic hampered the growth of the studied market. However, since the lockdown restrictions were lifted, the industry has been recovering well. The demand for surgical operations, treatments, and hospital visits rises as procedures are resumed, which is expected to increase the demand for TBI assessment and management devices over the forecast period.
Certain factors driving the market growth include the increasing incidence of traumatic brain injuries and initiatives by key market players. In April 2022, the BMJ Journals published an article stating that India is responsible for 21% of all new traumatic brain injury cases and nearly a quarter of all traumatic death cases worldwide. Additionally, according to a study published in the Clinical Medicine Journal in March 2021, TBI is a major and developing health issue in the United Kingdom. TBI is responsible for around 900,000 emergency department (ED) visits and over 200,000 hospital admissions in England each year and the rate of severe head imhury is between 10% and 20%. Thus, significant burden of TBI in England is expected to increase the demand for TBI assessment and management devices, which is likely to boost the market growth.
Furthermore, initiatives by key market players such as mergers and acquisitions, product approval as well as launches, are other factors contributing to the market growth. For instance, in February 2021, the US FDA approved the commercialization of a novel gadget designed to be worn around the neck of athletes aged 13 years and above during sporting activities to help protect the brain from the consequences of repetitive sub-concussive head blows. The Q-Collar is a non-invasive C-shaped collar that applies compressive force to the neck and increases blood volume to help reduce brain movement within the cranial space after a head trauma. The gadget may lessen the occurrence of specific brain abnormalities linked with brain injury.
However, the high cost of advanced devices is expected to hinder market growth.
Traumatic Brain Injury Assessment & Management Devices Market Trends
This section covers the major market trends shaping the Traumatic Brain Injury Assessment & Management Devices Market according to our research experts:
The Hospitals Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Hospitals are the primary care settings for diagnosing and treating medical conditions, including traumatic brain injury. A significant proportion of the population depends on long-term care facilities to diagnose, manage, and treat different brain injuries. Moreover, the increasing number of brain injury cases due to road accidents and sports-related brain injuries, leading to an increase in several patient visits for surgery and rehabilitation procedures in hospitals, indicates the high demand for treatment in hospitals.
Furthermore, the growing number of hospitals for patient care is expected to boost segment growth. For instance, in October 2021, Penn Medicine launched a new hospital, Pavillion, in the United States. The hospital provides inpatient care for cardiology and cardiac surgery, medical and surgical oncology, neurology and neurosurgery, and transplant surgery. Also, in September 2020, the Prime Minister of India, Shri Narendra Modi, approved the establishment of a new All India Institute of Medical Sciences (AIIMS) in Darbhanga, Bihar, which offers various services for traumatic injury and child neurology.
North America is Expected to Hold a Significant Share in the Market in the Forecast Period
The market is expected to grow significantly during the forecast period owing to factors such as the rising incidence of mild brain traumatic injuries and initiatives by market players. According to a StatPearls article published in January 2022, traumatic brain injury affects around 1.7 million people in the United States each year, with adolescents aged 15 to 19 years and adults aged 65 years and older being the most likely to develop TBI. In addition, as per the same source, there are 500 traumatic brain injuries per 100,000 people in the United States each year. To lessen the long-term effects of the population's increasing rate of traumatic injuries, improved care, and ongoing patient monitoring are required, which will spur market expansion.
Additionally, according to National Highway Traffic Safety Administration data for 2021 from the United States Department of Transportation, there were an estimated 20,160 traffic fatalities in the first half of 2021 in the United States, up 18.4% from the prior year. Therefore, the rising number of traffic accidents is likely to result in patients suffering from traumatic brain injuries who need ongoing care, which is anticipated to drive market growth.
Furthermore, the presence of significant market participants in the nation and the rise in product approvals are important growth factors for the market. For instance, the i-STAT Alinity platform, an immediate handheld traumatic brain injury (TBI) blood test gadget, was approved by the US FDA in January 2021. Similarly, in March 2021, BrainScope announced the release of its third innovative FDA-cleared algorithm for use with the BrainScope device. The Concussion Index is the first physiological marker of concussive damage that helps doctors objectively examine patients at baseline, at the moment of injury, and during recovery.
Traumatic Brain Injury Assessment & Management Devices Industry Overview
The traumatic brain injury assessment and management devices market is competitive and consists of a few major players. Companies like NanoDx, Inc., BrainScope, Compumedics, Elekta AB, Integra Lifesciences, Natus Medical Incorporated, Neural Analytics, Inc., Nihon Kohden Corporation, among others, hold a substantial market share in the market.
Traumatic Brain Injury Assessment & Management Devices Market Leaders
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BrainScope
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Integra Lifesciences
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NanoDx, Inc.
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Natus Medical Incorporated
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Elekta AB
*Disclaimer: Major Players sorted in no particular order
Traumatic Brain Injury Assessment & Management Devices Market News
- In December 2022, The Defense Health Agency (DHA) granted General Dynamics Information Technology (GDIT), a commercial unit of General Dynamics, a USD 84 million contract to support the Traumatic Brain Injury Center of Excellence (TBICoE).
- In August 2022, BrainScope Company Inc. announced its FDA-cleared, handheld, Class 2 medical device that uses artificial intelligence and machine learning technology to identify objective biomarkers of structural (intracranial hemorrhage) and functional (concussion) brain injury in patients with suspected mild traumatic brain injury (mTBI) and received an Innovative Technology contract from Vizient, Inc., the nation's largest member-driven health care performance improvement company.
Traumatic Brain Injury Assessment & Management Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Incidence of Traumatic Brain Injuries
- 4.2.2 Technological Advancements
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4.3 Market Restraints
- 4.3.1 High Cost of Devices
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Device Type
- 5.1.1 Imaging Devices
- 5.1.2 Pressure Monitors
- 5.1.3 Point-of-Care Testing Devices
- 5.1.4 Other Device Types
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5.2 By End User
- 5.2.1 Hospitals
- 5.2.2 Diagnostic Centers
- 5.2.3 Other End Users
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Advanced Brain Monitoring, Inc
- 6.1.2 BrainScope
- 6.1.3 Compumedics
- 6.1.4 Elekta AB
- 6.1.5 NanoDx, Inc.
- 6.1.6 Integra Lifesciences
- 6.1.7 Natus Medical Incorporated
- 6.1.8 Nihon Kohden Corporation
- 6.1.9 Raumedic AG
- 6.1.10 InfraScan, Inc.
- 6.1.11 NovaSignal Corporation
- 6.1.12 SyncThink Inc,
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityTraumatic Brain Injury Assessment & Management Devices Industry Segmentation
As per the scope of the report, Traumatic Brain Injury (TBI) is a disruption in the normal function of the brain that can be caused by a blow, bump, or jolt to the head, the head suddenly and violently hitting an object or when an object pierces the skull and enters brain tissue. The medical devices that are used to assess and manage the condition are considered traumatic brain injury assessment and management devices.
The Traumatic Brain Injury Assessment and Management Devices Market is Segmented by Device Type (Imaging Devices, Pressure Monitors, Point-of-Care Testing Devices, and Others), End-User (Hospitals, Diagnostic Centers, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Device Type | Imaging Devices | |
| Pressure Monitors | ||
| Point-of-Care Testing Devices | ||
| Other Device Types | ||
| By End User | Hospitals | |
| Diagnostic Centers | ||
| Other End Users | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Traumatic Brain Injury Assessment & Management Devices Market Research FAQs
What is the current Global Traumatic Brain Injury Assessment and Management Devices Market size?
The Global Traumatic Brain Injury Assessment and Management Devices Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Global Traumatic Brain Injury Assessment and Management Devices Market?
BrainScope, Integra Lifesciences, NanoDx, Inc., Natus Medical Incorporated and Elekta AB are the major companies operating in the Global Traumatic Brain Injury Assessment and Management Devices Market.
Which is the fastest growing region in Global Traumatic Brain Injury Assessment and Management Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Traumatic Brain Injury Assessment and Management Devices Market?
In 2024, the North America accounts for the largest market share in Global Traumatic Brain Injury Assessment and Management Devices Market.
What years does this Global Traumatic Brain Injury Assessment and Management Devices Market cover?
The report covers the Global Traumatic Brain Injury Assessment and Management Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Traumatic Brain Injury Assessment and Management Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Traumatic Brain Injury Assessment and Management Devices Industry Report
Statistics for the 2024 Global Traumatic Brain Injury Assessment and Management Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Traumatic Brain Injury Assessment and Management Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Global Traumatic Brain Injury Assessment and Management Devices Report Snapshots
- Global Traumatic Brain Injury Assessment and Management Devices Market Size
- Global Traumatic Brain Injury Assessment and Management Devices Market Share
- Global Traumatic Brain Injury Assessment and Management Devices Market Trends
- Global Traumatic Brain Injury Assessment and Management Devices Companies
