Traumatic Brain Injury Diagnostic Equipment Market expected to grow US$ 5,458.94 million by 2028

The traumatic brain injury diagnostic equipment market is expected to grow from US$ 3,111.44 million in 2021 to US$ 5,458.94 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.

The report offers insights and in-depth analysis of the traumatic brain injury diagnostic equipment market concerning various parameters such as market trends and opportunities, market dynamics, and competitive landscape analysis of leading market players across North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa. It also includes the impact analysis of the COVID-19 pandemic across the regions.

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Company Profiles
NanoDx
Compumedics Limited
Elekta AB
Integra LifeSciences
Natus Medical Incorporated
Nihon Kohden Corporation
RAUMEDIC AG
BrainScope Company Inc.
NOVASIGNAL CORPORATION
Medtronic
InfraScan, Inc.

Technique-Based Insights
Based on technique, the traumatic brain injury diagnostic equipment market is segmented into intracranial pressure (ICP) monitoring and partial pressure of oxygen in brain tissue (pBrO2). In 2021, the intracranial pressure (ICP) monitoring segment held a larger market share. However, the partial pressure of oxygen in brain tissue (pBrO2) segment is estimated to register a higher CAGR of 9.0% during the forecast period.

Companies commonly adopt inorganic strategies such as mergers and acquisitions to cater to changing customer demands and maintain their brand names worldwide. Players operating in the traumatic brain injury diagnostic equipment market also adopt organic strategies, such as product launch and expansion, to outstretch their footprint and product portfolio worldwide and meet the growing demand.

By Devices
Imaging Devices
Monitoring Devices
By Technique
Intracranial Pressure (ICP) Monitoring
Partial Pressure of Oxygen in Brain Tissue (pBrO2)
By End User
Hospitals
Diagnostic Centers
Others

Countries like the US and Canada have witnessed a high prevalence rate of traumatic brain injuries because of road accidents and sports injuries. Gunshots or explosive blasts exposure is generally the leading cause of TBIs in active-duty military personnel. For instance, according to the Defense and Veterans Brain Injury Center (DVBIC), between 2000 and late 2019, about 414,000 traumatic brain injuries have been reported among the US military members. Likewise, according to the Brain Injury Association Waterloo-Wellington, around 11,000 fatalities are observed every year due to traumatic brain injuries in Canada, which resulted in over 6,000 people becoming permanently disabled with post-traumatic brain injuries.

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Due to the COVID-19 pandemic, the demand for traumatic brain injury diagnostic equipment has slumped. The traumatic brain injury diagnostic equipment market in Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. China and India are major contributors to the market growth, owing to the rising adoption of traumatic brain injury diagnostic equipment and increasing road accidents.

Device-Based Insights
Based on device, the traumatic brain injury diagnostic equipment market is bifurcated into imaging devices and monitoring devices. In 2021, the imaging devices segment held a larger market share. However, the monitoring devices segment is estimated to register a higher CAGR of 8.8% in the market during the forecast period.

Reasons for buy this Report
• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Traumatic Brain Injury Diagnostic Equipment market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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This release was published on openPR.