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Traumatic Brain Injury Global Market Report 2024 - By Trends, Size, Share And Analysis, Outlook By 2033
Traumatic Brain Injury Market
The traumatic brain injury market size is expected to see strong growth in the next few years. It will grow to $3.8 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to neuroprotective agents, telemedicine and remote monitoring, individualized treatment plans, neuroinflammation research. Major trends in the forecast period include neurorehabilitation advances, mild tbi and concussion management, biomarker and imaging research, cognitive and emotional support.
Market Overview -
Traumatic brain injury (TBI) is a type of injury that occurs due to a sudden and external force applied to the head, causing brain damage. The common causes of traumatic brain injuries include falls, automobile accidents, sports-related injuries and violence or military combat incidents. Treating traumatic brain injuries involves a multidisciplinary approach, including medical interventions, rehabilitation and cognitive therapy.
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Escalating Road Injuries Fuel Expansion Of The Traumatic Brain Injury (TBI) Treatment Market
The rising road injuries are expected to propel the growth of the traumatic brain injury market going forward. Road injuries refer to any physical harm or damage due to incidents on roads, streets, highways, or other transportation routes. Traumatic brain injuries are often caused by road accidents, resulting in a wide range of physical and cognitive challenges for individuals affected by these incidents. Traumatic brain injury (TBI) treatment helps patients suffering from brain injuries caused by sudden road accidents with improved physical recovery, reduced complications and enhanced cognitive function. For instance, in September 2022, according to a report shared by Government Digital Service, a UK-based government body, approximately 1,558 people were killed in documented road traffic crashes in 2021, up 7% from 2020. Therefore, the rising road injuries are driving the growth of the traumatic brain injury market.
Competitive Landscape -
Major players in the traumatic brain injury market are Pfizer Inc., Medtronic PLC, Eli Lilly and Company, Stryker Corporation, Elekta AB, Integra LifeSciences Holdings Corp., Natus Medical Inc., Nihon Kohden Corporation, Raumedic AG, Qure.ai, Compumedics Ltd., Synaptive Medical Inc., BrainScope Company Inc., Neuren Pharmaceuticals Limited, SanBio Co. Ltd., Soterix Medical Inc., Inteprod LLC, BioDirection Inc., InfraScan Inc., NanoDx Inc., NeuroTrauma Sciences, Oculogica Inc., PathMaker Neurosystems Inc., Pinteon Therapeutics Inc., Vivonics Inc., Neural Analytics Inc., ReNetX Bio Inc., Sana Health Inc., Abliva AB, QuesGen Systems Inc.
Innovative Therapies And Tests Transform Traumatic Brain Injury (TBI) Market Landscape
Major companies operating in the traumatic brain injury market are developing innovative treatments and tests, such as the I-STAT TBI plasma test, to meet the changing needs of consumers. Innovative therapies and tests for traumatic brain injury (TBI) are continuously being developed and researched to improve outcomes and the quality of life for individuals affected by TBI. For instance, in January 2021, Abbott Laboratories, a US-based medical devices company, launched the I-STAT TBI plasma test, a blood test for traumatic brain injury. It measures the level of biomarkers associated with brain injury in the bloodstream to determine the need for a computerized tomography (CT) scan of the head. Additionally, the test is used to help evaluate mild TBI and is only available for use on the I-STAT Alinity instrument. The future of the I-STAT TBI Plasma test looks promising, as it has the potential to revolutionize the diagnosis and treatment of TBI and concussion.
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Key Segments -
The traumatic brain injury market covered in this report is segmented -
1) By Device: Computed Tomography; X-Ray; Imaging Devices; Magnetic Resonance Imaging Devices; Monitoring Devices; Other Devices
2) By Technique: Intracranial Pressure (ICP) Monitoring; Partial Pressure Of Oxygen In Brain Tissue (PbrO2)
3) By End-Use: Diagnostic Centers; Hospitals; Other End-Uses
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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