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Noninvasive Traumatic Brain Injury Diagnostic Equipment Market Historical Analysis, Current Market Scenario and the Potential of the Market till 2030

07-10-2024 05:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Noninvasive Traumatic Brain Injury Diagnostic Equipment Market size is expected to grow from US$ 1.349 billion in 2022 to US$ 3.541 billion by 2030.

Factors such as the accelerated demand for advanced diagnostic equipment and quick and effective diagnosis for TBI patients propel the non-invasive traumatic brain injury diagnostic equipment market growth. However, the adverse effects of contrast medium/agent impede the growth of the market.

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Analysis of the Top Market Players:

1. GE HealthCare Technologies Inc
2. Elekta AB
3. Integra LifeSciences Holdings Corp
4. Natus Medical Inc
5. Raumedic AG
6. BrainScope Co Inc
7. Luciole Medical AG
8. Soterix Medical Inc
9. Medtronic Plc
10. Vivonics Inc

In this report, the market has been segmented on the basis of:

• Electroencephalography
• Eye Tracking And Near-Infrared Spectroscopy
• Magnetoencephalography
• Transcranial Magnetic Stimulation
• Cerebral Metabolic Rate Of Oxygen
• Magnetic Resonance Imaging
• Intracranial Pressure
• Brain-Computer Interface
• Cerebral Metabolic Rate Of Oxygen

Device Type
• Imaging Devices
• Monitoring Devices

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Growth Drivers:

Quick and Effective Diagnosis for TBI Patients Drives Non-invasive Traumatic Brain Injury Diagnostic Equipment Market Growth

The main hurdle for the recovery of TBI is that it is often left undiagnosed or misdiagnosed. In the past, concussions and TBIs were diagnosed through diagnostic equipment such as computed tomography (CT) scans and other neurological examinations. However, the use of CT can increase the risk of cancer due to radiation exposure. Therefore, a prompt and accurate brain injury diagnosis is of utmost importance to address mild to severe brain injuries. In October 2023, the Biomedical Advanced Research and Development Authority (BARDA) announced a collaboration with GE Healthcare to develop a novel artificial intelligence (AI)-augmented ultrasound technology in order to promote rapid diagnosis of traumatic injuries. Also, BARDA will support GE Healthcare in developing a portable ultrasound system to enhance disaster preparedness with fast response for trauma care during mass casualty incidents. Therefore, technological advancements are expected to bring new non-invasive traumatic brain injury diagnostic equipment market trends in the coming years.

Emergence of Portable Nonivasive Monitoring Devices to Diagnose TBI Patients Acts as a Non-invasive Traumatic Brain Injury Diagnostic Equipment Future Trend

New non-invasive methods for monitoring tissue metabolism can help improve the diagnosis and monitoring of brain conditions such as concussions, stroke, and TBI, owing to which patients can recover more quickly. The consequences of TBI resulted in increasing healthcare burden costs, accounting for US$ 76.5 billion annually, as per the BrainScope company white paper. Installing "BrainScope One" in less expensive care settings-e.g., emergency department and community settings (including urgent care centers)-may significantly reduce healthcare costs by up to 32.2%, as per the findings revealed in the white paper. BrainScope One aids in eliminating unnecessary CT scans, thereby reducing healthcare costs for TBI. Thus, advancements in diagnosis and monitoring of brain conditions discovery will likely bring new avenues for non-invasive traumatic brain injury diagnostic equipment market trends in the coming years.

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