Concussion Market Size, Trends, Outlook, Insights, Overview 2024-2033

"The new report published by The Business Research Company, titled Concussion Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the concussion market size has grown steadily in recent years. It will grow from $7.63 billion in 2023 to $7.91 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The concussion market size is expected to see steady growth in the next few years. It will grow to $9.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%.

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Rising Brain Injuries Drives Growth In The Concussion Market
The increase in the prevalence of brain injuries is expected to propel the growth of the concussion market going forward. Brain injuries refer to any type of injury or damage that affects the brain, resulting in a wide range of physical, cognitive, and emotional impairments. Treating concussions early and properly can help to reduce the effects of brain-related injuries on an individual's general brain health through physical and cognitive rest, symptom management, and gradual return to activities. Additionally, rising traffic accidents have also increased the occurrence of brain injuries. For instance, in January 2023, according to the article published by the NCBI (National Center for Biotechnology Information) a US-based agency for biomedical and genomic information, every year in the United States, an estimated 1.7 million people experience traumatic brain injuries, with 15 to 19-year-olds and seniors 65 and older having the highest risk of suffering one. For instance, in March 2023, according to the American Society of Clinical Oncology, in the US, primary malignant tumors of the brain and spinal cord are expected to affect 24,810 people (14,280 men and 10,530 women) in 2020. Further, brain tumors make up 85% to 90% of all cases. Therefore, the increase in the prevalence of brain injuries is driving the growth of the concussion market.

Innovative Products Transform The Concussion Market
Product Innovation is the key trend gaining popularity in the concussion market. Major companies involved in the concussion market are focused on innovating new products to improve their observation power and sustain their position in the market. For Instance, In May 2022, TecTraum Inc., a US-based designer and developer of medical devices, and Nottingham-Spirk Design Associates Inc., a US-based product design firm, developed pro2cool, which provides the world's first point-of-care treatment for concussions and is the world's first-ever medical device treatment for concussions. The pro2cool system is a revolutionary, noninvasive hypothermic treatment device that is intended to lessen the severity of concussion symptoms and allow patients to recover to their pre-injury baseline as quickly as possible. The gadget cools the head and neck locally, lowering blood temperature before it hits the brain. Previous clinical investigations found that chilling the brain within days following a concussion resulted in significant improvements in clinical results.

The concussion market covered in this report is segmented -

1) By Assessment: Diagnosis, Treatment
2) By Device: Imaging Devices, Magnetic Resonance Imaging (MRI) Devices, X-Ray, Computed Tomography, Monitoring Devices, Other Devices
3) By End User: Hospitals And Clinics, Diagnostic Centers, Medical Camps, Other End-Users

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Major companies operating in the concussion market report are Pfizer Inc., Novartis AG, Sanofi SA, Abbott Laboratories, Medtronic plc, Viatris Inc., Zydus Lifesciences Ltd., Integra LifeSciences Corporation, Nihon Kohden Corporation, Raumedic AG, Lupin Limited, NeuroPace Inc., Compumedics Limited, NeuroLogica Corporation, Neural Analytics Inc., NovaSignal Corp., Back Bay Life Science Advisors, BrainScope Company Inc., Neuro Kinetics Inc., ImPACT Applications Inc., NanoDx Inc., Neuren Pharmaceuticals Limited, Advanced Brain Monitoring Inc., ElMindA Ltd., NeurOptics Inc., InfraScan Inc., Neuro Assessment Systems Inc., NeuroTrauma Sciences LLC, SyncThink Inc., Oxeia Biopharmaceuticals Inc., Oculogica Inc., Banyan Biomarkers Inc., Emotiv Inc., BioDirection Inc., Neurologic Wellness Institute

Contents of the report:
1. Executive Summary
2. Concussion Market Report Structure
3. Concussion Market Trends And Strategies
4. Concussion Market - Macro Economic Scenario
5. Concussion Market Size And Growth
…..
27. Concussion Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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