Traumatic Brain Injuries Assessment Global Market Size, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2033 | Roche Holding AG, Abbott Laboratories, Medtronic Inc., Koninklijke Philips NV, Stryker Corporation

"""The Business Research Company recently released a comprehensive report on the Global Traumatic Brain Injuries Assessment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The traumatic brain injuries assessment market size has grown strongly in recent years. It will grow from $10.05 billion in 2023 to $10.80 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to neuroscience advancements, increased awareness, military conflicts, sports-related injuries, and technological innovations.

The traumatic brain injuries assessment market size is expected to see strong growth in the next few years. It will grow to $14.60 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to aging population, rising incidence of accidents, improved diagnostics, expanding healthcare infrastructure, and growing demand for personalized rehabilitation. Major trends in the forecast period include telemedicine adoption, wearable technology integration, virtual reality therapy, personalized treatment approaches, and AI-driven diagnostics.

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Market Drivers and Trends:

The increasing number of sports injuries and road accidents is expected to propel the traumatic brain injuries assessment market going forward. Sports injuries are physical injuries sustained during sports or athletic activities, and road accidents refer to incidents involving vehicles on roads resulting in injuries or damage. The increased sports injuries and road accidents are attributed to higher participation in sports activities, increased traffic congestion, distracted driving behaviors, and inadequate safety measures. Traumatic brain injuries assessment is utilized in sports injuries and road accidents to evaluate the severity of head trauma, guide treatment decisions, and monitor recovery progress to ensure optimal outcomes for affected individuals. For instance, in June 2023, according to the National Highway Transportation Safety Administration (NHTSA), part of the US Department of Transportation, around 966 pedal cyclists were killed in 2021, which is a 1.9% increase from 2020. Furthermore, in September 2022, according to a report shared by the Government Digital Service, a UK-based government body, approximately 1,558 people were killed in documented road traffic crashes in 2021, an increase of 7% from 2020. Therefore, the increasing number of sports injuries and road accidents is driving the growth of the traumatic brain injury assessment market.

Major companies operating in the traumatic brain injuries assessment market focus on developing products with advanced technology, such as an AI-derived concussion index, to enhance diagnostic accuracy and improve treatment outcomes. The AI-derived concussion index uses AI capabilities to measure or scale the severity of a concussion, typically based on various clinical indicators such as symptoms, cognitive function, and balance. For instance, in March 2021, Brainscope Company Inc., a US-based medical technology company, received Food and Drug Administration (FDA) clearance for its next-generation AI-derived concussion index algorithm integrated into its BrainScope One device. This index helps healthcare professionals quickly and objectively assess patients for concussion at the time of injury and during recovery. This index provides an improved assessment of patients' initial brain function, the severity of the injury, and their recovery trajectory over time. This technology has the potential to reduce the need for unnecessary CT scans by over 30% in emergency departments, making it a valuable tool for diagnosing concussions while minimizing radiation exposure for patients.

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Major Key Players of the Market:

Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic Inc., Koninklijke Philips NV, Stryker Corporation, GE Healthcare Inc, Baxter International Inc., Agilent Technologies Inc, Bio-Rad Laboratories Inc., Canon Medical Systems Corporation, Bruker Corporation, Carestream Health Inc., Nihon Kohden Corp, Integra Lifesciences Corporation, Natus Medical Inc, Raumedic AG, Compumedics Limited, HALO Precision Diagnostics, NanoDx Inc., BrainScope Company Inc., Advanced Brain Monitoring Inc, Neuexcell Therapeutics, InfraScan Inc

Traumatic Brain Injuries Assessment Market 2024 Key Insights:

• The traumatic brain injuries assessment market size is expected to see strong growth in the next few years. It will grow to $14.60 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• Rising Sports Injuries And Road Accidents Drive Traumatic Brain Injuries Assessment Market Growth
• Breakthrough AI Concussion Index Revolutionizes Traumatic Brain Injury Assessment Market
• North America was the largest region in the traumatic brain injuries assessment market in 2023

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