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Global Concussion Market: An Analysis of Market Size, Growth Rate, Drivers, and Key Trends
Concussion Market Size
The concussion market has experienced steady growth in recent years, attributed to factors such as increased awareness, sports participation and injuries, advancements in diagnostic tools, stricter sports regulations, and legal and ethical implications. Key market size statistics are as follows:
- The market is expected to grow from $7.97 billion in 2024 to $8.22 billion in 2025 at a compound annual growth rate (CAGR) of 3.3%.
- The concussion market size is projected to reach $9.94 billion in 2029 at a CAGR of 4.9%.
- Major growth drivers for the forecast period include continued focus on sports safety, increased adoption of concussion protocols, research and development in treatment, increasing public health concerns, and collaboration between medical and sports communities.
What Is Driving The Growth In The Concussion Market?
The growth of the concussion market is significantly influenced by the rise in prevalence of brain injuries. Such injuries can result in various physical, cognitive, and emotional impairments. Early and proper concussion treatment can notably reduce the effects of brain-related injuries. Around 1.7 million people experience traumatic brain injuries annually in the United States, according to the National Center for Biotechnology Information. Furthermore, primary malignant tumors of the brain and spinal cord are projected to affect 24,810 people in the US in 2020, representing 85%-90% of all cases, according to the American Society of Clinical Oncology. These increasing figures drive the growth of the concussion market.
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Who Are the Key Players Driving Concussion Market Growth?
The major players driving growth in the concussion market include:
- 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.
What Are The Key Trends In The Concussion Market?
The key trends in the concussion market include:
- KiIncrease in teleconcussion services and remote monitoring
- Rise of educational initiatives for concussion prevention
- Research on long-term effects and chronic traumatic encephalopathy (CTE)
- Implementation of concussion protocols in sports organizations
- Development of neuroprotective therapies
- Legislation and regulations for concussion management.
What Are The Segments Of The Global Concussion Market?
The concussion market is segmented by:
1) Assessment: Diagnosis, Treatment
2) Device: Imaging Devices, Magnetic Resonance Imaging (MRI) Devices, X-Ray, Computed Tomography, Monitoring Devices, Other Devices
3) End User: Hospitals And Clinics, Diagnostic Centers, Medical Camps, Other End-Users
Which Region Leads The Concussion Market?
North America was the largest region in the concussion market in 2024. Meanwhile, the Asia-Pacific region is expected to be the fastest-growing in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Concussion Market Global Market Report?
- Market Size Analysis: Analyze the Concussion Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Concussion Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Concussion Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Concussion Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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