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Rising Brain Injuries Drives Growth In The Concussion Market: Key Factor Driving The Growth In The Concussion Market
The Concussion Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Concussion Market Size During the Forecast Period?
The Concussion Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Concussion Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Concussion Market?
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
Subsegments:
1) By Diagnosis: Clinical Assessments, Imaging Techniques
2) By Treatment: Pharmacological Treatments, Cognitive Rehabilitation, Physical Therapy
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What Key Drivers Are Expected to Influence Future Concussion Market Growth?
The rising incidence of brain injuries is anticipated to stimulate the concussion market's growth in the future. Brain injuries encompass any sort of injury or damage to the brain, causing various physical, cognitive, and emotional disabilities. Early and appropriate concussion treatment can mitigate the impact of injuries related to the brain on an individual's overall cerebral health through physical and cognitive rest, symptom control, and a gradual resumption of activities. Furthermore, a surge in traffic accidents has led to a higher rate of brain injuries. For example, based on an article published by the NCBI (National Center for Biotechnology Information), a US-based biomedical and genomic information institution, every year, about 1.7 million people suffer traumatic brain injuries in the United States, with those aged 15 to 19 and over 65 being the most vulnerable. Also, as per the American Society of Clinical Oncology in March 2023, primary malignant tumors in the brain and spinal cord are predicted to affect 24,810 individuals (14,280 men and 10,530 women) in the US in 2020. Furthermore, brain tumors represent 85% to 90% of all cases. Hence, the growing prevalence of brain injuries is fueling the concussion market's expansion.
Which Companies Hold the Largest Share Across Different Concussion Market Segments?
Major companies operating 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., 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
What Trends Are Driving Growth in The Concussion Market?
Innovative product development is rapidly becoming a prevalent trend in the concussion market. To enhance their investigative capabilities and maintain market dominance, major firms in the concussion market are investing in product innovation. For example, in May 2022, TecTraum Inc., an American medical device company, and Nottingham-Spirk Design Associates Inc., a US-based product design company, co-created pro2cool. This product is the first-ever point-of-care treatment for concussions and the inaugural medical device treatment for concussions worldwide. The groundbreaking pro2cool system is a non-invasive hypothermia treatment device designed to reduce concussion symptom severity and expedite patients' recovery to their pre-injury statuses. The device cools the head and neck areas, resulting in reduced blood temperature before it reaches the brain. Past clinical research indicated that brain cooling within the first few days after a concussion led to significant improvements in patient health.
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What Are the Emerging Geographies for The Concussion Market Growth?
North America was the largest region in the concussion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concussion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Concussion Market?
2. What is the CAGR expected in the Concussion Market?
3. What Are the Key Innovations Transforming the Concussion Industry?
4. Which Region Is Leading the Concussion Market?
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