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Traumatic Brain Injury Market Size Projected To Reach $4.16 Billion By 2034 With A Cagr Of 8.6%
The Traumatic Brain Injury 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 Projected Growth of the Traumatic Brain Injury Market?
Over the past few years, the market size for traumatic brain injury has experienced robust growth. It is projected to escalate from $2.72 billion in 2024 to $2.98 billion in 2025, with an annual compound growth rate (CAGR) of 9.6%. The growth during the historical period can be linked to advances in trauma care, rehabilitation therapies, concussion awareness, as well as research in the military and sports sectors.
In the forthcoming years, the market size for traumatic brain injury is anticipated to witness robust growth, escalating to $4.16 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. The expansion during this predicted period can be credited to factors such as neuroprotective agents, telemedicine, remote monitoring and personalized treatment plans, and research on neuroinflammation. Emerging patterns throughout this period involve advancements in neurorehabilitation, management of mild tbi and concussion, research on biomarkers and imaging, and cognitive and emotional support.
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What Are the Different Traumatic Brain Injury Market Segments?
The traumatic brain injury market covered in this report is segmented -
1) By Device: Computed Tomography, X-Ray, Imaging Devices, Magnetic Resonance Imaging Devices, Monitoring Devices, Other Devices
2) By Technique: Intracranial Pressure (ICP) Monitoring, Partial Pressure Of Oxygen In Brain Tissue (PbrO2)
3) By End-Use: Diagnostic Centers, Hospitals, Other End-Uses
Subsegments:
1) By Computed Tomography: Standard CT Scans, CT Angiography
2) By X-Ray: Skull X-Ray, Cervical X-Ray
3) By Imaging Devices: Ultrasound Imaging, PET Scans
4) By Magnetic Resonance Imaging Devices: Closed MRI, Open MRI
5) By Monitoring Devices: Intracranial Pressure Monitors, EEG Monitors
6) By Other Devices: Neuropsychological Testing Devices, Portable Brain Injury Assessment Devices
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What Are the Primary Drivers Shaping the Traumatic Brain Injury Market?
The anticipated increase in road accident injuries is predicted to fuel the growth of the traumatic brain injury sector. This points towards all physical damages sustained during occurrences on roads, highways, or other commuting routes. Traumatic brain injuries, which often result from road mishaps, introduce a variety of physical and mental hurdles for the affected individuals. Treatment for Traumatic Brain Injury (TBI) is significant as it supports patients with brain damage due to unexpected road accidents, facilitating better physical recovery, minimized complications, and upgraded cognitive abilities. For instance, in 2022, it was reported by the U.S. Department of Transportation, an American government department, that 42,514 individuals died on U.S. roads-marking over a 10% rise compared to 2020. Therefore, the escalating road accident injuries are contributing to the development of the traumatic brain injury market. The mounting instances of sports injuries are predicted to spur the growth of the traumatic brain injury market moving ahead. A sport injury signifies any physical trauma suffered while partaking in sports, exercising, or athletic activities. Traumatic brain injuries (TBI) can occur due to a strong impact or jolt to the head or body during sports-caused by head strikes, falls, clashes, or repetitive head impacts. For example, the statistics published by the National Safety Council, an American non-profit safety advocate, in 2022 revealed an increase in injuries due to exercise and exercise equipment from 3,231,885 in 2021 to 3,631,970 in 2022. Consequently, the escalating sport injury cases aid in propelling the traumatic brain injury market.
Which Companies Are Leading in the Traumatic Brain Injury Market?
Major companies operating in the traumatic brain injury market are Pfizer Inc., Medtronic PLC, Eli Lilly and Company, Stryker Corporation, Elekta AB, Integra LifeSciences Holdings Corp., Natus Medical Inc., Nihon Kohden Corporation, Raumedic AG, Qure.ai, Compumedics Ltd., Synaptive Medical Inc., BrainScope Company Inc., Neuren Pharmaceuticals Limited, SanBio Co. Ltd., Soterix Medical Inc., Inteprod LLC, BioDirection Inc., InfraScan Inc., NanoDx Inc., NeuroTrauma Sciences, Oculogica Inc., PathMaker Neurosystems Inc., Pinteon Therapeutics Inc., Vivonics Inc., Neural Analytics Inc., ReNetX Bio Inc., Sana Health Inc., Abliva AB, QuesGen Systems Inc.
What Are the Major Trends Shaping the Traumatic Brain Injury Market?
Prominent entities in the traumatic brain injury market are pioneering novel treatments and trials like the VIDAS TBI (GFAP, UCH-L1) in response to consumer demands. Evolving therapies and examinations for traumatic brain injury (TBI) are persistently being devised and explored to enhance the prognosis and quality of life for individuals impacted by TBI. In October 2023, for example, bioMérieux, a French firm specializing in in vitro diagnostics, unveiled the VIDAS TBI (GFAP, UCH-L1), a blood test designed to aid in evaluating patients with mild traumatic brain injury (mTBI), founded on an exclusive blend of brain biomarkers: GFAP and UCH-L1. This precise and unbiased instrument can aid in lowering the count of unnecessary head Computed Tomography (CT) scans for mTBI patients and alleviating congestion in the Emergency Department (ED) by forecasting the absence of acute intracranial lesions (ICL) following a head injury.
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What Are the Top Revenue-Generating Geographies in the Traumatic Brain Injury Market?
North America was the largest region in the traumatic brain injury market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in traumatic brain injury market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Traumatic Brain Injury Market?
2. What is the CAGR expected in the Traumatic Brain Injury Market?
3. What Are the Key Innovations Transforming the Traumatic Brain Injury Industry?
4. Which Region Is Leading the Traumatic Brain Injury Market?
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