Global Traumatic Brain Injuries Assessment Market Report 2024

The traumatic brain injuries assessment market size has grown strongly in recent years. It will grow from $10.05 billion in 2023 to $10.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth can be attributed to advancements in neuroscience, heightened 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 $14.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth can be credited to an aging population, increasing incidence of accidents, enhanced diagnostics, expansion of healthcare infrastructure, and rising demand for personalized rehabilitation. Key trends expected include the adoption of telemedicine, integration of wearable technology, utilization of virtual reality therapy, implementation of personalized treatment approaches, and the use of AI-driven diagnostics.

The uptick in both sports injuries and road accidents is anticipated to drive the growth of the market for assessing traumatic brain injuries in the future. Sports injuries refer to physical harm sustained during sports or athletic activities, while road accidents involve incidents on roads resulting in injuries or damage, often due to factors such as increased participation in sports, traffic congestion, distracted driving, and insufficient safety measures. The assessment of traumatic brain injuries is crucial in these scenarios to evaluate the severity of head trauma, guide treatment decisions, and monitor recovery progress for optimal outcomes. For instance, in June 2023, the National Highway Transportation Safety Administration (NHTSA) reported approximately 966 pedal cyclists killed in 2021, marking a 1.9% increase from 2020. Additionally, in September 2022, a report from the Government Digital Service highlighted around 1,558 deaths in documented road traffic crashes in 2021, reflecting a 7% rise from 2020. Hence, the mounting instances of sports injuries and road accidents are propelling the demand for traumatic brain injury assessment.

Key players in the traumatic brain injuries assessment market are directing their efforts towards developing products featuring advanced technology, such as an AI-derived concussion index, aimed at enhancing diagnostic accuracy and treatment outcomes. This index utilizes AI capabilities to gauge the severity of a concussion based on various clinical indicators such as symptoms, cognitive function, and balance. For example, in March 2021, Brainscope Company Inc., a US-based medical technology firm, obtained FDA clearance for its next-generation AI-derived concussion index algorithm integrated into the BrainScope One device. This index facilitates rapid and objective assessment of patients for concussion both at the time of injury and during recovery. It offers improved insights into patients' initial brain function, injury severity, and recovery trajectory, potentially reducing the need for unnecessary CT scans in emergency departments by over 30% and minimizing radiation exposure for patients.

In April 2022, Koninklijke Philips N.V., a Netherlands-based healthcare technology company, forged a partnership with Prisma Health to enhance patient care through data integration and maximizing the value of patient data. This collaboration aims to support Prisma Health's goal of enterprise interoperability and foster innovation in corporate imaging solutions, particularly in their outpatient brain injury program offering comprehensive rehabilitation services. Prisma Health is a US-based nonprofit healthcare organization.

Major companies operating in the traumatic brain injuries assessment market are 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.

North America was the largest region in the traumatic brain injuries assessment market in 2023. The regions covered in the traumatic brain injuries assessment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the traumatic brain injuries assessment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Traumatic brain injury (TBI) assessment is a process that involves evaluating a person's cognitive, physical, and emotional functioning following an injury to the brain caused by an external force. This comprehensive process is typically conducted by medical professionals such as neurologists, neurosurgeons, or emergency room physicians to determine injury severity, pinpoint areas of impairment, and guide treatment and rehabilitation strategies. The aim is to comprehend the injury's impact on cognitive abilities, physical function, and emotional well-being to devise an appropriate management plan.

The primary products for TBI assessment include screening and monitoring devices. Screening tools swiftly identify potential issues or abnormalities in individuals, often before symptoms manifest or worsen. Monitoring devices, such as intracranial pressure (ICP) monitors and partial pressure of oxygen in brain tissue (pbro2) monitors, are utilized in hospital settings, diagnostics centers, and elsewhere.

The traumatic brain injuries assessment market research report is one of a series of new reports that provides traumatic brain injuries assessment market statistics, including traumatic brain injuries assessment industry global market size, regional shares, competitors with a traumatic brain injuries assessment market share, detailed traumatic brain injuries assessment market segments, market trends and opportunities, and any further data you may need to thrive in the traumatic brain injuries assessment industry. This traumatic brain injuries assessment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The traumatic brain injuries assessment market includes revenues earned by entities by providing diagnostic assessments, rehabilitation programs, care management, and counseling and psychosocial support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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