Traumatic Brain Injury Global Market Report 2024

The global traumatic brain injury market has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.72 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to improved trauma care, rehabilitation therapies, concussion awareness, military and sports research.

The global traumatic brain injury market is expected to see strong growth in the next few years. It will grow to $3.8 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to neuroprotective agents, telemedicine and remote monitoring, individualized treatment plans, neuroinflammation research. Major trends in the forecast period include neurorehabilitation advances, mild tbi and concussion management, biomarker and imaging research, cognitive and emotional support.

The increasing incidence of road injuries is anticipated to drive the expansion of the traumatic brain injury (TBI) treatment market in the foreseeable future. Road injuries encompass physical harm or damage resulting from accidents occurring on roads, streets, highways, or other transportation routes. Traumatic brain injuries often occur as a consequence of road accidents, causing a wide spectrum of physical and cognitive challenges for affected individuals. Traumatic brain injury (TBI) treatment is instrumental in assisting patients recovering from brain injuries sustained in sudden road accidents, facilitating improved physical recovery, reduced complications, and enhanced cognitive function. For instance, as of September 2022, a report from the UK Government Digital Service indicated that there were approximately 1,558 documented road traffic crash-related fatalities in 2021, representing a 7% increase from 2020. Consequently, the surge in road injuries is a significant driver of growth in the traumatic brain injury market.

The growing incidence of sports injuries is set to drive the trajectory of the traumatic brain injury market in the coming years. Sports injuries encompass physical trauma or harm sustained during sports, exercise, or athletic activities. Traumatic brain injuries (TBIs) can result from sports injuries when there is a forceful impact or jolt to the head or body during athletic endeavors. These injuries can arise from various causes, including head impacts, falls, collisions, and repetitive head blows. For instance, according to the 2022 statistics published by the National Safety Council, a US-based nonprofit safety advocate, injuries related to exercise and exercise equipment increased in 2022, with a total of 3,631,970 cases compared to 3,231,885 in 2021. Consequently, the surge in sports injuries is a key driver of growth in the traumatic brain injury market.

The hindrance of high long-term care costs is limiting the growth of the traumatic brain injury market during the forecast period. The substantial expenses associated with long-term care, including rehabilitation, specialized therapies, and support services, can pose significant financial challenges for individuals with TBI and their families. Many individuals and families may find it challenging to afford the required care, leading to delays or inadequate treatment. For instance, as of September 2023, A Place for Mom, a US-based elderly care company, reported that long-term care costs amount to $475.1 billion per year in the United States. Thus, the high costs of long-term care present a hindrance to the growth of the traumatic brain injury market.

Prominent companies operating in the traumatic brain injury market are pioneering innovative treatments and tests, including the I-STAT TBI plasma test, to adapt to the evolving needs of consumers. The continuous development and research of groundbreaking therapies and tests for traumatic brain injury (TBI) aim to enhance outcomes and the quality of life for individuals affected by TBI. For example, in January 2021, Abbott Laboratories, a US-based medical devices company, introduced the I-STAT TBI plasma test, a blood test for traumatic brain injury. This test measures the levels of biomarkers associated with brain injury in the bloodstream, aiding in determining the necessity of a head computerized tomography (CT) scan. Furthermore, it plays a role in assessing mild TBI and is exclusively available for use on the I-STAT Alinity instrument. The future prospects of the I-STAT TBI Plasma test are promising, as it holds the potential to revolutionize the diagnosis and treatment of TBI and concussions.

In April 2022, Koninklijke Philips N.V., a Netherlands-based healthcare technology company, established a partnership with Prisma Health. This collaboration with Prisma Health aims to enhance patient care by addressing data integration and maximizing the utility of patient data. The agreement supports Prisma Health in its pursuit of enterprise interoperability while fostering innovation in corporate imaging solutions. Prisma Health is a US-based non-profit healthcare organization that offers a comprehensive outpatient brain injury program with rehabilitative services.

Major players 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.

North America was the largest region in the traumatic brain injury market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in traumatic brain injury report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the traumatic brain injury market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary devices employed in addressing traumatic brain injuries encompass computed tomography, X-ray machines, various imaging devices, magnetic resonance imaging devices, monitoring equipment, and others. Computed tomography is a medical imaging technique that utilizes specialized X-ray equipment to generate detailed cross-sectional images of the body. Diagnostic centers, hospitals, and other healthcare facilities employ treatment techniques such as intracranial pressure (ICP) monitoring and measuring the partial pressure of oxygen in brain tissue (PbrO2).

This report provides traumatic brain injury market statistics, including traumatic brain injury industry global market size, regional shares, competitors with a traumatic brain injury market share, detailed traumatic brain injury market segments, market trends and opportunities and any further data you may need to thrive in the traumatic brain injury industry. This traumatic brain injury 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 injury market consists of revenues earned by entities by providing services such as rehabilitation services, medical care, counseling, psychological support, case management and recreational therapy. The market value includes the value of related goods sold by the service provider or included within the service offering. The traumatic brain injury market also includes sales of assistive devices, cognitive rehabilitation tools, communication aids and safety equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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