Global Traumatic Brain Injury Diagnostic Equipment Market Report 2024

The traumatic brain injury diagnostics equipment market size has grown rapidly in recent years. It will grow from $1.95 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increased awareness and screening initiatives, rising incidence of traumatic brain injuries, expanding applications in sports medicine, and growing geriatric population.

The traumatic brain injury diagnostics equipment market size is expected to see rapid growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The projected growth in the forecast period can be attributed to several factors, including the adoption of advanced neuroimaging techniques, the development of portable and point-of-care diagnostic devices for traumatic brain injury (TBI), increased research funding dedicated to TBI diagnostics, and the integration of artificial intelligence (AI) and machine learning (ML) into diagnostic tools. Additionally, there is a rising demand for personalized medicine approaches in the field of TBI diagnosis. Major trends expected in the forecast period include the expanded use of biomarkers for TBI diagnosis, the growth of telemedicine solutions facilitating remote diagnosis and monitoring, the emergence of wearable diagnostic technologies for TBI assessment, an emphasis on non-invasive diagnostic methods to minimize patient discomfort and risk, and the integration of big data analytics to enhance diagnostic accuracy and efficiency. These trends are poised to shape the landscape of TBI diagnostics in the coming years.

The trajectory of the traumatic brain injury diagnostics equipment market is expected to be driven by the increasing incidences of sports injuries and road accidents. Sports injuries encompass physical harm sustained during athletic activities, while road accidents involve incidents on roadways resulting in injuries or damage. The rise in these occurrences is attributed to factors such as heightened participation in sports activities, increased traffic congestion, distracted driving behaviors, and insufficient safety measures. Traumatic brain injury (TBI) diagnostics equipment plays a crucial role in assessing, diagnosing, treating, and monitoring trauma, thereby improving patient outcomes, reducing long-term disabilities, and enhancing overall public health and safety. For example, according to the National Highway Transportation Safety Administration (NHTSA), 966 pedal cyclists were killed in road accidents in 2021 in the US, marking a 1.9% increase from 2020. Similarly, a report from the Government Digital Service in the UK revealed approximately 1,558 documented road traffic crash fatalities in 2021, representing a 7% rise from 2020. These statistics underscore the significant impact of sports injuries and road accidents on driving the growth of the traumatic brain injury diagnostics equipment market.

Key players in this market are prioritizing the development of products integrated with advanced technology, such as AI-based smart speed image-reconstruction technology. This technology employs artificial intelligence algorithms to swiftly reconstruct medical images with enhanced quality, thereby reducing scan times and improving diagnostic accuracy across various imaging modalities such as MRI and CT scans. For instance, Koninklijke Philips N.V. and SyntheticMR AB launched the Smart Quant Neuro 3D system in March 2024. This AI-enabled quantitative brain imaging system utilizes Philips' AI-based SmartSpeed image-reconstruction technology to enhance imaging speed by nearly three times and provide up to 65% greater resolution. The system assists in scanning patients and can accelerate the radiology department's throughput, enabling objective assessment of traumatic brain injuries. Furthermore, Imeka Solutions Inc. collaborated with GE Healthcare in April 2022 to advance precision medicine for brain health. This collaboration integrates Imeka's neuroimaging technology into GE Healthcare's BrainWave MRI, enhancing its capacity to offer deeper insights into central nervous system diseases and disorders. GE Healthcare Technologies provides a wide range of medical technology and healthcare solutions, including medical imaging, diagnostics, healthcare IT, and TRI equipment. This collaboration aims to enable researchers and clinicians to analyze diffusion MRI signals in the brain in greater detail, thereby enhancing diagnostic capabilities for traumatic brain injuries and related conditions.

Major companies operating in the traumatic brain injury diagnostic equipment market are Hitachi Medical, Canon Medical Systems Corporation, Siemens Healthineers AG, FUJIFILM Medical Systems Inc., Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Technologies, Hologic Inc., Bio-Rad Laboratories Inc., Bruker Corporation, Nihon Kohden Corporation, Carestream Health, Bittium Corporation, Brainlab AG, Esaote SpA, Natus Medical Incorporated, Neuropace Inc., MindMaze Inc., Magstim Co. Ltd., Nico Corporation, BrainCheck Inc., BrainScope Company Inc., NeuroWave Systems Inc., Cerora Inc., InfraScan Inc.

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

The traumatic brain injury diagnostic equipment market consists of sales of computed tomography (CT) scanners, magnetic resonance imaging (MRI) machines, electroencephalography (EEG) devices, neuropsychological tests and cognitive function evaluation software. 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.

Traumatic brain injury (TBI) diagnostic equipment encompasses specialized medical devices and tools designed for assessing and diagnosing traumatic injuries to the brain. These include advanced imaging tools capable of detecting structural abnormalities and lesions within the brain. Additionally, neurocognitive assessment tools and software aid in evaluating cognitive deficits and monitoring recovery progress following an injury.

The primary device types of traumatic brain injury diagnostic equipment include imaging devices and monitoring devices. Imaging devices are medical equipment utilized to generate visual representations of internal body structures or organs, typically employing techniques such as X-rays, MRI, or CT scans. These techniques may be noninvasive, invasive, or a combination thereof, catering to various end-users such as hospitals, clinics, diagnostic centers, and others.

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

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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