Traumatic Brain Injuries Assessment Market to Reach USD 18.4 Billion, Globally, by 2031 at 7% CAGR: Allied Market Research

News provided by

Feb 10, 2023, 10:45 ET

PORTLAND, Ore., Feb. 10, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Traumatic Brain Injuries Assessment Market by End-User (Hospital, Diagnostics Center, Others), by Diagnostic Type (CT-Scan, MRI, Intracranial Pressure Monitoring, Partial Pressure of Oxygen in Brain Tissue (pBrO2), Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global traumatic brain injuries assessment industry was valued at $9.6 billion in 2021 and is estimated to generate $18.4 billion by 2031, witnessing a CAGR of 7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Download Free Sample Report- https://www.alliedmarketresearch.com/request-sample/31832

Drivers, Restraints, and Opportunities

Growing incidences of brain injuries among people due to accidents, rising per capita incomes which have changed the consumer demand for highly sophisticated and technologically advanced products and equipment, and the increase in health awareness campaigns and programs fuel the growth of the global traumatic brain injuries assessment market. However, the high cost of treating traumatic brain injuries hinder the global market growth. On the other hand, increasing technological advancements in healthcare facilities and the rising demand for advanced healthcare facilities among patients will present new growth opportunities for the global traumatic brain injuries assessment market in the coming years.

Covid-19 Scenario

During the COVID-19 pandemic, the global traumatic brain injuries assessment market experienced a negative growth. Due to complete lockdowns and the travel restrictions by governments across nations, the number of accidents and brain injuries associated with it also decreased significantly.
Therefore, the demand for traumatic brain injuries assessment also came down. Also, non-availability of healthcare professionals during the pandemic for the treatment of brain injuries in patients also contributed significantly to the decline of the market growth.
However, the market has recovered post the pandemic.

The hospital segment to grab the largest revenue during the forecast period

Based on end user, the hospital segment contributed to the largest share of more than two-fifths of the global traumatic brain injuries assessment market in 2021, and is expected to rule the roost during the forecast period. This is owing to the presence of latest healthcare technology equipment in hospitals. However, the diagnostics center segment is projected to witness the fastest CAGR of 7.1% from 2022 to 2031, as many people prefer to opt for expensive but high-class treatment facilities at diagnostic centers. Also, diagnostic centers provide timely assessment to patients.

The CT-scan segment to dominate the market in terms of revenue during the forecast period

Based on diagnostic type, the CT-scan segment contributed to the largest share of nearly one-third of the global traumatic brain injuries assessment market in 2021, and is expected to rule the roost during the forecast period. This is owing to the growing occurrence of brain injuries among people due to trauma or accidents. However, the MRI segment is projected to witness the fastest CAGR of 7.2% from 2022 to 2031. MRI can distinguish between white and grey matter and is also used to diagnose aneurysms and cancers. As MRI does not use x-rays or other radiation, it is the preferred imaging modality when frequent imaging is necessary for diagnosis or therapy, particularly in the brain.

For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/31832

North America to garner the largest revenue by 2031

Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global traumatic brain injuries assessment market, and is likely to maintain its dominance during the forecast timeframe. Currently, the region has maximum market players active in traumatic brain injuries assessment market and has one of the most advanced brain sensing technologies available. However, the market in Asia-Pacific is likely to show the fastest CAGR of 7.5% during the forecast period. This is owing to the growing per capita income of people and their affordability for the expensive treatment in the region.

Leading Market Players

Brainscope Company Inc.
Novasignal Corporation
Integra LifeSciences Holdings Corporation
Natus Medical Incorporated
Boston Scientific Corporation
Koninklijke Philips N.V.
BioDirection Inc.
Nihon Kohden Corp.
Raumedic AG
Compumedics Ltd.

The report analyzes these key players of the global traumatic brain injuries assessment market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

Trending Reports in Healthcare Industry:

Vascular Disease Devices Market - Global Opportunity Analysis and Industry Forecast, 2020–2030

Oral Cancer Treatment Market - Global Opportunity Analysis and Industry Forecast, 2020–2030

Women Health and Beauty Supplements Market - Global Opportunity Analysis and Industry Forecast, 2020–2030

Wearable Injectors Market - Global Opportunity Analysis and Industry Forecast, 2020–2030

Computed Tomography (CT) Market - Global Opportunity Analysis and Industry Forecast, 2020–2030

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter