Traumatic Brain Injury Assessment & Management Devices Market Size, Share & Trends Analysis Report By Device (Imaging Devices, Monitoring Devices), By Technique, By End-use, By Region, And Segment Forecasts, 2021 - 2028

Traumatic Brain Injury Assessment & Management Devices Market Growth & Trends

The global traumatic brain injury assessment and management devices market size is anticipated to reach USD 5.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.3% from 2021 to 2028. Increasing incidence of traumatic brain injuries (TBIs) and rising awareness about TBIs are driving the market.

Traumatic brain injuries are a serious public health concern and every year, it contributes a significant number of cases globally. Falls are one of the leading causes of hospitalization among TBI patients, followed by motor vehicle accidents. According to the CDC, presently 3.5 million people are living with permanent TBI-related disability in the U.S. Thus, increasing incidence of TBIs due to mounting cases of road accidents and injuries is expected to fuel the demand for TBIs assessment and management devices.

Moreover, the COVID-19 pandemic has in20creased the demand for TBIs assessment and management devices. As per the research study published in the NCBI report 2020, certain patients hospitalized for coronavirus infection showed clinical and neurochemical signs of brain injury. This is expected to boost the market growth.

Furthermore, the incorporation of the latest technologies and the introduction of new products by market players are likely to boost the market growth during the forecast period. For instance, NanoDx System launched by BioDirection Company is a rapid point-of-care (POC) test that precisely confirms concussion/TBI in less than 2 minutes.

Traumatic Brain Injury Assessment And Management Devices Market Report Highlights

• On the basis of device, the imaging devices segment dominated the overall market with a share of 54.04% in 2020 as these devices are widely used in identifying patients with TBIs
• Based on technique, the intracranial pressure (ICP) monitoring segment dominated the overall market with a share of 54.61% in 2020. This method is considered to be a gold standard for the accurate measurement of ICP in patients with severe brain injury
• By end-use, hospitals dominated the market with a share of 43.17% in 2020 as brain surgeries are one of the most complicated procedures that are reliant on high quality and advanced equipment, which are available in hospitals
• North America dominated the market with a revenue share of 52.73% in 2020 owing to the presence of well-established healthcare facilities and availability of the latest treatment procedures

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