The global concussion market size is anticipated to reach USD 8.9 billion by 2027, expanding at a CAGR of 3.6%, according to a new report by Grand View Research, Inc. Increasing number of injuries being caused to the brain resulting in a high prevalence of associated disorders such as concussion is driving the market in a positive manner.
Falls
and sports injuries followed by motor vehicle accidents are the leading causes
of hospitalization in patients with concussion. As per the Centers for Disease
Control and Prevention (CDC), an estimated 56,000 seniors are hospitalized
every year as a result of mild head injuries (concussions) suffered due to
accidental falls. This is anticipated to boost market growth over the forecast
period.
In
addition, several awareness campaigns and initiatives throughout the world to
raise awareness related to concussion are collectively responsible for market
growth. For instance, the Defense and Veterans Brain Injury Center offers
online education for both civilians and military officers to learn about
traumatic brain injuries in order to promote the best possible care for service
members and veterans.
Furthermore,
key players are adopting various strategies such as collaborations and new
product launches to increase their market share. This is likely to boost market
growth during the forecast period. For instance, in 2019, Nihon Kohden launched
a wireless Electroencephalogram (EEG) headset in the U.S, which is intended to
assess brain activity in unconscious patients.
Full Research Report On Concussion Market Visit Here:
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Concussion
Market Report Highlights
- On the basis
of assessment and treatment, the treatment segment dominated the market
with a revenue share of 51.4% in 2019. It is due to the growing number of
falls and accidental cases worldwide, which result in traumatic brain
injury. Due to this a large number of clinical trials are
ongoing across the world in order to develop effective therapies such as
BHR-100 to treat the injury
- North America
dominated the market with the highest revenue share of 62.2% in 2019 owing
to the growing awareness created by several government organizations
regarding the prevention and management of traumatic brain injuries and
favorable reimbursement policies in healthcare settings in the region
- In Asia
Pacific, the market is expected to witness the highest CAGR of 5.0% from
2020 to 2027 owing to the increasing healthcare spending in most of the
Asian countries.
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Concussion Market
Segmentation
Grand View Research has
segmented the global concussion market on the basis of assessment and
treatment, and region:
Concussion
Assessment and Treatment Outlook (Revenue, USD Million, 2016 - 2027)
- Diagnosis
- Magnetic Resonance Imaging (MRI) Devices
- Computed Tomography (CT) Scan
- X-ray
- Others
- Treatment
Concussion
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Mexico
- Brazil
- Argentina
- Colombia
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
List of Key
Players of Concussion Market
- Nihon Kohden Corporation
- Compumedics Ltd.
- Integra Lifesciences
- BioDirection, Inc.
- InfraScan, Inc.
- Oculogica
- Raumedic AG
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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