Traumatic Brain Injury (TBI) Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- Medical Equipments
Traumatic brain injury is a condition caused by a sudden damage to the brain as a result of trauma, accident, assaults, or sports injuries. A serious injury during a traumatic incident or impact could result in damage to a particular part of the brain, leading to traumatic brain injury. It is characterized by confusion, hazy or blurred vision, speech impairment, dizziness, and or lack of consciousness. Traumatic brain injury can be classified into mild, moderate, or severe, depending upon the condition of the patient and symptoms associated with the incident. Patients suffering from traumatic brain injury are continuously monitored with the help of various techniques to evaluate the method and course of treatment and the effectiveness of the ongoing treatment in reducing the effects of the injury in patients.
Rise in incidence of traumatic brain injuries across the world due to increase in number of accidents, introduction of new techniques such as brain tissue oxygen monitoring in traumatic brain injury patients, new device approvals in the U.S. and Europe, and surge in number of clinical trials for evaluation of new techniques and devices for monitoring traumatic brain injury drive the global traumatic brain injury monitoring devices market. According to the Centers for Disease Control and Prevention (CDC), an estimated 1.4 million people in the U.S. alone sustain a traumatic brain injury, leading to around 50,000 deaths and an estimated 235,000 hospitalizations each year. However, lack of non-invasive and continuous monitoring devices in the market and high cost of monitoring devices are expected to restrain the market from 2017 to 2025.
The global traumatic brain injury monitoring devices market can be segmented based on device type, technique, end-user, and region. In terms of device type, the global market can be categorized into imaging devices, clinical examination devices, and monitoring devices. The imaging devices segment can be classified into computed tomography devices, magnetic resonance imaging, X-ray, and others. The monitoring devices segment can be bifurcated into invasive monitoring devices and non-invasive monitoring devices. The imaging devices segment accounted for the largest market share in 2016, owing to higher preference of health care providers and patients for the non-invasive technique for monitoring of traumatic brain injury. Based on technique, the global traumatic brain injury market can be divided into intracranial pressure monitoring (ICP) and partial pressure of oxygen in brain tissue (pBrO2). The intracranial pressure monitoring segment accounted for the largest market share in 2016, owing to increase in number of devices approved for this technique and introduction of new non-invasive monitoring devices by market players. In terms of end-user, the global market can be categorized into hospitals, diagnostic imaging centers, and other end-users.
The global traumatic brain injury monitoring devices market can be segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global traumatic brain injury monitoring devices market in 2016, and is expected to continue its dominance during the forecast period. This is attributed to increase in incidence of traumatic brain injuries, growing investments in research & development by market players to evaluate new devices, and high per capita health care spending in the U.S. According to the Centers for Disease Control and Prevention (CDC), the cost of treatment of traumatic brain injuries in the U.S. is around US$ 45 Bn each year. Moreover, an estimated 80,000 to 90,000 patients in the U.S. suffer from disabilities due to traumatic brain injuries every year. Europe is anticipated to account for the second largest share of the global market.
Key players operating in the global traumatic brain injury monitoring devices market are BioDirection, Inc., QuesGen Systems, Inc., BrainScope Company, Inc., and Neural Analytics, Inc., among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.