LONDON, GREATER LONDON, UK, June 26, 2024 /EINPresswire.com/ -- The traumatic brain injury diagnostic equipment market has experienced robust growth in recent years, expanding 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.
Strong Future Growth Anticipated
The traumatic brain injury diagnostic equipment market is projected to continue its strong growth, reaching $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to adoption of advanced neuroimaging techniques, development of portable and point-of-care diagnostic devices, increasing research funding for tbi diagnostics, integration of artificial intelligence and machine learning in diagnostic tools, and rising demand for personalized medicine approaches. Major trends in the forecast period include expanded use of biomarkers, growth of telemedicine solutions, emergence of wearable diagnostic technologies, emphasis on non-invasive diagnostic methods, and integration of big data analytics..
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Growth driver of the traumatic brain injury diagnostic equipment market
The increasing number of sports injuries and road accidents are expected to propel the traumatic brain injuries diagnostics equipment market going forward. Sports injuries are physical injuries sustained during sports or athletic activities, and road accidents refer to incidents involving vehicles on roads resulting in injuries or damage. The increase in sports injuries and road accidents is attributed to higher participation in sports activities, increased traffic congestion, distracted driving behaviors, and inadequate safety measures. TBI diagnostics equipment serves as a valuable tool in the assessment, diagnosis, treatment, and monitoring of trauma, helps to improve patient outcomes, reduce long-term disabilities, and enhance overall public health and safety.
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Major Players and Market Trends
Key players in the traumatic brain injury diagnostic equipment market include 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.
Major companies operating in the traumatic brain injury diagnostics equipment market are focused on developing products integrated with advanced technology such as AI-based smart speed image-reconstruction technology. AI-based smart speed image-reconstruction technology utilizes artificial intelligence algorithms to rapidly reconstruct medical images with enhanced quality, reducing scan times and improving diagnostic accuracy in various imaging modalities such as MRI and CT scans..
Segments:
1) By Device Type: Imaging Devices, Monitoring Devices
2) By Technique: Noninvasive, Invasive, Combination Techniques
3) By End User: Hospitals, Clinics, Diagnostic Centers, Other End Users
End Users
Geographical Insights: North America Leading the Market
North America was the largest region in the traumatic brain injury diagnostic equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region during the forecast period, driven by expanding healthcare facilities and increasing awareness of the benefits of traumatic brain injury diagnostic equipment.
Traumatic Brain Injury Diagnostic Equipment Market Definition
Traumatic Brain Injury (TBI) diagnostic equipment refers to specialized medical devices and tools utilized to assess and diagnose traumatic injuries to the brain. It comprises of advanced imaging tools capable of detecting structural abnormalities and lesions in the brain. Additionally, neurocognitive assessment tools and software aids in assessing cognitive deficits and tracking recovery progress post-injury.
Traumatic Brain Injury Diagnostic Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
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