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Global Traumatic Brain Injuries Assessment Market to Witness Extensive Growth with Increasing Cases of Car Accidents

One of the leading causes of death and functional impairment in young people is head injury. Recent years have shown an increase in the number of head injuries among those with TBI-related neurological disorders worldwide. Millions of cases of traumatic brain injury each year are caused by slips and falls, traffic accidents, sports-related injuries, and assaults (domestic or military). These injuries require expensive treatment in intensive care units and emergency departments.

Traumatic brain injury (TBI) is still one of the primary causes of mortality and morbidity among civilians and military personnel worldwide. It happens when an exterior force hits the brain, most frequently as a result of a bump, blow, jolt, or piercing head wound. It is a primary cause of disability and death worldwide, with enormous economic effects. Loss of consciousness, difficulty in sleeping, feeling depressed or anxious, memory or concentration problems, as well as emotional and social problems, are possible signs and symptoms. As a result of its complicated pathophysiology, which has a wide range of clinical symptoms and functional impairments, best practice requires knowledge of therapy, assessment, and rehabilitation. The global traumatic brain injuries assessment market is growing at a rapid pace owing to various advancements and innovations in medical device technologies and a growing number of clinical trials being performed for the advancement of traumatic brain injury.

Newest Insights in the Traumatic Brain Injuries Assessment Market

Growing head injuries caused owing to sports and increasing patient preference for minimally invasive treatments are driving the growth of the global market. As per a report by Research Dive, the global traumatic brain injuries assessment market is expected to surpass a revenue of $18,373.6 million in the 2022-2031 timeframe. The North America traumatic brain injuries assessment market is anticipated to observe foremost and dominant growth in the years to come. This is because the region has a huge demand for traumatic brain injury assessment owing to the higher prevalence of TBIs and increasing consciousness-raising campaigns for brain injury in the region.

How are Market Players Retorting to the Growing Demand for Traumatic Brain Injury Assessment?

Market players are greatly investing in pioneering research and inventions to cater for the rise in the need for non-invasive devices. Some of the foremost players in the traumatic brain injuries assessment market are BioDirection, Inc., Integra Lifesciences, Compumedics Ltd., InfraScan, Inc., Nihon Kohden Corp., Oculogica, Raumedic AG, Koninklijke Philips N.V, Zagros Petrochemical Co., Elekta, Boston Scientific Corporation, and others. These players are planning and implementing strategies such as collaborations, mergers and acquisitions, innovative advances, and partnerships to reach a noteworthy position in the global market.

For instance,

  • In June 2019, Nihon Kohden, Japan's leading maker of AED, patient monitors, EEG, and medical electronic equipment, introduced a wireless EEG (Electroencephalography) headgear in the U.S. called VitalEEG to quickly measure brain activity in unconscious patients.
  • In March 2021, Gary Sinise, an actor and humanitarian, and his Foundation launched a cognitive health & mental wellness network: the Gary Sinise Foundation Avalon Network, to offer transformative care to veterans and first responders suffering from traumatic brain injuries, post-traumatic stress, and substance abuse.
  • In April 2021, the Q-Collar, a C-shaped collar invented by Q30 Innovations LLC to shield athletes' brains from traumatic brain injury in contact sports, received the Food and Drug Administration approval for commercialization for 13-year-olds and older youngsters. Q-Collar is a non-invasive, over-the-counter gadget worn around the neck that prevents potential brain movement caused by head trauma and boosts blood flow.

COVID-19 Impact on the Global Traumatic Brain Injuries Assessment Market

The unexpected rise of the coronavirus pandemic in 2020 has adversely impacted the global traumatic brain injuries assessment market. During the pandemic period, people started getting isolated in their homes hence, there was a great decline in cases of brain injuries caused due to auto accidents or sports injuries. As a result, traumatic brain injury treatment centres faced a reduction in the demand for traumatic brain injury treatments. Also, there were personnel shortages, postponement of surgeries, and other issues, which greatly impacted the working of traumatic brain injury treatment centres. However, after the relaxation of the pandemic, the demand for traumatic brain injury treatments is likely to rise owing to the possibility of head injuries during sports events or other accidents, which is predicted to boost the global traumatic brain injuries assessment market growth.

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