Traumatic Brain Injuries Treatment Market Insights
Market Research Future Reports assessed the global traumatic brain injuries treatment market by conducting a detailed research analysis, which states that the market is likely to upsurge steadily at a CAGR of 5.1% from 2018 to 2023.
Every year, a considerable number of traumatic brain injuries cases are recorded worldwide. Traumatic brain injuries are defined as an injury to the brain that results from externally imposed trauma that results in damage to the brain cells and blood vessels. The signs and symptoms of traumatic brain injury may appear soon after the head trauma or may take several days to weeks sometimes to appear. Such brain injury is considered a severe health problem and is the leading cause of brain damage. At least 1.7 million people tend to sustain such injury every year and contribute to the substantial number of death or in some case permanent disability every year.
As per the research, reports states that traumatic brain injuries effects about 52,000 people to die. This causes commonly by a car accident, falls, blunts force trauma, violent assaults, and sporting injuries. However, with time, plentiful factors are propelling the growth of the global traumatic brain injuries treatment market with the growing interests in research activities on the diagnosis of it. Also, with the advent of a new pipeline of drugs for traumatic brain injuries are further boosting the growth of traumatic brain injuries treatment market in positive ways.
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Traumatic Brain Injuries Treatment Market Key Players
The top market players of the global traumatic brain injuries treatment market are listed as ATMOS MedizinTechnik GmbH & Co. KG (Germany), Allied Healthcare (UK), Drive Medical (US), INTEGRA Biosciences AG (Switzerland), Precision Medical, Inc. (the US), Siemens Healthcare Private Limited (Germany), Olympus Corporation (Japan), Medico, Inc. (US), SSCOR, Inc. (US), ZOLL Medical Corporation (US), Labconco (US), Amsino International, Inc. (US), Welch Vacuum (US), and Laerdal Medical (Norway)
Global traumatic brain injuries treatment market: Drivers & Trends
Prime factors that are continually propelling the growth of traumatic brain injuries treatment market include increasing number of road accidents and growing categories of the weak and aging population. Also, extensive research & development activities by U.S. Food and Drug Administration (FDA) scientists to study various biomarkers of brain imaging, biofluid and physical indicators such as eye tracking and electroencephalography grasps an immense potential as diagnostic techniques for traumatic brain injury detection. Apart from this, a lot of clinical trials are being conducted worldwide to progress effective therapies for traumatic brain injury, which have proven to be resourceful for growth of traumatic brain injury treatment market in the years to come.
Furthermore, the intensifying incidence of fall cases along with accidental cases are also expected to be the leading fast-tracking factors for the growth of traumatic brain injury treatment market on a global level. With that, the increasingly high rate of hospitalization is also expected to proliferate steadily during the forecast period. However, some factors such as low societal awareness, delayed diagnosis and weak government funding in traumatic brain injury treatment market research are probable to hinder the traumatic brain injury treatment market growth in the years to come. In the same line, even the high cost of treatment and devices might also hamper the growth of global traumatic brain injuries treatment market during the forecast period.
Global Traumatic Brain injuries treatment market Segmentation
According to Market Research Future Reports, the global traumatic brain injuries treatment market is thus, segmented into treatment types and end-users.
By the mode of treatment types, the market is segmented into immediate emergency care, medications and surgery. Wherein, medication is further sub-segmented into diuretics, anti-seizure drugs, coma-inducing drugs, anti-anxiety agent, anti-depressants, anti-psychotics, analgesic, anti-convulsant, and anticoagulants. Moreover, while surgery, the market is also sub-segmented into removing clotted blood (hematomas), repairing skull fractures, bleeding in the brain, opening a window in the skull, rehabilitation.
By the mode of end-users, the global traumatic brain injuries treatment market is further segmented into hospitals, neurologist, rehabilitative center treatment, independent pharmacies, and others.
Traumatic Brain Injuries Treatment Market Regional Outlook
On a geographical note, the global traumatic brain injuries treatment market has covered central regions of Americas, Europe, Asia-Pacific, and the Middle East & Africa. Among these, the traumatic brain injuries treatment market in the Americas is projected to lead the global traumatic brain injuries treatment market attributing to the increasing incidences of road accident in this region. Moreover, swelling investment by government in research and development of drug pipeline in treatment has boosted the traumatic brain injuries treatment market growth in this region. The reports state that, according to the Health United States Report 2016, 2.8 million people usually sustains this injury annually and of which 50,000 dies and 282,000 are hospitalized and about 2.5 million nearly 90% are treated and released from the emergency department. Thus, traumatic brain injuries contribute to 30% injury-related of death in the United States.
Whereas, Europe is expected to be the second largest market in the global level owing to the swelling aging population and increasing prevalence of traumatic brain injuries in low- and middle-income countries. According to the data collected by the Journal of Neurosurgery, it states that the overall incidence of TBI per 100,000 people was highest in Europe and about 95% of the population suffered from TBI injury due to increasing impacts of road traffic collisions.
Asia-Pacific is also predicted to be the fastest growing market owing to the rising prevalence of road traffic collision in developed countries whereas Southeast Asian and Western Pacific region experiences the highest burden of TBI disease. Even, the proportion of traumatic brain injuries resulting from road traffic collision was found most significant in Africa and Southeast Asia.
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