USD 710.96 million
Report ID: SQSG35A2094 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 119 | Figures: 79
Non-Invasive Brain Trauma Monitoring Devices Market size was valued at USD 710.96 million in 2021 and is poised to grow from USD 812.57 million in 2022 to USD 2367.32 million by 2030, growing at a CAGR of 14.3% in the forecast period (2023-2030).
Traumatic brain injury (TBI) is a serious illness that affects millions of individuals annually. For instance, brain injury is a major global cause of disability and death, according to World Health Organization (WHO) research.
Most minor injury victims don't require hospitalization. A hospital or neuro center should handle the treatment for those with severe head injuries. Non-invasive brain monitoring devices help neurologists evaluate the health of the brain without becoming invasive.
In hospitals and neurological institutions, non-invasive brain trauma monitoring devices are being used more often to track patients' recovery from initial brain injuries and prevent further brain damage.
Non-invasive brain trauma monitoring devices in traumatic brain injury have an anti-inflammatory impact because they prevent the production of inflammatory molecules after a head injury.
It helps the practitioner to determine whether and what steps should be taken to reduce brain trauma by continuously assessing brain trauma in critical-care patients. These factors will bolster the demand for non-invasive brain trauma monitoring in the global market.
US Non-Invasive Brain Trauma Monitoring Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 710.96 million
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Global Non-Invasive Brain Trauma Monitoring Devices Market is segmented based on the type, product, application, end users, and region. Based on Type, the market is segmented into Non-invasive Intracranial Pressure Monitors, Non-invasive Cerebral Edema Dynamic monitors, and others. According to the product it is bifurcated into Consumables and Monitoring Devices. On the basis of application, it is categorized into Cardiology, Urology, and Nephrology, Oncology, Gastroenterology, and others. According to end users, it is sub-segmented into Hospitals, Neurological Centres, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Non-Invasive Brain Trauma Monitoring Devices Market Analysis by product
The monitoring segment accounted for the highest market share in 2021. Monitoring devices segment is further sub-divided into intracranial pressure monitoring, MRI scanners, CT scanners, PET scanners, electroencephalography, magnetoelectroencephalography (MEG), and others.
The widespread usage of these monitoring tools owing to the new healthcare settings globally is fueling market expansion. The cost of these devices is higher than that of the consumables, increasing the market share of this sector.
On the other hand, it is projected that the consumables segment, which consists of electrodes, sensors, and fiber optic cables, would develop at a profitable pace throughout the projection period. This is due to repeated purchases of these items and ongoing maintenance procedures.
Non-Invasive Brain Trauma Monitoring Devices Market Analysis by Type
The segment of non-invasive intracranial pressure monitoring held the largest market share in 2021. There is a small cavity in the skull that holds water and other mainly incompressible materials.
Therefore, even moderate swelling has the potential to significantly raise intracranial pressure (ICP), cause more brain swelling, and perhaps cause permanent brain damage.
ICP monitoring is crucial in the clinical care of brain injuries that entail the risk of fatal intracranial hypertension. Various research and development initiatives are also undertaken for the creation of a novel non-invasive method for continuous intracranial pressure (ICP) monitoring using a forehead-mounted probe.
In the treatment of serious head trauma, intracranial pressure (ICP) monitoring has come to be considered one of the standards of care.
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Globally, North America dominated the Global Non-Invasive Brain Trauma Monitoring Devices Market in 2021. This is because the healthcare sector in North America is expanding rapidly. North America is anticipated to lead the worldwide non-invasive brain trauma monitoring devices market in terms of geography due to the presence of several technology and pharmaceutical businesses in nations like Canada and the U.S. Additionally, a rise in the prevalence of traumatic brain injuries and the cost of treatment are both contributing to the market's expansion.
Asia Pacific region is expected to witness the fastest growth rate during the forecast period. The demand for the no-invasive brain trauma monitoring device is expected to increase because of economic trends, particularly in China and India. Furthermore, this area contributes about 60.0% of the world's population, as a result, the enormous population base's significant unmet demands present opportunities for market participants. Due to these reasons the market is anticipated to expand significantly in developing regions like the Asia Pacific during the forecast period.
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Non-Invasive Brain Trauma Monitoring Devices Market Drivers
Rising Need to Cater Numerous Brain Trauma will Boost Demand for Non-Insvasive Brain Trauma Monitoring Devices in Global Market
Non-Invasive Brain Trauma Monitoring Devices Market Restraints
Stringent Government Regulations to Hinder Market Growth during Forecast Period
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Global Non-Invasive Brain Trauma Monitoring Devices Market is fragmented and highly competitive. To maintain a competitive edge and increase their market position in the worldwide non-invasive brain trauma monitoring devices market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships.
In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Non-Invasive Brain Trauma Monitoring Devices Market Top Player's Company Profiles
Non-Invasive Brain Trauma Monitoring Devices Market Recent Developments
Rise in Clinical Trials will Shape the Future of Non-Invasive Trauma Monitoring Devices Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global non-invasive brain trauma monitoring devices market analysis, the demand for these devices is probably going to increase as minimally invasive techniques become more and more common. In terms of type, the segment of non-invasive intracranial pressure monitoring held larger market share. This can be attributed to the importance of intracranial pressure monitoring in cases of brain injuries. In terms of product, the segment of monitoring devices held the larger share of the Global Non-Invasive Brain Trauma Monitoring Devices Market. This can be caused due to the high cost of these devices and the changing healthcare scenario worldwide. Players in the market can strategies better by investing in expansion of product portfolio and catering to rising needs of patients.
|Market size value in 2021
|USD 710.96 million
|Market size value in 2030
|USD 2367.32 million
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Non-Invasive Brain Trauma Monitoring Devices Market Recent Developments
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Global Non-Invasive Brain Trauma Monitoring Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Non-Invasive Brain Trauma Monitoring Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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