Concussions Market: Information by Treatment (Diagnosis and Treatment) by End User (Hospitals and Clinics, Diagnostic Centers and Payers) & Region - Global Forecast till 2027
Market Overview
A concussion can be referred to as a mild traumatic brain injury, which disrupts the normal brain functioning temporarily and is caused by a jolt or blow to the head. Concussions are frequently occurring brain injuries which do not need medication or extensive care. The global concussions market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 3.22%, surpassing a valuation of USD 1,060.36 million during the forecast period (2015-2023). It can also occur from a hit to the body, which produces a reflex force to the head.
Surging prevalence of mild traumatic brain injuries, ever-increasing geriatric population, and ongoing product development and approval are some of the key factors likely to encourage the market growth in the foreseeable future. Big data plays a major role in traumatic brain injury. Efforts to enhance the clinical practice guidelines in order to predict the severity of concussions have led to the development of algorithms, which evaluate changes in cognitive, physical, neuropsychological, and behavioral levels. The increasing data availability and analytical capabilities will further create opportunities to use big data analytics in traumatic brain injuries. Thus, the introduction of big data has encouraged the concussions market growth across the globe.
On the contrary, strict regulatory mandates and the dearth of trained professionals across the globe are estimated to deter the market growth in the coming years.
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Global Concussions Market: Segmental Analysis
The concussions market has been segmented on the basis of treatment and end users.
By treatment, the market is segmented into diagnosis and treatment. Of these, the diagnosis segment was valued at 818.09 USD million in 2017 due to the high prevalence of traumatic brain injury across the globe.
The end users segment comprises diagnostic centers, hospital and clinics, and payers. Of these, the hospital & clinics segment is likely to gain prominence due to favorable reimbursement policies and the presence of advanced healthcare equipment.
Regional Frontiers
Geographically, the concussions market spans across the Asia Pacific, Europe, the Americas, and the Middle East & Africa.
Considering the global scenario, the Americas is predicted to register the most significant growth in the global market, mainly due to the rising prevalence of concussions in the region. The rising awareness created by private firms and government organizations is further encouraging the market growth in the region.
Europe has managed to seize the second-largest share globally due to the rising cases of concussions. The growth can be credited to the rising initiatives by private and public firms like introduction of new guidelines for the management of concussions.
Meanwhile, the Asia Pacific is estimated to expand at the fastest pace, mainly due to the improving healthcare infrastructure along with the rising disposable income of the population. The surge in improved healthcare facilities has further promised a high level of research activities, which has influenced the market positively. The increased incidence of traumatic brain injuries has encouraged the market growth globally.
Industry Updates
September 2019: Aurora Concussion Therapy Systems, Inc. involved in the development of non-invasive medical device in order to treat brain trauma and concussions has declared that the US FDA has designated Aurora Light Therapy System device as a breakthrough device under its Expedited Access Pathway. The aim of this program is to provide healthcare providers and patients with timely access to medical devices by speeding up their assessment, development, and review procedures.
Competitive Dashboard
The top players operating in the concussions market include Integra LifeSciences Corporation, Teva Pharmaceutical Industries Ltd, Sun Pharmaceutical Industries Ltd, Medtronic PLC, Zydus Cadila, Lupin, Mylan NV, Pfizer, Inc., Sanofi SA, and Novartis AG.
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Concussions Market: Information by Treatment (Diagnosis and Treatment) by End User (Hospitals and Clinics, Diagnostic Centers and Payers) & Region - Global Forecast till 2027Concussions Market Overview/Concurrent Market Analysis The global concussions market size is anticipated to touch USD 1,060.36 million at a 3.22% CAGR between 2017-2023, states the new Market Research Future (MRFR) report.
A concussion, simply put, is a form of traumatic brain injury (TBI) resulting from a blow, jolt, or hit on the head or due to a hit on the body, which makes the brain and head in moving rapidly both back and forth.
The sudden movement may make the brain twist or bounce around, making chemical changes and, at times, damaging and stretching the brain cells.
The symptoms and signs of concussion are vital as this does not generally show up on an MRI scan, CT scan, or an x-ray.
These symptoms fall under four major categories.
The cognitive symptoms include difficulty multitasking and completing mental tasks, loss of focus, memory problems, and difficulties with attention.
Concussions Market – OverviewConcussions are among the more frequently caused brain injuries which do not require extensive care or medication.
Reports that gauge the healthcare industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects.
The market is on track to touch a CAGR of 3.22% and accumulate revenue worth USD 1,060.4 million at the end of the forecast period.The concussions market has grown in the past few years due to the rising population bases globally.
Moreover, individuals are also increasingly engaging in adventure sports and thrill-seeking activities which have drastically increased the incidence of concussions.
Also, improvement in concussion management procedures is expected to further incentivize the market growth in the forthcoming forecast period.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/5724Concussions Market Segmental AnalysisThe segmental analysis of the concussions market is carried out on the basis of diagnosis and treatment, end-user and region.
This growth is principally due to the growing initiatives by public and private firms such as the commencement of fresh guidelines for the managing of concussions to help people and medical professionals.
Concussions Market AnalysisGlobal concussion market is predicted to touch USD 1,060.4 million at a 3.22% CAGR over the forecast period (2019-2023), as per the latest Market Research Future (MRFR) report.
Concussion is the least serious and also the most common form of traumatic brain injury.
It is graded as grade 1 (mild), grade 2 (moderate), and grade 3 (severe), resting on such factors as amnesia, loss of equilibrium, and loss of consciousness.
Concussions are generally caused by a blow on the head.
It can also result from a jolt or blow to the head or a hit to the body, which makes the brain and the head to move back and forth rapidly.
These factors, as stated by the MRFR report, include growing geriatric population, ongoing product development and approval, and rising incidence of mild traumatic brain injuries.
(Albany, US) DelveInsight has launched a new report on "Concussions Market Insights, Epidemiology, and Market Forecast-2030"DelveInsight's "Concussions Market Insights, Epidemiology, and Market Forecast-2030" report delivers an in-depth understanding of the Concussions, historical and forecasted epidemiology as well as the Concussions market trends in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan.Some of the Concussions facts:In the U.S. around 1.6 to 3.8 million sports-related concussions occur every year, which means that 1 in 5 athletes who play is likely to suffer a concussion annually.According to the National Center for Injury Prevention and Control, CDC, in the U.S., the overall transport nonfatal emergency department visits were around 3,432,165 in 2018.The leading causes of concussion in the U.S. include falls (52%), motor vehicle-related injuries (20%), being hit by or colliding with an object (17%), and assaults (11%).Request for free Sample Report: https://www.delveinsight.com/sample-request/concussions-marketView Report: https://www.delveinsight.com/report-store/concussions-marketScope of Concussions Report:The report covers the descriptive overview of Concussions, explaining its causes, signs and symptoms, pathophysiology, diagnosis and currently available therapiesComprehensive insight has been provided into the Concussions epidemiology and treatment in the 7MMAdditionally, an all-inclusive account of both the current and emerging therapies for Concussions are provided, along with the assessment of new therapies, which will have an impact on the current treatment landscapeA detailed review of Concussions market; historical and forecasted is included in the report, covering drug outreach in the 7MMThe report provides an edge while developing business strategies, by understanding trends shaping and driving the global Concussions marketRequest for free Sample Report: https://www.delveinsight.com/sample-request/concussions-marketView Report: https://www.delveinsight.com/report-store/concussions-marketConcussion is a mild traumatic brain injury (TBI).
It can occur after an impact to your head or after a whiplash-type injury that causes your head and brain to shake quickly back and forth.
A concussion results in an altered mental state that may include becoming unconscious.Anyone can become injured during a fall, car accident, or any other daily activity.
If you participate in impact sports such as football or boxing, you have an increased risk of getting a concussion.
Concussions are usually not life-threatening, but they can cause serious symptoms that require medical treatment.A concussion is different from a contusion.
A concussion specifically affects your brain, but contusions are bruises.
