The Concussions
Market Insights By Diagnosis and Treatment
(Diagnosisand Treatment), By End User (Hospitals & Clinics, Diagnostic Centersand
Payers),and by Region (North America, Europe, Asia-Pacific, and Rest of the
World)—Forecast till 2030
The global concussions
market is anticipated to touch USD 1337.17 million
at a 3.33% CAGR during the forecast period, 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. Generally,
concussions are not life-threatening yet may result in serious symptoms that
need medical treatment. With advancements in technology, today, many
concussions device is available in the market that helps in diagnosis and
prevention of concussions or traumatic brain injury.
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 physical/somatic
symptoms include sensitivity to noise and light, nausea, dizziness,
lightheadedness, and headache. The cognitive symptoms include difficulty
multitasking and completing mental tasks, loss of focus, memory problems, and
difficulties with attention. The sleep symptoms include having trouble to
sleep, sleeping less than needed, and sleeping more than needed. The emotional
symptoms include panic attacks, depression, and anxiety.
Numerous factors are propelling the concussions market trends
growth. Such factors, as per the new Market Research Future report, include
developing sports medicine sector, investment of key players towards the
management as well as treatment of concussions, the introduction of big data,
ongoing product development as well as approval, increasing geriatric
population, and increasing cases of mild traumatic brain injuries.
On the flipside, the dearth of skilled professionals and strict
regulatory framework are factors that may have a negative impact on the
concussions industry growth during the forecast period.
Market Segmentation
The Market Research Future report offers a complete segmental
analysis of the concussions market trends on the basis of end user and
treatment.
By treatment, the global concussion
treatment trends is
segmented into diagnosis and treatment. Among these, diagnosis will lead the
market during the forecast period for the increasing incidence of traumatic
brain injury worldwide.
By end user, the global concussions market trends is segmented
into hospitals and clinics, payers, and diagnostic centers. Among these,
hospitals and clinics will dominate the market during the forecast period for
the presence of advanced healthcare equipment and favorable reimbursement
policies.
Regional Analysis
By region, the concussions market report covers the latest
trends and growth opportunities across North America, Europe, the Asia Pacific (APAC),
and the Middle East and Africa (MEA). Among these, the Americas will command
the largest share in the market during the forecast period. Numerous factors
are propelling the growth of the concussions market in the region, such as the
rising prevalence of concussion coupled with the increasing awareness made by
private firms as well as government organizations alike.
In Europe, the concussions market will have the second-largest
share during the forecast period for the rising prevalence of concussions.
In the Asia Pacific region, the concussions market will grow at
the fastest pace during the forecast period. Numerous factors are propelling
the growth of the concussions market in the region, such as increasing research
and development activities, rising incidence of traumatic brain injuries,
increasing number of research and development centers being set up,
well-established healthcare infrastructure, increasing disposable income, and
developing healthcare infrastructure.
In the MEA, the concussions market will have a slow and steady
growth during the forecast period for limited access as well as healthcare
affordability.
Key Players
Notable players profiled in the concussions market report
include Integra LifeSciences Corporation, Zydus Cadila, Teva Pharmaceutical
Industries Ltd, Mylan NV, Sun Pharmaceutical Industries Ltd, Sanofi SA,
Medtronic PLC, Pfizer, Inc., Novartis AG, and Lupin.
Industry News
November 2019- NTS has collaborated with AES R&D for
reducing concussions that are sport-related through virtual simulations and a
breakthrough helmet technology. This helmet has been specially designed for
preventing the helmet and the head from spinning at the time of the impact,
that strains the brain.
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