Rising cases of neurological disorders, increasing awareness of new treatment procedures associated with brain trauma, growth in the advancements of brain trauma monitoring accessory, increasing preference for non-invasive diagnostics, are key factors contributing to high CAGR of Non-Invasive Brain Trauma Monitoring Accessory during forecast period.
According to the current analysis of Reports and Data, the global Non-Invasive Brain Trauma Monitoring Accessory market was valued at USD 10.19 Billion in 2019 and is expected to reach USD 18.35 Billion by the year 2027, at a CAGR of 7.7%. The projected growth is mainly due to applications of non-invasive brain trauma monitoring accessory in neurotrauma and other brain disorders. Neurotrauma is a hazardous public health problem that deserves the attention of the world's health community.
The increasing load of Brain Trauma Injuries may be a leading explanation for neurodegenerative disorders like Alzheimer’s and Parkinson’s diseases. As a result, there are varied initiatives taken at the regional and world levels to form awareness that expedited a significant designation rate, therefore governing the expansion of non-invasive brain trauma monitoring accessory. WHO has conducted research which showed that traumatic brain injury (TBI) usually requires long-term care and therefore incurs an economic cost to health systems. For this reason, various countries need to develop surveillance systems and conduct epidemiologic studies to estimate the impact of neurotrauma among their people to guide the development of more effective preventive methods. Several methods have already proven effective, such as the use of motorcycle helmets, head supports in vehicles or sports equipment. The Technological progress in the area is concerned with precision, and affordability that are supporting the trade growth. For example, recently obtainable non-invasive intracranial pressure monitors, like Transcranial physicist (TCD), are correct in positioning and making a far better pressure gradient and additionally transportation with additional accuracy within the treatment. The Minimally Invasive Surgeries are less traumatic to patients and facilitate quicker recovery with fewer hurdles. In minimally invasive medicine surgeries, non-invasive brain trauma observance accessory play an important role. Thus, the rising volume of MIS is propelling the Non-Invasive Brain Trauma Monitoring Accessory industry’s growth.
Key companies profiled in the report include
Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Advanced Brain Monitoring, CAS Medical Systems, Inc., Siemens, Inc., Compumedics Ltd., Medtronic PLC., Integra Lifesciences
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Non-Invasive Brain Trauma Monitoring Accessory market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Non-Invasive Brain Trauma Monitoring Accessory Market Segmentation based on Types:
Type (Revenue, USD Million; 2017–2027)
- Monitoring Accessory
- MRI
- CT scanner
- PET scanner
- EEG
- MEG
- Other
- Accessories
- Electrodes
- Sensors
- Other
Application (Revenue, USD Million; 2017–2027)
- Traumatic Brain Injuries
- Parkinson
- Headache disorders
- Epilepsy
- Other Applications
End Use (Revenue, USD Million; 2017–2027)
- Hospital
- Neurological Centers
- Diagnostics Labs
- Emergency Care Units
- Others
Further key findings from the report suggest
- Non-Invasive Brain Trauma Monitoring Accessory market is growing at a CAGR of 8.1% in the Asia Pacific, followed by Europe and North America, with 7.9% and 7.8% CAGR, respectively. High brain trauma cases across the globe are the key factor to accelerate the non-invasive brain trauma monitoring accessory market growth during forecast period across all regions
- As of 2019, Traumatic Brain Injuries is the dominating Non-Invasive Brain Trauma Monitoring Accessory application, which holds 26% of the global Non-Invasive Brain Trauma Monitoring Accessory market. Asia Pacific market is the chief revenue-generating source for this product segment, followed by North America and Europe regions
- Neurological centers are expected to be the fastest-growing market segment during the forecast period 2019-2027, with a CAGR of 8.3%. The availability of skilled professionals and state of the art equipment’s in the centers will help to gain momentum in the non-invasive brain trauma monitoring accessory market.
- Other Application segments (that includes Autism, Schizophrenia, Depression, Dementia, Dyslexia) was valued at USD 1.88 billion and is expected to reach USD 3.31 billion by 2027
- Europe is expected to account for 30% of the global Non-Invasive Brain Trauma Monitoring Accessory market. The aging population and availability of the latest treatment procedures available in the healthcare system will help witness Non-Invasive Brain Trauma Monitoring Accessory growth in the region.
- The high cost associated with the mechanism, lack of availability of equipment’s and skilled professionals in developing regions are likely to hinder the market growth during the forecast period.
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