Concussions Market Size to Surpass USD 1337.17 Million by 2030 at 3.33% CAGR – Report by Market Research Future (MRFR)

New York, USA, Feb. 07, 2023 (GLOBE NEWSWIRE) — Concussions Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Concussions Market Information By Diagnosis and Treatment, End User And Region – Forecast till 2030“, the market size is projected to reach USD 1337.17 million by 2030, at CAGR of 3.33% from 2022 to 2030.

Market Synopsis

An increasing number of mild head injuries from playing sports, an increasing incidence of road accidents, ongoing product development, and a growing senior population are drivers contributing to the growth in the concussions market report. Additionally, the advancement in technology of concussion evaluation devices will create ample market growth. Gunshot wounds, domestic abuse, sports injuries, and auto accidents can all result in concussions. Although it is only a mild brain injury, it may have lasting implications. A hit to the head, a bump on the head, or a strong shaking of the body and head can all result in this traumatic but mild brain injury. Injury from sports or transportation accidents is the primary cause of concussions. It might also occur due to a fall among persons of various ages, from young children to the elderly. Typical symptoms include nausea, headaches, lethargy, drowsiness, hazy eyesight, and ringing in the ears. Mild brain injury from concussion causes transient damage that might cause irritability and mood swings. The rising prevalence of brain disorders and the steadily growing senior population may help the concession industry grow. Concession sales will have much room to increase as concussions from accidents, sports injuries, and other causes become more common.

Brain injuries are projected to rise, creating additional opportunities for the concession industry to expand. The development of diagnostic and therapeutic approaches, which has produced remarkable outcomes, has been greatly aided by the next-generation products. Such technological developments can portend the concussion market’s expansion shortly. A market growth driver for concussions could be implementing training courses for medical staff in hospitals so they can treat patients properly. With government financing and initiatives, the emphasis on creating a complete and well-equipped hospital infrastructure has grown significantly over time. Additionally, rising scientific research and development efforts to help doctors better comprehend traumatic brain injuries are positively impacting the market expansion.

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Report Scope:

Market Competitive Landscape:

The vital companies in the concussions market are:

• Advanced Brain Monitoring, Inc.
• BioDirection, Inc.
• InfraScan, Inc,
• Nova Signal Corporation,
• BrainScope Company, Inc.

Concussions Market Dynamics:

Market Drivers:

The market is primarily driven by the increase in sports injuries and auto accidents and the susceptible aging population. Additional factors influencing market expansion include adopting technologically improved goods and rising research efforts on concussion diagnosis and treatment. Around the world, concussions are a significant cause of cases each year. A concussion is a minor brain injury since it typically has no life-threatening consequences, but its effects can be severe. Moreover, this industry is expected to experience expansion due to technical developments in concussion evaluation tools. These technology advancements include eye-tracking-based concussion diagnostic devices and rapid point-of-care concussion tests that may be completed in under two minutes.

Many business leaders and health systems are putting effective plans into practice to advance research and development initiatives related to diagnosing and treating concussions. Additionally, the market will experience a significant increase as a result of concussion evaluation equipment technology innovation. Numerous healthcare organizations and industry participants hope to strengthen their R&D initiatives by integrating various concussion therapy and diagnostic device tactics. In clinical trials, stem cells have recently become a viable alternative to traditional brain damage treatments. By moving to the damaged site, stem cells can halt brain damage, encourage healing, and lessen inflammation. Over the projected period, such research initiatives to create novel concussion therapies will likely propel market expansion. Drugs for concussions aid in understanding the drugs with the fastest uptake and the driving forces behind the most extensive usage of new drugs and allow for drug comparisons that are useful for identifying market uptake determinants and making regulatory and financial decisions.

Market Restraints:

The lack of knowledge about concussion therapy can be a barrier to managing concussion symptoms and care. Post-concussion syndrome can last longer if concussions are not properly managed. Additionally, untreated concussion patients run a very high chance of suffering another concussion, which can significantly worsen the severity and duration of post-concussion symptoms.

Browse In-depth Market Research Report (145 Pages) on Concussions: https://www.marketresearchfuture.com/reports/concussions-market-5724

COVID 19 Analysis

The actual effect of COVID-19 on the market was unfavorable. The reason for this was a drop in the demand for concussion treatment. A reduction in sporting events and other sporting activities due to rigorous lockdowns brought on the initial dip in demand. Additionally, the market suffered as a result of interruptions in the market’s supply routes for concussions. The number of concussion cases increases each year significantly all around the world. Although a concussion is not considered a life-threatening brain injury, the effects can nevertheless be severe. Prominent causes of concussions include falls, gunshot wounds, domestic violence, sports injuries, and auto accidents.

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Market Segmentation

By end user, the market includes hospitals & clinics, diagnostic centers, and payers.

By diagnosis and treatment, the market includes diagnosis and treatment.

Concussions Market Regional Insights

Due to the higher prevalence of concussions in the region due to traffic accidents and sports injuries, government initiatives and activities, and awareness campaigns regarding concussion prevention, diagnosis, and treatment. This is attributable to increased government activities and awareness campaigns on concussion prevention, diagnosis, and treatment, as well as the higher prevalence of concussions caused by sports injuries and auto accidents across the continent. Due to reasons like an older population that is more susceptible to falls, an increase in road accidents, and violence, Asia-Pacific experienced the fastest growth. Additionally, it is anticipated that the expanding medical tourism sectors of developing nations like China, Japan, and India will support market expansion in this area.

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Increasing government healthcare spending, increasing concussions, and the relatively inexpensive cost of producing medical equipment are a few more factors boosting market expansion in this area. The aging population in Asia-Pacific, which is more prone to falls, rising traffic accidents, and violent crime, is predicted to drive market expansion. The market expansion in this region is also anticipated to be aided by the expanding medical tourism sectors of developing nations like China, Japan, and India. The government’s expanding healthcare spending, the rise in concussions, and the relatively inexpensive production costs of medical equipment are a few key factors boosting market expansion in this area.

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