Traumatic Brain Injury Diagnostics Equipment Market is expected to reach US$ 7.872 billion by 2030

Imaging for Device Types Segment to Hold Significant Traumatic Brain Injury Diagnostics Equipment Market Share During 2022–2030

According to our latest study on "Traumatic Brain Injury Diagnostics Equipment Market Forecast to 2030 – Global Analysis – Technique, Device Type, and End User," the market is expected to reach US$ 7.872 billion by 2030 from US$ 3.157 billion in 2022. The report emphasizes the key factors driving the market and prominent players' developments. Factors such as the accelerated demand for advanced diagnostic equipment and quick and effective diagnosis for TBI patients propel the traumatic brain injury diagnostics equipment market growth. However, the adverse effects of contrast medium/agent impede the growth of the market.  

Growth Drivers:

Quick and Effective Diagnosis for TBI Patients Drives Traumatic Brain Injury Diagnostics Equipment Market Growth

The main hurdle for the recovery of TBI is that it is often left undiagnosed or misdiagnosed. In the past, concussions and TBIs were diagnosed through diagnostic equipment such as computed tomography (CT) scans and other neurological examinations. However, the use of CT can increase the risk of cancer due to radiation exposure. Therefore, a prompt and accurate brain injury diagnosis is of utmost importance to address mild to severe brain injuries. In October 2023, the Biomedical Advanced Research and Development Authority (BARDA) announced a collaboration with GE Healthcare to develop a novel artificial intelligence (AI)-augmented ultrasound technology in order to promote rapid diagnosis of traumatic injuries. Also, BARDA will support GE Healthcare in the development of a portable ultrasound system to enhance disaster preparedness with fast response for trauma care during mass casualty incidents. Therefore, such new traumatic brain injury diagnostics equipment technologies are expected to bring innovative market trends in the coming years.

Traumatic Brain Injury Diagnostics Equipment Market, by Technique:

Based on technique, the traumatic brain injury diagnostics equipment market analysis is carried out by considering the following subsegments: noninvasive, invasive, and combination techniques. The invasive segment held the largest market share in 2022 and is anticipated to register a CAGR of 11.7% during the forecast period. The noninvasive segment is expected to witness the highest growth during the forecast period. Noninvasive ultrasound technology is used to efficiently screen the severity of traumatic brain injury (TBI). The EU-funded project "BRAINSAFE" introduced an easy-to-use, handheld, noninvasive absolute intracranial pressure (aICP) meter. This device is an effective alternative to painful, invasive procedures used to assess intracranial injuries. The aICP meter utilizes Doppler ultrasound technology to evaluate blood flow parameters in the ophthalmic artery with the help of a disposable pressure cuff and head frame.

Several propositions are being assessed to introduce assistive technology in noninvasive devices in order to come up with the most innovative devices that can help better analyze mild head injuries. BrainScope Company Inc.'s "BrainScope" is the only FDA-cleared noninvasive medical device that assesses brain bleeds and concussions at the point-of-care. The BrainScope helps clinicians classify patients with head injuries through fast actionable results and eliminates the need for computed tomography (CT) scans. After using BrainScope for a year, Adventist Health Kern County revealed its statistics: a 40% reduction in unnecessary head CT scans, a 58% decrease in the duration of stay, and 66% of adult patients identified for further concussion treatment. Furthermore, the noninvasive technique reduces 53% cost related to PCS treatment. The aforementioned factors are expected to positively influence the traumatic brain injury diagnostics equipment market size.

Traumatic Brain Injury Diagnostics Equipment Market, by Device Type:

By device type, the traumatic brain injury diagnostics equipment market is bifurcated into imaging devices and monitoring devices. The imaging devices segment held a larger market share in 2022 and is anticipated to register a CAGR of 11.8% during the forecast period. Imaging of TBI patients helps detect injuries that may require surgical or procedural intervention and determine the prognosis of patients to tailored rehabilitative therapy and counseling. According to the Journal of Nuclear Medicine 2024 report, imaging of mild TBI is generally performed using conventional techniques such as CT or MRI, which involves the monitoring of cognitive and clinical symptoms by physicians. Also, the imaging device measures the severity of TBI without conducting invasive surgery.

Manufacturers are launching innovative products to meet the growing demand for neuroimaging devices. For example, in March 2023, Abbott announced receiving the US Food and Drug Administration (USFDA) clearance for the "Alinity I laboratory instrument." This product will allow clinicians to quickly assess individuals with mild TBIs, also known as concussions.

In May 2021, GE Healthcare announced receiving the Food and Drug Administration (FDA) approval for "SIGNA 7.0T," representing GE Healthcare's strong product portfolio to advance neurological research and clinical transformation. The SIGNA 7.0T is integrated with a precision RF transmitter; its architecture enables improved image quality and research capabilities. Therefore, adoption of imaging devices will result in effective diagnosis of TBI, thereby leading to market growth.

Traumatic Brain Injury Diagnostics Equipment Market, by End User:

By end user, the market is segregated into hospitals & clinics, diagnostic centers, and others. The hospitals & clinics segment held the largest traumatic brain injury diagnostics equipment market share in 2022 and is anticipated to register a CAGR of 12.0% during the forecast period. A TBI clinic is an outpatient service that provides consultation and management for individuals suffering from mild to moderate TBI. For example, Cleveland Clinic (a trusted healthcare leader recognized in the US and globally for expertise and care to treat neurological diseases) intends to treat all kinds of TBIs, from concussions to severe TBIs occurring due to falls, accidents, and other mishaps.

TBI hospitals include specialized departments offering coordinated treatment options to manage epilepsy and monitor adult and pediatric patients with regular video EEG seizure monitoring. This specialized department in hospitals provides diversified treatment options for adults and children suffering from movement disorders such as Parkinson's disease, tremors, and dystonia. The department uses a multidisciplinary approach to work closely with imaging technologies such as MRI, as well as rehabilitation and pain management.

Traumatic Brain Injury Diagnostics Equipment Market, by Geography:

The scope of the traumatic brain injury diagnostics equipment market report entails North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Asia Pacific will record the highest CAGR for the traumatic brain injury diagnostic equipment market during the forecast period. China accounts for the largest market share of the traumatic brain injury diagnostic equipment market. According to the LANCET Neurology report, the frequency of cases registered for TBI in China is considerably high due to which it is among the major public health concerns. For instance, population-based mortality due to TBI in China is estimated to be ~13 cases per 100,000 people. This is mainly due to road traffic accidents. In response to address the concern, medical device manufacturers are developing innovative technology-based products to comprehend brain trauma. For example, "Smart Brain Device" allows clinicians to assess the motion and deformation of the brain efficiently to detect impact-induced brain traumas. Through the simulation, medical personnel can gain a comprehensive understanding of concussions and other brain injuries. Smart Brain Device uses advanced tools such as high-speed cameras, pressure sensors, accelerometers, and displacement sensors to precisely track and capture CSF flow and pressurization during simulations for detecting external impact. Thus, the development of such innovative diagnostic products positively influences the market growth in China.

Apart from factors driving the market, the traumatic brain injury diagnostics equipment market report emphasizes prominent players' developments. GE HealthCare Technologies Inc, Elekta AB, Integra LifeSciences Holdings Corp, Natus Medical Inc, Raumedic AG, BrainScope Co Inc, Luciole Medical AG, Soterix Medical Inc, Medtronic Plc, Vivonics Inc, NanoDx Inc, Compumedics Ltd, Sense Diagnostics Inc, NeuraSignal Inc, and Neurovigil Inc are among the prominent players in operating in the market.

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