Market Highlights
The global concussions market is expected to register a CAGR of 3.22% during the forecast period with a market value of USD 1,060.4 million.
Head injuries that are severe enough to affect brain functions are termed as traumatic brain injuries (TBI). A concussion is a form of mild traumatic brain injuries. Rising cases of concussions coupled with the growing product development for the management of concussions by several companies have led to the growth of the global concussions market in recent years. Moreover, the growing geriatric population is also expected to fuel the growth of the market. On the other hand, the lack of trained personnel in different developing and underdeveloped economies is likely to hamper the market growth over the forecast period.
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Key Players:
Market Research Future (MRFR) recognizes the following companies as key players in the global concussions market that include –
Sanofi S.A.
Novartis AG
Mylan N.V.
Pfizer Inc.
Zydus Cadila
Lupin
Sun Pharmaceutical Industries Ltd
Medtronic Plc
Integra LifeSciences Corporation
Teva Pharmaceutical Industries Ltd.
Segmentation:
The global concussions market is segmented on the basis of diagnosis, type, treatment, and end-user.
On the basis of diagnosis, the global concussions market is segmented into imaging tests, neuropsychological assessment, balance assessment, and others. Imaging tests are further segmented into Computed Tomography (CT) scans, Magnetic Resonance Imaging (MRI) scans, Electroencephalogram (EEG), and others.
On the basis of type, the global concussions market is segmented into mild (grade 1), moderate (grade 2), and severe (grade 3).
On the basis of treatment, the global concussions market is segmented into medications, therapies, supportive care, surgery, and others. The medication segment is further classified into analgesic, anti-nausea medication, and others.
On the basis of end-user, the market is segmented into hospitals, clinics, and others.
Regional Analysis:
The global concussions market consists of four regions such as the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas dominate the global concussions market owing to the increasing cases of brain injuries, improving overall healthcare infrastructure, expanding private healthcare sector, and economic growth. According to the Centers for Disease Control and Prevention (CDC), 4,35,000 cases of concussions and TBIs on an average are witnessed every year in children below the age of 14 years. Typically, the chances for concussions are high in children under the age of five and adolescents of 15 to 19 years of age. Males are twice as much prone to sustain concussion injuries as that of the female.
Moreover, the European region is the second largest market for global concussions due to the increasing cases of accidents, injuries due to sports activities, and advancements in the medical procedure. Moreover, these conditions have resulted in the adoption of the shock pad technology that began in Europe and is nowadays commercially available in the U.S.
Asia Pacific is the fastest growing region for concussions market due to the increasing demand for painkillers and analgesics by sports professionals and increasing R&D activities for the development of novel drugs.
The Middle Eastern and African region is growing at a steady pace contributing the lowest share of the global concussions market.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
…Continued!
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