Concussion Market by Type (Mild, Moderate, Severe), Diagnosis (Magnetic Resonance Imaging (MRI) Devices, Computed Tomography (CT) Scan, X-ray), Treatment (Medications, Therapies), End-User (Hospitals & Clinics, Diagnostic Centers, Medical Camps), & Region for 2024– 2031
Report ID: 118277|No. of Pages: 202
Concussion Market by Type (Mild, Moderate, Severe), Diagnosis (Magnetic Resonance Imaging (MRI) Devices, Computed Tomography (CT) Scan, X-ray), Treatment (Medications, Therapies), End-User (Hospitals & Clinics, Diagnostic Centers, Medical Camps), & Region for 2024– 2031
Concussion Market Valuation – 2024-2031
The growing awareness and concerns about the long-term effects of concussions, particularly in sports like American football, rugby, and soccer, are the primary drivers of the concussion market. Concussions have been proven to increase the incidence of motor vehicle accidents, highlighting the need for improved standards and management practices for return-to-drive decisions following a concussion. According to the analyst from Verified Market Research, the concussion market is estimated to reach a valuation of USD 9.51 Billion by 2031 over the forecast subjugating around USD 7.4 Billion valued in 2024.
Furthermore, the increased usage of concussion evaluation tools, as well as the development of new technologies such as driving simulators, are projected to accelerate the concussion market’s growth. It enables the market to grow at a CAGR of 3.50% from 2024 to 2031.
Concussion Market: Definition/Overview
Concussion is a mild traumatic brain injury induced by a blow, knock, or jolt to the head that impairs normal brain function. It can cause transitory symptoms including headaches, confusion, dizziness, and memory loss, but it seldom causes permanent damage.
Furthermore, concussions are a big concern in sports, especially contact sports such as football, hockey, and soccer, where players are in danger of suffering brain injuries. Concussions must be properly managed to avoid future injury and allow the brain to heal completely. This includes protocols for prompt removal from play, medical examination, and a gradual return to exercise after symptoms have subsided. Concussions are equally common in other settings, such as car accidents and falls, and require similar examination and treatment.
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What are the Aspects Influencing the Growth of the Concussion Market?
The growing frequency of sports-related concussions is a major driver in the concussion market. The Centers for Disease Control and Prevention (CDC) estimates that 1.6 to 3.8 million sports and recreation-related concussions occur in the United States each year. A study published in the journal Pediatrics discovered that the rate of confirmed concussions among children aged 10 to 19 years increased by 71% between 2010 and 2015. This rising frequency is fueling the need for better concussion diagnostic, management, and treatment options.
Increase in understanding of the long-term repercussions of concussions is propelling market expansion. According to the Brain Injury Research Institute, 5-10% of athletes will get a concussion during a sporting season. Also, research published in JAMA Neurology discovered that 87% of former football players had symptoms of chronic traumatic encephalopathy (CTE), a degenerative brain condition caused by repeated head hits. This greater awareness is resulting in more frequent diagnoses and increased demand for concussion management goods and services.
Furthermore, increased investment in concussion research drives market innovation. In 2020, the National Institutes of Health (NIH) reported funding for more than $100 million in concussion-related research initiatives. Also, the NCAA and the Department of Defense have collaborated on a $30 million study, the largest concussion study in history, with over 40,000 student-athletes. This increase in research investment is encouraging the development of novel technology and therapies in the concussion market.
What are the Primary Challenges Faced by the Concussion Market?
In some sectors, there is a lack of knowledge about concussions and their potential long-term repercussions. This slows market growth by causing underdiagnosis and undertreatment. Improving education and understanding about concussions, especially in areas with poor healthcare resources, is critical to overcoming this obstacle.
Patients struggle to acquire concussion treatment or rehabilitation due to the high expense of these services, especially in locations with limited healthcare resources or those without adequate insurance coverage. Improving the pricing and accessibility of concussion care is critical to driving market growth.
Category-wise Acumens
What Factors Contribute to the Increasing Demand for Mild Concussions?
According to VMR analyst, the mild concussion segment is expected to dominate within the concussion market. Mild concussions are the most common type of concussion, usually produced by minor blows or jolts to the head. They are distinguished by symptoms such as headache, dizziness, disorientation, and sensitivity to light or noise, which typically recover in a few days to a week with rest and pain relievers.
The growing popularity of contact sports and high-impact activities has resulted in a surge in sports-related concussions, boosting demand for concussion treatment products and services. Furthermore, increased public awareness of the risks connected with concussions has contributed to the segment’s domination.
Furthermore, the necessity for rapid diagnosis and treatment has resulted in the development of advanced diagnostic tools such as neuroimaging, biomarkers, and other diagnostic tests. This has improved the early detection and management of mild concussions, increasing the segment’s market share.
What Benefits Does the Magnetic Resonance Imaging (MRI) Devices Offer for the Concussion Market?
The magnetic resonance imaging (MRI) device segment is estimated to hold the largest share of the concussion market during the forecast period. MRI devices have been established as the gold standard for concussion diagnosis due to their capacity to produce precise, high-resolution images of the brain. MRI scans can detect subtle structural changes and anomalies that other imaging modalities may be visible, resulting in more accurate concussion identification and assessment.
The necessity of early and correct concussion diagnosis is becoming more widely recognized, particularly in sports and the military. This has resulted in a greater use of advanced imaging techniques like as MRI, as healthcare practitioners and organizations recognize the importance of these tools in directing proper treatment and management strategies.
Furthermore, continuous advancements in MRI technology, such as quicker scanning times, greater resolution imaging, and advanced data analysis tools, have made it a more accessible and trustworthy choice for concussion diagnosis. These improvements have strengthened the dominance of the MRI devices segment in the concussion market.
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Country/Region-wise Acumens
What are the Drivers Contributing to the Dominance of North America in the Market?
North America is estimated to dominate the concussion market during the forecast period. North America, particularly the United States, has a high participation rate in contact sports, which is a major driver of the concussion market. According to the National Federation of State High School Associations (NFHS), over 7.9 million students participated in high school sports during the 2018-2019 academic year. Football, a high-risk activity for concussions, has more than 1 million participants. The CDC estimates that between 1.6 and 3.8 million sports-related concussions occur each year in the United States. The region’s high risk of concussion promotes the need for concussion diagnosis, management, and treatment solutions.
Furthermore, North America’s well-developed healthcare system and increased awareness of concussions are driving market expansion. According to the American Medical Society for Sports Medicine, concussions make up 8.9% of all high school athletic injuries. Also, a study published in the journal Pediatrics discovered that the rate of diagnosed concussions among US youth aged 10 to 19 years increased by 71% between 2010 and 2015. This increased diagnosis rate indicates both increased awareness and improved healthcare infrastructure, which contributes to market growth.
What factors influence the market for Concussions in the Asia Pacific region?
The Asia Pacific region is estimated to exhibit the highest growth within the market during the forecast period. The Asia Pacific region has seen an increase in sports participation, particularly in contact sports, resulting in an increased risk of concussion. According to the Asian Football Confederation (AFC), football participation in Asia increased by 45% between 2015 and 2020, with more than 300 million active players on the continent.
Concussions and their long-term repercussions are becoming more widely understood, leading to higher diagnosis rates. A study published in the Journal of Neurosurgery found that concussion awareness campaigns in Japan resulted in a 30% rise in diagnosed cases among high school athletes between 2016 and 2019.
Furthermore, the Asia Pacific region’s population is rapidly aging, increasing the incidence of fall-related concussions. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), by 2050, one in every four persons in the region will be over the age of 60, making them a high concussion risk group.
Competitive Landscape
The concussion market is fiercely competitive, with medical device makers, pharmaceutical corporations, and healthcare providers all vying for a share of the market. These firms are racing to create breakthrough diagnostic tools, therapies, and management techniques to meet the growing need for effective concussion care.
Some of the prominent players operating in the concussion market include:
- Abbott
- BrainScope Company, Inc.
- Compumedics Limited
- Elekta AB
- InfraScan, Inc.
- Integra LifeSciences
- Medtronic
- NanoDiagnostics, Inc.
- Nihon Kohden Corporation
- Novasignal Corporation
Latest Developments:
- In September 2021, BrainScope Company, Inc. released BrainScope One, an Al-powered medical device designed to help physicians quickly and accurately examine patients with concussions or other traumatic brain injuries.
- In February 2021, Biogen acquired TMS, a medical device company focused on diagnosing and treating traumatic brain injuries. Biogen completed the deal to expand its product line in the concussion market.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| Growth Rate | CAGR of ~3.50% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2024-2031 |
| Forecast Period | 2021-2023 |
| Quantitative Units | Value (USD Billion) |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Abbott, BrainScope Company Inc., Compumedics Limited, Elekta AB, InfraScan Inc., Medtronic, NanoDiagnostics Inc., Nihon Kohden Corporation, Novasignal Corporation. |
| Customization | Report customization along with purchase available upon request |
Concussion Market, by Category
Type:
- Mild Concussion
- Moderate Concussion
- Severe Concussion
Diagnosis:
- Magnetic Resonance Imaging (MRI) Devices
- Computed Tomography (CT) Scan
- X-ray
- Others
Treatment:
- Medications
- Therapies
- Others
End-User:
- Hospitals and Clinics
- Diagnostic Centers
- Medical Camps
- Others
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Customization of the Report
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Concussion Market, By Type of Concussion
• Sports-Related Concussions
• Non-Sports Related Concussions
5. Concussion Market, By Diagnostic Tools
• Imaging Techniques
• Clinical Assessment Tools
• Wearable Sensors
6. Concussion Market, By Treatment Options
• Rest and Symptom Management
• Rehabilitation Therapy
• Pharmacological Interventions
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Abbott
• BrainScope Company Inc.
• Compumedics Limited
• Elekta AB
• InfraScan, Inc.
• Integra LifeSciences
• Medtronic
• NanoDiagnostics, Inc.
• Nihon Kohden Corporation
• Novasignal Corporation
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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