Concussion Market to Hit $8.7 Billion By 2027

The global concussion market size is expected to reach over USD 8.7 billion by 2027, expanding at a CAGR of 3.4% from forecast period 2020 to 2027.

The global concussion market size was valued at USD 6.5 billion in 2019, according to Vision Research Reports.

Increasing number of injuries being caused to the brain resulting in a high prevalence of associated disorders such as concussion is driving the market in a positive manner.

The rising number of road accidents and sports injuries, coupled with the growing vulnerable aging population, are major factors driving the market. In addition, increasing research activities on concussion diagnosis and treatment as well as the adoption of technologically advanced products are few other factors contributing to market growth.

Increasing incidence of mild traumatic brain injuries, ongoing product development, and approval growing geriatric population are expected to enhance the market growth. However, factors such as stringent regulatory framework and shortage of trained professionals restrain the growth of the market during the forecast period.

The global Concussions market has been primarily driven by increasing incidence of mild traumatic brain injuries, ongoing product development, and approval growing the geriatric population. According to recent research conducted by the University of Pittsburgh’s Brain Trauma Research Center, over 62,000 concussion injuries are sustained in high school contact sports every year in the US.

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according to the World Health Organization (WHO), the global incidence for TBI is close to 10 million people annually. Therefore, the increasing prevalence of mild traumatic injuries is expected to provide favorable backgrounds for the market to grow over the forecast period. Factors such as stringent regulatory framework, shortage of trained professionals are restraining the growth of the market in the forecast period.

Concussions are mild brain injuries that arise mainly due to participation in contact sports such as lacrosse, rugby, and baseball to name a few. The concussions market has grown considerably due to the rising number of cases, particularly in athletics. The market is likely to gain traction because of the high probability of developing concussions, especially by professional athletes.

The development of the sports medicine sector is expected to aid the progress of the concussions market. The long-term effects of concussions are expected to concentrate the scope of development in the market on product offerings that focus on rehabilitation and management following a concussion injury. The enhancement in detection methods is projected to additionally stimulate the growth of the concussions market in the impending years. Moreover, the availability of improved facilities for concussion treatment is anticipated to bolster market growth successfully.

Report Insights

• The treatment segment dominated the largest revenue share of 51.1% in 2019. The segment is expected to witness the highest CAGR of 3.6% from 2020 to 2027.
• The diagnosis segment is further sub-segmented into Magnetic Resonance Imaging (MRI), Computed Tomography (CT) scan, and X-ray. Due to the higher sensitivity of these devices, they are widely used to assess patients with concussions.
• North America region accounted for the largest revenue share of 62% in 2019. This is owing to the greater incidence of concussions due to road accidents and sports injuries in the continent, increasing government initiatives, and awareness campaigns regarding concussion prevention, diagnosis, and treatment.
• In Asia Pacific, the market is expected to witness the highest CAGR of 5% from 2020 to 2027 owing to factors such as growth in the aging population who are more vulnerable to falls, increasing incidence of road accidents, and violence.

Some of the prominent players in the concussion market include:

• Nihon Kohden Corporation
• Compumedics Ltd.
• Integra Lifesciences
• BioDirection, Inc.
• InfraScan, Inc.
• Oculogica
• Raumedic AG

Market Segmentation

Assessment and Treatment Outlook

• • Diagnosis
    • Magnetic Resonance Imaging (MRI) Devices
    • Computed Tomography (CT) Scan
    • X-ray
    • Others
  • Treatment

Regional Outlook

• • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE

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