Concussions Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The concussion market is poised to grow significantly. It is expected to reach $ 6 billion by 2024 and $ 10.08 billion by 2032. This growth is a CAGR of 5.6% during the forecast period. Awareness of concussion in contact sports and the military has increased the demand for advanced diagnostics and treatment. Research on the long-term effects of concussions is also driving innovation in this market. The development of wearable devices to monitor and assess head injuries in real time is also driving market growth. Companies such as ImPACT Applications Inc. and Abbott Laboratories are investing in this market through new products and collaborations. New neurocognitive testing platforms and mobile applications will increase the accuracy of concussion evaluations and thus increase their adoption across all age groups. These strategic initiatives will play a major role in shaping the future of concussion management.

Regional Market Size

Regional Deep Dive

Concussions are a significant growth area in many regions, driven by the increasing awareness of the long-term effects of concussions, the advancement of diagnostics, and the growing concern for safety in sports and other high-risk activities. In North America, especially in the United States, the emphasis is on regulatory frameworks and educational programs to reduce concussions, while Europe is seeing an increase in new treatments and preventive measures. The Asia-Pacific region is characterized by an increasing sporting culture and increasing investments in health care, while the Middle East and Africa are seeing increasing awareness and initiatives to address concussion management. Latin America is slowly adopting concussion management, influenced by international guidelines and local health policies.

Europe

• The European Union has launched initiatives to standardize concussion management protocols across member states, promoting a unified approach to treatment and prevention.
• Innovative technologies, such as wearable devices for real-time monitoring of head impacts, are being developed by companies like Catapult Sports, which are expected to revolutionize concussion management in sports.

Asia Pacific

• Countries like Australia and Japan are increasingly focusing on concussion awareness campaigns, supported by organizations such as the Australian Sports Commission, which aim to educate athletes and coaches on the risks associated with head injuries.
• The rise of contact sports in countries like China is leading to a greater emphasis on concussion research and management, with local universities collaborating on studies to improve safety protocols.

Latin America

• Countries like Brazil are beginning to adopt international concussion protocols in sports, influenced by the growing popularity of soccer and the need for player safety.
• Local health organizations are collaborating with international bodies to develop educational materials and training programs focused on concussion awareness and management in schools and sports.

North America

• The National Football League (NFL) has implemented stringent concussion protocols and invested in research to improve player safety, significantly influencing public awareness and regulatory standards.
• Recent legislation in several U.S. states mandates concussion education and management protocols in schools, which is expected to enhance early detection and treatment of concussions among young athletes.

Middle East And Africa

• In South Africa, the Department of Sport and Recreation has initiated programs to educate coaches and athletes about concussion risks, reflecting a growing recognition of the issue in the region.
• The establishment of the Concussion in Sport Group in the UAE aims to create guidelines and resources for managing concussions in sports, indicating a shift towards more structured approaches to head injury management.

Did You Know?

“Studies have shown that athletes who have suffered multiple concussions are at a significantly higher risk of developing chronic traumatic encephalopathy (CTE), a degenerative brain disease.” — Journal of the American Medical Association (JAMA)

Segmental Market Size

The concussion market is currently growing, mainly due to increased awareness of the long-term consequences of concussion, especially in contact sports and the military. Also, the demand for safety in the sports world has been increasing. The National Football League (NFL) has, for example, introduced strict concussion regulations, which have influenced other leagues. Consequently, the market is currently in a mature adoption stage, with notable examples including the use of advanced helmet technology by companies such as ViCIS and the use of impact monitors in schools and sports halls. The main applications are in the field of sports safety, diagnostics and rehabilitation. The development of telemedicine services and government initiatives to promote concussion education will also accelerate growth. Machine learning for concussion prediction and wearables for real-time monitoring will also help the market evolve and help to manage and prevent concussions.

Future Outlook

CONCUSSION MARKET SET TO GROW STRONGLY FROM 2024 TO 2032. From six billion to ten billion dollars, at a compound annual growth rate of 5.6%. This growth is driven by a growing awareness of the risks of concussion, particularly in contact sports and among young people. As educational institutions and sporting associations implement stricter safety and concussion management policies, the penetration of concussion products and services is set to increase considerably. In 2032, an estimated thirty per cent of athletes in a range of sports will be regularly tested for concussion, compared with an estimated fifteen per cent in 2024. This shows a growing acceptance of the importance of prevention and early intervention. In the next five years, key developments in diagnostics and the monitoring of head impacts are expected to have a significant impact on the market. Artificial intelligence and machine learning will increase the accuracy of concussion diagnosis and management, driving penetration rates higher still. Also contributing to the growth of the market will be changes in national and international policy. These changes will see tighter regulations on concussion management in schools and professional sports leagues. A better understanding of the long-term effects of concussion will also lead to a growing demand for effective treatments and prevention strategies, further driving the market growth to 2032.