ID: MRFR/MED/3787-HCR | 110 Pages | Author: Kinjoll Dey | June 2023
The Head Trauma Market is projected to grow USD 2880 million at a CAGR of 8.3% during the forecast period 2022-2030. Head trauma is a brain injury that is occurred when there is a minor bump on the skull or serious brain injury. Head trauma causes traumatic brain injuries, which often happen due to accidents and acts of violence. These activities affect the brain's nerves and lead to trauma.
Other reasons for brain injury are due to strokes and interrupted blood supply to the brain because of blocked arteries or when a blood vessel bursts out. Overdose of drugs or alcohol can also result in brain injury. Even in people with diabetes, which leads to unstable blood sugar levels, such as hyperglycemia or hypoglycemia can affect the brain and lead to head trauma. In today's world, diseases and violent activities affecting the brain are vigorously increasing, driving the Market. After an attack, people with heart problems lack oxygen supply to the brain, and infections such as encephalitis and meningitis cause inflammation of the brain; in severe cases, it can result in brain trauma. The rise in these infections and health problems is propelling the Head Trauma Market Growth.
Exposure to toxins like carbon monoxide causes severe brain damage. The harsh environmental condition due to pollution and other factors leads to greenhouse effects. Toxic gases are released into the environment, affecting the brain's health. These factors are also driving the Market.
The chief growth factors boosting the market are the higher rate of head injuries, heavy investment by biotechnology and pharmaceutical industries in research and development activities, and demand for better treatment, accelerating Head Trauma Market Share. Other factors such as the reimbursement policies and growing application are fueling up the market.
Widespread development in the healthcare sector is propelling the market's demand. The developments of key players and their advanced strategies are helping the Market obtain good value.
During the pandemic period, the Head Trauma Market faced a challenging situation due to the lockdown. The manufacturing units and other industrial units were shut down for a longer period, which affected the market's growth. The market noticed huge revenue loss, which led to disruption of the supply chain. The services couldn't reach the end-users at the necessary time, which decreased the market's demand.
In the further days of the pandemic, the Head Trauma Market recovered its growth when its demand increased. The virus is highly infectious for patients with underlying head trauma conditions, leading to complete brain damage. The higher concern among the public has propelled the market's demand—the growth rate recovered within a limited period. In the post-pandemic period, the market's growth will remain consistent, and it will reach the evaluated value during the forecasted period.
Chief Factors Existing In The Market
The Head Trauma Market is noticing worldwide growth due to major growth drivers.The rise in demand for minimally invasive neuro procedures for minimal pain, limited cause of infection, and speedy recovery is boosting the market. Other major drivers are the rise in the number of head injuries and higher investment by the pharmaceutical industries and biotechnology organizations in the research and development activities are chiefly driving the market. The growing concern and awareness among the people for treating brain injuries at the earliest stage is another market driver.
The challenging factor is trying to restrict the market's growth. The pandemic was a challenging situation for the market, but it successfully overcame it. The lack of experts and lack of awareness among people for proper brain treatment are other challenging factors.
The growth opportunities are helping the Head Trauma Market emerge globally. The rise in car accidents and sports injuries creates ample opportunities for the market. Moreover, the initiatives and programs undertaken by the governments in various countries about brain injuries are fueling the market's demand. Joint ventures, mergers and acquisitions, strategic alliances, and new product developments among the key players are setting wide opportunities for the market.
The Market facing restraining factors that hamper the growth, such as the lack of availability of facilities and higher treatment costs, are major constraints limiting the Head Trauma Market Value.
Cumulative Evaluation Of The Market
The Market is expected to reach a good valuation due to the presence of growth drivers and opportunities. The challenges and constraints affect progress, but with the player's strategies, the market will successfully overcome them. The pandemic has shown a mixed impact on the market, but its demand remained stable. Hence, the market is estimated to reach a strong value during the forecast period.
The Head Trauma Market Size is segmented into type, diagnosis, treatment and end-user. These major segments are further sub-segmented into different sections. All these sections have a crucial role in the market.
The type segment of the Head Trauma Market has one major type- Hematoma. It is a severe condition where blood gets collected outside of a blood vessel. There are various hematomas such as subdural, spinal, subungual, ear, and hepatic.
The diagnosis segment of the market is categorized into physical examination, brain scans, and CT scans. These are the types of diagnosis through which the severity of the head trauma condition of the patient is known.
The treatment segment of the market is classified into medical treatment, anti-seizure drugs, and surgery. Above are the major treatment procedure to treat head trauma conditions.
The end-user segment of the market consists of hospitals and clinics, and research institutes. The Head Trauma Market is showing tremendous growth in these places due to its wide application.
According to the geographical report, the Head Trauma Market Analysis covers major regions such as the Americas, Europe, Asia Pacific, the Middle East and Africa.
The Americas is noticed as the dominating region of the market due to the availability of well-developed technology, rise in the number of patients suffering from brain disorders, higher health expenditure, and government's support for research and development is driving the regional market. Moreover, the increased rate of research and development activities is fueling the market of this region.
Europe stands in the second position of the market due to the government support in research and development projects, and the availability of funds is driving the regional market. Developed countries such as Germany and France are rising their investment in the healthcare sectors to develop hospital infrastructure.
The Asia Pacific is considered the fastest-growing region due to the presence of developing healthcare technology, changes in lifestyle leading to stressful life, and higher healthcare expenditure. These factors are propelling the market of the APAC region. The demand for quality devices and increased patients in India and South Korea is driving the usage of advanced equipment, which is lifting the regional market.
Other regions such as the Middle East and Africa are holding only the least share due to lack of funds availability, and limited medical facilities are restricting its growth.
Competitive Intensity Within The Industry
The major industrial players are helping the Head Trauma Market to propel at a higher space due to their efforts. The collaborations with the health sector and governments are helping the market to show a significant rate. The players' marketing strategies and other developmental ideas will help the Market reach a good valuation in the forecast period. Their presence in prominent regions and their developments and launches are letting the market score a strong compound annual growth rate. Below are the top players who are pushing higher the Head Trauma Market Trends.
Recent Market Developments
The detailed study of the Head Trauma Market shows its growth at the global level. The market noticed huge growth due to the presence of growth factors. The dynamics of the market are showing their effects. The segmentation reports show the major segments of the market. The regional growth of the market was mentioned along with its drivers. The key role of the players was observed based on their developmental activities. Despite the presence of challenges, the Head Trauma Market is estimated to reach the estimated CAGR during the forecast period.
Key Industrial Segments
|Market Size||USD 2880 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Types, Treatment, End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Fujifilm Holdings (Japan), GE Healthcare (U.S.), Siemens Healthcare(U.S.), Philips Healthcare (U.S.), Shimadzu Corporation (Japan), Toshiba Medical Systems Corporation (Japan), Carestream Health (U.S.), Nihon Kohden Corporation (Japan), Electrical Geodesics Inc. (U.S.), Masimo Corporation (U.S.), Hologic (U.S.), Esaote (Italy)|
|Key Market Opportunities||Joint ventures, strategic alliances, mergers and acquisitions and new product developments|
|Key Market Drivers||
The head trauma market CAGR would be 8.3% during the forecast period.
High cost of treatment and lack of facilities can impact the head trauma market.
The Americas would lead the head trauma market.
The Asia Pacific head trauma market would be the fastest-growing market.
Players involved in the head trauma market are GE Healthcare (U.S.), Shimadzu Corporation (Japan), Toshiba Medical Systems Corporation (Japan), Siemens Healthcare(U.S.), Philips Healthcare (U.S.), Fujifilm Holdings (Japan), Electrical Geodesics Inc. (U.S.), Masimo Corporation (U.S.), Hologic (U.S.), Esaote (Italy), Carestream Health (U.S.), Nihon Kohden Corporation (Japan), and others.
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