Traumatic Brain Injuries (TBI) Treatment Market Highlights
Market Research Future (MRFR) analyzed the global traumatic brain injuries (TBI) treatment market 2020 along the study period between 2018 to 2023. By 2023, the traumatic brain injures treatment market can thrive at 5.1% CAGR. On the conclusion of the study period, the market of traumatic brain injury and treatment market can earn enormous turnover. The blast mediated traumatic brain injury-induced mental health conditions are observed to surge. The mhealth intervention to resolve these growing issues can support the market expansion in the near future.
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The elder population holds the largest share of worldwide market as increase in incidence of road accidents and hike in rate of hospitalization in this populace are observed. The rise in cases of road traffic injury and launch of government initiatives to fund TBI treatment can boost the market expansion in the assessment period. However, expensiveness of these treatment and devices can hinder the global traumatic brain injuries treatment market. Reputed market players are identified to engage in new drug launches and their strategic collaborations can also favor the market expansion. Recent approvals from the US FDA for the latest blood tests to diagnose TBI can improve the market impetus. Issues with the market rise are detailed with suitable resolutions in the report.
Traumatic Brain Injuries (TBI) Treatment Market Segment Study
The segment assessment for the global traumatic brain injuries treatment market based on end-users and treatment types.
The treatment types-based segments of the global traumatic brain injuries treatment market are medications, surgery, and immediate emergency care. The sub-segments of the medication global traumatic brain injuries treatment market are coma-inducing drugs, diuretics, anti-seizure drugs, anti-depressants, anti-anxiety agent, anti-convulsant, anti-psychotics, analgesic, and anti-coagulants. The coma-inducing drugs segment can win decent revenue by 2023.
The surgery-based segments of the TBI market are repairing skull fractures, removing clotted blood (hematomas), opening a window in the skull, bleeding in the brain, and rehabilitation. The rehabilitation segment can earn decent profit.
The end-users-based segments of the TBI market are rehabilitative center treatment, hospitals, neurologist, and independent pharmacies among others. The increase in number of rehabilitative centers for TBI treatment can promote the market expansion. The rise in and independent pharmacies and rapid expansion of pharmacy business can support the market upsurge.
Traumatic Brain Injuries (TBI) Treatment Market Regional Analysis
In the Americas, the traumatic brain injuries treatment market can expand owing to rise in road mishaps resulting in increasing hospitalization. The growing geriatric populace and elders with TBI is anticipated to favor the market in the near future. North America traumatic brain injury treatment market can rise as escalation in investment by government for R&D activities on diagnosis management is observed. Europe traumatic brain injuries treatment market can hold the second-largest share of the worldwide market as the healthcare sector is observed to be equipped with modern technologies. In Asia Pacific, the increase in number of neurological centers and rehabilitative centers can favor the regional market. In the Middle East & Africa, the TBI market can observe steady growth pace due to hike in healthcare expenditure. However, developing healthcare infrastructure can support market.
Traumatic Brain Injuries (TBI) Treatment Market Key Players
Neural Analytics Inc, Neuren Pharmaceuticals Ltd., Ischemic, Grace Laboratories LLC. Vasopharm GmbH, Oxygen Biotherapeutics Inc, Cognosci, Banayan Biomarkers Inc, Stemedica Cell Technologies Inc, Medicortex, Aldagen, TEVA Pharmaceutical Industries Ltd., Amarantus BioScience Holdings, BioDirection, Inc., NeuroScience Pharmaceuticals, BrainScope Company, Inc, QuesGen Systems, Inc., Targacept, Oculogica, BrainScope Company, Inc., Silver Creek Pharmaceuticals Inc, and Zimmer Biomet are some reputed enterprise studied by MRFR for global traumatic injuries treatment market research.
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