Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Concussion and mild traumatic brain injury is the most common clinical problem. Head trauma applies to the brain injury or its coverings, skull bones, soft tissue, and vascular structure of the head and neck. Traumatic brain injury is one of the leading causes of morbidity mortality worldwide. The crude incidence for all traumatic injuries is estimated at 300 per 100,000 inhabitants per year worldwide. Males are more likely to have traumatic brain injuries than females, with a peak incidence among the 15 to 24-year old population. A concussion is a subset of mild brain injury and requires appropriate management to avoid potential long terms problems. The sports is most commonly associated with several brain injury including in golf, horse riding, football, and mountain climbing. Sport-related deaths due to brain injury are rare, although these injuries have not been rigorously studied. In this situation, the most common differential diagnosis is posttraumatic migraine, which may exhibit similar early symptoms. Besides, 80% to 90% of concussions heal within 7 to 10 days depending on the diagnosis.
The key factor driving the growth of concussion market is high probability of concussions developing, in particular by professional athletes. As the number of factors leads to a higher risk of concussions related to sport. Since there are more male participants in sports, the absolute number of concussions is higher in men. However, the relationship between concussion risk and sex varies across sports. Another factor fueling the growth of the market is augmented development of products to treat concussions. It is providing an opportunity to market key players to implement productive strategies to do research and development programs relating to concussion diagnosis and treatment which is further fueling the growth of the market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the concussions market. In addition, complete analysis of changes on the concussions market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the concussions market was moderate due to lockdown the majority of population was indoor moreover, demand for diagnosis of concussion was decreases which has hamper the growth of market.
The concussions market is segmented based on by product, by end user and by geography.
The concussions market are available in different product types including diagnosis and treatment. Treatment segment is expected to dominate in the global concussions market due to growing research and development in different companies for developing advanced and innovative medications for concussions treatment and large number of clinical trials are ongoing all over the globe in order to better understand the etiology of the condition. Whereas diagnosis is further bifurcated to computed tomography (ct) scan, magnetic resonance imaging (mri) devices and x-ray. The precise results and high sensitivity of these devices have fuel the growth of this segment owing to increasing patient preference for non-invasive diagnosis and the highly preference among physicians for brain disease progression monitoring.
The concussions market had its end use in hospitals and clinics, diagnostic centers and payers. Hospitals leads by end user as the concussions are treated in an emergency department. Moreover, doctors’ advice patients to have CT scan of the brain or other tests to diagnose the injuries. Therefore Hospital have the major end user of concussions.
Geographically the global concussions market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is anticipated to lead in the global concussions market due to increasing awareness regarding concussions prevention, diagnosis and treatment as the number of road accidents and sports injuries is growing. Beside presence of key players producing technological advanced products is further fueling the growth of market in the region. On the other hand, Asia Pacific is expected to grow at highest pace due to improved healthcare infrastructure, increased concussion research and also have boosted disposable income. In addition, increasing traumatic brain injuries have also propelled the growth of the market in the region.
The key players in concussions market are Advanced Brain Monitoring, Inc., Raumedic AG, Nihon Kohden Corporation, Compumedics Limited, InfraScan Inc., NovaSignal Corporation, Oculogica, Integra LifeSciences, BioDirection, Inc. and Medtronic among others.
January 2021: Abbott has receives clearance for the first rapid handheld blood test for concussions. The test to help evaluate mild traumatic brain injury (TBI), commonly known as concussion, produces a result within 15 minutes after a plasma sample is inserted and will run on Abbott's i-STAT Alinity handheld device.
June 2017: SyncThink had launched next generation product to track concussion symptoms with VR. SyncThink uses infrared cameras to track a patient’s eye movements to assess the extent of the damage immediately after an injury, or to track recovery practice with an objective measure. The company has been working on eye tracking or concussions for about 10 years but only recently began to incorporate VR. It has a partnership with the US Army, as well as customer relationships with a number of sports organizations.
The report analyses the global concussions market based on by product, by end user and by geography. The concussions market are available in different product types including diagnosis and treatment. The concussions market had its end use in hospitals and clinics, diagnostic centers and payers. Geographically the global concussions market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW)
The key players in concussions market are Advanced Brain Monitoring, Inc., Raumedic AG, Nihon Kohden Corporation, Compumedics Limited, InfraScan Inc., NovaSignal Corporation, Oculogica, Integra LifeSciences, BioDirection, Inc. and Medtronic among others.
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