Concussions Market to Make a Leap and Reach a Valuation of $1,060.36 Mn by 2023
Concussions Market: Information by Treatment (Diagnosis and Treatment) by End User (Hospitals and Clinics, Diagnostic Centers and Payers) & Region – Global Forecast till 2027
The Global Concussions Market has significant market percolation to ensure growth with a CAGR of 3.22% that would assist the market in reaching a valuation of USD 1,060.36 Million by 2023. A mild traumatic brain injury can be termed as a concussion that can interrupt the normal workflow of the body on a temporary scale. A blow on the head can trigger this concussion. It occurs if the person suffers a fall, during sports, or during crashes. The sector is also showing better product development, increasing population in the elderly segment, and others that can ensure better growth for the market during 2018 and 2023, which as per the report of Market Research Future (MRFR), can be considered the forecast period. The global market, however, may face a slump due to the lack of skilled people and growing number of regulations in the field to provide maximum market safety to patients. Various countries are showing high integration of these regulations.
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The global concussions market report can be discussed on the basis of an extensive segmentation that includes treatment and end users. This segmentation has better access to various market factors that can impress the global market in terms of revenue generations. Volume and value in data are also going to influence the study of the global market for concussions.
By treatment, the market for concussions can be segmented into diagnosis and treatment. The diagnosis segment had a market share of USD 818.09 Million in 2017.
By end users, the concussion market report includes diagnostic centers, hospitals & clinics, and payers. The hospitals & clinics segment has the maximum market potential, in terms of treating patients.
The global concussions market is expecting robust growth in the Americas as the regional awareness regarding various changes in the treatment procedure and better inclusion of the healthcare service are expected to play in favor of the market. Various government organizations are also trying to create awareness regarding the treatments of the concussions. Several private firms are also providing significant traction to the regional market.
Europe’s growth is expected to follow the same trail like that of the Americas where features are expected to push the regional market growth forward. Europe is showing significant potential with countries like the UK, France, Germany, Spain, and others contributing much to the regional market growth. The Asia Pacific market is showing high growth potential due to the increasing participation from various countries like India, China, Japan, Australia, and others. These countries are also known for their massive population who is providing significant growth thrust to the regional concussions market. Japan had a market share of around 19.3% of the regional market in 2017. The regional market would be the fastest one among all.
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The market for concussions is getting packed by a lot of service providers who are trying their best to gain the maximum out of the market. At the same time, they intend to provide the best service in the market to solidify their own market position and trigger better growth for the market on a holistic scale. These companies are Integra LifeSciences Corporation, Teva Pharmaceutical Industries Ltd, Sun Pharmaceutical Industries Ltd, Medtronic PLC, Pfizer, Inc., Lupin, Zydus Cadila, Novartis AG, Mylan NV, Sanofi SA, and others. MRFR took notice of its recent moves to measure how much the market is going to progress in the coming years.
In 2019, the US Guidelines for concussion in children are showing significant updates. The guideline is providing a bit relaxation regarding the idea of concussion. For instance, it has better market understanding of the treatment procedure. This suggests light activities after the concussion helps in better recovery. This also ensures that kids can get back to the school at the earliest.
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