The Intracranial Pressure (ICP) Monitoring Segment to Dominate Europe Traumatic Brain Injury Diagnostic Equipment Market during 2021-2028
According to The Insight Partners market research study on “Europe Traumatic brain injury diagnostic equipment Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Device, Technique, End User and Country,” is expected to reach US$ 1,620.76 million by 2028 from US$ 950.78 million in 2021. The market is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The report provides trends prevailing in the Europe traumatic brain injury diagnostic equipment market along with the drivers and restraints pertaining to the market growth. Surge in Traumatic Brain Injuries (TBIs) and incrementing awareness regarding brain injuries are major factors driving the growth of the Europe traumatic brain injury diagnostic equipment market. However, high cost associated of TBI diagnostic equipment may hinder the growth of Europe traumatic brain injury diagnostic equipment market.
The European economy is severely affected due to the exponential growth of COVID-19 cases in the region. The COVID-19 emergency has undoubtedly aided in encouraging the general population to try out and expand their usage of digital services, particularly to avoid visits to a health center in person. However, there are still several constraints that hinder these services from becoming widely adopted. A retrospective study of 2293 electronic referrals to a level 1 trauma center in Northern England demonstrated a 49.6% decrease in TBI referrals [P < 0.001] during the UK's first national lockdown compared to previous months. A 22% decrease in RTA-associated fatalities was seen in the UK from January to June 2020 in comparison with compared to the same period in 2019. However, traffic levels decreased by 30%, resulting in a 14% increase in RTA fatalities per 1 billion miles. Thus, the pandemic has a negative impact on the traumatic brain injury diagnostic equipment market in Europe.
The market for Europe traumatic brain injury diagnostic equipment is segmented into device, technique, end user and country. Based on device, the market is segmented into imaging devices, and monitoring devices. In 2021, the imaging devices segment held the largest share in Europe traumatic brain injury diagnostic equipment market. Based on technique, the Europe traumatic brain injury diagnostic equipment market is divided into intracranial pressure (ICP) monitoring, and partial pressure of oxygen in brain tissue (pBrO2). The partial pressure of oxygen in brain tissue (pBrO2) segment is expected to be the fastest growing segment over the forecast period. Based on end user, the market is segmented into hospitals, diagnostic centers, and others. In 2021, the hospitals segment held the largest share in Europe traumatic brain injury diagnostic equipment market. Based on country, the Europe traumatic brain injury diagnostic equipment market is segmented into Germany, France, UK, Italy, Spain and rest of Europe. In 2021, Germany held the largest share in Europe traumatic brain injury diagnostic equipment market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe traumatic brain injury diagnostic equipment market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for traumatic brain injury diagnostic equipment.
Compumedics Limited, Elekta AB, Integra LifeSciences, Natus Medical Incorporated, Nihon Kohden Corporation, Raumedic AG, Novasignal Corporation, Medtronic and InfraScan, Inc. are some of the leading companies in the Europe traumatic brain injury diagnostic equipment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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