India Traumatic Brain Injuries Assessment And Management Devices Market Size & Outlook
India traumatic brain injuries assessment and management devices market, 2017-2030 (US$M)
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India traumatic brain injuries assessment and management devices market highlights
- The India traumatic brain injuries assessment and management devices market generated a revenue of USD 57.9 million in 2022 and is expected to reach USD 120.5 million by 2030.
- The India market is expected to grow at a CAGR of 9.6% from 2023 to 2030.
- In terms of segment, imaging devices was the largest revenue generating device in 2022.
- Monitoring Devices is the most lucrative device segment registering the fastest growth during the forecast period.
Traumatic brain injuries assessment and management devices market data book summary
| Market revenue in 2022 | USD 57.9 million |
| Market revenue in 2030 | USD 120.5 million |
| Growth rate | 9.6% (CAGR from 2022 to 2030) |
| Largest segment | Imaging devices |
| Fastest growing segment | Monitoring Devices |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Imaging Devices, Monitoring Devices |
| Key market players worldwide | Integra LifeSciences, Nihon Kohden Corp, Compumedics-alpha trace, InfraScan, Raumedic AG, Oculogica |
Other key industry trends
- In terms of revenue, India accounted for 1.9% of the global traumatic brain injuries assessment and management devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China traumatic brain injuries assessment and management devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 158.2 million by 2030.
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Traumatic Brain Injuries Assessment And Management Devices Market Scope
Traumatic Brain Injuries Assessment And Management Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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India traumatic brain injuries assessment and management devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to traumatic brain injuries assessment and management devices market will help companies and investors design strategic landscapes.
Imaging devices was the largest segment with a revenue share of 55.96% in 2022. Horizon Databook has segmented the India traumatic brain injuries assessment and management devices market based on imaging devices, monitoring devices covering the revenue growth of each sub-segment from 2017 to 2030.
Growth of the TBIs assessment and management devices market in India can be attributed to supportive government initiatives and rise in incidence of TBIs, majorly due to road accidents (60%) followed by falls (20%-25%), and violence (10%). According to a WHO Global Report on Road Safety 2018, around 11% of the road accident-associated deaths in the world are reported from India.
Approximately, 4, 67,044 road accidents were reported in the year 2018. This is anticipated to impel market growth over the forecast period. Moreover, the Indian government has introduced favorable policies, such as National Health Policy (NHP), to help improve healthcare outcomes. In order to reduce dependence on import, the government has drafted the National Medical Device Policy to support the “Make in India” initiative. Moreover, a 12.0% Goods and Services Tax (GST) was introduced all over India, with effect from July 2017.
This new GST rate is focused on reducing manufacturing costs, thereby benefitting Indian consumers and local medical equipment manufacturers. Such initiatives are anticipated to boost market demand over the forecast period.
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Our clientele includes a mix of traumatic brain injuries assessment and management devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the India traumatic brain injuries assessment and management devices market, including forecasts for subscribers. This country databook contains high-level insights into India traumatic brain injuries assessment and management devices market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India traumatic brain injuries tbi assessment management devices market size, by device, 2017-2030 (US$M)
India Traumatic Brain Injuries Assessment And Management Devices Market Share, 2022 & 2030 (US$M)
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