Concussion Market Research Report and Outlook by 2028

The concussion market is projected to expand from US$ 7,211.89 million in 2021 to US$ 9,272.03 million by 2028, reflecting a compound annual growth rate (CAGR) of 3.7% during the period from 2021 to 2028.

According to the Centers for Disease Control and Prevention (CDC), a concussion is classified as a type of traumatic brain injury (TBI) that occurs due to a bump, blow, or jolt to the head, or from a hit to the body that causes the head and brain to move rapidly back and forth. The American Association of Neurological Surgeons indicates that the symptoms of concussions can manifest in various ways, impacting vision, balance, and even emotional states.

The World Health Organization (WHO) reports that around 1.3 million individuals lose their lives each year due to head injuries resulting from road traffic accidents, which are particularly common in low- and middle-income countries (LMICs). Currently, North America and Europe report the highest incidence of concussion cases. The Journal of Neurosurgery estimates that nearly 64-74 million people may experience concussions annually, with the most significant occurrences noted in the Southeast Asian and Western Pacific regions. Furthermore, the Brain Injury Research Institute highlights that approximately 1.6-3.8 million athletes suffer from concussions each year. A study conducted by the American Academy of Pediatrics reveals that sports-related concussions are most prevalent among high school athletes, with increasing rates among younger participants. For example, it is estimated that 10% of all athletes involved in contact sports will sustain concussions each year. Additionally, athletes who have previously experienced concussions are four to six times more likely to suffer a subsequent concussion. The CDC also reported that in 2016, around 273,272 children aged 17 and younger were treated in emergency departments (EDs) in the United States for nonfatal TBIs related to sports and recreational activities.

Moreover, the CDC indicates that approximately 800,000 children receive treatment for concussion-related issues at EDs in the U.S. In 2018, there were nearly 223,050 hospitalizations due to TBIs or concussions, and in 2019, 60,611 deaths were recorded. This translates to over 610 TBI-related hospitalizations and 166 TBI or concussion-related deaths each day. The demographic most affected includes individuals aged 75 years and older, who account for 32% of TBI or concussion hospitalizations and 28% of related deaths.

The American Psychological Association (APA) has endorsed specific protocols for computer-based testing and interpretation, which show promising benefits in clinical settings. The primary advantage of utilizing computer-based testing for concussions is the increased accessibility for clinicians, compatibility with traditional testing methods, and cost-effectiveness. Advanced software solutions such as CogSport, Concussion Resolution Index (CRI), and Immediate Post-Concussion Assessment and Cognitive Testing (ImPact) provide comprehensive and valid tools for evaluating cognitive symptoms associated with sports-related concussions.

A report from Frontiers S.A. indicates that concussions represent a form of mild traumatic brain injury that affects thousands of children and adolescents in Canada each year. Access to timely primary and specialized care following such injuries remains a significant challenge, particularly in rural and remote areas. To address these issues, telemedicine has emerged as a vital resource for improving healthcare access for patients in underserved regions. Establishing new telemedicine sites within existing networks can be beneficial, although it may require substantial initial investments in equipment, credentialing, and ongoing technical support.

The concussion market is categorized based on type into treatment and diagnosis segments. The diagnosis segment is further divided into magnetic resonance imaging, computed tomography scans, x-rays, and other methods. In 2021, the diagnosis segment held the largest market share and is expected to exhibit the highest CAGR during the forecast period.

In terms of end users, the concussion market is segmented into hospitals and clinics, diagnostic centers, and other facilities. The hospitals and clinics segment dominated the market in 2021 and is projected to achieve the highest CAGR throughout the forecast period.

Overall, the global concussion market is anticipated to grow at a CAGR of 3.7% from 2021 to 2028. Key factors propelling market growth include the rising incidence of road accidents and sports injuries, along with advancements in technology. However, challenges such as a lack of awareness regarding concussion treatment may hinder market expansion during the forecast period.

Primary and secondary sources, including the Centers for Disease Control Sports Injuries Information, CDC Heads Up Concussion Education, and the European Commission, have been referenced in the preparation of this report on the concussion market.