Report : South America Traumatic Brain Injury Diagnostic Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device (Imaging Devices, and Monitoring Devices), Technique [Intracranial Pressure (ICP) Monitoring, and Partial Pressure of Oxygen in Brain Tissue (pBrO2)], and End User (Hospitals, Diagnostic Centers, and Others)
The Imaging Devices Segment to Dominate South America Traumatic Brain Injury Diagnostic Equipment Market during 2021-2028
According to a new market research study on “South America 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$ 331.90 million by 2028 from US$ 212.07 million in 2021. The market is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The report provides trends prevailing in the South America traumatic brain injury diagnostic equipment market along with the drivers and restraints pertaining to the market growth. Incrementing count of traumatic brain injuries (TBIs) and people getting more conscious pertaining to brain injuries are major factors driving the growth of the South America traumatic brain injury diagnostic equipment market. However, cost associated with TBI diagnostic equipment may hinder the growth of South America traumatic brain injury diagnostic equipment market.
COVID-19 cases are rising in South and Central American countries, such as Brazil, Peru, Chile, Ecuador, and Venezuela, which negatively impacts the market. According to the International Council of Nurses, due to high virus transmission, the number of mortalities among health professionals is higher in Brazil than in other nations. As Brazil has many populated areas and regions with small houses with 6-7 people per house, the virus spreads rapidly. The south and central American countries are currently speedily increasing their clinical programs to fight against the COVID-19 crisis. The COVID-19 has negatively impacted the market due to disruptions in the supply chain of medical devices and increased emphasis of medical devices companies on the manufacturing of PPE kits, gloves, masks, and other infection protection equipment.
The market for South America 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 South America traumatic brain injury diagnostic equipment market. Based on technique, the South America 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 South America traumatic brain injury diagnostic equipment market. Based on country, the South America traumatic brain injury diagnostic equipment market is segmented into Brazil, Argentina and rest of South America. In 2021, Brazil held the largest share in South America traumatic brain injury diagnostic equipment market. Furthermore, in this present scenario of COVID 19 pandemic, the South America traumatic brain injury diagnostic equipment market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South America 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, Natus Medical Incorporated, Nihon Kohden Corporation, Raumedic AG, and Medtronic are some of the leading companies in the South America 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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