At 12.3% CAGR, South & Central America Traumatic Brain Injury Diagnostics Equipment Market Projected to be Worth US$ 375.50 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America traumatic brain injury diagnostics equipment market was valued at US$ 148.10 million in 2022 and is expected to reach US$ 375.50 million by 2030, registering a CAGR of 12.3% from 2022 to 2030. Emergence of portable non-invasive monitoring devices to diagnose TBI patients and growing use of MRI over CT to limit inpatient mortality and marginally reduce diagnostic cost are among the critical factors attributed to drive the South & Central America traumatic brain injury diagnostics equipment market growth.

New noninvasive methods for monitoring tissue metabolism can help improve the diagnosis and monitoring of brain conditions such as concussions, stroke, and TBI, owing to which patients can recover more quickly. The consequences of TBI resulted in increasing healthcare burden costs, accounting for US$ 76.5 billion annually, as per the BrainScope company white paper. The installation of "BrainScope One" in less expensive care settings—e.g., emergency department and community settings (including urgent care centers)—may result in a significant reduction of healthcare costs by up to 32.2%, as per the findings revealed in the white paper. BrainScope One aids in eliminating unnecessary CT scans, thereby reducing healthcare costs for TBI..

On the contrary, adverse effects of contrast medium/agent hamper the growth of South & Central America traumatic brain injury diagnostics equipment market.

Based on techniques, the South & Central America traumatic brain injury diagnostics equipment market is segmented into non-invasive, invasive, and combination techniques. The invasive segment held 57.2% market share in 2022, amassing US$ 84.77 million. It is projected to garner US$ 208.61 million by 2030 to register 11.9% CAGR during 2022–2030. Furthermore, the non-invasive segment is sub categorized into electroencephalography (EEG), brain–computer interface (BCI), eye tracking and near-infrared spectroscopy (NIRS), magnetic resonance imaging (MRI), magnetoencephalography (MEG), transcranial magnetic stimulation (TMS), cerebral metabolic rate of oxygen (CMRO2), intracranial pressure, and others .Additionally, invasive segment is subsegmented into cerebral perfusion pressure (CPP) and pressure reactivity index (PRx), partial brain tissue oxygen pressure (PbtO2), cerebral microdialysis (CMD), intracranial pressure, and others.

In terms of device, the South & Central America traumatic brain injury diagnostics equipment market is bifurcated into imaging devices and monitoring devices. The imaging devices segment held 76.7% share of South & Central America traumatic brain injury diagnostics equipment market in 2022, amassing US$ 113.60 million. It is anticipated to garner US$ 280.49 million by 2030 to expand at 12.0% CAGR during 2022–2030.

By end user, the South & Central America traumatic brain injury diagnostics equipment market is divided into hospitals and clinics, diagnostic centers, and others. The hospitals and clinics segment held 49.9% share of South & Central America traumatic brain injury diagnostics equipment market in 2022, amassing US$ 73.84 million. It is projected to garner US$ 186.61 million by 2030 to expand at 12.3% CAGR from 2022 to 2030.

Based on country, the South & Central America traumatic brain injury diagnostics equipment market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 42.3% share of South & Central America traumatic brain injury diagnostics equipment market in 2022. It was assessed at US$ 62.70 million in 2022 and is likely to hit US$ 161.99 million by 2030, registering a CAGR of 12.6% during 2022–2030.

Key players operating in the South & Central America traumatic brain injury diagnostics equipment market are GE HealthCare Technologies Inc, Elekta AB, Integra LifeSciences Holdings Corp, Raumedic AG, Soterix Medical Inc, Medtronic Plc, and Compumedics Ltd, among others.

• In April 2022, NeuraSignal Inc announced the upgradation of its NovaSignal Platform. A new feature called Morphology has been added to the platform, providing advanced analysis of cerebral waveforms. The new feature enabled faster and easier assessment of patients with suspected neurological conditions such as stroke.

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