China Traumatic Brain Injuries Assessment And Management Devices Market Size & Outlook
China traumatic brain injuries assessment and management devices market, 2017-2030 (US$M)
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China traumatic brain injuries assessment and management devices market highlights
- The China traumatic brain injuries assessment and management devices market generated a revenue of USD 73.3 million in 2022 and is expected to reach USD 158.2 million by 2030.
- The China market is expected to grow at a CAGR of 10.1% 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 73.3 million |
| Market revenue in 2030 | USD 158.2 million |
| Growth rate | 10.1% (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, China accounted for 2.4% 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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China 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 55.39% in 2022. Horizon Databook has segmented the China 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.
Rising geriatric population, along with increasing incidence of TBIs, is driving the Chinese market. As per the CDC, people 65 years and older are at high risk of falling, which can cause mild or severe brain injury. As per a WHO report, fall-related injuries in elderly are a major health and social concern in China, with approximately 18% to 44% of the elderly persons reporting falls annually.
This is expected to present significant growth opportunity for the market over the forecast period. In the recent years, China has proven to be an attractive market for medical devices. In March 2019, the Chinese government reduced the Value Added Tax (VAT) for medical manufacturing companies from 13.3% to 13.0%. This is likely to benefit domestic manufacturers, to offset the slowdown caused due to U.S.-China trade war.
Several companies, local and international, are trying to capture this opportunity by launching new & affordable products in the market. Such strategic initiatives undertaken by the companies to expand their businesses to untapped markets are driving the market.
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Target buyers of China traumatic brain injuries assessment and management devices market databook
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China traumatic brain injuries assessment and management devices market, including forecasts for subscribers. This country databook contains high-level insights into China traumatic brain injuries assessment and management devices market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China Traumatic Brain Injuries Assessment And Management Devices Market Share, 2022 & 2030 (US$M)
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