The concession market may witness exponential growth during the forecast period of 2021-2031 owing to the rising incidences of sports injuries, road accidents, and the growing geriatric population across the globe. The technological advancements in the healthcare sector and the expanding scope for innovative products in the light of extensive research on medications for effective treatment procedures may create multiple growth avenues for the concussion market.
Based on the treatment procedures the concussion market can be segmented into diagnosis and treatment segments. The diagnosis segment includes Computed Tomography (CT) scans, Magnetic Resonance Imaging Devices (MRI), X-rays, and others. The diagnostic segment is expected to gain immense traction owing to the preference for brain disease progression among physicians.
The team at TMR provides significant information about the growth trajectory of the concession market. The report offers ideal information to the market players about the current market scenario in an analytical method. The parameters on which the analysis is based are the growth prospects, competitive insights, key developments, and possible threats which help the stakeholders to make proper decisions. The report also includes the impact of the ongoing COVID-19 outbreak effect on the concession market. The repercussion of the outbreak has been included in this report in detail.
The concession market comprises numerous players who are involved in intense competition for acquiring a major share of the revenues. The players in the concussion market are focusing on exhaustive research and development activities and are developing new formulations as they help to further insights. The players are also keen on strategic collaborations to maintain their dominance in the concession market.
Some well-entrenched players in the concussion market are BioDirection.Inc. Compumedics Ltd, Nihon Kohden Corporation, InfraScan, Inc., Oculogica, and Raumedia AG.
A concussion is caused due to gunshot wounds, domestic violence, sports injuries, and road accidents. It is a minor brain injury that can show serious effects. The ever-increasing senior population and the rising prevalence of diseases related to the brain may serve as growth boosters for the concession market. The increasing incidences of concussions due to sports injuries, accidence violence, and others will bring immense growth opportunities for the concession market. The increase in the prevalence of brain injuries is likely to open new avenues for the growth of the concession market. The next-gen products have played a vital role in improving the diagnostic and treatment methodology which has shown excellent results. Such technological advances may augur the growth of the concussion market in the near future.
The introduction of training programs for medical professionals in healthcare centers to provide proper treatment to the patients may serve as a growth propeller for the concussion market. The focus on developing full-fledged and well-equipped healthcare infrastructure coupled with government funding and initiatives has increased substantially over the years. The government bodies of numerous countries are taking a slew of measures for improving healthcare facilities and providing favorable reimbursement policies. Developing countries like India and China are striving for improving healthcare facilities. Such developments boost the growth of the concussion market to a great extent.
The concession market can be classified into North America, Latin America, Europe, Asia Pacific, the Middle East and Africa on basis of regions. The concussion market in North America is anticipated to remain dominant owing to the large geriatric population and the escalating incidence of accidental injuries has augmented the growth of the market. Asia Pacific is anticipated to witness rapid growth owing to an increase in expenditure on healthcare development which may be a game-changer for the concession market.