Mild Traumatic Brain Injury Market would witness Considerable Growth due to Rising Incidence of Accidental Brain Injuries
Meridian Market Consultants (MMC) has published a new report titled, “Mild Traumatic Brain Injury treatment Market: Opportunity Analysis and Future Assessment 2019 to 2027”
Global Mild Traumatic Brain Injury treatment Market, by Treatment Type (Pain relievers, Diuretics, Anti-seizure drugs, Coma-inducing drugs), By End Users (Hospitals, Clinics, ASCs), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a healthy CAGR for the period between 2019 and 2027.
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As per the report, increasing incidence of brain injuries due to accidents and prevalence of neurodegenerative diseases are attributed to growth in mild traumatic brain injury treatment market. As per Department of Neurology, University of California San Francisco, each year 42 million people across the globe suffer from mild traumatic brain injury (MTBI). As per CDC, incidence of post traumatic brain injury exceeds 600 per 100,000 people across the globe. Some of the established risk factors for mild traumatic brain injury are Alzheimer's disease, Parkinson's disease, chronic traumatic encephalopathy, and amyotrophic lateral sclerosis (ALS). According to Alzheimer’s Association, Alzheimer’s disease is a 6th leading cause of death in the U.S> and approximately 5.8 million Americans are suffering from Alzheimer’s disease. In 2019, Alzheimer’s and other dementia are estimated to cost the Nation around US$ 290 billion. Mild traumatic brain injury is acute brain injury resulting from mechanical energy to the head from external physical forces. MTBI is extremely common. It is estimated that 100 to 300 per 100,000 people seek medical attention for MTBI annually worldwide. Improving treatment seeking rate would thus push the market growth for mild traumatic brain injury treatment.
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Furthermore, Meridian Market Consultants (MMC) Study identifies that, specific populations such as contact sport athletes, victims of domestic violence, military personnel etc. are at the high risk for suffering mild traumatic brain injuries. Treatment for mild traumatic brain injury generally includes symptomatic treatment such as for headaches. Pain relievers such as NSAIDs are prescribed to alleviate pain. Diuretics such as hydrochlorothiazide, torsemide etc. are given to mild traumatic brain injury patients to reduce amount of body fluids which reduces pressure inside brain. People with moderate to severe traumatic brain injury are at the risk of seizures. An anti-seizure drug may be given during the first week to avoid any additional brain damage that might be caused by a seizure. Sometimes coma inducing drugs such as benzodiazepines are given to the patients of mild traumatic brain injury to relieve pressure on brain. A comatose brain needs less oxygen to function and this is helpful blood vessels are unable to supply brain cells with nutrients and oxygen.
MMC Study identifies some of the key participating players in mild traumatic brain injury treatment market globally are Sanis Health Inc., Zydus Pharmaceuticals Usa, Inc., Aurobindo Pharma, Cardinal Health, Pfizer Inc., Apotex Corporation, Mylan Institutional Inc., Hoffman La Roche, Valeant Pharmaceuticals, Sandoz (Novartis) etc, among others.
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