The global stroke management market is anticipated to reach market size of around US$ 50,000 Mn by 2027 and is projected to grow at a CAGR of around 6% in terms of revenue during the forecast period 2020 – 2027.
Blood circulation to the brain or whenever a blood vessel is explosive and bleeding, a stroke takes place. Blockage or breakage prohibits blood and oxygen from supplying the membranes of the brain. Blood scarcity and oxygen cause brain cells to die. An ischemic stroke is also a shock caused by blood supply interruption to the brain. The stroke caused by blood vessel bursting is considered a hemorrhagic stroke. According to CDC (Centers for Disease Control and Prevention), a third type is caused by sudden coagulation, called a transient ischemic attack (TIA). Stroke is the fifth largest cause of death in the US. Around 795,000 people had a stroke in the U.S. each year.
The proliferation in unhealthy lifestyles, alcohol and smoking abuse has lead to a cumulative spike in the prevalence in stroke. Around 40% of the U.S. geriatric community (aged 55 and older) suffers from a stroke, according to the Americas Medical Association. About 17 million deaths caused by stroke are estimated annually by the health organization. In the U.S., about 0.7 million people are affected by strokes per year, the Centers for Disease Control and Prevention said. The increase in stroke fuel prevalence contributes to overall demand growth. By splitting the market into the product category, function and region, the stroke treatment market is projected. Furthermore, diagnosis and therapy products are listed as products. In the growth of this industry, rising knowledge among individuals and medical professionals plays a significant role. The recognition has grown and compensated of the highest market share in 2019 for the rise in the incidence of stroke diagnosis. The diagnostic section will also attain CAGR the quickest during the projected timeframe with growing technical improvement and with patients seeking a preventive diagnosis. The provision of effective care recommendations guarantees proper treatment that inhibits the overall demand for stroke control. The American Heart Association has worked on recommendations that will assist doctors in the proper management of heard loss with the Heart Rhythm Society, the American Academy of Family Physicians, and the International Society for Heart & Lung Transplant. These recommendations provide the cornerstone for proper clinical treatment. The development of this demand could, however, conflict with high treatment rates and tight public policy to accept new advanced diagnostic technology.
The hemorrhagic section would be due to the increase in the hemorrhagic stroke about 6% in the forecast period around the globe. Growing demand for minimally invasive treatments for treating ischemic stroke, such as stereotactic radiology, would also result in demand for stroke control systems. The bleeding cavity of two forms is hemorrhagic haemorrhage, intracerebral and subarachnoid. The most frequent hemorrhagic stroke is intracerebral haemorrhage. Around 10-15% of the overall intracerebral blood disease is intracerebral, increasing substantial need for surgical hemorrhagic stroke treatment.
During the forecast period, North America will be the leading region. The US was the best in the area for its new health care system as well as the availability of qualified doctors and a high per capita healthcare budget. The second big market is projected in Europe. The primary reasons for this include a desirable payment environment, an improvement in geriatrics and increased spending by key actors. Due to large patient numbers, heavy use of tobacco, increased incidence of chronic diseases and significant changes in healthcare services, Asia Pacific will expand steadily over projected time frames. During the appraisal phase, the Latin America region would expand dramatically. In the anticipated timeframe, the field of the Middle East & Africa is expected to advance dramatically.
Some of the industry players include B. Braun Melsungen, Abbott Laboratories, GE Healthcare, Asahi Intecc CO., Boston Scientific, Siemens, Medtronic, Koninklijke Philips N.V., Johnson & Johnson, and others. These market players undertake numerous organic and inorganic development initiatives to reach higher business sales. In order to provide a wider analysis of the major players in the stroke control industry, the study offers market share assessments for firms. The study also contains main industry competitive changes, such as acquisitions & mergers, new product launch, alliances, partnerships, collaborations and joint ventures, research and growth, geographic expansion of existing global and regional players active in the stroke management market.
The global stroke management market is segmented as below:
Stroke Management Market By Type
Transient ischemic attack (TIA)
Stroke Management Market By Diagnostics
Magnetic resonance imaging (MRI)
Computed tomography scan (CT scan)
Stroke Management Market By Therapeutic Devices
Stroke Management Market By End-use
Ambulatory surgical centers
Stroke Management Market By Geography
Middle East & Africa
The market for stroke management is expected to reach a market value of around US$ 50,000 Mn by 2027.
The stroke management market is expected to grow at a CAGR of around 6% from 2020 to 2027.
The diagnostic centers are the leading segment by product type in the stroke management market.
Increasing prevalence of cardiovascular diseases worldwide is expected to drive the growth of the market
Abbott Laboratories, B. Braun Melsungen, Johnson & Johnson, GE Healthcare, Asahi Intecc CO., Boston Scientific, Siemens, Medtronic, Koninklijke Philips N.V., and others are the prominent players in the market.
North America held the highest market share in the stroke management market.
Asia Pacific is expected to be the fastest growing market over the forecast period.