In 2022, the global stroke management market was estimated to be worth USD 36.3 billion. Over the course of the forecast period, a compound annual growth rate (CAGR) of 7.1% is anticipated. The industry is expanding rapidly due to the aging population, technological breakthroughs, and improved treatment. Numerous research institutes and technological developments are major factors propelling the market's expansion. Strokes are more common among the elderly population around the world. Changes in lifestyle are increasing the risk of strokes.
The market for stroke management has been somewhat influenced by the worldwide economic downturn. People are becoming more aware of the therapies available for these severe illnesses as a result of the increase in government activities. The market is expanding as a result of the growing number of patients who suffer from stress and anxiety, who are also more vulnerable to stroke.
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Growth Drivers
Telemedicine and telestroke services are examples of technological advancements in stroke care. These facilitate faster diagnosis and remote consultations with world-class physicians, particularly for patients residing in rural areas. Better treatment strategies are made possible by faster and more accurate diagnosis made possible by advancements in CT-Scan, MRI, and angiography. Less invasive methods of treatment include embolization and endovascular thrombectomy.
Older persons are more likely to have strokes due to a number of factors, including heart disease, diabetes, and hypertension, as well as weaker blood arteries. The factors that contribute to stroke are smoking, excessive alcohol consumption, high blood pressure, high cholesterol, and obesity. Because of the big population and limited options, life is even more difficult in densely populated nations like India, which leads to a high number of stressed patients who are more likely to have a stroke.
Segmentation
Type
· Diagnostics
· Therapeutics
· Software
· Brain Aneurysm
· Hemorrhagic strokes
· Ischemic Strokes
· Transient Ischemic Attack
End-Users
· Hospitals
· Specialty Clinics
· ASCs Clinics
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Boston Scientific Corporation
· Abbott Laboratories
· Bristol Myers Squibb Company
· Cardinal Health
· General Electric Company
· Medtronics
· Siemens AG
· Aidoc
· Brainomix
· Vassol Inc
· Other Players
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