Report Ocean conducted research on the global Stroke Management market, some important discoveries were made. First, the market is expanding steadily, and over the coming years, demand is expected to rise. Second, there is a lot of market competition, yet only a few major businesses control the sector. Last but not least, there are numerous chances for market innovation and improvement, notably in terms of product offerings and marketing tactics.
The global stroke management market size was US$ 34206.67 million in 2021. The global stroke management market size is forecast to reach US$ 67871.95 million by 2030, growing at a compound annual growth rate (CAGR) of 7.9% during the forecast period from 2022 to 2030.
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Strokes occur when a blood vessel ruptures in the brain and bleeds or when the blood supply to the brain ceases. Blood and oxygen are unable to reach the brain’s tissues due to the rupture or blockage. There are three types of strokes, including transient ischemic attack, ischemic stroke, and hemorrhagic stroke. A stroke diagnosis may include a blood test, computerized tomography scan, magnetic resonance imaging, ultrasound, cerebral angiogram, and echocardiogram. Among the treatment options for stroke are aspirin, antiplatelet drugs, and anticoagulants.
Factors Influencing Market Growth
A rise in healthcare awareness, a rise in diabetes incidence, a surge in tobacco use, and an aging population are driving the growth of the stroke management market.
The rising technological advancements in the diagnosis and treatment of stroke contribute to the global stroke management market growth.
The lack of reimbursement policies and the cost of diagnosis and treatment may slow down the global market’s growth.
The ongoing R&D activities in the stroke management field are forecast to offer lucrative opportunities for global market growth.
Impact Analysis of COVID-19
The number of stroke patients admitted to hospitals decreased during the initial COVID-19 outbreak. It was due to the fear of infection during a period of distancing and lockdown. In addition, a reduction in acute stroke admission to hospitals in various regions suggests that patients with moderate and severe strokes are also avoiding hospitalization. Demand for diagnostic devices for strokes and monitoring devices decreased. During the global lockdown, manufacturers ceased production. Market players experienced a financial crisis. Consequently, there was a disruption in the import and export of devices between several geographical regions. Overall, COVID-19 had a negative impact on the stroke management market.
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Regional Insights
North America held the largest share of the global stroke management market share in 2021 and is forecast to continue dominating the market during the forecast period. As a result, chronic diseases such as diabetes, the surge in demand for stroke management devices, the availability of advanced healthcare facilities and trained medical professionals, the increase in R&D activities due to the presence of key players, and the surge in government spending on healthcare are contributing to the epidemic.
The Asia Pacific is forecast to grow at the fastest rate during the forecast period. The improvement of healthcare infrastructure, the growth in the number of hospitals equipped with advanced instruments, the rise of healthcare reforms, and technological advances in stroke management have contributed to the market growth.
Leading Competitors
The leading prominent companies profiled in the global stroke management market are:
Abbott Laboratories
B Braun Melsungen AG
Boston Scientific Corporation
Bristol-Myers Squibb Company
Cardinal Health Incorporated
General Electric Company
GlaxoSmithKline Plc
Medtronic Plc
Merck & Co., Incorporated
Siemens AG
Other Prominent Players
Scope of the Report
The global stroke management market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
Diagnostics
Computed Tomography Scan (CT scan)
Magnetic Resonance Imaging (MRI)
Carotid Ultrasound
Cerebral Angiography
Electrocardiography
Echocardiography
Others
Therapeutics
Tissue Plasminogen Activator
Anticoagulant
Antiplatelet
Antihypertensive
Segmentation based on Application
Ischemic Stroke
Hemorrhagic Stroke
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
?The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
?The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
?Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
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