27-Mar-2020 | Facts and Factors
Findings from Facts and Factors has authored “Stroke Management Market By Type (Therapeutics and Diagnostics) and Application (Hemorrhagic Stroke and Ischemic Stroke): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” States that the global stroke management market in 2019 is approximately USD 28 Billion. The market is expected to grow at a CAGR of 7.5% and is anticipated to reach around USD 46.50 Billion by 2026.
A stroke happens when the blood supply to the brain is blocked, or when a blood vessel bursts and bleeds. The barrier prevents blood and oxygen from entering tissues inside the brain. The lack of blood and oxygen causes brain cells to die out. The stroke caused is called ischemic stroke due to blood supply restriction to the brain. Whereas, the blood vessel bursting-instigated stroke is considered a hemorrhagic stroke. In addition, the third form of stroke is triggered because of a momentary clot and is called a transient ischemic attack (TIA). Stroke is the 5th critical cause of death in the U.S.A, according to CDC, about 795,000 people in the U.S.A have a stroke every year.
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Factors, for example, developing older populace, rising tobacco use, raising predominance of delayed ailments, presentation of new clinical items, and snappy advancement in diabetes cases will go about as chief driving highlights in the development of the worldwide stroke management market. A high spotlight on innovative work of stroke management products and persistent mechanical advances will go about as open door for the market players in the stroke management market. In any case, heavy shows by the government, and a shortage of doctors and diagnosticians will confine the development of the worldwide stroke management market. Technological progressions are anticipated to open new development roads for significant key players in the coming years.
The market for stroke management is categorized based on the type, application, and region. In light of the type, the market is bifurcated into diagnostics and therapeutics. Due to the growing use of diagnostic tests such as MRI and CT scans, the diagnostics segment represented the highest market share in 2019. The therapeutic section was further divided into antiplatelet, antihypertensive, tissue activator plasminogen, and anticoagulant. The diagnostic section was further divided into MRI, cerebral angiography, CT scan, carotid ultrasound, echocardiography, electrocardiography, and others.
Further, the application segment is bifurcated into Hemorrhagic Stroke and Ischemic Stroke. The Ischemic Stroke section held the biggest piece of the pie in 2019 and is probably going to develop at a high CAGR in the figure time frame.
Geographically market is categorized as Latin America, Europe, APAC, North America, and the MEA regions. North America is estimated to dominate the global market in the near future owing to the increasing adoption of technically advanced products in the countries of this region. This growth is attributed due to rising awareness among individuals regarding the use of advanced healthcare gadgets in the region.
Some of the major players operating in stroke management are ZOLL Medical Corporation, Stryker Corporation, Mizuho America Inc., Koninklijke Philips N.V., Genentech Inc, and others. key operating players of the global retinal imaging devices market are focusing on the development of more advanced, reliable, and cost-effective products in order to contribute to the revenue growth of the global market.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 28 Billion |
Projected Market Size in 2026 |
USD 46.50 Billion |
CAGR Growth Rate |
7. 5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
ZOLL Medical Corporation, Stryker Corporation, Mizuho America Inc., Koninklijke Philips N.V., Genentech Inc, and among others. |
Key Segment |
By Type, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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This report segments the stroke management market as follows:
Global Stroke Management Market: By Type Segment Analysis
- Therapeutics
- Antiplatelet
- Tissue Plasminogen Activator
- Antihypertensive
- Anticoagulant
- Diagnostics
- Magnetic Resonance Imaging (MRI)
- Computed Tomography Scan (CT Scan)
- Cerebral Angiography
- Echocardiography
- Carotid Ultrasound
- Electrocardiography
- Others
Global Stroke Management Market: By Application Segment Analysis
- Hemorrhagic Stroke
- Ischemic Stroke
Global Stroke Management Market: By Region Segment Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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