Stroke Management Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global stroke management market was valued at USD 36.3 billion in 2022, and a CAGR of 7.1% is expected during the forecast period. The surge in the aging population, advancements in technology, and treatment are driving the growth of the market significantly. Technological advancements and numerous research institutes are driving the growth of the market significantly. The geriatric population worldwide is more susceptible to stroke. Lifestyle changes are leading to higher chances of strokes.

The global economic recession has moderately impacted the stroke management market. The rise in government initiatives is making people more aware of the treatments for such serious diseases. An increasing number of patients suffering from stress and anxiety are also more susceptible to stroke, and they are contributing to the growth of this market. According to the Centers for Disease Control and Prevention, 1 out of 6 deaths from cardiovascular diseases in the U.S.A. in 2021 was due to stroke. Every 40 seconds, someone in the United States is having a stroke.

 Impact of Covid-19

 COVID-19 had a mixed impact on the stroke management market. At the beginning, the shift in priority of medical centers all over the world has badly hampered the market. Patients had to suffer a lot due to the unavailability of doctors and the temporary shutdown of hospitals for non-covid patients. But later on, with the passage of time, things started to work in favor of the market when online consultation started. Telemedicine gained traction for consultations, but delayed treatments and reduced hospital visits affected timely interventions. Cases of stroke increased drastically during COVID-19. People were completely packed inside the home. People were mentally very puzzled during COVID-19; rising blood pressure and cholesterol were the main causes of the pandemic behind the stroke.

Growth Drivers

·         Advancements in Technology

·         Increasing prevalence of Stroke

·         Rising Geriatric Population

·         Development of innovative treatments and therapies

·         Awareness Campaigns and Governments Initiatives

Advancements in technology in stroke management include telemedicine and tele stroke services. These enable remote consultations with top-class doctors and quicker diagnoses, especially for patients who live in rural areas. Innovations in CT-Scan, MRI, and angiography provide more precise and timely diagnosis, allowing for better-informed treatment plans. Techniques like endovascular thrombectomy and embolization offer less invasive treatment. Robotic devices aid in stroke rehabilitation, providing personalized therapy to improve motor skills and functional abilities. Wearable devices and monitoring systems, as well as AI and machine learning, assist in analyzing vast amounts of data.

Factors such as weakened blood vessels, a higher prevalence of conditions like diabetes and hypertension, and heart diseases contribute to an increased susceptibility to strokes among older adults. Obesity, high blood pressure, high cholesterol, smoking, and an excess amount of alcohol are the things that lead a person towards stroke. Life in countries with dense populations like India is even more challenging due to the large population and fewer opportunities, resulting in a large number of stressed patients who are more stroke-prone. Awareness campaigns and government initiatives play a vital role in stroke management. Various NGOs are working in this direction in rural areas to make people more aware of health issues. The government is also much more alert to deal with these issues.

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

Stroke Management Market Type Segmentation

On the basis of type, the stroke management market is segmented into diagnostics, therapeutics, software, brain aneurysm, hemorrhagic strokes, ischemic strokes, and transient ischemic attack. The diagnostics segment is the leading one and is expected to dominate during the forecast period. MRI, SCANS, and various other tests can easily tell about the risk of stroke. Early diagnosis is the most important segment, for which laboratories and research centers are established. Therapeutics is expected to dominate during the forecast period. Ischemic strokes are the most common. Ischemic strokes are in 87% of strokes, in which the blood flow to the brain is prohibited. The software segment is expected to grow at the fastest pace during the forecast period due to the development of advanced software in order to diagnose and treat brain strokes.

Stroke Management Market End-Users Segmentation

On the basis of end-users, the stroke management market is segmented into hospitals, specialty clinics, and AC clinics. Hospitals are the leading segment and are expected to maintain their dominance during the forecast period. Specialty clinics are established to provide a better cure for stroke patients. The recognition of Artemis Hospital’s SVIN Unit is the best one for improving stroke care all around the world. The increasing attention of governments all over the world is also driving this market towards positive growth, and government hospitals with modern facilities are also not far behind.

 Regional Outlook

On the basis of the region, the stroke management market is segmented into: Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Due to advanced healthcare systems, extensive research systems, and robust technological adoption, North America is the leading region in the stroke management market. Similar to North America, Europe invests in advanced healthcare technologies and has a well-established stroke management protocol. Due to the large population and changing lifestyles, the threat of stroke is greater in countries like China and India. Advancement in healthcare infrastructure and increasing awareness are driving the growth of the market in these countries. The presence of big market players like Pfizer and Abbott is driving growth in the North American market.

Due to poor healthcare infrastructure, Latin America has to face challenges. The Middle East is showing some growth due to the presence of big markets like the U.A.E. Brazil, Saudi Arabia, and South Africa are also showing some growth during the forecast period.

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

Global Stroke Management Market research report presents a strategic analysis of the global Stroke Management Market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it.

This report delivers market size, regional and country market data, segmentation growth, market share, competitive landscape, company’s Stroke Management revenue analysis, strategies of domestic and global market players, opportunities analysis, strategic market growth analysis, and technological innovations. It analyses historical and current market data to accurately gauge its future growth potential. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give competitive overview. This study presents most detailed (COVID-19 updated) and in-depth analysis about the global Stroke Management market, covering all global regions and countries. The report provides intricate dynamics for each of the countries covered, offering unmatched value, accuracy and expert insights.

Report Purpose

The purpose of the report is to portray the state of the global Stroke Management Market and to present real and expert-verified data and insights about the market values, volumes, dynamics, segmentation and prices. It also offers forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. Further, it covers in-depth analysis of the key market players, industry trends and insights, growth drivers and challenges and all other factors, influencing the growth of market.

Scope of the Report

The report on the global Stroke Management Market presents:

·         Historical Data: Market data including volume, growth rate, value, and dynamics; Market segmentation (by product, by region and by country; etc.) for the last five years;

·         Strategic Insights for companies looking to launch new products to diversify their business, exploring leading countries to establish supply chain, and top countries to increase company export and go global

·         Comprehensive Regional Market Data: volume, growth rate, value, market share and dynamics of for the last five years (broken down by region);

·         Market Dynamics: Analysis of the factors impacting the market including demand drivers, industry trends and challenges and the short and the medium-term impact of COVID-19 presently and in near future;

·         Analysis and forecast for the global economy and demographics;

·         Supply chain and value chain analysis, risk analysis of supply side and demand side;

·         Market Forecast for next ten years (market share, year-on-year growth, volume, value and segmentation by region);

·         Company profiling of key market players covering company’s Stroke Management revenue, sales and market share;

·         Comprehensive coverage of competitive landscape offering market positioning and snapshot of key business strategies;

·         Porter’s Five Forces analysis;

How Can You Benefit from This Report?

In this report you can:

·         Track and identify key market trends and insights and key drivers behind recent market changes and see the impact COVID-19 has and will have on the market in both the short and the medium term;

·         Get access to reliable and verified market data, with which aids you to make confident business decisions;

·         Analysis of market numbers, such as volume, value, forecasts, dynamics, segmentation and market structure – past, present and future;

·         Gain competitive intelligence about the market at low cost as compared to other reports;

·         Understand growth potential countries and regions, opportunities, growth drivers and barriers on the market;

·         Own data spreadsheet for comparison at global, regional and for individual country, covered in the report;

·         Analyse countries with highest and lowest demand for Stroke Management and countries in each region which will grow at highest growth in next five years.

·         Strategically plan business strategy based on verified market data and expert insights;

·         Identify revenue generation opportunities in the countries and regions within the market;

·         Get market trend data of last 10 years and how market growth will unfold in next ten years;

·         Market share analysis and positioning of leading market players;

·         Get an assessment of competitive intensity, fragmentation and environment and understand competitive threats;

·         Get hands on data your competitors might already have and be acting upon;

·         Assess your position on the market, choose a new product line market to enter or get to know a completely new market;

·         Save money, time and resources by not purchasing/collecting data and compiling them by yourself;

·         Extensive analysis of all required market data in one place;

·         Empower your marketing, branding, strategy, product and business development, consumption and supply functions with valuable market insights;

·         Assess market attractiveness and BPS analysis for region and country and strategies business activities;

·         Develop your own market entry or market expansion strategy or validate your current strategy;

·         Get easy to read, perceive and understand report.

What Kind of Decisions You Can Make Based on the Data in This Report?

This report detailed and all-inclusive data on Stroke Management Market, providing valuable support to make vital decisions regarding:

·         Strategic planning;

·         Industry analysis;

·         Target Market/Marketing and sales;

·         Regional and country assessment and opportunity analysis;

·         Market entry into new product group or country;

·         Pricing of existing and new products;

·         New product development and Innovation in existing products;

·         Supply chain management;

·         Market evaluation;

·         Mergers, Expansions, Joint Ventures and acquisitions.

Who Is This Report for?

This report is intended to give broad overview of market to people who already are working on this market:

·         C-suite Level executives;

·         Directors;

·         Industry strategists;

·         Marketing professionals;

·         Business development professionals;

·         Product developers;

·         Product marketers and strategists;

·         Product managers;

·         Project managers;

·         Suppliers;

·         Traders;

This report also caters to people who are not involved in the market, representatives of investors, consultants, advisors and financial institutions:

·         Management consultants;

·         Investment managers;

·         Financial professionals;

·         M&A managers.

Regional Coverage

The report on the global Stroke Management Market breaks down the world into the following regions & countries and covers every single one of them:

Report Customization

If the report as is does not serve your market research needs, get it customized at free of cost, as per your own specific requirements. Feel free to contact us for more information!