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Stroke Management Market 2020 By Regional Trend & Growth Forecast To 2025

Author : Ronak Bora | Published Date : 2020-09-14 

Stroke Management Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Constant increment in chronic diseases with changes in sedentary lifestyles and unhealthy diets will drive stroke management industry trends globally. As per WHO, over 75% of CVD deaths occur in lower and middle economies. Rising population of baby boomers in China and India will lead to the adoption of stroke management devices for their effective diagnosis and treatment.

The continuous availability and demand for technically advanced devices will further contribute towards the market outlook. For instance, Medtronic introduced SOLITAIRE X, a revascularization device powered with a unique overlapping stent with retriever-based technology. It helps to retrieve clots from clogged blood vessels in a patient’s brain in acute ischemic strokes and reinstate the blood flow. Global stroke management market size is likely to surpass a yearly valuation of USD 44.5 billion by 2025.

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Magnetic resonance imaging (MRI) segment contributed to around 48% of the industry share in terms of revenues in 2018. MRI scans provide minimal exposure to harmful radiation and assist medical practitioners with vital information concerning the risks of developing strokes.

They are also known to exhibit better image qualities, easy-to-use structures, and various other built-in advanced features. Consistent adoption of the MRI systems to showcase cross-sectional, 3D images of the body with minimum technical assistance are some factors enhancing stroke management.

Hospitals contributed a significant share in stoke management industry in 2018, anticipated to expand at nearly 6.5% CAGR in the coming years. The prevalence of chronic ailments along with growing hospitalization will stimulate the adoption of stroke management. Access to skilled healthcare professionals in hospitals is an additional factor supporting this segment.

Regionally, the North American stroke management market size achieved over USD 9 billion in 2018 in annual revenue and is pegged to grow further, owing to increments in cases of cardiovascular and neurovascular diseases. The growth can also be attributed to strong and expanding positions of major industry players in this region.

Stringent regulations and higher device costs may hamper the market forecast. Globally leading companies in stroke management are adopting partnerships, acquisitions, and novel product launches to sustain competition post the coronavirus crisis. For instance, Boston Scientific Corporation in March 2019, was certified with a CE mark for marketing its WATCHMAN FLX closure device in Europe. This led to its geographical expansion and extended market share.

The competitors are also focused on R&D activities for advanced treatment of strokes and expanding healthcare expenditures. These firms include Abbott Laboratories, B. Braun, Asahi Intecc, Claret Medical, Boston Scientific, Integer Holdings, GE Healthcare, Teleflex, Johnson & Johnson, Penumbra, Medtronic, Kaneka Medix, Silk Road Medical, and Siemens. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/stroke-management-market

Partial Chapter of the Table of Content 

Chapter 4.  Stroke Management Market, By Type

4.1. Key segment trends

4.2. Ischemic

4.2.1.  Market size, by region, 2014 – 2025 (USD Million)

4.3. Hemorrhagic

4.3.1.  Market size, by region, 2014-2025 (USD Million)

4.4. Transient ischemic attack (TIA)

4.4.1.  Market size, by region, 2014-2025 (USD Million)

4.5. Others

4.5.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 5.  Stroke Management Market, By Diagnostics

5.1. Key segment trends

5.2. Magnetic resonance imaging (MRI)

5.2.1.  Market size, by region, 2014-2025 (USD Million)

5.3. Computed tomography scan (CT scan)

5.3.1.  Market size, by region, 2014-2025 (USD Million)

5.4. Electrocardiography

5.4.1.  Market size, by region, 2014-2025 (USD Million)

5.5. Carotid ultrasound

5.5.1.  Market size, by region, 2014-2025 (USD Million)

5.6. Cerebral angiography

5.6.1.  Market size, by region, 2014-2025 (USD Million)

5.7. Others

5.7.1.  Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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