Stroke Management Market Size By Type (Ischemic, Hemorrhagic, Transient Ischemic Attack [TIA]), By Diagnostics (Magnetic Resonance Imaging [MRI], Computed Tomography Scan [CT Scan], Electrocardiography, Carotid Ultrasound, Cerebral Angiography), By Therapeutic Devices (Stent Retriever, Surgical Clipping, Embolic Coils, Flow Diverters, Aspiration Catheters), By End-use (Hospitals, Ambulatory Surgery Centers, Diagnostic Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Sep 2020  |  Report ID: GMI3550  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 230   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Stroke Management Market size valued at USD 30.1 billion in 2019 and is expected to witness 6.3% CAGR from 2020 to 2026. Rising geriatric population base will drive the market revenue as elderly people are vulnerable to stroke and requires effective medical care to maintain their health condition.
 

Stroke Management Market

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Launch of novel products by key market players, and rapid surge in diabetes cases will act as major growth driving factors for the global stroke management market. Advancements in stroke management such as cone beam imaging for accurate detection of occlusion site, haemorrhage, and at-risk tissue will augment the market progression. Unhealthy lifestyle and dietary habits including consumption of bad cholesterol, saturated fats and others are some of the aspects that causes stroke, propelling the overall market growth.
 

Several organizations such as European Stroke Organization, European Society of Minimally Invasive Neurological Therapy and The American Stroke Association have recommended quick Endovascular Therapy (EVT) during the current COVID-19 outbreak. This therapy was recommended due to rising neurological disabilities such as Alzheimer’s disease, and others as well as high mortality rate among the untreated patients, accelerating the market size expansion.
 

Stroke Management Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 30.1 billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 6.3% 2026 Value Projection: USD 47.8 billion
Pages: 230 Tables, Charts & Figures: 313
Geographies covered (25): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, Japan, China, India, Australia, Malaysia, Thailand, Indonesia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Qatar, UAE
Segments covered: Type, Diagnostics, Therapeutic Devices, End-use and Region
Companies covered (14): Abbott Laboratories, Asahi Intecc Co. Ltd, B. Braun Melsungen AG, Boston Scientific Corporation, Koninklijke Philips N.V., Integer Holdings Corporation, GE Healthcare, Johnson & Johnson, Kaneka Medix, Medtronic, Penumbra, Siemens, Silk Road Medical, Teleflex Incorporated
Growth Drivers:
  • Growing preference for minimally invasive procedures
  • Increasing prevalence of cardiovascular diseases worldwide
  • Technological advancements
  • Growing geriatric population in Developed economies
Pitfalls & Challenges:
  • Stringent regulatory framework
  • High cost of procedures

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Rising incidence of cardiovascular disorders will propel the demand for stroke management devices

Increasing prevalence of cardiovascular diseases globally is one of the key drivers fostering the stroke management market growth trends. According to Centers for Disease Control and Prevention (CDC), in 2018, about one in every six deaths from cardiovascular disease were due to strokes. People from low- and middle- income countries are affected the most from cardiovascular disease due to less availability of stroke management avenues, thus creating unmet need for stroke management devices in such locations.
 

Additionally, the World Health Organization (WHO) has created global action plan for prevention and control of Noncommunicable diseases (NCDs). The global action plan aims to reduce NCDs by adopting early detection and cost-effective management of hypertension in order to prevent strokes, heart attacks, and other complications. However, stringent regulatory framework may restrict the market growth.
 

Surging cases of hemorrhagic stroke will favour the stroke management market growth

The hemorrhagic segment will witness around 6% growth rate during the forecast period attributed to rising incidence of hemorrhagic stroke across the globe. Also, surging demand of minimally invasive procedures such as stereotactic radiosurgery for treating ischemic stroke will create demand for stroke management devices.
 

Hemorrhagic stroke is of two types, intracerebral hemorrhage and subarachnoid hemorrhage. Among them, intracerebral hemorrhage is the most common hemorrhagic stroke. Around 10 to 15 percent of total strokes are intracerebral haemorrhages, thus creating significant demand for hemorrhagic stroke management therapeutic devices.
 

Increasing demand of CT scanners for stroke management

The computed tomography scan segment accounted for around 28% stroke management market share in 2019. Several prominent players are constantly developing CT scanners for better visualization. Technological advancements in CT scanners coupled with rising demand for scanning and planning of stroke management surgeries will increase its adoption rate. Growing demand for minimally invasive diagnosis and surging cases of chronic diseases will stimulate the market demand.
 

Increasing usage of flow diverters will augment the market expansion

Global Stroke Management Market By Therapeutic Devices

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The flow diverters segment size in the stroke management market was around USD 4.5 Bn in 2019. Usage of flow diverters in the treatment of aneurysms arising from anterior cerebral artery has high success rate with minimal complication rate. Wide adoption of flow diverters for stroke management along with availability of technologically advanced products will enhance the market revenue.
 

Rising preference towards hospital settings will offer significant growth opportunities for stroke management market

The hospitals segment is anticipated to expand at over 6% CAGR through 2026. Availability of well-developed infrastructure along with emergency care facilities in the hospital settings will propel the segment growth. Increasing demand for stroke management devices in ischemia, hemorrhage and emergency cases for immediate examination and detection of patient’s health status will prove beneficial for the business growth. In addition, increasing initiatives by public and private organizations to lower down hospital prices for various procedures will further accelerate the market size expansion.
 

Increasing incidence of stroke in North America region

North America Stroke Management Market By Country

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North America stroke management market held more than 34% revenue share in 2019 due to large patient population suffering from chronic diseases. According to CDC, every year approximately 795,000 people in the U.S. have a stroke. This scenario proves beneficial for the regional growth as it increases the demand for stroke management devices. Increasing private and public investment, favourable demographic trends and high awareness pertaining to stroke and medical care will boost the regional market progression.
 

Strategic initiatives undertaken by leading industry players have helped them maintaining their market position

Some of the leading players functioning in the stroke management market include Abbott Laboratories, B. Braun Melsungen, GE Healthcare, Asahi Intecc CO., Boston Scientific, Koninklijke Philips N.V., Siemens, Medtronic, and Johnson & Johnson. These market players are undertaking several organic and inorganic growth strategies to garner higher revenue in the market.
 

Recent Industry Developments:

  • In February 2020, Abbott Laboratories received the approval by U.S. FDA for its Amplatzer Amulet left atrial appendage occluder for people suffering from stroke. This strategy assisted the company in broadening stroke management product portfolio.
     
  • In April 2019, Medtronic announced the launch of Solitaire (TM) X revascularization device. This product is useful in the treatment of acute ischemic stroke. The strategy expanded the company’s product portfolio.
     

The stroke management market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:
 

Market, By Type

  • Ischemic
  • Hemorrhagic
  • Transient ischemic attack (TIA)
  • Others

Market, By Diagnostics

  • Magnetic resonance imaging (MRI)
  • Computed tomography scan (CT scan)
  • Electrocardiography
  • Carotid ultrasound
  • Cerebral angiography
  • Others

Market, By Therapeutic Devices

  • Stent retriever
  • Surgical clipping
  • Embolic coils
  • Flow diverters
  • Aspiration catheters
  • Others

Market, By End-use

  • Hospitals
  • Ambulatory surgical centers
  • Diagnostic centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Netherlands
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Malaysia
    • Thailand
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Qatar
    • UAE
       

Frequently Asked Questions (FAQ) :

The global market size of stroke management, in 2019 was USD 30.1 billion and is projected to witness a CAGR of 6.3% though 2026.
The hemorrhagic segment will witness about 6% growth rate through 2026, due to the rising cases of hemorrhagic stroke across the world.
North America market witnessed over 34% revenue share in 2019. Favorable demographics, increasing private and public investment, and growing awareness about stroke and medical care will foster the regional growth.
Through 2026, the hospitals segment is expected to expand at over 6% CAGR. The availability of well-developed infrastructure with emergency care facilities in the hospitals will propel the market share from hospitals.

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Premium Report Details

  • Published Date: Sep 2020
  • Pages: 230
  • Tables: 304
  • Charts / Figures: 9
  • Companies covered: 14
  • Countries covered: 25

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