Stroke Management Market Analysis

Stroke Management Market Analysis

On the basis of type, the industry is categorized into hemorrhagic, ischemic, transient ischemic attack, and others. Amongst them, the market share from transient ischemic attack (TIA) segment is projected to surpass USD 1.5 billion by 2032. The segment outlook is fuelled by the increasing mortality rate associated with the disease, which is fostering the adoption of stroke management devices. In addition, the rising inclination towards catheter-based devices for interventional procedures to remove thrombi is also poised to accelerate market statistics. 
 

On the basis of product, the market is bifurcated into therapeutic devices and diagnostic devices. The therapeutic devices segment is expected to surpass USD 11.5 billion by 2032. Segmental growth is slated to be driven by the increasing number of patients suffering from an aneurysm. As per the Brain Aneurysm Foundation, ruptured brain aneurysms are responsible for 3-5% of all new stroke cases. To that end, increasing use of therapeutic devices such as surgical clipping is also likely to outline the segment outlook. 
 

With respect to end-use, stroke management market is segmented into ambulatory surgery centers, diagnostic centers, hospitals, and others. The hospital segment accounted for over 39% market share in 2022. The segment is forecast to depict strong growth owing to increasing hospital admissions, which are in-turn driven by the increasing accessibility to favorable reimbursement policies for treatment procedures performed in hospital settings. As per the American Hospital Association, in 2022, over 33.3 million heart attack and stroke patients were hospitalized in the U.S. alone.
 

Asia Pacific stroke management market share is expected to surpass USD 17 billion by 2032. Increasing investments from both public as well as private organizations towards initiatives that are designed to spread more awareness about cardiovascular ailments will drive regional market share. Meanwhile, growing efforts from leading regional industry players towards capturing a higher market share in emerging Asia-Pacific nations will also define segment expansion.