Global Stroke Management Market Size 2024, Forecast To 2033
6 Mar, 2024
The stroke management market has demonstrated strong growth, surging from $36.94 billion in 2023 to $39.98 billion in 2024, with a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period is linked to thrombolytic therapies, stroke prevention initiatives, rehabilitation techniques, telemedicine in stroke care, and collaborative stroke networks. Looking ahead, the market is anticipated to continue its strong growth, reaching $52.89 billion in 2028, with a slightly lower CAGR of 7.2%. The forecast period will be characterized by the emergence of neuroprotective therapies, the integration of artificial intelligence in stroke diagnosis, personalized medicine approaches, expanding access to acute care, and the standardization of global stroke care. Major trends in this period include advancements in medical imaging technology, telemedicine and remote monitoring, a focus on preventive care and risk factor management, neuroprotective therapies, and drug innovations, along with collaboration and multidisciplinary approaches.
Global Stroke Management Market Key Driver
The stroke management market is set for growth due to the increasing incidence of chronic diseases, requiring continuous medical care and impacting daily activities. Chronic diseases, persisting for a year or longer, include conditions like cancer and cardiovascular diseases. The National Library of Medicine in January 2023 highlighted projections that by 2050, there will be 142.66 million people aged 50 and older with at least one chronic disease, marking a substantial 99.5% increase from 71.522 million in 2020. Stroke management plays a crucial role in addressing the needs of patients with chronic diseases through preventive focus, care, and support. This includes patient education, empowerment, and the creation of care delivery models integrating primary and secondary care. The rising incidence of chronic diseases is a significant driver for the growth of the stroke management market, with market sizes estimated for USD 2023, 2024, and 2028.
Get A Free Sample Of The Global Stroke Management Market ReportGlobal Stroke Management Market Segments
The stroke management market covered in this report is segmented –
1) By Product Type: Diagnostics, Drug Therapy Products, Interventional Stroke Management Systems
2) By Application: Ischemic Stroke, Hemorrhagic Stroke
3) By End-User: Hospitals, Clinics, Ambulatory Surgery Centers, Diagnostic Centers, Retail Pharmacies, Online Pharmacies, Other End Users
By Geography:The regions covered in the stroke management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the stroke management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global stroke management market report during the forecast period. The regions covered in the stroke management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Stroke Management Industry Players
GE HealthCare Technologies Inc., Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, B Braun Melsungen AG, Bristol Myers Squibb Co., Cardinal Health Inc., Glaxosmithkline Plc, Siemens AG, Merck And Co. Inc., Asahi Intech Co. Ltd., Johnson & Johnson, Penumbra Inc., Teleflex Inc., Stryker Corporation, Biogen Inc., Bayer AG, Philips Healthcare, AstraZeneca Plc., F. Hoffmann-la Roche, Novartis AG, Takeda Pharmaceutical Company Ltd., Sanofi SA, Daiichi Sankyo Company Limited, Boehringer Ingelheim International GmbH, Pfizer Inc., Integer Holdings Corporation
Get The Full Global Stroke Management Market Report
Stroke Management Market Overview
Stroke management refers to a treatment that occurs when a blood vessel in the brain bursts or when something stops the flow of blood to a specific area of the brain. The brain either ages or suffers harm in both scenarios.
Stroke Management Global Market Report 2023 provides data on the global stroke management market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The stroke management market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.