Stroke is predominantly observed among the geriatric population and is globally considered as a major cause of death. The rise in adoption of unhealthy lifestyle patterns, alcohol and smoking addiction has collectively contributed to the rise in prevalence of stroke. As per the America Medical Association, around 40% of geriatric population (aged 55 and above) of U.S. suffer from stroke. The World Health Organization estimates around 17 million deaths due to stroke annually. According to the Centers for Disease Control and Prevention, around 0.7 million individuals in the U.S. suffer from stroke each year. The rise in prevalence of stroke fuels the overall market growth. The stroke management market is analysed by segmenting the market into type of products, application and geography. The products are further classified into diagnostic and therapeutic products.
The growing awareness among individuals and healthcare professionals play an important role in the growth of this market. The rise in awareness has led to the increase in diagnosis rate of stroke, thus accounted for its maximum market share in 2021. With the rise in technological advancements and with patients considering preventive diagnosis, the diagnostic segment would also attain fastest CAGR during the forecast period. The availability of suitable treatment guidelines ensures appropriate treatment thus catalysing the overall stroke management market. The American Heart Association collaborated with the Heart Rhythm Society, the American Academy of Family Physicians and the International Society for Heart & Lung Transplantation to develop guidelines that would aid physicians in appropriate treatment of heart failures. These guidelines provide a foundation for appropriate cardiovascular care. However, high treatment cost and stringent government policies to approve new an advanced diagnostic technologies could intervene with the growth of this market.
Of the various geographical regions analysed, North America held the largest market share in 2021. Asia Pacific projected to grow with fastest CAGR during the forecast period from 2025 to 2033. The North American market growth is predominantly driven by the rise in prevalence of chronic diseases leading to cardiovascular risks, increased disposable income, rise in healthcare expenditure and the constant investments in research and development.
The global stroke management market comprises market players namely B Braun Melsungen AG, Abbott Laboratories, Boston Scientific Corp, Medtronic Plc., Bristol-Myers Squibb, Cardinal Health, , Siemens Healthcare, GE Healthcare, Merck & Company and GlaxoSmithKline Plc.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Stroke Management market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2023-2033 |
| Base Year | 2024 |
| Forecast Period | 2025-2033 |
| Historical Year | 2023 |
| Unit | USD Million |
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Application
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Region Segment (2023-2033; US$ Million)
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Key questions answered in this report