Stroke Management Market Insights, Share And Demand 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Stroke Management Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The stroke management market size has grown strongly in recent years. It will grow from $36.94 billion in 2023 to $39.98 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to thrombolytic therapies, stroke prevention initiatives, rehabilitation techniques, telemedicine in stroke care, collaborative stroke networks.

The stroke management market size is expected to see strong growth in the next few years. It will grow to $52.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to emergence of neuroprotective therapies, artificial intelligence in stroke diagnosis, personalized medicine approaches, expanding access to acute care, global stroke care standardization. Major trends in the forecast period include advancements in medical imaging technology, telemedicine and remote monitoring, focus on preventive care and risk factor management, neuroprotective therapies and drug innovations, collaboration and multidisciplinary approaches.

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Market Drivers and Trends:

The increasing incidence of chronic diseases is expected to propel the growth of the stroke management market going forward. Chronic diseases refer to a problem that persists for a year or longer and impedes everyday activities, necessitates continuing medical care, or both. Stroke management assists patients suffering from various chronic diseases, such as cancer and cardiovascular diseases, by providing a timely focus on preventive, care, and support requirements through patient education and empowerment as well as the creation of care delivery models that integrate primary and secondary care. For instance, in January 2023, according to the National Library of Medicine a US-based biomedical library highlights, there will be 142.66 million people aged 50 and older in 2050 who have at least one chronic disease, up from 71.522 million in 2020, a 99.5% rise. Therefore, the increasing incidence of chronic diseases is driving the growth of the stroke management market going forward.

Technological advancements are a key trend gaining popularity in the stroke management market. Companies operating in the stroke management market are adopting new technologies to sustain their position in the market. For instance, in November 2021, Qure.ai, an India-based artificial intelligence solution company, launched an AI stroke management platform to enable the remote diagnosis of emergency stroke cases. The AI imaging solution developed by the startup, called qER, powers the Qure.ai Stroke Management Platform. It is a triage and notification tool approved by the US FDA under 510(k) that can identify and quantify up to 12 abnormalities on head CT scans, including bleed, fracture, mass effect, and midline displacement. It aids in the early detection of stroke. Neurologists, radiologists, and neurosurgeons are among the stroke stakeholders who can examine clinical and imaging data using a companion mobile app for the stroke management system. It creates PDF reports and allows the viewing of DICOM files. Clinicians may share photos and reports, alter AI results, and more using the app.

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Major Key Players of the Market:

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

Stroke Management Market 2024 Key Insights:

• The stroke management market will grow to $52.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Rising Incidence Of Chronic Diseases Fuels Growth In The Stroke Management Market
• Technological Innovations Drive Advancements In The Stroke Management Market
• North America was the largest region in the stroke management market in 2023

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