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Acute Ischemic Stroke Diagnosis Market Opportunities, Growth Drivers, Analysis 2033
Acute Ischemic Stroke Diagnosis Market Opportunities
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According to The Business Research Company's, The acute ischemic stroke diagnosis market size has grown strongly in recent years. It will grow from $2.14 billion in 2023 to $2.31 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to rise in cardiovascular risk factors, telemedicine adoption, establishment of stroke centers, increased aging population, development of thrombolytic therapies.
The acute ischemic stroke diagnosis market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to remote monitoring technologies, patient-centric healthcare models, integration of wearable devices, point-of-care testing devices, expansion of mobile stroke units. Major trends in the forecast period include advancements in imaging technologies, advancements in artificial intelligence, genetic and biomarker product innovations, blockchain for data security, integration of augmented reality.
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Market Drivers and Trends:
The rising prevalence of acute ischemic stroke cases is expected to propel the growth of the acute ischemic stroke diagnosis market going forward. Acute ischemic stroke refers to a severe medical emergency brought on by poor blood supply to the brain, which causes brain cell destruction. Early diagnosis of acute ischemic stroke will aid in treatment and reduce brain damage and other consequences resulting from the stroke. For instance, in March 2023, according to the Centers for Disease Control and Prevention, a US-based national public health agency, stroke deaths increased from 38.8 per 100,000 in 2020 to 41.1 per 100,000 in 2021. Further, in the United States, there are more than 795,000 strokes per year; 610,000 are first-time strokes and ischemic strokes, in which blood flow to the brain is impeded, account for around 87% of all strokes. Therefore, the rising prevalence of acute ischemic stroke cases is driving the growth of the acute ischemic stroke diagnosis market.
Product innovations are a key trend gaining popularity in the acute ischemic stroke diagnosis market. Major companies operating in the acute ischemic stroke diagnosis market are innovating new products to maintain their position in the market. For instance, in February 2022, Imperative Care Inc., a US-based medical equipment manufacturing company, launched Zoom POD Aspiration Tubing, the latest advancement in improving stroke therapy. The Zoom POD is the first and only sterile field clot filter device, allowing patients with ischemic stroke to undergo crucial mechanical thrombectomy procedures more quickly. The Zoom POD is integrated into the aspiration tube, reducing the distance from aspiration to filtration while preserving full aspiration strength. The Zoom POD streamlines and expedites a crucial step of the treatment by giving the doctor a quick view and confirming the effective removal of the clot.
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Major Key Players of the Market:
Cardinal Health Inc., Johnson & Johnson Services Inc., Merck & Co. Inc., Bayer AG, Sanofi-Aventis LLC, Abbott Laboratories, Medtronic plc, Siemens Healthineers AG, Philips Healthcare, Stryker Corporation, GE HealthCare Technologies Inc., Boston Scientific Corporation, Genentech Inc., Nihon Kohden Corporation, Neusoft Medical Systems Co. Ltd., Penumbra Inc., Insera Therapeutics LLC, MicroVention Inc., FUJIFILM Medical Systems, Canon Medical Systems Corporation, Silk Road Medical Inc., Samsung Neurologica Corporation, Mentice AB, NICO Corporation, Imperative Care Inc., Olea Medical, NovaSignal Corporation, iSchemaView Inc., Hyperfine Research Inc., Perfuze Ltd.
Acute Ischemic Stroke Diagnosis Market 2024 Key Insights:
• The acute ischemic stroke diagnosis market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Surging Acute Ischemic Stroke Cases Fuel Growth In Diagnosis Market
• Companies Revolutionizing Stroke Therapy To Enhance Efficiency In Acute Ischemic Stroke Diagnosis
• North America was the largest region in the acute ischemic stroke diagnosis market in 2023
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