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Advancements In AI-Based Platforms Enhancing Stroke Diagnosis And Treatment AI24: A Crucial Influence on the Stroke Diagnostic And Therapeutic Market's Transformation in 2025
What Is the Expected Size and Growth Rate of the Stroke Diagnostic And Therapeutic Market?The market size for stroke diagnosis and treatment has seen significant expansion in recent years, with predictions suggesting it will rise from $33.41 billion in 2024 to $36.36 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.9%. This progression during the historical period is linked to increased government financing and initiatives, advancements in healthcare service accessibility, swift urbanization, improvements in healthcare facilities, and a fast-paced broadening of telemedicine and tele-stroke services.
The market size for stroke diagnostics and treatment is forecasted to experience significant expansion in the coming years. It's predicted to escalate to a market value of $50.37 billion by 2029, with a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this projected growth during the forecast period include the rising number of diabetes cases, increases in high blood pressure sufferers, an uptick in the number of patients at risk for strokes, heightened awareness regarding stroke prevention, and an ascending trend in stroke occurrence and prevalence. Key trends for the forecast period involve the growing implementation of artificial intelligence (AI) and machine learning (ML) algorithms, advances in power tools, consistent advancements in healthcare technology, improvements in swift and precise diagnostic tools, and progress in telemedicine and tele-stroke services.
What Factors Are Fueling Growth in the Stroke Diagnostic And Therapeutic Market?
The stroke diagnostic and therapeutic market is expected to expand due to the growing incidence of stroke cases. A stroke is a medical emergency caused by a disruption or decrease in blood flow to a part of the brain, which deprives brain tissue of oxygen and nutrients, potentially causing brain cell damage or death. Hypertension, by damaging blood vessels and making them more prone to rupture or obstruction, raises the risk of stroke. The efficiency of stroke diagnostics and therapies has a significant impact on patient outcomes, as prompt diagnosis and treatment can greatly decrease brain damage, disability, and mortality rates. For example, a report from the US-based non-profit, the American Heart Association, stated that in January 2024, strokes were responsible for about 7.44 million deaths worldwide, with 3.71 million from ischemic stroke, 3.38 million from intracerebral hemorrhage, and 0.36 million from subarachnoid hemorrhage in 2021. Similarly, in January 2023, a report from the American Heart Association stated that stroke resulted in roughly 7.08 million deaths, including 3.48 million from ischemic stroke, 3.25 million from intracerebral hemorrhage, and 0.35 million from subarachnoid hemorrhage. As a result, the growing incidence of strokes is fueling the expansion of the stroke diagnostic and therapeutic market.
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Which Leading Companies Are Shaping the Growth of the Stroke Diagnostic And Therapeutic Market?
Major companies operating in the stroke diagnostic and therapeutic market are Johnson & Johnson Service Inc., Bayer AG, Abbott Laboratories, Medtronic plc, Boehringer Ingelheim International GmbH, Siemens Healthineers AG, Koninklijke Philips N. V., Stryker Corporation, GE HealthCare Technologies Inc., Boston Scientific Corporation, Terumo Corporation, Genentech Inc., Nihon Kohden Corporation, MicroPort Scientific Corporation, Penumbra Inc., ASAHI INTECC CO. LTD., Silk Road Medical Inc., RapidAI, Pharmazz Inc., Medfield Diagnostics AB, Perfuze Limited, Qure.ai Technologies Private limited
Which Leading Companies Are Shaping the Growth of the Market?
Leading entities in the stroke diagnostic and therapeutic market are innovating with AI-centric healthcare platforms to improve precision and efficacy in stroke detection and therapy. Artificial intelligence in healthcare platforms is leveraged to analyze comprehensive patient data, identify patterns, and provide insights, which aims to enhance diagnostic precision, treatment effectiveness, and customized care. For instance, RapidAI, an American AI and tech firm, introduced Rapid Edge Cloud in November 2023. The platform employs a blend of cloud and on-premise technologies to enhance speed, security, and adaptability, while seamlessly integrating with hospital systems and third-party apps. It has attained Class III Shonin approval in Japan, which is the globe's second-largest stroke market. The platform is Japan's pioneer advanced stroke imaging platform that facilitates the decision-making process for mechanical thrombectomy and offers exclusive MR-based perfusion technologies. The platform's AI-fueled non-contrast CT solutions, including Rapid NCCT Stroke, Rapid ASPECTS, Rapid Hypodensity, Rapid Hyperdensity, and Rapid SDH, are unmatched in their capability to identify suspected stroke instances during the primary CT scan, drastically cutting down on decision-making and treatment durations, thereby, enhancing patient outcomes.
What Are the Key Segments of the Stroke Diagnostic And Therapeutic Market?
The stroke diagnostic and therapeutic market covered in this report is segmented -
1) By Type: Diagnostics, Therapeutics
2) By Stroke Prevention Strategies: Medication Management, Lifestyle Modifications, Surgical Interventions
3) By Application: Hemorrhagic Stroke, Ischemic Stroke
Subsegments:
1) By Diagnostics: Imaging Techniques, Blood Tests And Biomarker Analysis, Ultrasound Imaging, Neuroimaging Devices, Stroke Risk Assessment Tools
2) By Therapeutics: Thrombolytic Medications, Antiplatelet Agents, Anticoagulants, Surgical Interventions, Rehabilitation Devices And Therapy Solutions, Neuromodulation Therapies
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Which Region Dominates the Stroke Diagnostic And Therapeutic Market?
North America was the largest region in the stroke diagnostic and therapeutic market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the stroke diagnostic and therapeutic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Stroke Diagnostic And Therapeutic Global Market Report?
- Market Size Analysis: Analyze the stroke diagnostic and therapeutic Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the stroke diagnostic and therapeutic market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall stroke diagnostic and therapeutic market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the stroke diagnostic and therapeutic market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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