Global Stroke Diagnostics and Therapeutics Market
is expected to grow at a significant CAGR in the upcoming years as the scope
and its applications are increasing across the globe. A medical condition
wherein the blood supply to the brain is blocked, or a blood vessel within the
brain damages, affecting brain tissue to die is referred as Stroke. It is one
of the major causes for death. In this condition, the brain does not get
adequate amount of oxygen or nutrients, which ultimately leads to death of
brain cells.
Hence, to reduce brain damage
strokes need to be diagnosed and treated as soon as possible. The treatment
majorly depends upon the type of stroke. The factors that propel the growth of
the Stroke Diagnostics and Therapeutics Market include increasing demand, rapid
urbanization & industrialization, and product development &
technological innovations.
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In addition, factors such as
increasing geriatric population, large patient pool and rising incidence of
hypertension, heart diseases, diabetes, etc. On the other hand, there are also
factors that may hamper the growth of the market such as high cost of
treatments and lack of reimbursement policies. Stroke Diagnostics and
Therapeutics Industry is classified on the basis of product type, applications,
end users, distribution channel and geography.
Stroke Diagnostics and
Therapeutics Industry is classified on applications as ischemic stroke,
haemorrhagic stroke, transient ischemic attacks (TIAs), and others. The market
is categorized by end user as hospital, clinic and others. This industry is
segmented by distribution channel as online stores, specialty stores and
others. Stroke Diagnostics and Therapeutics Market is classified based on
geography as North America, Latin America, Western Europe, Eastern Europe, Asia
Pacific, Japan and Middle East and Africa.
Stroke Diagnostics and
Therapeutics Market is segmented by product type as diagnostics, therapeutics
and others. The diagnostics segment is sub classified as Computed Tomography
Scan (CT scan), Carotid Ultrasound, Magnetic Resonance Imaging (MRI), Electrocardiography,
Cerebral Angiography, and others. The therapeutics segment is sub classified as
Antiplatelet, Tissue Plasminogen Activator, Antihypertensive and Anticoagulant.
The North American region
consists of the U.S., and Canada. Latin America region consists of Mexico and
Brazil. The Western European region consists of Germany, Italy, France, England
and Spain. The Eastern European region consists of Poland and Russia. Asia
Pacific region consists of China, India, ASEAN, and Australia & New Zealand.
The Middle East and African region consists of GCC, South Africa and North
Africa.
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By geography, North America is
projected to hold a large share in the Stroke Diagnostics and Therapeutics
Industry. The key factors that attribute to the growth of this region include
increasing demand, well developed healthcare infrastructure & facilities,
technological innovations and growing awareness among people.
On the other hand, Asia Pacific
is expected to show fast growth rates in the Stroke Diagnostics and
Therapeutics Market. Some of the key players that fuel the growth of the market
include Abbott Laboratories, Boston Scientific Corporation, Genentech,
Koninklijke Philips N.V, Medtronic plc, Cordis Corporation, Siemens AG, Merck
& Co. Inc., GE Healthcare, Stryker Corporation, and others. The key players
are focusing on inorganic growth to sustain themselves amidst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
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