Portland, OR, March 28, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global stroke management market generated $31.7 billion in 2020, and is estimated to generate $67.77 billion by 2030, witnessing a CAGR of 7.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.
Increase in healthcare awareness, surge in number of tobacco users, rise in incidence of diabetes, and growth in the geriatric population drive the growth of the global stroke management market. Furthermore, technological developments in stroke detection and treatment assist the market growth. However, lack of reimbursement policies and high cost of diagnosis & treatment impede the market growth. On the contrary, continued R&D in the field of stroke management is likely to provide significant opportunities for market expansion.
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Impact of COVID-19 on Stroke Management Market-
- During the initial COVID-19 outbreak, there was a decrease in the number of stroke patients’ hospitalizations due to apprehensions about infection during social distancing.
- During the global shutdown, manufacturing plants for devices were shut down. The prolonged lockdown resulted in supply chain disruption and ban on import-export trade activities affected the global stroke management market negatively.
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The report offers detailed segmentation of the global stroke management market based on type, application, and region.
Based on type, the diagnostics segment held the largest share in 2020, accounting for nearly three-fourths of the market, and is expected to lead the market in terms of revenue throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 8.1% from 2021 to 2030. The report also includes an analysis of therapeutics segments.
Based on application, the ischemic stroke segment held the largest share in 2020, accounting for more than four-fifths of the market, and is expected to lead the market in terms of revenue throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 8.0% from 2021 to 2030. The report also includes an analysis of the hemorrhagic stroke segment.
The market across North America held the lion’s share in 2020, accounting for nearly two-fifths of the market, and is anticipated to dominate the market from 2021 to 2030. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 9.1% during the forecast period. The report also includes an analysis of Europe and LAMEA segments.
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The global stroke management market report includes an in-depth analysis of the prime market players such asB Braun Melsungen AG, Bristol-Myers Squibb Company, General Electric Company, Medtronic Plc, Siemens AG, Abbott Laboratories, Boston Scientific Corporation, Cardinal Health Inc., GlaxoSmithKline Plc, and Merck & Co., Inc.
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