The Stroke Disorder and Treatment Market Size was valued at USD 20.5 billion in 2022 and is projected to grow from USD 22.11 Billion in 2023 to USD 40.63 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.9% during the forecast period (2023 - 2032).
The global market for stroke disorder and treatment is witnessing substantial growth as the prevalence of strokes continues to rise globally. Factors such as an aging population, sedentary lifestyles, and increasing incidence of risk factors like hypertension contribute to the increasing burden of stroke disorders. This has led to a surge in research and development activities aimed at advancing treatment options and improving patient outcomes.
Ischemic stroke, accounting for the majority of stroke cases, has driven the development of innovative thrombolytic and anticoagulant therapies to dissolve or prevent blood clots. Hemorrhagic stroke, while less common, requires specialized treatments to manage bleeding and minimize damage to the brain.
The Stroke Disorder and Treatment Market is a dynamic and evolving sector focused on addressing the complexities of ischemic and hemorrhagic strokes, two distinct types of stroke disorders. Ischemic stroke occurs when blood flow to the brain is blocked, leading to a lack of oxygen and nutrients. On the other hand, hemorrhagic stroke results from a ruptured blood vessel, causing bleeding within the brain. Both conditions require immediate medical attention and comprehensive treatment strategies.
The market is witnessing a paradigm shift towards personalized medicine, with a focus on precision diagnostics and targeted therapies. Advancements in imaging technologies, such as magnetic resonance imaging (MRI) and computed tomography (CT), enable early and accurate diagnosis, facilitating prompt intervention.
Key players in the stroke disorder and treatment market are investing in research collaborations, clinical trials, and strategic partnerships to bring novel therapies and interventions to market. These initiatives aim to not only enhance patient care but also address the economic and social impact of stroke-related disabilities.
Market Regions
The regional segmentation of global stroke disorder and treatment market cover North America, Europe, and the Asia Pacific. The key players of this market are primarily based in these continents. In other parts of the world, the market for stroke disorder and treatment is limited due to less advanced medical facilities, little investment in health care, lack of awareness about stroke disorder, and poor infrastructure. In North America and Europe, investments in research and development (R & D) and advanced medical facilities boost this market. According to this report, the market in North America is expected to rise and earn maximum revenue by the end of the forecast period. Europe is the second largest market. The Asia Pacific is expected to be the fastest growing market for stroke disorder and treatment because some countries in this region do have advanced medical facilities.
Key Players
The global stroke disorder and treatment companies include AstraZeneca {United Kingdom (UK)}, Bayer Pharma AG (Germany), Daiichi Sankyo (Japan), Novartis AG (Switzerland), and Pfizer {United States of America (US)}.
Market Segmentation
The global stroke disorder and treatment market has been segmented into medicines, treatment, types, and lastly region. Based on medicines, this market has been segmented into anticoagulants, anti-hypertensive, and antiplatelet. Anticoagulants, also called blood thinners, are chemical substances that prevent or reduce coagulation of blood, prolonging the clotting time. Apixaban (Eliquis), dabigatran (Pradaxa), edoxaban (Savaysa), enoxaparin (Lovenox), fondaparinux (Arixtra), heparin, rivaroxaban (Xarelto), and warfarin (Coumadin) are some examples of anticoagulants. Antiplatelet is a member of a class of pharmaceutical drugs that decrease platelet aggregation and inhibit thrombus formation. They are more effective in the arterial circulation compared anticoagulants. Examples of antiplatelet include clopidogrel (Plavix), dipyridamole/aspirin (Aggrenox), eptifibatide (Integrilin), prasugrel (Effient), ticagrelor (Brilinta), and ticlodipine (Ticlid). Antihypertensives are a class of drugs that are used to treat hypertension (high blood pressure). Examples of antihypertensives include benazepril (Lotensin), captopril (Capoten), enalapril (Vasotec), lisinopril (Zestril and Prinivil), perindopril (Aceon), quinapril (Accupril), ramipril (Altace), and trandolapril (Mavik).
Treatment-based segmentation of the market covers tissue plasminogen activator (TPA) and endovascular procedures. TPA is an enzyme involved in the breakdown of blood clots and dissolves them. The endovascular procedure is surgery. Being innovative, it is a less invasive procedure, popularly used for treating problems affecting the blood vessels, such as an aneurysm, which is a swelling or “ballooning” of the blood vessel. By types, the market has been segmented into hemorrhagic strokes and ischemic stroke. The weakened blood vessel leakage is called a hemorrhagic stroke. Its two categories are aneurysms and arteriovenous malformations. Ischemic strokes occur because of an obstruction within a blood vessel supplying blood to the brain.
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