Acute ischemic stroke can be defined as loss of function in certain
parts of brain due to lack or disturbance in the blood supply to the
brain. This is usually caused by atherosclerosis plaques blocking
blood vessels, narrowing of blood vessels, or blood clots closing off
blood supply to or from arteries feeding the brain. Technological
advancements in surgical devices coupled with rising prevalence of
acute ischemia stroke cases collectively accentuates the global
demand of surgical procedures in acute stroke treatment. Similarly,
aging population, increased demand for minimally invasive procedures
and rise in healthcare spending has triggered the growth of this
segment market. However, excessive usage of medication for the
treatment of ischemic stroke is anticipated to hinder the global
market growth of surgery for acute stroke. The global acute
ischemic stroke diagnosis and treatment market was valued at USD
1,225.0 million in 2013 and is expected to grow at a CAGR of 6.3%
from 2014 to 2020, to reach an estimated value of USD 1,869.7 million
by 2020.
The global market for acute ischemic stroke diagnosis and treatment
is segmented based on diagnostics type as CT, MRI, ultrasound,
cerebral angiography, nuclear imaging and others. In 2013, CT segment
accounted for the largest market share of the global acute ischemic
stroke diagnosis and treatment market owing to efficient and
effective detection, easy availability and strong demand of CT in the
global market. Moreover, MRI is expected to grow at the highest CAGR
compared with all diagnostic device types during the forecast period
due to its increasing popularity.
In addition, the global market for acute ischemic stroke diagnosis
and treatment is segmented based on surgery types as carotid
endarterectomy, angioplasty and endovascular mechanical thrombectony.
In 2013, carotid endarterectomy accounted for the largest market
share and is expected to grow at the highest CAGR in the global acute
ischemic stroke surgical treatment market owing to high success rate,
easy availability and short treatment duration.
Geographically, North America was the largest market for acute
ischemic stroke diagnosis and treatment in 2013, accounting for the
largest share of the acute ischemic stroke diagnosis and treatment
market and is expected to grow at a highest CAGR from 2014 to 2020.
The acute ischemic stroke diagnosis and treatment market in North
America witnessed significant growth due to increasing demand of
ischemic stroke products and technological innovations. Moreover,
favorable government initiatives have also supported the growth of
the acute ischemic stroke diagnosis and treatment market in this
region. Europe was the second largest market of the global market in
2013. Rising geriatric population in European Union is one of the
major market drivers in this region as geriatric group are more prone
to suffer from stroke.
Get a Sample of
this Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1799
Asia-Pacific was observed to be a promising market for acute ischemic
stroke diagnosis and treatment market during the study period owing
to the increasing prevalence of ischemic stroke cases in this region.
This region accounted for the third largest share of the global
market in 2013 and is estimated to grow at the highest CAGR from 2014
to 2020. Manufacturer of acute ischemic stroke diagnosis and
treatment products are expanding their operations in Asian countries
(India, China, Japan and South Korea) as these economies hold immense
potential for acute ischemic stroke diagnosis and treatment products.
For instance, Medtronic Inc, in 2011, established the R&D
Shanghai innovation center in China. This facility was established to
support further localization in this region. This has helped the
company to promote its neurovascular products in emerging countries.
Major players operating in the global acute ischemic stroke diagnosis
and treatment market includes Covidien plc, Johnson and Johnson,
Stryker Corporation and Abbott Laboratories.
No comments:
Post a Comment