Stroke Diagnostics And Therapeutics Market Growth Analysis and Opportunity Assessment Up to 2025
Seattle, WA -- (SBWIRE) -- 11/29/2019 -- Stroke is a medical condition caused due to a poor flow of blood to the brain. They are classified into ischemic and hemorrhagic, ischemic occur due to lack of supply of blood and hemorrhagic occur due to bleeding, in both cases brain does not work properly. Inability to move or feel on one side of the body, problems in speaking or understanding, dizziness, or loss of vision to one side are some of the symptoms of a stroke. It is one of the major causes of death and mostly occurs in the old age population. However, with the advancement in medical science, there are various treatments available to prevent deaths from strokes.
Rising cases of hypertension, atrial fibrillation, and coronary heart diseases leading to the increasing rate of stroke, which is expected to fuel the market growth of stroke diagnostics and therapeutics. According to the World Health Organization, 15 million people suffer strokes worldwide each year. Of these, 5 million dies and another 5 million are permanently disabled. Moreover, high blood pressure contributes to more than 12.7 million strokes worldwide.
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From the geographical perspective, North America is expected to gain significant growth over the forecast period and this can be attributed to the rising number of stroke-related death cases in the region. According to the WHO, stroke is the third leading cause of death in the United States. More than 140,000 people die each year from stroke in the United States. Moreover, rising spending by the U.S government in the healthcare sector for improving the facilities and reducing the fatalities rate is further expected to boost the regional market growth. According to the report published by Research America, Investment in medical and health research and development (R&D) in the U.S. grew by 13.3% from 2013 to 2015. The industry invested more than any other sector, representing 64.7% of total spending in 2015, followed by the federal government at 22.6%.
-- In July 2019, MedCity and Stroke Association have entered into a collaboration to identify and support the development of digital health therapeutics and medical devices for patients living with the long-term health impact of stroke.
-- In May 2017, Brainomix and Boehringer Ingelheim collaborated for developing new technology that could dramatically shorten the diagnosis time of stroke patients. Brainomix team developed the rapid digital analysis of scans of patients admitted to the hospital with a stroke. The e-ASPECTS software acts as a standardized and rapid second-opinion tool that assists physicians on-site to choose an appropriate treatment based on the magnitude and nature of the brain damage.
-- In December 2016, researchers in Europe develop a new hybrid device that combines different imaging technologies and help stroke patients in particular to receive quicker diagnosis and treatment. The project "Predictive Prevention and Personalized Interventional Stroke Therapy - P3 Stroke" is being undertaken by the University of Erlangen-Nuremberg (FAU), in collaboration with Siemens Healthcare GmbH, Universitätsklinikum Erlangen and other European partners.
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Boston Scientific Corporation
Koninklijke Philips N.V
Merck & Co.,Inc
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Key questions answered in the report:
-- How does the demand for Stroke Diagnostics And Therapeutics in developing regions differ from developed countries?
-- How is the competition between the major global and prominent local players in this market?
-- Which are the high growth market segments in terms of product types, end users, regions, and countries?
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