Stroke Diagnostics and Therapeutics Market 2023
The study of market analysis of Stroke Diagnostics and Therapeutics Market focuses on the key elements and the market dynamics of a specific market within that industry. Stroke Diagnostics and Therapeutics Market study is an essential part of the industry analysis that focuses on the aspects associated with the SWOT analysis. The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company.
Stroke refers to the brain attack. Stroke occurs when the supply of blood to the brain is either interrupted or reduced. In this condition, the brain does not get enough oxygen or nutrients which cause the brain cells to die. Increasing number of patients at risk of developing stroke is one of the major factors driving growth of the stroke diagnostics and therapeutics market. According to the National Stroke Association, stroke is the fifth leading cause of death in America and a leading cause of adult disability. Stroke can happen to anyone anytime. The types of stroke include ischemic, hemorrhagic, and transient ischemic attacks (TIAs). Ischemic strokes are caused due to blocked or narrowed arteries that connect to the brain, which results in reduced blood flow in these arteries.Hemorrhagic stroke is caused on account of the arteries in the brain either leaking blood or bursting open. In the TIAs, the flow of blood to the brain is only disrupted temporarily for a short period of time.
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The global stroke diagnostics and therapeutics market is categorized based on type and application. Based on type, the report covers diagnostics and therapeutics. The diagnostics segment is further segmented into: computed tomography scan (CT scan), magnetic resonance imaging (MRI), carotid ultrasound, cerebral angiography, electrocardiography, echocardiography, and others. The therapeutics segment is further divided into: tissue plasminogen activator, antihypertensive, antiplatelet, and anticoagulant. Based on application, the market is segmented into ischemic stroke and haemorrhagic stroke.
North America has the largest market for stroke diagnostics and therapeutics followed by Europe. This is due to the increasing number of patients at the risk of developing stroke, technologically advanced equipment for the diagnosis and treatment of stroke, rise in research and development activities, increasing awareness among people about the causes of stroke, and improved healthcare infrastructure in the region. The stroke diagnostics and therapeutics market in Asia is expected to experience high growth rate in the next few years.
This is due to growing aging population, evolving R&D activities for drug discovery and development, increasing government support in the form of funding, growing awareness about stroke and its causes, and developing healthcare infrastructure in the region. In addition, growing demographics and economies in the developing countries such as India, China, and Japan are expected to lead growth in the stroke diagnostics and therapeutics market in Asia.