Acute Ischemic Stroke Diagnosis Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.20 Billion |
| Market Size (2029) | USD 3.14 Billion |
| CAGR (2024 - 2029) | 7.38 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Acute Ischemic Stroke Diagnosis Market Analysis
The Acute Ischemic Stroke Diagnosis Market size is estimated at USD 2.20 billion in 2024, and is expected to reach USD 3.14 billion by 2029, growing at a CAGR of 7.38% during the forecast period (2024-2029).
The acute ischemic stroke diagnostics market is anticipated to have been significantly impacted by the outbreak of the COVID-19 pandemic, as most of the medical procedures were deferred to contain the spread of SARS-Cov2 viral transmission. According to the research article published in the Journal of Cardiothoracic Surgery in March 2021 by Julie Sanders, cardiac surgery reduced by 50-75% during the pandemic, with a50% reduction in dedicated cardiac theater rooms and ICU beds in the United Kingdom. Additionally, as per the study results published in the journal of Annals of Thoracic Surgery, in July 2021, "The Effect of COVID-19 on Adult Cardiac Surgery in the United States in 717 103 Patients," an estimated 53% decrease in the total cardiac surgery volume was observed in the United States in 2020 as compared to 2019, which was majorly attributed to the impact of COVID-19 pandemic.
The rising prevalence of acute ischemic stroke cases is driving the global demand for both diagnostic and surgical procedures in acute stroke treatment. Cardiovascular diseases (CVDs) are the leading cause of death worldwide, according to World Health Organization (WHO) statistics for June 2021. It also states that an estimated 17.9 million people died from cardiovascular diseases in 2019, accounting for 32% of all global deaths. 85 % of these deaths were caused by a heart attack or a stroke. According to the same source, non-communicable diseases are responsible for 17 million premature deaths (under the age of 70) in 2019, with cardiovascular diseases accounting for 38% of these deaths.
Technological advancements in surgical procedures, a rising aging population, increased demand for minimally invasive procedures, and growth in health care spending are the other major factors driving the growth of the global acute ischemic stroke diagnosis and treatment market. As per the data reported by the American College of Cardiology, in November 2020, approximately 1.2 million angioplasties were performed in a year in the United States. Moreover, the high accessibility and affordability of hospitals, as compared to the specialty clinics, are expected to attract a large patient population.
Excessive usage of medication for the treatment of ischemic stroke and the high cost of surgical procedures are hindering the growth of the market. However, stringent regulatory policies are expected to restrict the market growth.
Acute Ischemic Stroke Diagnosis Market Trends
This section covers the major market trends shaping the Acute Ischemic Stroke Diagnosis Market according to our research experts:
The Computed Tomography (CT) Segment Led the Global Market Over the Forecast Period
Imaging studies are used in ischemic diagnosis for the detection of hemorrhage in acute stroke patients in order to assess the degree of brain injury and to identify the vascular lesion responsible for the ischemic deficit.
Some advanced CT and MRI technologies are able to distinguish between brain tissue that is irreversibly infarcted and that which is potentially salvageable, thereby allowing a better selection of patients likely to benefit from therapy.
Computed tomography is the leading diagnostics segment. The significant share of CT techniques is attributable to widespread access and speed of acquisition. In the hyperacute phase, a non-contrast CT (NCCT) scan is usually ordered to exclude or confirm hemorrhage; it is highly sensitive for this indication.
Additionally, new product launches and approval will push the market to grow to new heights. For instance, in May 2021, Philips Healthcare received approval from the United States Food and Drug Administration (USFDA) for the computed tomography system, the Spectral CT 7500, which uses intelligent software to deliver high-quality spectral images on every scan 100% of the time without the need for special protocols.
Thus, the aforementioned factors such as technological advancement and product launch are expected to boost the segment over the forecast period.
North America Holds the Large Market Share in the Market Over the Forecast Period
North America dominates the market for acute ischemic stroke diagnosis devices, and it is estimated to continue its stronghold in the market, owing to favorable government initiatives, technological innovations, and increasing demand for ischemic stroke products. Furthermore, key players operating in the market are focusing on the adoption of inorganic growth strategies such as acquisition and agreements in order to expand their product portfolio and presence in the global acute ischemic stroke (AIS) market. For instance, in November 2020, AstraZeneca, a global, science-led biopharmaceutical company, announced the launch of the product Brilinta (an oral, reversible, direct-acting P2Y12 receptor antagonist), which is used to reduce the risk of stroke, a leading global cause of disability and death, in patients with acute ischemic stroke or high-risk transient ischemic attack (TIA).
Additionally, the increasing prevalence of stroke across North America drives market growth. According to the American Heart Association 2022, in the United States in 2019, cardiovascular disease (CVD) was recognized as the underlying cause of mortality, accounting for 874,613 fatalities. Additionally, according to the article published in the American Heart Association Journal in May 2021, by Dawn O. Kleindorfer, in the United States, 795 000 people have a stroke each year, with 87% (690 000) being ischemic and 185 000 being recurrent. Each year, over 240,000 people suffer from a transient ischemic attack (TIA). Thus, the increasing prevalence of cardiovascular diseases and stroke in the country is expected to boost the acute ischemic stroke diagnosis market.
Thus, the aforementioned factors are expected to boost the market over the forecast period in North America.
Acute Ischemic Stroke Diagnosis Industry Overview
The leading vendors of acute ischemic stroke diagnosis 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. Major players operating in the global acute ischemic stroke diagnosis market include Fujifilm Holdings Corporation, Samsung Electronics Co. Ltd, GE Healthcare, Nihon, Kohden Corporation, Canon Medical Systems Corporation, and Koninklijke Philips NV.
Acute Ischemic Stroke Diagnosis Market Leaders
Fujifilm Holdings Corporation
Samsung Electronics Co. Ltd
Ge Healthcare
Koninklijke Philips NV
Siemens Healthcare
*Disclaimer: Major Players sorted in no particular order
Acute Ischemic Stroke Diagnosis Market News
- In February 2022, CERENOVUS, one of the emerging leaders in neurovascular care and part of Johnson and Johnson Medical Devices Companies, launched EMBOGUARD, a next-generation balloon guide catheter to be used in endovascular procedures, including those for patients with acute ischemic stroke.
- In October 2021, Phenox added an extensive technology portfolio with the introduction of the pRESET 6-50 mechanical thrombectomy device for the treatment of acute large vessel occlusive (LVO) stroke.
Acute Ischemic Stroke Diagnosis Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 The Rising Number of Acute Stroke Patients
4.2.2 Technological Innovations in Diagnostic and Surgical Devices
4.3 Market Restraints
4.3.1 Alternative Treatments and High Costs
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 Diagnostic Type
5.1.1 Computed Tomography
5.1.2 Magnetic Resonance Imaging
5.1.3 Carotid Ultrasound
5.1.4 Cerebral Angiography
5.1.5 Electrocardiography
5.1.6 Echocardiography
5.1.7 Other Diagnostic Types
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 South Korea
5.2.3.6 Rest of Asia-Pacific
5.2.4 Middle-East and Africa
5.2.4.1 GCC
5.2.4.2 South Africa
5.2.4.3 Rest of Middle-East and Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Fujifilm Holdings Corporation
6.1.2 Samsung Electronics Co. Ltd
6.1.3 GE Healthcare
6.1.4 Nihon Kohden Corporation
6.1.5 Canon Medical Systems Corporation
6.1.6 Koninklijke Philips NV
6.1.7 Siemens Healthineers AG
6.1.8 Mindray Medical International Limited
6.1.9 Nanavati Super Speciality Hospital
6.1.10 F. Hoffmann-La Roche AG
6.1.11 Boehringer Ingelheim
6.1.12 Global Diagnostics (Integral Diagnostics Group)
6.1.13 Memorial Health System (Memorial Medical Center)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Acute Ischemic Stroke Diagnosis Industry Segmentation
As per the scope of the report, stroke occurs when blood flow to a part of the brain is interrupted as a result of a broken or blocked blood vessel. An ischemic stroke occurs when a blood vessel carrying blood to the brain is blocked or restricted by severely narrowed arteries or blood clots. The acute ischemic diagnosis included equipment/services that are involved in the diagnosis of acute ischemic stroke. The acute ischemic stroke diagnosis market is segmented by diagnostics type (computed tomography, magnetic resonance imaging, carotid ultrasound, cerebral angiography, electrocardiography, echocardiography, and other diagnostics) and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.
| Diagnostic Type | |
| Computed Tomography | |
| Magnetic Resonance Imaging | |
| Carotid Ultrasound | |
| Cerebral Angiography | |
| Electrocardiography | |
| Echocardiography | |
| Other Diagnostic Types |
| Geography | ||||||||
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Acute Ischemic Stroke Diagnosis Market Research FAQs
How big is the Acute Ischemic Stroke Diagnosis Market?
The Acute Ischemic Stroke Diagnosis Market size is expected to reach USD 2.20 billion in 2024 and grow at a CAGR of 7.38% to reach USD 3.14 billion by 2029.
What is the current Acute Ischemic Stroke Diagnosis Market size?
In 2024, the Acute Ischemic Stroke Diagnosis Market size is expected to reach USD 2.20 billion.
Who are the key players in Acute Ischemic Stroke Diagnosis Market?
Fujifilm Holdings Corporation , Samsung Electronics Co. Ltd , Ge Healthcare , Koninklijke Philips NV and Siemens Healthcare are the major companies operating in the Acute Ischemic Stroke Diagnosis Market.
Which is the fastest growing region in Acute Ischemic Stroke Diagnosis Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Acute Ischemic Stroke Diagnosis Market?
In 2024, the North America accounts for the largest market share in Acute Ischemic Stroke Diagnosis Market.
What years does this Acute Ischemic Stroke Diagnosis Market cover, and what was the market size in 2023?
In 2023, the Acute Ischemic Stroke Diagnosis Market size was estimated at USD 2.05 billion. The report covers the Acute Ischemic Stroke Diagnosis Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Acute Ischemic Stroke Diagnosis Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Acute Ischemic Stroke Diagnosis Industry Report
Statistics for the 2024 Acute Ischemic Stroke Diagnosis market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Acute Ischemic Stroke Diagnosis analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
