Acute Ischemic Stroke Diagnosis Market Size

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.