United States, Rockville MD, July 28, 2022 (GLOBE NEWSWIRE) -- Fact.MR – A Market Research and Competitive Intelligence Provider: The global stroke post processing software market is currently valued at US $ 178 Million. This is expected to witness a CAGR of 8.9% during the forecast period and is expected to reach a market value of US $ 417.53 Million by 2032.
As per world stroke organization, from 1990 to 2019, the number of cases of stroke has increased substantially, and moreover, estimated cost of stroke globally is over US $ 721 Billon. Higher costs associated with treatment of strokes is expected to provide growth opportunities for software manufacturers in the industry.
The need for early detection and cure of stroke has boosted the adoption of artificial intelligence in stroke care market. This technology has proved to be effective in identifying candidates and is expected to boost the growth of the market.
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During the Covid-19 pandemic, growth of the market slowed down as the bulk of all hospital-based treatments were focused on coronavirus infected patients. But now again the need for stroke processing software has increased.
Increasing global burden of strokes is providing growth opportunities as importance of providing advanced stroke care treatment and management has enhanced in last few years.
In addition to this, governments and health care organizations in various countries across the globe have been investing in stroke management. This has led to rise in deployment of stroke post processing software in various healthcare settings.
Key Takeaways:
- North America has dominated the market and it has occupied around 47% of the market share of the global market. In the meanwhile, Asia Pacific is expected to witness a rapid growth of 9.3% CAGR during the forecast period.
- By installation method, desktop-mounted stroke post processing software is likely to occupy 62% of the market revenue in 2022. Moreover, mobile and tablet based software is gaining traction and is expected to witness a CAGR of 8.7% through 2032.
- By end user, hospitals and clinics are expected to occupy around 75% of the market share. Rapid number of stroke post processing software is adopted in hospitals and clinics.
Growth Drivers:
- Ischemic strokes are expected to generate maximum revenue during the forecast period. Moreover, this is expected to occupy a share of 83% of the global market. A rapid episode of brain damage due to disruption in blood supply is pushing patients to seek medical help. These factors ultimately act as drivers for the market growth.
- Rapid adoption of artificial intelligence and machine learning is also expected to push service providers to focus on advanced software’s. Moreover, market is expected to witness 2.3X growth during forecast period.
- High degree of imaging accuracy is attributed as the growth driver for the market.
Restraints:
- Covid-19 pandemic had acted as a barrier to the growth of the market as most of the hospital-based treatments were more focused towards curing coronavirus infected patients.
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Competitive Landscape:
The market for stroke post processing software is highly consolidated, with the presence of very few players. Many of these key players are investing in research & development and providing growth opportunities. For instance:
- In 2020, Stroke International Tho General Hospital partnered with Siemens Healthineers to a new system (Magnetom Lumina 3T MRI system). This system helps to detect tumors and also helps in scanning procedures.
Key Companies Profiled by Fact.MR
- Siemens Healthineers
- General Electric Company
- Brainomix Limited
- iSchemaView
- Viz.ai Inc.
Segmentation of Stroke Post Processing Software Industry Research
- By Installation
- Desktop-based Stroke Post Processing Software
- Mobile Phones & Tablet-based Stroke Post Processing Software
- By Modality
- CT Scan-based Stroke Post Processing Software
- MRI-based Stroke Post Processing Software
- By Software Type
- Stroke Post Processing Software for Ischemic Stroke
- Stroke Post Processing Software for Hemorrhagic Stroke
- Stroke Post Processing Software for Other Diseases
- By End Use
- Stroke Post Processing Software for Hospitals & Clinics
- Stroke Post Processing Software for Specialty Centers & Others
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global Stroke Post Processing Software Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by Installation (Desktop-based, Mobile Phones & Tablet-based), by Modality (CT Scan-based, MRI-based), by Software Type (Ischemic Stroke, Hemorrhagic Stroke), by End Use & Regional Forecast 2022-2032
Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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