Cerebrovascular disease treatment market is expected to grow at a considerable CAGR of 5.9% during the forecast period. The major factors that are augmenting the growth of the cerebrovascular disease treatment market are advancement in technology and increasing prevalence of strokes. Furthermore, expansion and spending on healthcare infrastructure in the emerging economies, favourable medical reimbursements are also estimated to be the major factors that are contributing significantly towards the growth of the market. Above 85.0% of the strokes are of ischemic stroke which makes it most commonly caused due to less blood supply to the brain. In addition to this, several government organizations play an important role in the growth of the market. For instance, in 2016, the Society of Vascular and Interventional Neurology (SVIN) started a health campaign of Mission Thrombectomy 2020 to accelerate the access of stroke treatment globally by doubling the normal rate of treatment by 2020. The stroke diseases require early treatment as it is can be life-threatening due to some delay in treatment.
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However, the lack of awareness among the people, the absence of skilled neurosurgeons and diagnostic centers, and the high cost of cerebrovascular treatment are some of the restraints that can challenge the growth of the market in the forecast period. Conversely, the high growth rate in healthcare infrastructure and the increasing number of research in the field are the opportunities that are expected to fuel the cerebrovascular diseases treatment market.
Cerebrovascular Disease Treatment Market Segmentation
By Type of Stroke
- Surgical Procedure
By End User
- Surgical Clinics
- Research Institutions
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- United States
- Rest of Europe
- South Korea
- Rest of APAC
Rest of the World
- Abbott Laboratories
- Amgen Inc.
- AstraZeneca plc
- Bayer AG
- Boehringer Ingelheim International GmbH
- Bristol-Myers Squibb Co.
- Daiichi Sankyo Co. Ltd.
- Hoffmann-La Roche Ltd.
- Genentech, Inc.
- Johnson & Johnson Services, Inc.
- Medtronic plc
- Merck & Co., Inc.
- Penumbra, Inc.
- Pfizer Inc.
- Sangamo Therapeutics, Inc.
- Sanofi SA
- Siemens Healthineers AG
- Sihuan Pharmaceutical Holdings Group Ltd.
- Takeda Pharmaceutical Co. Ltd.
- United Therapeutics Corp.
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