The global stroke post processing software market size was valued at USD 140.1 million in 2021, and is predicted to be worth around USD 330.1 million by 2030, registering a CAGR of 8.1% during the forecast period 2022 to 2030.
Growth Factors:
Stroke post processing software empowers physicians to make faster decisions related to stroke patients. The AI-powered software solutions enable earlier patient transfer processes. The adoption of AI-based stroke management solutions achieves better stroke treatment outcomes.
The growing use of artificial intelligence for the diagnosis and treatment of strokes is likely to bode well for the market. The development of newer solutions catering to patient data processing is likely to contribute to the market growth. The processed patient data can focus on a specific set of people at risk of developing diseases by identifying a disease pattern from the personalized data. Furthermore, the market players including the start-ups are relying on the implementation of strategies to attract investors. The market players can increase their outreach in developing countries by offering viable healthcare solutions, providing easier access to their products and services, and reducing digital challenges.
Report Coverage
By Installation Analysis
The desktop segment dominated the market for stroke post processing software and held a revenue share of over 60.0%. This can be attributed to quick accessibility, higher flexibility, easier data backup, and lower costs.
The real-time tracking and storing of data, large storage space to store massive data, and remote access to other devices are likely to support the growth of the segment. Based on the installation, the market is segmented into desktops and mobile phones & tablets.
The mobile phones and tablets segment is anticipated to register the fastest growth rate from 2022 to 2030. Mobile phones and tablets offer innovative features such as access from any location, easy retrieval of patient data, and better data security and privacy.
The mobile phones and tablets segment is anticipated to register the fastest growth rate from 2022 to 2030. Mobile phones and tablets offer innovative features such as access from any location, easy retrieval of patient data, and better data security and privacy.
By Modality Analysis
The MRI segment dominated the market with a revenue share of over 70.0% in 2021 and is expected to witness the fastest growth from 2022 to 2030. A stroke is a weakening condition that negatively alters a patient’s quality of life, especially if left untreated at the earliest.
MRI testing offers a clear view of the head, including the tissue and blood vessels. An MRI reveals any changes in the brain by using magnetic fields and radiofrequency pulses. Based on modality, the market is segmented into CT scan and MRI.
CT scan takes several hours to reveal any blockages of blood flow. However, an MRI uncovers any brain damage within an hour of the onset of the stroke symptoms. In addition, MRIs are more accurate than CT scans as they are more sensitive.
By Type Analysis
The ischemic stroke segment held the largest revenue share of over 85.0% and is likely to register the fastest CAGR during the forecast period. When blood flow to a portion of the brain is disrupted due to a damaged or clogged blood artery, a stroke ensues. Strokes can be hemorrhagic or ischemic in nature.
The kind of stroke determines the treatment. A head CT scan or an MRI can be used by doctors to determine the patient's condition. Based on type, the market is segmented into - ischemic stroke, hemorrhagic stroke, and others.
A stroke occurs when the blood supply to the brain is disturbed suddenly. Ischemic stroke occurs when the blood supply to the brain tissues is limited, resulting in less oxygen. On the other hand, hemorrhagic stroke occurs when a blood vessel bursts and bleeds.
By End-use Analysis
The hospitals and clinics segment dominated the market for stroke post processing software and captured a revenue share of over 75.0%. The segment is anticipated to expand at the fastest CAGR from 2022 to 2030. Hospitals and clinics are collaborating with key companies in an effort to manage stroke cases better by reducing treatment time.
Apollo Hospitals in India partnered with Medtronic for the integration of AI-based solutions for advanced stroke management in October 2020. The AI solutions offer automated analysis in less than two minutes, enabling faster decision-making in stroke.
By Regional Analysis
North America held the leading share of over 45.0% in terms of revenue due to the factors such as the rising prevalence of stroke cases in the region, immense growth in the patient population, and supportive government investments for the development of better healthcare facilities.
Asia Pacific is anticipated to grow at the fastest rate over the forecast period. This is owing to the rising awareness pertaining to treatment options, growing R&D in manufacturing, and improving healthcare infrastructure with technological advancements.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Some of the prominent players in the Stroke Post Processing Software Market include:
- Brainomix
- Viz.Ai, Inc.
- General Electric Company
- ISchemaView, Inc.
- Siemens
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Market Segmentation
- By Installation
- Desktop
- Mobile Phones & Tablets
- By Modality
- By Type
- Ischemic Stroke
- Hemorrhagic Stroke
- Others
- By End-use
- Hospitals & Clinics
- Specialty Centers & Others
By Geography
North America
Europe
- Germany
- France
- United Kingdom
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Stroke Post Processing Software market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Stroke Post Processing Software market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Stroke Post Processing Software markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Key Points Covered in Stroke Post Processing Software Market Study:
- Growth of Stroke Post Processing Software in 2022
- Market Estimates and Forecasts (2017-2030)
- Brand Share and Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for Stroke Post Processing Software and How to Navigate
- Key Product Innovations and Regulatory Climate
- Stroke Post Processing Software Consumption Analysis
- Stroke Post Processing Software Production Analysis
- Stroke Post Processing Software and Management
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