Acute Ischemic Stroke (AIS) Market Outlook, Trends And Future Opportunities (2024-2031)

Acute Ischemic Stroke (AIS) Market is Forecasted to Hit US$ 16,470 Mn By 2031 | CAGR 8.7%

  • Date: 15 Apr, 2024
  • Author(s): Sagar Karlekar

Global Acute Ischemic Stroke (AIS) Market is expected to reach US$ 16,470 Mn in 2031 with a growth rate of 8.7%. The Acute Ischemic Stroke (AIS) market falls under the medical devices and pharmaceuticals industry, as it encompasses a range of treatment options, including clot-busting drugs (thrombolytics), mechanical thrombectomy devices to remove blood clots, and anticoagulant medications to prevent further clots.

The key drivers of the AIS market include the rising prevalence of stroke and the growing geriatric population. The global stroke incidence has increased by around 70% in the past few decades, with AIS accounting for 87% of all stroke cases. The elderly population is more susceptible to stroke, and this demographic is growing rapidly worldwide, fueling the demand for effective AIS treatment solutions.

Advancements in stroke diagnostics through techniques like CT perfusion and MRI have also played a significant role in driving the AIS market. These improved diagnostic capabilities have enabled faster and more accurate identification of AIS, leading to timely intervention and better patient outcomes.

Market Growth, Market Dynamics, and Market Opportunity Assessment:

The Acute Ischemic Stroke (AIS) market is expected to experience robust growth in the coming years, driven by the increasing burden of stroke, the growing geriatric population, and the continued advancements in treatment technologies. The market's expansion is further supported by the rising awareness about the importance of prompt stroke recognition and treatment, as well as the integration of digital health solutions, such as AI and machine learning, into stroke care.

One of the key opportunities in the AIS market lies in the expansion into emerging economies. Countries in the Asia-Pacific, Latin American, and Middle Eastern regions are witnessing a rise in the incidence of stroke, driven by factors such as the aging population, the prevalence of risk factors, and the limited access to comprehensive stroke care. By investing in the expansion of stroke care networks, enhancing diagnostic capabilities, and introducing innovative AIS treatment options, market players can tap into these underserved regions and capture a larger share of the global AIS market.

Another significant opportunity is the integration of digital health technologies, which have the potential to revolutionize AIS management. The development of AI-powered decision support systems and digital health platforms can assist healthcare providers in optimizing stroke care, leading to faster diagnosis, personalized treatment selection, and improved prediction of patient outcomes, ultimately driving the adoption of AIS therapies.

The Acute Ischemic Stroke (AIS) market falls under the medical devices and pharmaceuticals industry. AIS is a type of stroke that occurs when a blood clot blocks an artery in the brain, cutting off the blood supply and oxygen to that part of the brain. This can lead to brain damage and disability if not treated quickly. The main treatments for AIS include clot-busting drugs (thrombolytics), mechanical thrombectomy devices to remove the clot, and anticoagulant medications to prevent further clots.

Key Report Insights:

  • Major Market Driver: Rising prevalence of stroke and growing geriatric population. The global stroke incidence has increased by around 70% in the past few decades, with AIS accounting for 87% of all stroke cases. The elderly population is more susceptible to stroke, and this demographic is growing rapidly worldwide.
  • Company Activity: Major players are focused on R&D of innovative stroke treatment devices and thrombolytics. For example, Stryker Corporation has developed the Trevo Retriever, a mechanical thrombectomy device, and Pfizer/Boehringer Ingelheim have the anticoagulant drug Pradaxa in their pipeline for AIS.
  • Advancements: Improved stroke diagnostics through advanced neuroimaging techniques like CT perfusion and MRI have enabled faster and more accurate identification of AIS. Medical technology advancements, such as the development of new-generation thrombectomy devices, have also enhanced AIS treatment.
  • Upcoming Trend: Increasing use of artificial intelligence and machine learning in stroke care, such as for faster diagnosis, optimized treatment selection, and prediction of patient outcomes.

Market Drivers and Trends:

Drivers:

  • Rising Stroke Incidence: The global stroke incidence has increased by around 70% in the past few decades, with AIS accounting for 87% of all stroke cases. This growing burden of stroke is a significant driver for the AIS market, as it fuels the demand for effective treatment solutions.
  • Advancements in Stroke Diagnostics: Improved neuroimaging techniques, such as CT perfusion and MRI, have enabled faster and more accurate identification of AIS, allowing for timely intervention and contributing to the growth of the market.

Trends:

  • Shift Towards Minimally Invasive Interventions: The AIS market has witnessed a significant shift towards the adoption of minimally invasive treatment approaches, such as mechanical thrombectomy, which offer faster restoration of blood flow, reduced risk of complications, and improved patient outcomes.
  • Increasing Focus on Stroke Prevention and Risk Factor Management: Healthcare providers and public health authorities are emphasizing the need for comprehensive stroke care, which includes the implementation of primary and secondary prevention strategies, addressing the underlying risk factors for stroke.

Market Opportunity:

The expansion into emerging markets, particularly in the Asia-Pacific, Latin American, and Middle Eastern regions, presents a significant opportunity for the AIS market. These regions are experiencing a rise in stroke incidence, driven by factors such as the aging population and the limited access to comprehensive stroke care, offering untapped potential for market growth.

Key Regional Insights

Largest Region: North America, Market share: 40.2% The North American region is the largest market for Acute Ischemic Stroke (AIS), driven by the high prevalence of stroke, the well-established healthcare infrastructure, and the presence of key market players, such as Medtronic, Johnson & Johnson, and Stryker Corporation. The region's strong focus on stroke prevention and the adoption of advanced treatment technologies have been instrumental in driving the growth of the AIS market in North America.

Second Largest Region: Europe, Market share: 30.4% Europe is the second-largest market for Acute Ischemic Stroke (AIS), with a market share of 30.4%. The growth in this region is attributed to the aging population, the increasing incidence of stroke, and the growing adoption of minimally invasive stroke interventions. Key players with a strong presence in the European AIS market include Koninklijke Philips N.V., Terumo Corporation, and Bayer AG.

Prominent Companies:

  • Medtronic plc
  • Stryker Corporation
  • Johnson & Johnson
  • Penumbra, Inc.
  • Terumo Corporation

These leading companies are actively driving innovation in the Acute Ischemic Stroke (AIS) market through the development of advanced medical devices, such as mechanical thrombectomy systems, and the introduction of novel pharmaceutical treatments. Their strong market presence and focus on R&D have been instrumental in shaping the growth of the AIS market globally.

Market Segmentation:

  • By Product Type
    • Thrombectomy Devices
    • Thrombolytics
    • Anticoagulants
    • Antiplatelets
    • Others (e.g., neuroprotective agents, stem cell therapies)
  • By End-User
    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Clinics
    • Emergency Medical Services
    • Others (e.g., home care settings)
  • By Stroke Type
    • Ischemic Stroke
    • Hemorrhagic Stroke
    • Transient Ischemic Attack (TIA)
  • By Patient Age
    • Geriatric (65 years and above)
    • Adult (18-64 years)
    • Pediatric (0-17 years)
  • By Treatment Approach
    • Thrombolytic Therapy
    • Mechanical Thrombectomy
    • Combination Therapy
    • Conservative Management
    • Others (e.g., surgery, neuroprotection)
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East, and Africa

Definition:

“The Acute Ischemic Stroke (AIS) market refers to the industry focused on the development, manufacture, and distribution of products and services related to the treatment of a specific type of stroke. AIS occurs when a blood clot blocks an artery in the brain, cutting off the blood supply and causing damage to that part of the brain. This can lead to serious health issues like paralysis, speech problems, and even death if not treated quickly. The AIS market encompasses various treatment options, such as clot-busting drugs, mechanical devices to remove the clot, and medications to prevent further clots. The growth of this market is driven by the rising incidence of strokes globally, particularly among the aging population, as well as advancements in diagnostic technologies and treatment approaches that are improving patient outcomes.”

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