Stroke Post Processing Software Market Size, Trends and Growth Analysis by Installation (Desktops, Mobile Phones and Tablets), Modality (CT Scan and MRI), Type (Ischemic Stroke, Hemorrhagic Stroke), Key Players and Region, Forecast to 2024
Stroke Post Processing Software Market Highlights
The Global Stroke Post Processing Software Market size was value of USD 898.87 Million in 2018 and is projected to reach USD 1,294.24 million at a CAGR of 6.48% during the forecast period (2019-2024). A stroke can be defined as the lack of blood flow to brain tissues and can occur in any vascular structure within the brain.
The collaborations between start-up companies & big market players in the industry, increasing burden of ischemic strokes, and growth in the geriatric population are likely to contribute to the growth of the stroke post processing software market during the assessment period. For instance, in January 2019, iSchemaView and NeuroLogica, a subsidiary of Samsung Electronics Co., Ltd and leader in medical imaging technology, collaborated to integrate iSchemaView’s RAPID cerebrovascular imaging platform with NeuroLogica’s portable CereTom CT scanners for use in MSUs and ICUs across the globe. However, stringent regulatory policies is likely to restrain the market growth during the forecast period.
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Stroke Post Processing Software Market Segmentation:
The global stroke post processing software market, by installation, has been segmented into the desktop, mobile phones, and tablets. By modality, the market has been segregated into CT Scan and MRI. Based on type, the market has been divided into the ischemic stroke, hemorrhagic stroke, and others. On the basis of the end user, the global stroke post processing software market has been classified as hospitals & clinics, specialty centers, and others. The hospitals and clinics segment accounted for a value of USD 479.89 million in 2018.
Stroke Post Processing Software Market Regional Analysis:
Geographically, the global stroke post processing software market has been categorized as Europe, the Americas, Asia-Pacific, and the Middle East & Africa. Europe is expected to hold the largest share of the global stroke post processing software market. This is due to the presence of a well-developed healthcare infrastructure.
Moreover, European companies offering stroke post processing software are getting involved in collaborations, mergers, and product launches to gain substantial market share, which in turn is positively affecting market growth. Americas showed a considerable amount of growth in the market due to the presence of an established healthcare system and two major stroke post processing software companies in the US, namely Viz.ai, Inc. and iSchemaView, Inc.
Asia-Pacific is estimated to be the fastest-growing region in the global market due to the presence of some rapidly developing economies. Also, the availability of scientific expertise in Asia-Pacific is likely to contribute to market growth. The large patient pool for heart diseases in Asia-Pacific creates additional opportunities for market growth. Japan held a share of 28.5% in the Asia-Pacific stroke post processing software market in 2018. Also, the market in the Middle East & Africa is expected to demonstrate slow growth.
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Stroke Post Processing Software Market Players:
Market Research Future (MRFR) recognizes the following companies as key players in the global stroke post processing software market that include Brainomix (UK), Viz.ai, Inc. (US), iSchemaView, Inc. (US), General Electric Company (US), Koninklijke Philips NV (Netherlands), and Siemens (Germany).
Key Findings of the Study:
The Global Stroke Post Processing Software Market is projected to reach USD 1,294.24 million by 2024 at a CAGR of 6.48% during the review period from 2019 to 2024.
Europe accounted for the largest share of the global market due to the focus of major players in the region.
The hospitals & clinics segment accounted for the largest end user segment, with a revenue of USD 89 million in 2018.
This research report provides insights, on various levels of analysis, such as industry analysis, market share analysis, leading market players, and their profiles. This report also helps in studying the target segments by providing views on emerging and high-growth segments and market conclusion. Together the market data comprises and discusses basic assessments on the competitive scenarios and strategies of the global stroke post processing software market, including the high-growth regions and their political, economic, and technological environments. Furthermore, the project report also provides views over historical market values as well as pricing and cost analysis of the same.
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