
The global Acute Ischemic Stroke (AIS) Market is estimated to be valued at US$ 8,517.0 Million in 2021 and is expected to exhibit a CAGR of 4.0% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Acute Ischemic Stroke (AIS) Market refers to the market for drugs and devices used in the treatment of acute ischemic stroke, which is caused by a sudden blockage of blood flow to the brain. This market offers various products such as thrombolytic drugs, clot retrieval devices, and neuroprotective agents. These products provide crucial advantages in treating acute ischemic stroke, such as improving blood flow and reducing the risk of disability or death. With the increasing prevalence of stroke worldwide, the demand for effective treatments for AIS is growing rapidly.
Market Key Trends:
One key trend in the Acute Ischemic Stroke (AIS) Market is the development of advanced neuroprotective agents. These agents are designed to protect brain tissues from damage caused by stroke and prevent further neurological deterioration. They work by inhibiting inflammatory processes, reducing oxidative stress, and promoting cell survival. The development of novel neuroprotective agents is a significant trend in the market, as they have the potential to improve patient outcomes and reduce the long-term disability associated with acute ischemic stroke.
PEST Analysis
Political: The political factors influencing the acute ischemic stroke (AIS) market include government regulations, healthcare policies, and funding for research and development. Governments play a crucial role in shaping the healthcare landscape and policies related to stroke prevention, treatment, and rehabilitation. For example, government initiatives to improve stroke awareness and provide affordable access to stroke care can positively impact the market.
Economic: The economic factors impacting the AIS market include healthcare expenditure, insurance coverage, and the overall economic condition of countries. As the prevalence of stroke continues to rise globally, healthcare expenditure is expected to increase, driving the demand for AIS treatments. Economic growth and development can also lead to improved healthcare infrastructure and affordability, further driving market growth.
Social: The social factors influencing the AIS market include demographic trends, lifestyle choices, and public awareness of stroke prevention and treatment. Aging populations, unhealthy lifestyles, and an increase in risk factors such as diabetes and hypertension contribute to the rising prevalence of stroke. However, increasing awareness of stroke symptoms and the importance of early intervention can drive the demand for AIS treatments.
Technological: The technological factors impacting the AIS market include advancements in diagnostic tools, medical devices, and telemedicine solutions. Continuous research and development in stroke treatment options, such as thrombectomy devices and clot-busting drugs, are driving advancements in the field. Moreover, the integration of technology into stroke care, such as remote monitoring and tele-rehabilitation, is transforming post-stroke patient management.
Key Takeaways
The Global Acute Ischemic Stroke (AIS) Market Demand is expected to witness high growth, exhibiting a CAGR of 4.0% over the forecast period of 2021-2028. This growth can be attributed to several factors, including the increasing prevalence of stroke, government initiatives to improve stroke care, and advancements in stroke treatment technologies.
In terms of regional analysis, North America is projected to be the fastest-growing and dominating region in the AIS market. The region's well-established healthcare infrastructure, high healthcare expenditure, growing geriatric population, and favorable government healthcare policies contribute to its market dominance.
Key players operating in the AIS market include F. Hoffmann-La Roche AG, Boehringer Ingelheim, Bayer AG, Pfizer Inc., Biogen, Daiichi Sankyo, Bristol-Myers Squibb, Johnson & Johnson, AstraZeneca, SanBio, and Athersys Inc. These companies are actively involved in research and development activities, strategic collaborations, and product launches to gain a competitive edge in the market.
In conclusion, the global AIS market is expected to have significant growth potential fueled by political initiatives, economic factors, societal changes, and technological advancements. The dominance of North America and the presence of key players further contribute to the market's growth and competitiveness.