The global Cerebral Infarction Treatment Market experienced robust growth in 2021 and is projected to maintain a rapid revenue compound annual growth rate (CAGR) throughout the foreseeable future. Strokes, commonly referred to as cerebrovascular accidents, are prevalent among patients and contribute significantly to both mortality and morbidity rates. In the United States alone, there are over 795,000 stroke cases annually, with approximately 610,000 being new occurrences or first-time strokes. These factors are pivotal drivers behind the ascending revenue in the cerebral infarction treatment market. Nevertheless, the scarcity of proficient experts and insufficient disease awareness in certain nations pose as primary hindrances to the market's expansion.
Cerebral infarction, also known as ischemic stroke, is characterized by a pathological event leading to necrotic tissue formation within the brain. This condition manifests clinically as an ischemic stroke, stemming from disruptions in blood flow—termed ischemia—and constrained oxygen delivery, often referred to as hypoxia. Thromboembolism primarily triggers these disruptions. The brain undergoes degeneration due to ischemia through a process known as liquefactive necrosis. Symptoms of cerebral infarction encompass headaches, speech difficulties, impaired mobility, and paralysis.
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Numerous Factors Catalyzing Market Growth:
Driving Factors: The cerebral infarction market's revenue surge is bolstered by a multitude of factors. Ischemic strokes, characterized by blockages in brain blood flow, constitute around 87 percent of all stroke cases. Notably, the U.S. incurred over USD 53 billion in stroke-related expenditures between 2017 and 2018, encompassing medical services costs, stroke medications, and lost workdays. Stroke often results in severe long-term impairments, with more than half of stroke survivors aged 65 and above experiencing diminished mobility. The expanding global population is anticipated to fuel market growth, considering that cerebral infarction can affect individuals of all ages, although the risk escalates with age. Surprisingly, 38% of stroke patients hospitalized in 2014 were below 65 years old. Additionally, the escalating instances of cerebral infarction contribute positively to market expansion. If strokes are considered independently from other cardiovascular conditions, they rank as the sixth leading cause of death. The presence of multiple therapeutic options and an upsurge in manufacturer and institution research collaborations act as promising indicators for the sector's advancement, significantly promoting revenue growth in the cerebral infarction treatment market.
Constraining Factors: Multiple factors hamper the cerebral infarction market's growth trajectory. Treatment-associated side effects, notably angioedema induced by alteplase, curtail market revenue. Emergency treatments necessitating endovascular procedures perpetuate a hurdle due to their immediate requirement. Furthermore, limited awareness among patients about the disease and various organizations advocating lifestyle changes impede revenue growth. An example is the WISEWOMAN program, which provides chronic disease risk assessments, lifestyle programs, and referral services to financially disadvantaged, underinsured, or uninsured women. Paired with these issues, a dearth of proficient specialists in emerging economies acts as a pivotal factor obstructing revenue growth in the cerebral infarction treatment market.
Emerging Opportunities: Research and development endeavors are burgeoning globally. The Paul Coverdell National Acute Stroke Program allocates funds to states for the purpose of evaluating, monitoring, and enhancing the quality of care extended to stroke patients, aiming to curtail stroke-related fatalities and disabilities. Moreover, government participation, as exemplified by the NIH/National Institute of Neurological Disorders and Stroke, promises to augment healthcare and RD services on a global scale. Collaborative initiatives like the Million Hearts effort, led jointly by the CDC and Centers for Medicare Medicaid Services, strive to heighten public awareness regarding heart disease and strokes, subsequently preventing occurrences. These opportunities collectively pave the way for advancements and revenue growth within the cerebral infarction treatment market.
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Geographical Market Landscape:
Dominant Market Share: North America is poised to dominate the revenue share during the forecast period. The region's lead is attributed to the introduction of novel treatment options. Additionally, augmented healthcare expenditures and a wide array of treatment choices contribute to propelling market revenue in this region. Furthermore, the increased awareness of the disease plays a pivotal role in elevating market revenue.
Rapidly Evolving Region: Asia Pacific is projected to exhibit a substantial revenue CAGR over the forecast period. Countries like China and India are experiencing considerable population growth, accentuating the demand for healthcare facilities. The presence of generic manufacturers and expanding healthcare infrastructure in this region acts as a catalyst for revenue growth.
Notable Market Trends and Innovations:
Ongoing Phase 2 trials are exploring the impact of human umbilical cord mesenchymal stem cell therapy on neurological function in cerebral infarction patients during the recovery phase.
A phase 3 prospective randomized open-label trial conducted between July 2021 and June 2022 demonstrated the absence of side effects when administering citicoline to ischemic stroke patients.
Competitive Landscape and Strategies:
In November 2020, AstraZeneca's Brilinta (ticagrelor) received U.S. approval for individuals with acute ischemic stroke, significantly contributing to the battle against a major cause of global disability and death.
Key players in the market encompass Johnson Johnson, Aprogen, Inc., Shin Nippon Biomedical Laboratories, Amgen Inc., Pfizer Inc., Novartis AG, Amneal Pharmaceuticals LLC, Sanofi, and Abbott Laboratories.
Summarily, this report delivers historical data, forecasts, and revenue growth trends globally, regionally, and by country, offering a comprehensive analysis of industry trends, drivers, restraints, opportunities, and threats. The report encompasses market strategies, segment revenue, and share contributions across various regional and country markets, along with competitive landscape insights, company financials, and impact analysis.
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