In a recent published report, Kenneth Research has updated the market report for Stroke Post Processing Software Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Stroke Post Processing Software Market products.
The Global Stroke Post Processing Software Market is expected to register a CAGR of 6.48% to reach USD 1,294.24 Million by 2024. A stroke can be defined as the lack of blood flow to brain tissues, and this can occur in any vascular structure within the brain. Moreover, increasing awareness regarding the benefit of stroke post processing software in individuals as well as healthcare professionals would create more demand for these products, in turn, boosting the growth of the global stroke post processing software market.
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The collaborations between start-up companies & big market players in the industry, increasing burden of ischemic strokes, and growth in the aging population are likely to contribute to the growth of the 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 computed tomography (CT) scanners for use in Mobile Stroke Units (MSUs) and Intensive Care Units (ICUs) across the globe. However, stringent regulatory policies is likely to restrain the market growth during the forecast period.
In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Keyword market over the period 2019-2026.
The Keyword market report also focuses on the analysis on the basis of geography which includes North America (U.S. and Canada), Latin America (Mexico, Brazil, Argentina, Rest of Latin America), Europe (Germany, UK, France, Spain, Italy, NORDIC, BENELUX, Poland, Russia, Hungary, Rest of Europe), Asia Pacific (China, Japan, India, Australia, New Zealand, South Korea, Malaysia, Indonesia, Rest of Asia Pacific) and Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa). In U.S., the GDP per capita was valued at USD 62,606 in 2018 as compared to USD 59,895 marked in 2017, observed a growth of 4.53% in 2018 over previous year. Rise in GDP per capita has intensified the growth of this market in the country
Market Dynamics
Collaborations between start-up companies & big market players in the industry, increasing burden of ischemic strokes, and growth in aging populations inclined to incur strokes are anticipated to drive the market growth. For instance, in April 2018, Brainomix received USD 9.8 million in funding in collaboration with Boehringer Ingelheim in order to bring its software to the market. However, stringent regulatory policies are likely to hinder the market growth.
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 bifurcated into CT Scan and MRI. Based on type, the market has been segmented into the ischemic stroke, hemorrhagic stroke, and others. Based on end user, the global stroke post processing software market has been divided into hospitals & clinics, specialty centers, and others. The hospitals and clinics segment accounted for a value of USD 479.89 million in 2018.
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Regional Analysis
The global stroke post processing software market, based on region, has been classified 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 more market share, which in turn positively affects market growth. Americas showed a considerable increase in the market owing 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 owing to rapidly developing economies in the region. 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. The market in the Middle East & Africa is expected to demonstrate slow growth during the forecast period.
Key Players
The prominent players in the global stroke post processing software market are Brainomix (UK), Viz.ai, Inc. (US), iSchemaView, Inc. (US), General Electric Company (US), Koninklijke Philips NV (Netherlands), and Siemens (Germany).
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Some of the key strategies followed by players operating in the global stroke post processing software market were innovation, product development, and acquisition & mergers.In April 2019, Brainomix collaborated with Angels Initiative to release the Angels WOW CT training tool, which helped improve CT scan analysis using e-Aspects software.In April 2018, Viz.ai received the US Food and Drug Administration (FDA) approval for Viz CTP, a computed tomography perfusion software.In April 2019, Rapid by iSchemaView was approved by the Ministry of Health (MoH), Saudi Arabia.
Market Segmentation
Global Stroke Post Processing Software Market, by Installation
Desktop
Mobile Phones
Tablets
Global Stroke Post Processing Software Market, by Modality
CT Scan
MRI
Global Stroke Post Processing Software Market, by Type
Ischemic Stroke
Hemorrhagic Stroke
Others
Global Stroke Post Processing Software Market, by End User
Hospitals & Clinics
Specialty Centers
Others
Global Stroke Post Processing Software Market, by Region
Europe
Western Europe
Germany
UK
France
Rest of Western Europe
Eastern Europe
Americas
North America
US
Canada
Latin America
Asia-Pacific
China
Japan
Rest of Asia-Pacific
Middle East & Africa
Saudi Arabia
Israel
Rest of Middle East & Africa
Available Additional Customizations
Investment Opportunities in the Global Stroke Post Processing Software Market
Challenges in the Global Stroke Post Processing Software Market
Intended Audience
Hospitals
Medical devices companies
Research institutes
Software companies
Academic institutes
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