The market for stroke post processing software is on the rise, and big players are teaming up with smaller companies to make a big impact. These collaborations help them reach more customers and expand their reach around the world. For example, iSchemaView and NeuroLogica joined forces in January 2019 to combine iSchemaView’s RAPID cerebrovascular imaging platform with NeuroLogica’s portable CereTom computed tomography (CT) scanners. This collaboration allowed them to use these tools in Mobile Stroke Units (MSUs) and Intensive Care Units (ICUs) worldwide. Another instance is Brainomix, which received a significant funding of USD 9.8 million in April 2018 through a partnership with Boehringer Ingelheim. This funding helped bring Brainomix's software to the market and expand its global presence. Such partnerships are key for the growth of the stroke post processing software market, especially as the adoption of this software in healthcare continues to increase.
The Need for Better Solutions in the Face of Ischemic Strokes
Ischemic strokes happen when a blood vessel in the brain gets blocked by a clot. It's a common cause of health problems and even death, and it's becoming more prevalent. According to the World Health Organization's survey in 2019, ischemic strokes are the third leading cause of death in adults globally. In Europe, 110-290 people die each year due to ischemic strokes. The number of cases is expected to rise in the coming years, especially among those over 65 years old. In the United States, around 800,000 people are dealing with strokes, with three-quarters of them occurring in people over 65, and women tend to be more affected due to their longer life expectancy. As the number of ischemic strokes goes up, so does the demand for stroke post processing software that can help in better diagnosis and treatment.
In conclusion, partnerships between big and small companies are playing a crucial role in the growth of the stroke post processing software market. These collaborations are bringing innovative solutions to the healthcare industry, addressing the increasing burden of ischemic strokes and improving patient outcomes.
Report Attribute/Metric | Details |
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Market Opportunities | Increased investment by the government and healthcare organizations. |
Market Dynamics | Increased adoption of the advanced technology in healthcare and increasing cases of strokes. |
The Stroke Post Processing Software Market size was valued at USD 0.18 Billion in 2023 and is projected to grow from USD 0.19 Billion in 2024 to USD 0.44 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.67% during the forecast period (2024 - 2032).
“The stroke post processing software market is poised for substantial growth driven by increasing stroke incidences, advanced imaging technologies, growing emphasis on timely and accurate diagnosis. As healthcare providers prioritize efficient analysis of medical images for improved patient outcomes, the market is expected to witness continuous expansion, offering sophisticated solutions in the field of neuroimaging.”
The growth of the stroke post processing software market is attributed to the increasing prevalence of strokes, growing awareness among patients, and rising number of strategic initiatives.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In March 2024, Viz.ai, Inc. and Medtronic partnered to help patients with cryptogenic stroke in the US receive the necessary cardiology follow-up care needed to decrease future occurrences of secondary stroke. This will ultimately enable the organization to capture its share of the Stroke Post-Processing Software market.
January 2022:Brainomix launched e-Stroke 11 in January 2022, the latest version of its award-winning AI-based stroke imaging platform that is expected to enhance communication within stroke networks by facilitating quick and secure access, review, and sharing of images and patient data as well as sending messages, making calls directly from e-Stroke Mobile App and tagging patients for thrombectomy eligibility – all designed for further workflow optimization which would facilitate quicker transfer and treatment decisions.
As the number of strokes rises, so will the demand for stroke management systems and software. Moreover, according to the Centres for Disease Control and Prevention (CDC), stroke is expected to account for one in every six deaths in the US by 2020. The use of stroke post-processing software enables the development of more efficient pathways, faster treatment decisions, and better patient outcomes.
Therefore, the rising number of patients with stroke is contributing to the growth in the global market. Additionally, several factors such as demographic changes, environmental conditions, and increasing mental stress are also resulting in rising stroke cases, thereby fueling the market growth during the forecast period.
The Stroke Post Processing Software Market segmentation, based on installation, includes desktops and mobile phone & tablets. The desktops segment held the majority share in the market in 2022. Desktops play a vital role in stroke post-processing software by providing the necessary computing power, visualization capabilities, and integration with EHR systems. They enable advanced image analysis, quantitative assessment, data visualization, and support research and education in the field of stroke imaging. For instance, In February 2018, the U.S. Food and Drug Administration (FDA) granted a De Novo clearance for Viz LVO. Viz LVO is a stroke post processing software which includes advanced imaging analysis algorithms that can quickly and accurately identify LVO strokes from medical imaging scans, such as CT or MRI scans. These software tools can help healthcare professionals make faster and more informed decisions about the appropriate treatment for LVO stroke patients, such as thrombectomy or clot removal procedures.
The Stroke Post Processing Software Market segmentation, based on modality, includes MRI and CT scan. The MRI segment dominated the market in 2022. In stroke cases, MRI scans can provide valuable information about the location, extent, and severity of brain damage caused by a stroke. MRI in stroke post-processing software refers to the use of magnetic resonance imaging (MRI) technology in software applications or tools that are specifically designed to assist in the post-processing and analysis of MRI scans for stroke diagnosis and treatment.
Figure 2: Stroke Post Processing Software Market, by Modality, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Stroke Post Processing Software Market segmentation, based on type, includes ischemic stroke, hemorrhagic stroke, and others. The ischemic stroke segment dominated the market in 2022. An ischemic stroke is caused by a blockage or reduction of blood flow to a specific area of the brain, leading to a lack of oxygen and nutrients. This blockage is often due to a blood clot or atherosclerosis, a condition where arteries become narrowed and hardened by the buildup of fatty deposits called plaques. Ischemic strokes are the most common type of stroke, accounting for approximately 85% of all stroke cases. The symptoms of an ischemic stroke can vary depending on the location of the blockage and the extent of brain tissue affected. Common signs and symptoms include sudden numbness or weakness in the face, arm, or leg, especially on one side of the body, confusion or trouble speaking and understanding speech, difficulty walking, dizziness, or loss of balance and coordination & severe headache with no known cause.
The Stroke Post Processing Software Market segmentation, based on end user, includes hospital & clinics, specialty centers, and others. The hospital & clinics segment dominated the market in 2022. Hospitals are larger and more comprehensive institutions that offer a wide range of medical services, including emergency care, surgeries, specialized treatments, and inpatient stays. Clinics, on the other hand, are often smaller and more focused medical facilities that provide outpatient services, such as consultations, minor procedures, vaccinations, and follow-up care. In addition, the hospitals and clinics are well equipped with stroke post processing software and tools to improve patient outcomes, enhance efficiency, and provide better communication and decision-making support for healthcare professionals. For instance, Apollo Hospitals in India partnered with Medtronic for the integration of AI-based solutions for advanced stroke management in October 2020.
By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. The North America stroke post processing software media market accounted for the largest market share in 2022. Key factors attributed to its large share include developed healthcare infrastructure, increasing technological advancement, and the presence of many market players in the region.
Further, the major countries will be study are US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: STROKE POST PROCESSING SOFTWARE MARKET BY REGION 2023 & 2032 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe stroke post processing software market accounted for the second-largest market share due to growing prevalence of ischemic stroke amongst individuals, and the rising awareness of treatment. Furthermore, the Germany stroke post processing software market is attributed to hold the largest market share, and the France stroke post processing software market is projected be the fastest growing market in the Europe region.
The Asia-Pacific stroke post processing software market is expected to be the fastest growing from 2023 to 2032 due to growing advancement in imaging technologies, increasing funds in research activities, and rising prevalence of strokes. Moreover, China stroke post processing software market accounted to hold the largest market share, and the India stroke post processing software market is projected to be the fastest growing market in the Asia-Pacific region.
Stroke Post Processing Software Key Market Players & Competitive Insights
The Stroke Post Processing Software Market is distinguished by the presence of numerous global, regional, and local players catering to the stroke post processing software techniques that are evolving at a rapid pace. Furthermore, the increasing demand for stroke post processing software is further driving the growth of the Stroke Post Processing Software Market during the forecast period. The major players have adopted a strategy of obtaining regulatory approval from government agencies for their products and signing contracts and agreements to broaden their reach and reduce operational costs. For instance, in November 2022, Viz.ai, Inc. partnered with Cercare Medical (Denmark) to incorporate Cerner Perfusion into the Viz.ai platform. The partnership enabled quick access to patient data through the Viz platform.
TeraRecon is a fast-growing company which is involved in the manufacturing, design, and development of imaging medical devices. The company offers products under the category of intuition, and eureka. The company specialized in artificial intelligence, radiology, advanced visualization, AI, RadAI, imaging, and post processing. The company has an extensive distribution network in North America and Europe.
Moreover, In July 2023, TeraRecon (US) expanded relationship with ConcertAI's for advance visualization providing in Australia. By this business relationship company strengthen its business as well as boost the business growth.
Key Companies in the Stroke Post Processing Software market includes.
Stroke Post Processing Software Industry Developments
Stroke Post Processing Software Segmentation
Stroke Post Processing Software Installation Outlook
Stroke Post Processing Software Modality Outlook
Stroke Post Processing Software Type Outlook
Stroke Post Processing Software End User Outlook
Stroke Post Processing Software Regional Outlook
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