Stroke Post Processing Software market to Eyewitness Huge Marginal Growth by 2030

Posted by Mrudula Anil Karmarkar on November 16th, 2023

San Francisco, 16 Nov 2023: The ReportStroke Post Processing Software MarketSize, Share & Trends Analysis Report By Installation (Desktop, Mobile Phones & Tablets), By Modality (CT Scan, MRI), By Type, By End-use, By Region, And Segment Forecasts, 2022 - 2030

The global stroke post processing software market size is expected to reach USD 334.1 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2022 to 2030. Stroke post processing software empowers physicians to make faster decisions related to stroke patients. The AI-powered software solutions enable earlier patient transfer processes. The adoption of AI-based stroke management solutions achieves better stroke treatment outcomes.

The COVID-19 pandemic impacted the market in the initial stage as many healthcare services were limited, as there were high risks of spreading the virus. However, the market conditions recovered faster due to the sensitive nature of the stroke. Due to the availability of guiding post-stroke management software, the frontline professionals are now capable of making better treatment-related decisions. Technological advancements have significantly increased the adoption of AI-driven stroke management software.

North America held the largest revenue share in 2021 due to factors such as the rising prevalence of stroke cases in the region and supportive R&D investments to improve healthcare infrastructure. Asia Pacific is anticipated to grow at the fastest rate over the forecast period owing to the rising awareness regarding stroke, growing R&D in manufacturing, and technological advancements in the region.

The growing use of artificial intelligence for the diagnosis and treatment of strokes is likely to bode well for the market. The development of newer solutions catering to patient data processing is likely to contribute to the market growth. The processed patient data can focus on a specific set of people at risk of developing diseases by identifying a disease pattern from the personalized data. Furthermore, the market players including the start-ups are relying on the implementation of strategies to attract investors. The market players can increase their outreach in developing countries by offering viable healthcare solutions, providing easier access to their products and services, and reducing digital challenges.

Stroke is a time-critical condition, where every minute is sensitive. Stroke post processing software enables frontline physicians to make faster and more confident decisions regarding patient treatments and transfers. The software platforms offer stroke patients better treatment outcomes.

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The implementation of stroke post processing software aids in reducing door-to-door-out time and helps patients achieve functional independence. In the initial stages, the COVID-19 pandemic impacted the market due to uncertainty as many healthcare services were shut down or restricted as precautionary guidelines to curb the spreading of the infection. However, the market conditions recovered due to the critical nature of the stroke.

Stroke Post Processing Software Market Report Highlights

  • Based on the installation, the desktop segment held the largest revenue share in 2021 owing to the advantages offered by desktops such as higher flexibility, easier data backup, quick accessibility, and comparatively lower costs
  • The mobile phones and tablets installation segment is anticipated to register the fastest CAGR from 2022 to 2030 as these portable devices offer convenient installation, user-friendly functions, and complete operational control. In addition, mobile phones enable effective communication and coordination among stroke specialists
  • By modality, the MRI segment dominated the market in 2021 and is expected to expand at the fastest CAGR over the forecast period, as early diagnosis of stroke can reduce the patient’s chances of living with a disability and MRI offers a clear view of the changes in the brain by using magnetic fields and radiofrequency pulses
  • On the basis of type, the ischemic stroke segment captured the largest revenue share in 2021 and is likely to exhibit the fastest CAGR during the forecast period, as stroke is the second leading cause of death worldwide. In addition, ischemic strokes account for around 87% of total stroke cases
  • In terms of end-use, the hospitals and clinics segment led the market in 2021 and is anticipated to register the fastest CAGR from 2022 to 2030. Hospitals rely on AI solutions for the automated analysis of stroke data, enabling faster decision-making for the treatment

The AI-based system helps stroke specialists to identify large vessel occlusions, enabling patient referral and transfer procedures to start sooner. The adoption of stroke post processing software facilitates the delivery of efficient pathways, makes faster treatment decisions, and achieves better outcomes for patients. Technological advancements, especially in the field of healthcare IT solutions, have significantly increased the adoption of software by healthcare providers while also mitigating the risk of complications post-stroke. With the availability of guiding software, stroke care professionals have gained the ability to collect and assess stroke data to make better treatment-related decisions.

Stroke Post Processing Software Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 177.7 million

Revenue forecast in 2030

USD 334.1 million

Growth rate

CAGR of 8.2% from 2022 to 2030

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2030

The stroke post processing software provides more comprehensive pictures with synced data, which aids in the detection of the stroke's effect or progression and enables clinicians to make faster clinical decisions. Hence, to improvise quality and updates, investing in it can have a tremendous impact on the market growth. Government regulations that promote the overall adoption of healthcare IT solutions to improve healthcare outcomes act as a major strengthening factor for the market in both developed and developing regions. Well-defined laws and regulations require the companies to protect the patient data to safeguard the privacy rights of the consumers.

List of Key Players of Stroke Post Processing Software Market

  • Brainomix
  • Viz.Ai, Inc.
  • General Electric Company
  • ISchemaView, Inc.
  • Siemens

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Mrudula Anil Karmarkar

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Mrudula Anil Karmarkar
Joined: July 2nd, 2020
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