The hemorrhagic stroke treatment market is about to enter an exciting phase over the next decade with novel therapies entering the market that are designed to improve stroke outcome. High rate of growth of the hemorrhagic stroke treatment market can be attributed to the entry of novel, highly-priced therapies and existing high unmet needs in the market. Key players are focusing on the development of new drugs and stem cell therapies with better efficacy, for example, ZZ Biotech’s 3K3A-APC is designed to reduce hemorrhage incidence and volume in the Activase and EVT-eligible acute ischemic stroke patient population. The National Institute of Neurological Disorders and Stroke (NINDS), one of the U.S. National Institutes of Health (NIH), provide fund for the development of new treatments and cures for hemorrhagic stroke. This is likely to fuel the growth of the global hemorrhagic stroke treatment market in the near future.
Based on geography, the global hemorrhagic stroke treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for the leading share of the global market during the forecast period. Increase in prevalence of hemorrhagic stroke among the elderly population and rise in awareness about the effects of hemorrhagic stroke are likely to drive the hemorrhagic stroke treatment market in North America. The hemorrhagic stroke treatment market in Europe and Asia Pacific is projected to gain market share during the forecast period. The regions are likely to account for a significant share of the global market in the near future. Initiatives taken by local governments to attain self-sufficiency in manufacturing pharmaceuticals and financial support for research and development of drugs for neurological disorders in countries, such as, Brazil, South Africa, etc. are likely to boost the hemorrhagic stroke treatment market during the forecast period.
Players operating in the global hemorrhagic stroke treatment market include F. Hoffmann-La Roche Ltd, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Janssen Global Services, LLC, DAIICHI SANKYO COMPANY, LIMITED, AstraZeneca, Biogen, SanBio Co, Ltd, and Athersys, Inc. Companies are adopting organic and in-organic growth strategies to expand their product offerings, strengthen their geographical reach, increase customer base, and gain market share.
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