Market Overview
Brain hemorrhage is an emergency condition, in which blood vessels are ruptured causing excessive bleeding inside the brain. There are different reasons for brain hemorrhage including accidents, trauma, stroke, brain tumor, and high blood pressure caused by congenital or other health conditions. The most common treatments for brain hemorrhage include supportive care, mediations, and therapies.
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Market Dynamics
Increasing prevalence of aneurysms and growing number of road accidents is expected to propel the global brain hemorrhage market growth over the forecast period. According to the World Health Organization (WHO), around 20 to 50 million suffer non-fatal injuries in road accidents with around 1.34 million dying in road accidents each year worldwide. According to the Brain Aneurysm Foundation, around 30,000 people in the U.S. suffer from a brain aneurysm rupture every year. As a result of this, the demand for adequate brain hemorrhage treatment options has increased massively. There are different types of treatments adopted such as medications, medical procedures such as clipping, supportive care, and rehabilitation.
However, growing presence of counterfeit drugs and side effects of the treatment is expected to hinder the global brain hemorrhage market growth over the forecast period.
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Impact of COVID-19
The global brain hemorrhage market was significantly impacted due to the COVID-19 pandemic outbreak. With rising cases of coronavirus, many countries decided to shut down national borders and suspend international travel temporarily. This, further impacted the global supply chain industry, rendering slow economic growth across the globe. R&D activities pertaining to brain hemorrhage treatment were temporarily suspended with a primary focus on COVID-19 drug discovery. However, the market is expected to regain its traction with the rollout of vaccines and declining cases.
Key Takeaways
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The global brain hemorrhage market is expanding, exhibiting a CAGR of 6.0% over the forecast period. This is owing to increasing healthcare expenditure in both developed and emerging economies.
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Among regions, North America is expected to witness significant growth in the global brain hemorrhage market during the forecast period. This is owing to growing cases of trauma in the region. According to the American Association of the Surgery of Trauma, in the U.S., trauma is the leading cause of death for individuals up the age of 45 years.
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Key companies involved in the global brain hemorrhage market are Canon Inc., FUJIFILM Holdings Corporation, GE Healthcare, Hitachi Ltd., Infrascan, Inc., Johnson & Johnson, Koninklijke Philips N.V., Medtronic plc, Siemens AG, and Stryker Corporation.
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Table of Content
Global Brain Hemorrhage Market Research Report
Section 1: Global Brain Hemorrhage Industry Overview
Section 2: Global Economic Impact on Brain Hemorrhage Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Brain Hemorrhage Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Brain Hemorrhage Market Forecast
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