Stroke Post Processing Software Market Size | Share and Trends 2024 to 2034

Stroke Post Processing Software Market Size and Forecast 2024 to 2034

The global stroke post processing software market size is expected to be worth USD 208.43 million in 2024 and is anticipated to reach around USD 458.81 million by 2034, growing at a solid CAGR of 8.21% over the forecast period 2024 to 2034. The North America stroke post processing software market size accounted for USD 97.96 million in 2024. The rising demand for healthcare software across the world is driving the growth of the stroke post processing software market.

Stroke Post Processing Software Market Key Takeaways

• North America led the stroke post processing software market with the highest market share of 47% in 2023.
• Asia Pacific is expected to attain the fastest rate of growth during the forecast period.
• By installation, the desktop segment has held a major market share of 62% in 2023.
• By installation, mobile phones, and tablets are estimated to exhibit the fastest growth rate during the forecast period.
• By modality, the MRI segment has contributed more than 72% of market share in 2023.
• By modality, the CT scan segment is the fastest-growing segment during the forecast period.
• By type, the ischemic stroke segment led the market with the highest market share of 87% in 2023.
• By type, the hemorrhagic stroke segment is expected to be the fastest-growing segment during the forecast period.
• By end-use, the hospitals and clinics segment has recorded more than 77% of market share in 2023.
• By end-use, the specialty centers and other segments are expected to be the fastest growing segment during the forecast period.

U.S. Stroke Post Processing Software Market Size and Growth 2024 to 2034

The U.S. stroke post processing software market size was exhibited at USD 42.55 million in 2023 and is projected to be worth around USD 103.52 million by 2034, poised to grow at a CAGR of 8.41% from 2024 to 2034.

North America held the largest share of the stroke post processing software market in 2023. The growth of the market in this region is mainly driven by the rising demand for stroke post-processing software from several famous hospitals that deal in the treatment of stroke, such as Cleveland Clinic, St Jude Children's Research Hospital, UC Davis Health, Johns Hopkins Medicine, Mayo Clinic Scottsdale AZ and some others. The growing developments in the healthcare industry in countries such as the U.S. and Canada, along with rising government investments to develop the IT industry and AI sector across this region, have boosted the market growth to some extent.

Moreover, presence of several local market players in stroke post-processing software, such as viz.ai, ISchemaView, Inc, CerebraAI, and some others, are continuously engaged in developing advanced stroke post-processing software for stroke detection and adopting several strategies such as partnerships, collaborations, and business expansions, which in turn drives the growth of the stroke post processing software market in this region.

• In February 2024, UC Davis Health announced the implementation of AI-based software to detect stroke. This software uses image-based artificial intelligence (AI) to diagnose a patient’s computerized tomography (CT) scan and alert doctors of a potential stroke within minutes.
• In April 2024, the government of Canada announced that it would invest around US$2.4 billion in developing the AI and tech industry across the country.
• In April 2024, Cerebral AI launched a neuroradiology software in the U.S. This software is mainly launched for detection of acute ischemic stroke detection across the region.

Asia-Pacific is expected to be the fastest-growing region during the forecast period. The rising developments in the medical devices industry, along with superior healthcare facilities across the region, boost the market growth. Moreover, the presence of several renowned hospitals in countries such as India, China, Japan, South Korea, and some others that are engaged in stroke diagnosis and treatment has increased the demand for stroke post processing software in hospitals for use in MRI and CT scanners, which in turn is driving the market growth.

Additionally, various local companies of stroke post-processing software, such as Aidoc, Qure.ai, Infervision, and some others, are developing advanced software to fulfill the demand from hospitals treating stroke patients across the Asia Pacific region, which in turn is expected to drive the growth of the stroke post processing software market in this region.

• In April 2023, the government of India announced that it would invest US$11 billion to strengthen the medical devices industry in India. It also stated that in the upcoming years, the budget for developing this industry is expected to increase significantly, and around US$50 billion will be invested in industrial development in the next five years.
• In August 2023, Infervision announced a partnership with DeepC. This partnership aimed at developing software that helps in the detection of stroke in patients.

Market Overview

The stroke post processing software market is one of the important industries in the healthcare sector. This industry mainly deals with the development of stroke post-processing software around the globe. This software can be installed on desktop and mobile phones & tablets. It is developed for various modalities, including MRI and CT scans. This software finds application in the detection of various kinds of strokes, including ischemic stroke, hemorrhagic Stroke, and some others. There are several end-users of the stroke post processing software industry that mainly include hospitals & clinics and specialty centres & others. This industry is expected to grow exponentially with the growth in the IT and healthcare industries.

• In June 2024, Siemens Healthineers announced a partnership with World Stroke Organization (WSO). This partnership is done to develop the acute stroke workforce along with improving treatment and care for stroke. It is expected to benefit the stroke post processing software industry.

Stroke Post Processing Software Market Growth Factors

• The growing developments in the IT sector have led the market.
• Government initiatives to strengthen the healthcare sector have increased the application of stroke post-processing software.
• The upsurge in demand for MRI-based stroke detectors across the world.
• There are growing investments from public and private sector entities to develop the stroke post processing software industry.
• The developments in the medical devices industry have helped the stroke post processing software market to grow significantly.
• The increasing use of CT scan machines in hospitals during emergency situations accelerates industrial growth.
• The advancements in technologies for developing mobile-based healthcare software.
• The ongoing research and development activities related to software projects related to healthcare.
• There is a rise in the number of hospitals and specialty centers for treating strokes.
• Growing incidences of various kinds of strokes around the world boost market growth.

Stroke Post Processing Software Market Scope

Market Dynamics

Drivers

Rising demand for advanced medical software

Rapid developments are taking place in the healthcare industry. The integration of modern technologies has changed the landscape of the diagnosis and treatment methodologies for various diseases. The cases of different types of strokes are increasing daily in various parts of the world, and they require proper diagnosis and treatment to be cured. With the rising cases of strokes, hospitals and other treatment centers require superior devices that are accurate and efficient so as to diagnose and treat all patients in a shorter period of time. This, in turn, increases the demand for advanced stroke post-processing software, thereby driving the market growth.

• According to the data published by Global Stroke Fact Sheet 2022, it is estimated that globally, 1 in every four people aged above 25 years suffers from a stroke in their lifetime; it also stated that there are more than 12.2 million cases of strokes every year across the world.
• In January 2024, Hyperfine launched a new swoop MRI system software. This software is approved by the U.S. Food and Drug Administration (FDA) and finds application in the detection of various types of strokes.

The stroke post processing software market is a consolidated industry. There are a few dominating players, along with several new entrants in the market. Some of the prominent market players include Brainomix, Aidoc, RapidAI, Viz.Ai, Inc., CerebraAI, and others that are continuously engaged in developing advanced software for stroke detection and adopting several strategies to maintain their dominance in the industry.

• For instance, in November 2023, Brainomix launched a software solution. This software enhances precision medicine's ability to make better treatment decisions for stroke patients.

Restraint

Security-related issues and malfunctioning

The applications of stroke post processing software have increased due to several advantages it provides. Although there are several benefits associated with this software, it comes with several disadvantages. Firstly, the health details of the patients can be gathered by hackers, thereby leading to security breaches. Secondly, this software may sometimes bring out incorrect results that may lead to wrong treatments. Thus, security breaches, along with malfunctioning of the software, are expected to restrain the market growth during the forecast period.

Opportunity

AI-based stroke detection software to reshape the industry

Advancements in science and technologies related to the development of software have gained traction at present. Nowadays, software developers are developing advanced stroke post processing software that is integrated with modern technologies such as AI and ML to deliver superior performance and results. Thus, the growing application of AI-enabled stroke detection software is expected to create ample growth opportunities for market players in the future.

• In March 2024, Qure.AI launched an AI-powered head CT software solution. This software has been launched with the aim of enhancing stroke care and diagnosis.

Installation Insights

The desktop segment held the largest market share in 2023. The rise in the number of hospitals across the world has increased the number of desktop installations for diagnostics and treatment purposes, thereby driving market growth. Also, desktops provide data storage and real-time tracking, as well as large storage space to store large amounts of data along with remote access to other devices, which is likely to boost market growth. Moreover, the development of advanced desktop-based stroke post processing software for the delivery of efficient and superior results is expected to propel the growth of the stroke post processing software market during the forecast period.

• In January 2024, GE HealthCare announced the acquisition of MIM Software. This acquisition will strengthen GE HealthCare’s software segment, which is related to various medical applications.

The mobile phones and tablets segment is expected to grow with the highest compound annual growth rate during the forecast period. The growing advancement in 5G technologies, coupled with the rising proliferation of smartphones across the world, is driving the market growth. Also, the portability offered by mobile phones and tablets, along with the rapid demand for virtual care services, has boosted the development of this industry. Moreover, the rising development in the IT sector has led software developers to design stroke post processing software for mobile phones and tablets, which is likely to drive the growth of the stroke post processing software market.

• In February 2023, Neuronics Medical launched FAST.AI. FAST.AI is a mobile application software that helps detect strokes quickly.

Modality Insights

The MRI segment held a dominant share in 2023. The growing demand for magnetic resonance imaging machines in stroke detection applications due to their ability to provide accurate images of brains and arteries has driven the market growth. Also, the rising application of MRI scanners for the diagnosis and management of acute ischemic strokes has increased the demand for software associated with it, thereby driving the market growth. Moreover, the increasing demand for advanced MRI software for stroke diagnosis in hospitals is boosting the growth of the stroke post processing software market during the forecast period.

• In April 2024, Q Bio launched Tensor Field Mapping (TFM). Tensor Field Mapping (TFM) is a multiparametric MRI quantification software application that helps accelerate the diagnostics results of the stroke.

The CT scan segment is expected to attain the fastest CAGR during the forecast period. The rising application of CT scanners due to their ability to visualize the damage to the brain cells or bleeding in the brain from stroke attacks drives the market growth. Also, the diagnosis of stroke in humans can be made much more quickly in CT scanners than in MRI machines, which increases the demand for CT scan-based software, thereby driving market growth. Moreover, the rising development in the healthcare software industry related to the development of stroke post processing software has fostered the growth of the stroke post processing software market during the forecast period.

• In July 2023, Aidoc launched an AI-enabled CT scan software for stroke detection. This software helps in diagnosing MeVOs and LVOs on computed tomography (CT) scans.

Type Insights

The ischemic stroke segment dominated the market in 2023. The growing number of government hospitals treating ischemic stroke has increased the demand for stroke post processing software, thereby driving the market growth. Moreover, the rising prevalence of ischemic stroke among people across the world has increased the demand for MRI and CT scanners for detection and treatment, thereby increasing demand for stroke post processing software associated with it, which in turn is expected to boost the growth of the stroke post processing software market during the forecast period.

• According to the data published by Global Stroke Fact Sheet 2022, it is estimated that there are more than 7.6 million new ischaemic stroke cases every year around the world.

The hemorrhagic stroke segment is estimated to grow with the highest CAGR during the forecast period. The rising advancements in MRI machines for detecting hemorrhagic stroke have increased the demand for MRI-based stroke detection software, thereby driving market growth. Also, the rising cases of hemorrhagic stroke across the world have increased the demand for early stroke detection software and hardware technologies that, in turn, drive the growth of the stroke post processing software market during the forecast period.

• According to the data published by Global Stroke Fact Sheet 2022, more than 28% of the strokes among people globally are intracerebral hemorrhage strokes.

End-Use Insights

The hospitals and clinics segment held the largest share of the market in 2023. The rise in the number of public and private hospitals around the world that deal with the treatment of strokes has increased the demand for stroke post processing software, thereby driving market growth. Moreover, the increasing investment from the governments of several countries in strengthening the medical devices industry has boosted market growth. Additionally, the growing integration of technologies in diagnostic systems, such as computed tomography scanners and MRI systems, that are implanted in hospitals is driving the growth of the stroke post processing software market during the forecast period.

• In May 2024, Worcestershire Acute Hospitals announced to implement an AI software. This AI-based software will help doctors to analyse brain images for treating stroke patients.

The specialty centers and other segments are expected to be the fastest growing segment during the forecast period. The rise in the number of specialty centers related to the treatment of ischemic stroke across the world is driving the market growth. Moreover, the growing trend of specialty centers due to their mobility and availability in remote places that help in diagnosing and treating stroke patients has boosted the growth of the stroke post processing software market during the forecast period.

• In June 2023, UF Health launched a new stroke treatment service. This service is a mobile stroke treatment unit launched in the areas of Florida in the U.S.

Stroke Post Processing Software Market Companies

• Brainomix
• Viz.Ai, Inc.
• ISchemaView, Inc.
• Nicolab B.V.
• TeraRecon Inc
• Icometrix
• RapidAI
• CerebraAI
• Aidoc
• Qure.ai

Recent Developments

• In June 2024, Olea Medical announced a partnership with Pulsara. This partnership is aimed at developing medical imaging post-processing software for treatment of stroke.
• In February 2024, Bright Shores launched Rapid Automated CT Perfusion Software. This software was launched with the aim of making proper decisions regarding the treatment of stroke among patients.
• In November 2023, RapidAI announced that it had received Class III approval for Rapid Edge Cloud software from Shonin in Japan. Rapid Edge Cloud is a non-contrast CT offering software that helps in stroke identification.
• In March 2023, Methinks announced that it received CE approval for the Methinks Stroke Suite. Methinks Stroke Suite is a medical imaging software that finds application in the detection of stroke.

Segments Covered in the Report

By Installation

• Desktop
• Mobile Phones & Tablets

By Modality

• CT-Scan
• MRI

By Type

• Ischemic Stroke
• Hemorrhagic Stroke
• Others

By End-use

• Hospitals & Clinics
• Specialty Centers & Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa