February 25, 2024
Global Mobile Stroke Unit market

Global Mobile Stroke Unit Market is Estimated to Witness High Growth Owing to Advanced Diagnostic Technologies

The global mobile stroke unit market has been witnessing significant growth in recent years. Mobile stroke units are specialized ambulance services equipped with diagnostic technologies such as CT scanners and ultrasound machines that allow for the diagnosis and initial treatment of strokes at the location. By facilitating early treatment, mobile stroke units help improve health outcomes for patients suffering a stroke and reduce long-term disabilities. The increasing incidence of stroke and rising emphasis on reducing hospital times for treatment are propelling the demand for mobile stroke units.

The Global mobile stroke unit market is estimated to be valued at US$ 9.54 BN in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the global mobile stroke unit market are Demers Ambulances, Tri-Star Industries Limited, Cardinal Health, Cleveland Clinic, NeuroLogica Corp, MEYTEC GmbH Informationssysteme, EXCELLANCE, INC., and Falck A/S. Demers Ambulances and Tri-Star Industries Limited are among the leading manufacturers of mobile stroke units globally.

The rising prevalence of strokes worldwide presents lucrative growth opportunities for players in the mobile stroke unit market. Additionally, growing demand for cost-effective and efficient emergency medical services will support the market expansion over the forecast period.

Technological advancements in diagnostic imaging systems are also a key growth driver. Mobile stroke units are increasingly being equipped with high-resolution CT and MRI scanners, telemedicine capabilities, and ultrasound machines for more accurate diagnosis and treatment at the site. This helps facilitate quicker treatment interventions.

Market drivers
The primary driver boosting the GLOBAL MOBILE STROKE UNIT MARKET is the growing geriatric population who are more susceptible to strokes. According to WHO, over 17 million people suffer a stroke annually worldwide, with nearly 6 million deaths attributed to strokes every year. Furthermore, rapid strides in telemedicine technology are allowing mobile stroke units to leverage AI, cloud computing, and 5G to provide round-the-clock remote diagnosis and consultations, thereby improving healthcare access. This, along with rising healthcare expenditures, is expected to propel the mobile stroke unit market over the forecast period.

Current challenges in global mobile stroke unit market:
The global mobile stroke unit market faces several challenges currently which hinders its growth potential. Lack of awareness among masses about the importance of quick treatment in case of a stroke is a major issue. Many don’t recognize the signs and symptoms on time. Absence of standardized treatment protocols across regions also creates problems. In addition, high setup and operational costs of mobile stroke units pose a financial challenge for healthcare providers to invest in these units. Shortage of trained paramedics and neurologists to handle stroke cases inside mobile units is another challenge.

SWOT Analysis
Strength: Ability to provide stroke treatment within golden hour of onset. Quick response time leads to better clinical outcomes.

Weakness: Heavy investment required for setup and maintenance of units increases financial burden. Shortage of skilled professionals remains an issue.

Opportunity: Rising geriatric population prone to strokes creates demand. Initiation of government programs to reduce disability rates offers scope.

Threats: Alternative modes of rapid treatment may emerge. Budget constraints can affect expansion plans.

Geographically, North America accounts for the largest share of the global mobile stroke unit market currently in terms of value. This is attributed to rising prevalence of stroke cases, growing geriatric demography, and rapid adoption of technologically advanced solutions for stroke management. Asia Pacific is expected to witness the fastest growth during the forecast period owing to increasing healthcare spending, large patient pools, and growing awareness about benefits of time-critical treatment of stroke.

Currently, North America holds the highest share of the global mobile stroke unit market in terms of value. However, Asia Pacific region is expected exhibit fastest growth during the forecast period from 2024 to 2030 due to factors like rising healthcare expenditure, large patient population base, and growing awareness about critical need for timely treatment of stroke.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it