How Lower Procedure Cost Influencing Demand for Vertebrobasilar Insufficiency Treatment?, Opines Fact.MR
03 Mar 2021
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Fact.MR, a global research & consulting firm, in their latest edition of the report, anticipated that the vertebrobasilar insufficiency treatment market is projected to foresee a steady growth pace. Fast turnaround time as well as low cost of procedures in contrast to conventional techniques is fuelling the industry growth.
“Several software and applications of vertebrobasilar insufficiency treatment procedures utilized for tracking/analyzing artery blockage as well as the central nervous system is boosting the acceptance of routine checks for vertebrobasilar insufficiency, which is further bolstering the growth of vertebrobasilar insufficiency treatment industry.” states Fact.MR.
Surging Incidences of Vertebrobasilar Insufficiency Driving Demand
Surging incidence of vertebrobasilar insufficiency is anticipated to support the overall industry growth. As per the Dartmouth Medical School survey, in the U.S., around 700,000 adults had a stroke as well as 80% of all strokes are ischemic. The Cardiovascular Health Study, reported that Vertebrobasilar insufficiency was foreseen in 62 of 5,888 study participants. These studies reflected that the rate of any myocardial infarction, stroke, and death were higher amid patients with vertebrobasilar insufficiency.
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Why is Demand for Antiplatelet Drugs More?
Antiplatelet drugs for the treatment of vertebrobasilar insufficiency has been lucrative and is likely to remain lucrative in 2021 and beyond. The growth can be mainly attributed to its widespread adoption to restrict the threat of future strokes.
Antiplatelet drugs stops the blood cells from jabbing together and forming a clot which could lead to a stroke or heart attack. One of the most common antiplatelet drug, aspirin is administered in case of acute ischemic stroke.
What Drives Vertebrobasilar Insufficiency Treatment Industry in the US & the UK?
The US & the UK reflect strong expansion in revenue terms because of rising awareness pertaining to the diagnosis of vertebrobasilar insufficiency on the back of routine health check-ups. The economical procedure in contrast to other substitute treatments as well as low risks related with the procedure are amid the prime factors fuelling the industry growth.
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The developing cluster of India, China, South Korea, South Africa, Mexico and Brazil is projected to gain momentum in 2021 and beyond. In these regions, patients experiencing vertebrobasilar insufficiency are majorly prescribed substitute medicines that ensues in chronic adverse effects.
New Product Launches and Collaborations Remain Prime Focus Areas: Fact.MR Survey
The vertebrobasilar insufficiency treatment market appears competitive with several players operating in the market. Fact.MR’s survey reflected that the major players are engaged in new product launches, collaborations, acquisition and clinical trials. The updated edition of the report offer all-inclusive coverage of the projected to remain notable strategies of the companies. A few of the key companies profiled in the report are AstraZeneca plc., Novartis Pharmaceuticals, Intas Pharmaceutical Ltd., Pfizer Inc., Sun Pharmaceutical Industries Ltd., Cadila Pharmaceuticals, Sanofi S.A., Abbott Pharmaceuticals, Medichem S.A., LGM Pharma, and GE Healthcare. The recent edition also offers a comprehensive analysis of the COVID-19 impact on this market.
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