Research Nester published a report titled “Vertebrobasilar Artery Syndrome Treatment Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global vertebrobasilar artery syndrome treatment market in terms of market segmentation by diagnosis, treatment, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global vertebrobasilar artery syndrome treatment market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of treatment into surgery and medication, among which, the medication segment is anticipated to hold the largest share in the market over the forecast period owing to the lower cost, and easier administration of drugs. Moreover, the risk involved with bypass surgeries is another factor estimated to promote the demand for medication as the treatment for vertebrobasilar artery syndrome.
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The global vertebrobasilar artery syndrome treatment market is estimated to grow on the back of increasing prevalence of lifestyle diseases and poor healthcare habits, in majority of the population, along with rising geriatric population of the world. The primary cause of vertebrobasilar artery syndrome is the deposition of plaque made of cholesterol and calcium in the arteries, which narrows or even blocks the arteries. This prevents the flow of blood to the back of the brain. The poor lifestyle, including habits like smoking and drinking, increases the risk of vertebrobasilar artery syndrome, which is estimated to boost the market growth.
On the basis of geographical analysis, the global vertebrobasilar artery syndrome treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to gain significant growth during the forecast period on account of developing healthcare infrastructure and improving medical facilities in developing nations. Moreover, rising geriatric population in the countries, such as, India and China, is estimated to boost the market growth. As per the data by the World Bank, 11.96% of the total population of China was above 65 years, in 2020.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Rising Global Geriatric Population to Boost the Market Growth
According to the statistics by the World Bank, the global geriatric population, i.e., population aged above 64 years crossed 722,133,150 in 2020, which is 9.318% of the total global population.
Vertebrobasilar artery syndrome is common in older adults owing to the higher levels of LDL or bad cholesterol in their bodies. This is why, the growing geriatric population is estimated to have a positive influence on the market growth. Moreover, increasing health awareness amongst the population is also estimated to boost the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, lack of health awareness amongst people is expected to operate as key restraint to the growth of the global vertebrobasilar artery syndrome treatment market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global vertebrobasilar artery syndrome treatment market which includes company profiling of Merck & Co., Inc., Siemens Healthcare GmbH, Boehringer Ingelheim International GmbH, Johnson & Johnson Services, Inc., Baxter International, Inc., Novartis AG, Sanofi-aventis Groupe, Pfizer, Inc., and AbbVie Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global vertebrobasilar artery syndrome treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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