New York, NY, July 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Critical Limb Ischemia Treatment Market By Treatment (Devices and Medications): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the demand for global critical limb ischemia treatment market was USD 3,129 million in 2018 and is expected to generate USD 5,390 million by 2025, at a CAGR of 8.1% between 2019 and 2025.
Critical limb ischemia is a chronic disease of peripheral arteries, in which chronic inflammation allied with atherosclerosis causes abridged flow of blood and oxygen to the legs, hands, and feet. This, in turn, leads to chronic pain and soreness. The key factors responsible for critical limb ischemia disease include aging, as geriatric people are more susceptible to the development of these conditions, diabetes, obesity, extremely high cholesterol levels, sedentary lifestyle, smoking, and increased blood pressure. Untreated critical limb ischemia can even lead to amputation of the specific limb. An average of 25% of patients with critical limb ischemia loses a limb. The growing prevalence of critical limb ischemia is expected to drive the demand for its treatment, which, in turn, is predicted to propel the growth of the critical limb ischemia treatment market globally.
Browse through 21 Tables & 17 Figures spread over 120 Pages and in-depth TOC on “Global Critical Limb Ischemia Treatment Market: Industry Size, Share, Trends, Applications, Analysis and Forecast, 2018–2025”.
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The critical limb ischemia treatment market is fragmented on the basis of treatment and region. By treatment, the market is segmented into two major categories—devices and medications. On the basis of devices, the global critical limb ischemia treatment market includes peripheral dilatation systems and embolic protection devices. The peripheral dilatation systems are further classified into vascular stents, and balloon dilators. In terms of revenue share, the devices segment accounted for the major share in the global market in 2018 and is expected to register the highest CAGR in the over the forecast timeframe. This can be due to the growing demand for technically advanced treatments, such as balloons and stents, to treat critical limb ischemia. The peripheral dilatation systems dominated the market 2018, as these devices provide efficient dilation and shield the artery walls.
The medications segment of the critical limb ischemia treatment market includes antihypertensive agents, antiplatelet drugs, antithrombotic agents, lipid-lowering agents, and others. In terms of growth rate, the critical limb ischemia devices segment is expected to register the highest CAGR in the global market over the forecasted time span. About 40% of patients are not suitable for surgical interventions, such as revascularization, and hence, the development of medication for such diseases is growing rapidly. For instance, PLX-PAD is a phase III molecule, which is among the most promising new reformative and cell rehabilitation.
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North America accounted for the largest share of the global critical limb ischemia treatment market in 2018 and is expected to lead over the forecast time period as well. The high prevalence of critical limb ischemia, large number of pipeline drugs awaiting approval, improving reimbursement policies, and growing awareness about advanced treatment for critical limb ischemia are some key factors propelling the North America critical limb ischemia treatment market.
Europe held the second spot in the global critical limb ischemia treatment market in 2018, due to growing adoption of newer treatment options and a large base of pharmaceutical companies in the region. Germany accounted for the major share in the European critical limb ischemia treatment market in 2018, and UK is expected to register the highest CAGR in the future. The high regional prevalence of ischemic disease is expected to further support the regional market growth.
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The Asia Pacific region is expected to register the highest growth in the global critical limb ischemia treatment market in the years to come, owing to the increasing awareness among the regional population about the critical limb ischemia and the growing government support to avail the best treatment. Japan and China accounted for major shares in the Asia Pacific critical limb ischemia treatment market in 2018, due to the growing healthcare expenditure and rising investments by leading companies for the new product development. Moreover, diversified patient pool and lifestyle factors like rising alcohol consumption, escalating smoking rate, and stressed lifestyle are also expected to propel the prevalence of ischemic limb disease over the forecast time period.
Latin America and the Middle East and Africa regions accounted for least shares in the global critical limb ischemia treatment market, owing to low disease awareness and reluctance toward acceptance of newer treatment options.
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Some major players of the global critical limb ischemia treatment market are Boston Scientific Corporation, Medtronic, Cesca Therapeutics, Pluristem Therapeutics, Abbott Laboratories, Rexgenero, Micro Medical Solutions, LimFlow, and Cardiovascular Systems.
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This report segments the global critical limb ischemia treatment market into:
Global Critical Limb Ischemia Treatment Market: Drug Type Analysis
- Devices
- Embolic Protection Devices
- Peripheral Dilatation Systems
- Balloon Dilators
- Vascular stents
- Medications
- Antiplatelet Drugs
- Antihypertensive Agents
- Lipid-lowering Agents
- Antithrombotic Agents
- Others
Global Critical Limb Ischemia Treatment Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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