July 23, 2024
Critical Limb Ischemia Treatment Market

Critical Limb Ischemia Treatment Market Poised to Witness High Growth Owing to Rising Geriatric Population

Critical Limb Ischemia (CLI) is a severe blockage in arteries that drastically reduces blood flow to limbs. This condition can cause pain and may ultimately lead to gangrene or amputation if left untreated. The key treatments for CLI include drugs such as antiplatelets and statins, minimally invasive procedures like balloon angioplasty and stent placement, and surgical bypass operations. The increasing geriatric population and growing diabetes prevalence are major factors driving the demand for CLI treatment options globally.

The Global Critical Limb Ischemia Treatment Market is estimated to be valued at US$ 9.11 Billion in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period from 2024 to 2031.

Key Takeaways

Companies operating in the Critical Limb Ischemia Treatment Market Share are Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Cook Medical Inc., Cardiovascular Systems, Inc., Philips Healthcare, B. Braun Melsungen AG, Terumo Corporation, Biotronik SE & Co. KG, Cordis Corporation, Smith & Nephew plc, Stryker Corporation, AngioDynamics, Inc., GE Healthcare, Sanofi S.A., AstraZeneca plc, and Bristol-Myers Squibb Company.

Key opportunities in the Critical Limp Ischemia Treatment Market Demand include increased adoption of minimally invasive procedures and new drug development for severe CLI cases. Advancements in endovascular therapies and drug-coated balloons are also providing new avenues for market growth.

With the rising prevalence of diabetes and peripheral artery disease globally, major market players are focusing on expanding their geographic presence in countries with large target patient populations such as China, India, Brazil, and certain African nations. Partnerships with local distributors will help increase clinical awareness and adoption of advanced treatment options in these emerging markets.

Market drivers

The rising geriatric population is a major driver for the CLI treatment market. People above the age of 65 have a significantly higher risk of developing peripheral artery disease due to atherosclerosis. According to estimates, over 1.6 billion people will be aged 65 years and older by 2050. The increasing diabetes burden is another key factor fueling market growth. Diabetes is a primary cause of peripheral artery obstruction and over 420 million people currently suffer from this metabolic disorder worldwide. As diabetes population rises, demand for effective CLI management will continue to surge over the coming years.

PEST Analysis

Political: Changes in regulations for the approval of new critical limb ischemia treatment devices and therapies. New regulations may expedite or delay market growth.

Economic: Rising healthcare spending in major markets and increasing demand for effective treatment options for peripheral artery disease and critical limb ischemia. The high treatment costs also impact market potential.

Social: Growing geriatric population susceptible to peripheral vascular disorders and critical limb ischemia. Increased adoption of minimally invasive procedures drives market growth.

Technological: Advancements in drug therapies, novel stent technologies, and tissue engineering solutions help address unmet needs. Developments in digital health and remote monitoring solutions may influence future market trends.

The North American region accounted for the major share of the global critical limb ischemia treatment market in terms of value in 2024 owing to factors such as the high diagnosis and treatment rates for peripheral artery disease,growing elderly population, rising incidence of diabetes and approvals for new treatment devices .Some of the key markets in North America are the United States and Canada.

The Asia Pacific region is anticipated to be the fastest growing market for critical limb ischemia treatment between 2024 to 2031 due to large patient pools,rising healthcare spending,rapid economic growth and infrastructural development in several countries.China and India represent major growth opportunities for market players in the Asia Pacific region.

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

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. LinkedIn

 

About Author - Vaagisha Singh

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. LinkedIn  

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