What is Critical Limb Ischemia Treatment Market?
Critical limb ischemia (CLI) is a serious blockage in the arteries of the lower extremities that decreases blood flow significantly. It's a more severe form of peripheral arterial disease (PAD) than claudication, but it's less common. CLI is a long-term disease that causes intense pain in the feet or toes, even when the person is at rest. Aging, as geriatric people are more vulnerable to the development of these disorders, diabetes, obesity, exceptionally high cholesterol levels, sedentary lifestyle, smoking, and elevated blood pressure are all contributing factors in critical limb ischemia disease.
The market study is being classified by Type (Medications (Antiplatelet Drugs, Antihypertensive Agents, Lipid-lowering Agents, Others), Endovascular Treatments and Surgery), by Application (Hospital, Clinic and Other) and major geographies with country level break-up.
Medtronic plc (United States), Boston Scientific (United States), ThermoGenesis Holdings (United States), Abbott Laboratories (United States), Pluristem Therapeutics Inc. (Israel), Rexgenero (United Kingdom), LimFlow (France), Micro Medical Solutions (United States) and Cardiovascular Systems (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Critical Limb Ischemia Treatment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Critical Limb Ischemia Treatment market by Type, Application and Region.
On the basis of geography, the market of Critical Limb Ischemia Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rise in Prevalence of Critical Limb Ischemia
- Increase in Awareness about Critical Limb Ischemia
Market Trend
- Growth in Advances in the Treatment Rate
- Presence of Refined Healthcare Infrastructure
Restraints
- Drug Failure and Drug Recalls
Opportunities
- Rise In Research and Development Activities
- Increasing Government Initiatives and Support in the Healthcare Industry
Challenges
- Stringent Government Rules and Regulations
Market Leaders and some development strategies
In Sept 2019, Cesca Therapeutics Inc. and ThermoGenesis signing of an exclusive, global distribution agreement in which the Company will supply its X-Series® cell processing products to a leading, major life sciences distributor who will market them globally. The X-Series products are major components of the Company's CAR-TXpress™ platform, a semi-automated, closed cellular processing platform used for high-efficiency cell purification and cell washing.
In August 2020, Cipla Limited announced that its partner Stempeutics Research Pvt. Ltd has received regulatory approval from the Drug Controller General of India (DCGI) for the launch of Stempeucel® in India. The product is indicated for the treatment of CLI due to Buerger’s Disease and Atherosclerotic Peripheral Arterial Disease. It is the first allogeneic cell therapy product to be approved for commercial use in India and the first stem cell product to be approved globally for CLI treatment., , and In Oct 2019, Cesca Therapeutics Inc. announced that the company will change its name to ThermoGenesis Holdings, Inc. in order to better reflect its new strategic focus on becoming a key solution provider for cell manufacturing tools and services in the cell and gene therapy markets.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Critical Limb Ischemia Treatment Providers, Healthcare Industry, Government Regulatory and Research Organizations, End-Use Industries and Others