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Critical Limb Ischemia Treatment Market is Projected to Expand at a High CAGR of 7.4% From 2019 to 2027

Transparency Market Research (TMR)  has published a new report titled, “Critical Limb Ischemia Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, the global critical limb ischemia treatment market was valued at US$ 1,523.50 Mn in 2018 and is projected to expand at a high CAGR of 7.4% from 2019 to 2027. Rise in prevalence of critical limb ischemia across the world is anticipated to drive the global market during the forecast period.

North America is projected to dominate the global critical limb ischemia treatment market during the forecast period. The market in the region is driven by increase in government initiatives and awareness about CLI and other risk associated disorders. The market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. The critical limb ischemia treatment market in North America is expected to expand at a moderate CAGR during the forecast period. The critical limb ischemia treatment market in Latin America is likely to grow at a sluggish pace from 2019 to 2027.

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  • Increase in Preference for Revascularization as Treatment Option to Drive Devices Segment

In terms of treatment, the devices segment is projected to account for dominant share of the global critical limb ischemia treatment market during the forecast period. The segment is anticipated to expand at a high CAGR from 2018 to 2026. Dominance of the segment is attributed to increase in patient preference for revascularization as the first line of treatment. The medications segment held major share of the market in 2018, followed by the devices segment, due to increase in acceptance and availability of antiplatelet drugs, lipid-lowering agents, and other medications.

  • Trend of Strategic Alliance with Local Companies to Strengthen Distribution Network and Expand Geographic Presence

The global critical limb ischemia treatment market is fragmented, owing to the presence of several small and large companies. However, the market is dominated by a few major players with strong global presence. The report provides profiles of leading players operating in the global critical limb ischemia treatment market. Key players in the market include Medtronic plc, Boston Scientific Corporation, Cesca Therapeutics Inc., Abbott Laboratories, Pluristem Therapeutics Inc., Rexgenero Ltd, LimFlow SA, Micro Medical Solutions, and Cardiovascular Systems, Inc.     

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