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Critical Limb Ischemia Global Market Report 2024 - By Size, Share, Growth And Demand, Forecast To 2033
Critical Limb Ischemia Market
As per the report, the critical limb ischemia market size has grown strongly in recent years. It will grow from $3.29 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The critical limb ischemia market size is expected to see strong growth in the next few years. It will grow to $5.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
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Rising Incidence Of Diabetes Mellitus And Peripheral Artery Diseases Drives Critical Limb Ischemia Treatment Market Growth
The rising incidence of diabetes mellitus and peripheral artery diseases is expected to propel the growth of the critical limb ischemia treatment market going forward. Diabetes mellitus refers to a metabolic disease condition that involves elevated levels of blood glucose. Peripheral artery disease refers to a condition where leg arteries are narrowed, reducing blood flow to the arms or legs. The likelihood of vascular complications and amputation is increased by diabetes and peripheral artery diseases, making them risk factors for causing critical limb ischemia. Therefore, the rising incidence of diabetes mellitus and peripheral artery diseases is driving the growth of the critical limb ischemia market. For instance, in January 2022, according to the International Diabetes Federation, a Belgium-based umbrella organization of national diabetes associations, the global diabetes prevalence in 20-79-year-olds in 2021 was 536.6 million and was expected to increase by 12.2% (783.2 million) in 2045. Furthermore, in March 2023, according to the journal published by Oxford University Press, a UK-based university press of the University of Oxford, more than 200 million people were affected by peripheral artery diseases in 2020, and it is expected to increase by nearly 50% by 2045. Therefore, the growing adoption of cloud-based document processing services is driving the critical limb ischemia treatment market.
Technological Advancements Drive Innovations In Critical Limb Ischemia Treatment Market
Technological advancements are a key trend gaining popularity in the critical limb ischemia treatment market. Major companies operating in the critical limb ischemia treatment market are adopting new technologies to strengthen their position in the market. For instance, in January 2021, the Society for Vascular Surgery (SVS), a major national academic society for vascular surgery in the United States, launched three new mobile applications related to chronic limb-threatening ischemia treatment: the VQI CLTI Mortality Prediction Model, the SVS Threatened Limb Classification [WIfI] calculator, and the Global Limb Anatomic Staging System [GLASS] calculator. They are uniquely designed applications that guide physicians in the treatment and management of chronic limb-threatening conditions, allowing real-time estimation of patient risk, the severity of limb threat, and the anatomic complexity of the disease.
The critical limb ischemia market covered in this report is segmented -
1) By Type: Devices, Drugs, Surgery
2) By Medication: Antihypertensive Agents, Antiplatelet Drugs, Antithrombotic Agents, Other Medications
3) By Application: Hospital, Clinic, Other Applications
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Major companies operating in the critical limb ischemia market report are Medtronic Plc, Boston Scientific Corporation, ThermoGenesis Holdings Inc., Abbott Laboratories, Pluri Biotech Ltd., Rexgenero Ltd., LimFlow SA, Micro Medical Solutions, Cardiovascular Systems Inc., Cynata Therapeutics Ltd, Shanghai MicroPort Medical (Group) Co Ltd., B. Braun SE, Teva Pharmaceutical Industries Ltd., Aldagen Inc., Cook Medical, Philips, BD, Penumbra Inc., Cardinal Health Inc., Teleflex Incorporated, AngioDynamics Inc., Endologix Inc., Terumo Corporation, Teleflex, MicroPort Scientific, Silk Road Medical, LeMaitre Vascular Inc., Merit Medical Systems Inc., Shockwave Medical, Avinger, Biomerics LLC, Intact Vascular Inc., Soundbite Medical Solutions, Bluegrass Vascular Technologies, PQ Bypass, Vasorum Ltd, Rex Medical, Otsuka Medical Devices, Aortica Corporation .
Contents of the report:
1. Executive Summary
2. Critical Limb Ischemia Market Report Structure
3. Critical Limb Ischemia Market Trends And Strategies
4. Critical Limb Ischemia Market - Macro Economic Scenario
5. Critical Limb Ischemia Market Size And Growth
…..
27. Critical Limb Ischemia Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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