Market Size of Global Critical Limb Ischemia Treatment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Critical Limb Ischemia Treatment Market Analysis
The critical limb ischemia treatment market is anticipated to grow with a CAGR of nearly 8.3% over the forecast period.
The COVID-19 pandemic had a significant impact on the healthcare systems with significant consequences for not only COVID-19-infected patients but also others, resulting in the cancellation of diagnostic and treatment procedures. For instance, according to an article published by the Internal Journal of Surgery Case Reports in March 2021, hospitals deferred elective procedures, venous surgeries, and the treatment of asymptomatic conditions requiring intervention, thus impacting the market growth. Additionally, according to a study published in the Journal of Vascular Surgery in August 2021, the SARS-CoV-2 infection had been linked to an increased risk of thrombotic complications, including limb ischemia. COVID-related limb ischemia appeared in individuals with a low incidence of comorbidities and was associated with a high death and amputation risk. As a result, the increased risk of limb ischemia associated with COVID-19 infection substantially impacted the market. However, currently, the market is growing at a stable pace owing to a resumption of surgical procedures and it is expected to witness a similar trend over the coming years.
Certain factors that are propelling the market growth are the increasing prevalence of critical limb ischemia and the improvement in healthcare infrastructure.
The significant burden of critical limb ischemia is expected to propel the growth of the market. For instance, according to a June 2022 study published in the Journal of Clinical Medicine, the mean annual incidence of chronic limb-threatening ischemia (CLTI) in New Zealand (NZ) was 36.2 per 100,000 people in 2021. Men had a higher annual incidence of CLTI conditions. Thus, this is expected to rise in demand for its treatment, thereby boosting the market growth.
Additionally, the growing prevalence of the risk factors which increase CLI incidence is expected to boost the growth of the market. For instance, according to an article published by the Korean Circulation Journal in June 2021, it has been observed that the obese and underweight groups are more likely to experience critical limb ischemia and infrapopliteal artery disease. According to the WHO European Regional Obesity report 2022, overweight and obesity have reached epidemic proportions in the WHO European Region, impacting about 60% of individuals. Children are also affected with 7.9% of children under the age of 5 and one out of every three school-aged children being overweight or obese. Alarmingly, there have been consistent increases in the prevalence of overweight and obesity in the WHO European Region and no Member State is on track to reach the target of halting the rise in obesity by 2025. This is expected to increase the demand for critical limb ischemia treatment, thereby fueling the market growth.
Furthermore, various strategies adopted by the market players such as product launches, mergers and acquisitions, and product development are expected to support the market's expansion over the forecast period. For instance, in May 2022, Filterlex Medical Ltd., a cardiovascular medical device firm, announced the positive results of a first-in-human (FIH) trial demonstrating the CAPTIS device's safety, practicality, and performance. CAPTIS is a next-generation, full-body embolic protection device that minimizes the risk of stroke and other complications during left-heart surgery by releasing embolic particles into the bloodstream. Hence, such studies are likely to contribute to the market growth over the forecast period.
However, stringent regulatory guidelines and an increasing number of recalls may restrain the market growth.
Critical Limb Ischemia Treatment Industry Segmentation
As per the scope of this report, critical limb ischemia is a chronic disease of peripheral arteries in which chronic inflammation associated with atherosclerosis causes the shortened flow of blood and oxygen to the legs, hands, and feet. It results in excruciating pain, numbness, and sores on the hands, feet, or legs that heal slowly. It is a severe disorder that raises the chance of death, heart complications, and limb amputation.
The Critical Limb Ischemia Treatment Market is segmented by Treatment Type (Devices (Embolic Protection Devices and Peripheral Dilatation Systems), Drug (Antiplatelet Drugs, Antihypertensive Agents, Lipid-lowering Agents, and Others), and Surgery), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
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Global Critical Limb Ischemia Treatment Market Size Summary
The critical limb ischemia treatment market is poised for significant growth, driven by an increasing prevalence of the condition and advancements in healthcare infrastructure. The market is recovering from the disruptions caused by the COVID-19 pandemic, which had led to the postponement of elective procedures and impacted treatment availability. The pandemic also highlighted the association between SARS-CoV-2 infection and an increased risk of limb ischemia, further influencing market dynamics. As healthcare systems resume normal operations, the demand for critical limb ischemia treatments is expected to rise, supported by the growing incidence of risk factors such as obesity and diabetes. These factors are contributing to a higher demand for effective treatment solutions, thereby propelling market expansion.
The market is characterized by the presence of key players engaging in strategic activities such as product launches, mergers, and acquisitions to strengthen their market position. Innovations in medical devices, such as embolic protection devices, are anticipated to drive market growth due to their ability to reduce complications during surgical procedures. North America is expected to dominate the market, fueled by a high prevalence of critical limb ischemia and the presence of major industry players. The development of technologically advanced devices and drugs, along with regulatory approvals, is further expected to augment market growth. The competitive landscape remains dynamic, with companies like Medtronic, Abbott Laboratories, and LimFlow actively participating in market activities to capture a larger share.
Global Critical Limb Ischemia Treatment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of Critical Limb Ischemia
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1.2.2 Improvement in Health Care Infrastructure
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Guidelines and Increasing Number of Recalls
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value in USD million)
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2.1 By Treatment Type
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2.1.1 Devices
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2.1.1.1 Embolic Protection Devices
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2.1.1.2 Peripheral Dilatation Systems
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2.1.2 Drugs
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2.1.2.1 Antiplatelet Drugs
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2.1.2.2 Antihypertensive Agents
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2.1.2.3 Lipid-lowering Agents
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2.1.2.4 Other Drugs
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2.1.3 Surgery
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Global Critical Limb Ischemia Treatment Market Size FAQs
What is the current Global Critical Limb Ischemia Treatment Market size?
The Global Critical Limb Ischemia Treatment Market is projected to register a CAGR of 8.30% during the forecast period (2024-2029)
Who are the key players in Global Critical Limb Ischemia Treatment Market?
Medtronic plc, LimFlow SA, Cardiovascular Systems, Inc, Eli Lilly and Company and Abbott Laboratories are the major companies operating in the Global Critical Limb Ischemia Treatment Market.
