Buerger’s Disease Market Overview
The global Buerger’s disease market has been evaluated as a steady market and it is expected to continue growing in the near future. Increasing incidence of Buerger’s disease is the major driver for this market. Introduction and increasing adoption of advanced diagnostic tools and new therapies are another important factor for the market growth.The Buerger’s Disease Market is anticipated to reach USD 592.6 Million by 2030 at 5.9% CAGR during the forecast period 2022-2030.
At present, there is no suitable treatment path for the diseases and the Buerger’s Disease Market Trends is primarily driven by research and the demand for the same. The diseases have received increased media coverage and have spread awareness after it was found that the Filipino President is afflicted with Buerger's disease. Although the precise cause of the disease is not clear, excessive use of tobacco has been found to be responsible to a certain extent. Increased investment in research and ongoing development of new therapies combined with launches of clinical trials are expected to drive market growth. Moreover, many companies are seeking approval for new treatments. In 2016, Stempeutics Research Pvt Ltd received partial approval for a stem cell-based treatment option of Buerger's disease. Growing advancements in medical technology and a rapidly developing global healthcare sector will lead to crucial discoveries and increase the availability of effective treatment for Buerger's disease.
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Buerger’s Disease Market Segmentation
- The global Buerger's disease market is segmented on the basis of diagnosis, treatment, and end-user. By diagnosis, the market is segmented into tissue biopsy, Allen's test, angiograms, and others. The angiogram segment is sub-segmented to include Computerized Tomography (CT) scan, Magnetic Resonance Imaging (MRI) scans, X-Rays, and
- By treatment, the market is segmented into smoking cessation and other treatments. Other treatments include intermittent compression of arms & legs, spinal cord stimulation, medication, surgery, amputation, therapeutic angiogenesis, and others. Other sub-segmentations are recorded in the report.
- By end-user, the market is segmented into hospitals & clinics, academic institutes, medical research centers, and others.
Buerger’s Disease Market Regional Analysis
Considering the global scenario of the Buerger’s disease market, there are four main regions, America, Europe, Asia Pacific, and Middle East & Africa.
America is the largest market for Buerger’s disease. The Americas mainly include North America and Latin America. North America is holding the largest market share in which US is dominating this market. Some major factors like advanced diagnostic and treatment facilities, funding for research, clinical trials and new drugs and therapy development, and rapid adoption of new therapies, are the driving forces for the growth for North America Buerger’s disease market. Average annual incidents of this disease is 12.6% in US. European region is the second important market, especially West European countries are dominating this region. Eastern European countries are also showing significant growth in this market. Asia Pacific market is witnessing rapid growth due to increasing incidence and awareness of the diseases, increasing spending and government initiative to increase awareness as well as to provide affordable healthcare. Due increasing number of smokers, the incidence rate is higher in Asia and Middle East as compare to the Americas and Europe. Talking about the market scenario of Middle East & Africa, this region is expected to grow significantly during the forecast period due to various factors such as increasing number of smokers, and changing healthcare practices. While lack of knowledge, limited access to the required healthcare facilities, availability of required products are inhibiting the growth of this market etc.
Major players in Buerger’s disease market:
There are plenty of large and small market players which operate in this market: FUJIFILM Holdings Corporation (Japan), General Electric Company (US), Koninklijke Philips N.V. (Netherlands), pluristem (Israel), Shimadzu Corporation (Japan), Siemens Healthcare GmbH (Germany), STEMPEUTICS RESEARCH PVT LTD (India) Toshiba Medical Corporation (Japan), t2cure GmbH (Germany), and others.
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