SEATTLE–(BUSINESS WIRE)–According to Coherent Market Insights, the global ischemia reperfusion injury therapeutics market is estimated to be valued at US$ 1,582.3 million by end of 2020 and is expected to exhibit a CAGR of 5.4% during the forecast period (2020-2027).
Key Trends and Analysis:
Ischemia reperfusion injury (IRI) is tissue damage that arises when blood supply returns to the tissue (reperfusion) after lack of oxygen (ischemia). The symptoms of ischemia injury include hypertension, bradycardia, and seizures.
The global ischemia reperfusion injury therapeutics market is expected to witness significant growth owing to adoption of strategies such as research & development and collaborative agreements by key players. For instance, Revive Therapeutics, a life-science company focused on research & development of drugs for ischemia reperfusion injury, received the Orphan Drug Designation in November 2018 for Cannabidiol.
In May 2016, NeuroVive and Sanofi entered a collaboration agreement to develop and commercialize CicloMulsion in South Korea. CicloMulsion is indicated for treatment of ischemia and reperfusion injury (IRI) in cardiovascular diseases. Under the agreement, NeuroVive received an upfront payment and royalty on potential future sales in the country.
Key players in the ischemia reperfusion injury market are also focused on obtaining drug approvals and clearance from regulatory authorities to maintain a competitive edge in the market. For instance, in November 2019, Faraday Pharmaceuticals announced positive results from phase II clinical trials of FDY-5301 for ischemia reperfusion injury treatment following a STEMI heart attack. FDY-5301 is a formulated, patented, elemental reducing agent that contains sodium iodide.
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Key Market Takeaways:
The global ischemia reperfusion injury therapeutics market is expected to exhibit a CAGR of 5.4% during the forecast period (2020-2027) owing to the rising focus of key players on developing novel treatment for ischemia reperfusion injury.
North America is expected to be the most lucrative region in the global ischemia reperfusion injury therapeutics market due to the growing demand for disease-specific treatment and rising number of FDA approvals for treatment of ischemia reperfusion injury. For instance, in May 2019, Abiomed received FDA approval for its STEM DTU trial of delayed ischemic reperfusion injury with impella CP.
Key players operating in the global ischemia reperfusion injury therapeutics market are Gilead Sciences, Inc., Omeros Corporation, Ensemble Therapeutics Corporation, Nyken B.V., Erimos Pharmaceuticals, LLC, Opsona Therapeutics Limited, Curatis Pharma GmbH, Pharming Group N.V., Biomedica Management Corporation, Orexo AB, Bolder Biotechnology, Inc., PledPharma AB, Bayer AG, Proteo, Inc., Angion Biomedica Corp., Prolong Pharmaceuticals, Antipodean Pharmaceuticals, Inc., Prothix BV, Amyndas Pharmaceuticals LLC, Stealth BioTherapeutics Inc., and Zealand Pharma A/S.
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Global Ischemia Reperfusion Injury Therapeutics Market, By Indication:
- Heart Injury
- Kidney Injury
- Intestine Injury
- Other Injury
Global Ischemia Reperfusion Injury Therapeutics Market, By Distribution Channel:
- Retail Pharmacies
- Hospital Pharmacies
Global Ischemia Reperfusion Injury Therapeutics Market, By Region:
- North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- By Country:
- Rest of Latin America
- Rest of Middle East
- South Africa
- Central Africa
- North Africa
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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.