- Press Release
- Ischemia Reperfusion Injury Therapeutics Market to Reach US$ 2,290.1 Million by 2027
Ischemia Reperfusion Injury Therapeutics Market to Reach US$ 2,290.1 Million by 2027 - Coherent Market Insights
Published On : Aug 25, 2020
The Global Ischemia Reperfusion Injury Therapeutics Market, by Indication (Heart Injury, Kidney Injury, Intestine Injury, and Other Injury), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 1,582.3 million in 2020 and is expected to exhibit a CAGR of 5.4% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
There is no established treatment for ischemia reperfusion injury till now. Being a niche and capital intensive therapy area, companies are collaborating in order to synergize their strengths and develop a treatment.
For instance, in May 2019, Abiomed received an FDA approval for its STEM DTU trial of delayed ischemic reperfusion injury. This clinical trial will test the hypothesis that unloading the left ventricle for 30 minutes before ischemia and reperfusion injury (IRI) to reduce myocardial damage from a heart attack and decrease in the heart failure-related events in future.
In January 2020, a cannabis life sciences company, Revive Therapeutics Ltd., provided an update regarding its clinical development plan on liver diseases. The company’s aim is to expand its product pipeline by leveraging its U.S. Food and Drug Administration orphan drug designation for Cannabidiol for the prevention of ischemia and reperfusion injury from organ transplantation.
Browse 26 Market Data Tables and 28 Figures spread through 156 Pages and in-depth TOC on Ischemia Reperfusion Injury Therapeutics Market, by Indication (Heart Injury, Kidney Injury, Intestine Injury, and Other Injury), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Forecast to 2027"
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The emergence of drugs for treatment of complications related to ischemia reperfusion and rising number of research & development activities are some of the factors driving growth of the global ischemia reperfusion injury therapeutics. For instance, Faraday Pharmaceuticals in November 2019, announced phase II clinical trials’ positive top-line results of FDY-5301, for ischemia and reperfusion injury treatment.
Key Takeaways of the Global Ischemia Reperfusion Injury Therapeutics Market:
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