About Functional Flow Reserve
Fractional flow reserve is a technique used in coronary catheterization to measure pressure differences across a coronary artery stenosis to determine the possibility of the stenosis impeding delivery of oxygen to the heart muscle. According to a secondary source, about 370,000 people died due to coronary artery disease in the U.S. Moreover, the increasing aged population of over 60 years are more prone to cardiac diseases. As per an association survey of 2018, over 92 million U.S. adults are having cardiovascular disease or after-effects of stroke. Hence, the widening base of geriatric population is supporting the market growth. According to a secondary source, about 18 million people die globally due to cardiovascular diseases. In addition, the increasing number of diabetes with various associated risks such as the accumulation of fatty cells in coronary arteries are major reasons for the blockage. This will increase the demand for fractional flow reserve in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 15.65% |
The key players are targeting the innovations of the solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Functional Flow Reserve market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott (United States), Boston Scientific (United States), Opsens (Canada), ACIST Medical Systems (United States), Koninklijke Philips N.V. (Netherlands), HeartFlow, Inc. (US), Siemens Healthineers (Germany), Pie Medical Imaging (Netherlands), CathWorks (Israel), Medis Medical Imaging Systems BV (Netherlands), GE Healthcare (United States) and Pulse Medical Imaging Technology (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Functional Flow Reserve market by Type (FFR Guidewires Systems and FFR Monitoring Systems), Application (Single-vessel Diseases and Multi-vessel Disease) and Region.
On the basis of Type, FFR Guidewires Systems are dominating the market in the year 2023 where as FFR Monitoring Systems stood as second largest market share.
On the basis of application, Multi-vessel Disease segment is dominating the market in the year 2023 where as Single-vessel Diseases segment stood as second largest market .On the basis of geography, the market of Functional Flow Reserve has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Measurement, the sub-segment i.e. 2D will boost the Functional Flow Reserve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Functional Flow Reserve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disease, the sub-segment i.e. Cardiology will boost the Functional Flow Reserve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Invasive Monitoring will boost the Functional Flow Reserve market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Number Of Clinical Trials And Regulatory Approvals and Trend For Quantitative Flow Ratio (QFR)
Market Growth Drivers:
Increasing Prevalence Of Cardiovascular Diseases, Rising Geriatric Population and Escalating Costs are Driving Attention Toward Value-Based Healthcare
Challenges:
Technical Limitations FFR
Restraints:
Reluctance to Adopt FFR by Cardiologists
Opportunities:
Growth Potential In Emerging Economies, Increasingly Focusing On R&D On Developing FFR Techniques and Rising Number Of Clinical Trials And Regulatory Approvals
Market Leaders and their expansionary development strategies
On October 26, 2023, Functional Flow Reserve merged with Medtronic, a leading medical technology company. This merger aimed to expand Functional Flow Reserve's product offerings in the cardiovascular market, leveraging Medtronic's extensive distribution network and expertise.
In December 2023, Functional Flow Reserve launched its next-generation Fractional Flow Reserve (FFR) device, the FFRx. This new device promises faster and more accurate measurements of coronary blood flow, potentially leading to better decision-making in the management of coronary artery disease.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Functional Flow Reserve Manufacturer, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.