What is Inferior Vena Cava Filter Market Scope?
The inferior vena cava filter is a cone shaped medical device that is equipped in the inferior vena cava filter and applicable in kidneys. It is used to design for capture an embolism or a blood clot that broken loose from one of the deep veins in the legs on its way to the heart and lungs. The inferior vena cava filter market is directly related to the growth of the demand for improved medical imaging and minimally invasive medical procedures. The equipment is applicable in various countries to prevent from pulmonary embolism. It has been observed that increasing number of cardiovascular diseases is expected to flourish the inferior vena cava filter in future. The manufacturers of inferior vena cava filter are expanding their businesses in Asia-Pacific countries as these countries are focused towards treatment of venous thromboembolism.
Inferior Vena Cava Filter Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase in Demand of Medical Imaging and Invasive Medical Procedures.
- Increase Demand of Technology Advancements Leads to Better Product Portfolio.
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Influencing Trends | - Increase demand due to wireless communication technologies in Inferior vena cava market.
- Upsurge demand due to blockage of the pulmonary artery.
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Restraints | - High Cost Associated with Invasive Medical Procedures.
- Increase in Risk of Filter Related to Deep Venous Thrombosis (DVT) And PE Recurrence Hampers the Growth Of Inferior Vena Cava Filter Market.
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Road Blocks / Challenges | - Lack of Research and Development in the Field of Inferior Vena Cava Filter Market.
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Gaps & Opportunities | - Focus on Expansion of Digital Cauterization Laboratories.
- Rise in Number of Cardiovascular Diseases.
- The development of biodegradable IVC filters.
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The Inferior Vena Cava Filter market study is being classified by Type (Retrievable Inferior Vena Cava Filter and Permanent Inferior Vena Cava Filter), by Application and major geographies with country level break-up.
According to AMA, the Global Inferior Vena Cava Filter market is expected to see growth rate of 10.4% and may see market size of USD1082.7 Million by 2027. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Inferior Vena Cava Filter market throughout the predicted period.
C.R. Bard, Boston Scientific, Cardinal Health, Cook Medical, B.Braun (Germany) and ALN are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Braile Biomedica (Brazil), Philips Volcano (United States), Argon Medical Devices (United States) and VENITI (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Inferior Vena Cava Filter market by Type, Application and Region.
where as Treatment Venous Thromboembolism (VTE) segment stood as second largest market.
On the basis of geography, the market of Inferior Vena Cava Filter 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 hold largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their Development Strategies
In September 2018, BTG acquired Novate Medical. This acquisition is beneficial in providing prevention of pulmonary embolism in patients at high risk of venous thromboembolic events.
Argon Medical Devices, Inc. introduced an option ELITE Inferior Vena Cava Filter System that is beneficial in protects against recurrent pulmonary embolism (PE). It also exhibits unique anchoring system that makes retrievals easier and standard or over-the-wire technique via jugular, femoral, antecubital, or popliteal access.
“According to FDA (Food and Drug Administration) it defines that substantial equivalence determination does not mean that FDA has made a determination that your device complies with other requirements of the Act or any Federal statutes and regulations administered by other Federal agencies”.
Key Target Audience
Inferior Vena Cava Filter Manufacturers, Inferior Vena Cava Filter Traders, End-Use Market Participants of Different Segments of Inferior Vena Cava Filter, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
Inferior Vena Cava Filter Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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