The Global Vena Cava Filters market to grow at a CAGR of 11.37 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased sale of retrievable filters. The Global Vena Cava Filters market has also been witnessing an increased number of mergers and acquisitions. However, the increasing number of FDA warnings could pose a challenge to the growth of this market.
The Global Vena Cava Filters market is currently experiencing a significant increase in the number of patent grants and approvals, thus authorizing the utilization of vena cava filters by patients. For instance, Atrium Medical announced the completion of patient enrollment for the iCARUS in 2010. Rex Medical L.P. also received FDA approval as well as the CE mark approval for the Option retrievable vena cava filter in 2009. Further, Cook Medical introduced the next-generation NavAlign system for streamlined IVC filter delivery in 2010. In addition to this, Lifetech Scientific Corp. obtained the CE mark approval for its vena cava filters in 2009.
One of the major factors driving the growth of the Global Vena Cava Filters market is the increase in the number of IVC filter implants in cancer patients. Cancer patients are currently experiencing increased incidences of VTE, which is treated using IVC filters.
One of the key challenges is the risk related to patients' health after the implantation of vena cava filters. Post an IVC filter implant, there are chances of patients suffering from complications such as chest pain, pericardial tamponade, or right ventricle punctures.
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