“Inferior Vena Cava (IVC) Filters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” a new report by Transparency Market Research, explains the current trends being followed in the manufacture, distribution, and usage of IVC filters. It also assesses how these factors are expected to influence the market’s future.
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The biggest factor guiding the growth rate of the global inferior vena cava (IVC) filters market is the increasing count of patients suffering from cardiovascular diseases. This is corroborated by global health agencies such as the World Health Organization. According to the WHO, nearly 17.3 mn people died from CVD in 2008. By 2030, a predicted number of 23.3 mn will be reached.
The global inferior vena cava filters market will therefore need to ramp up manufacturing as well as research and development efforts in order to supplement this high growth rate of patients. Common factors leading to the growing cases of CVD include unhealthy diet and lifestyles and high stress levels in urban areas.
Another driver for the global inferior vena cava filters market is a high level of government support. For instance, the U.S. FDA in 2014 had released the results of a study on the U.S. inferior vena cava filters market. Included with the study was data pertaining to the risks and rewards of using IVC filters. According to the study, an IVC filter will significantly reduce the risk of a pulmonary embolism in a CVD patient. Similar studies have been performed across the world through government aid, further promoting the growth of the global inferior vena cava filters market.
The global inferior vena cava filters market is expected to benefit greatly from the high amount of R&D efforts being put into device innovation. A lot of the new technologies being introduced to IVC filters are expected to improve their quality and ensure patient health. However, the market is expected to be hindered in the immediate future by high product costs.
From a geographical perspective, the global inferior vena cava filters market has been dominated by a steady North America, due to high demand from a larger percentage of CVD patients to the rest of the world. The second-highest demand for IVC filters comes from Europe, owing to reasons similar to North America: increasingly unhealthy lifestyles and a growing geriatric population.
Some of the key players in the global inferior vena cava filters market are Abbott Laboratories, 3M Healthcare, Cardiva Medical, Inc., Fudan University Zhongshan Hospital, Biosensors International Group, Ltd., Arterial Remodeling Technologiesuscome Limited, All Pro Corporation, Accellent, Inc., Lidco Group Plc, Fukuda Denshi Co., Ltd., and Baxter International Inc.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.