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Fractional Flow Reserve Market 2020 Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook To 2026 Research Report | DBMR Updates
Fractional Flow Reserve Market
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Market Analysis: Global Fractional Flow Reserve Market
Global fractional flow reserve market is expected to rise from to an estimated value of USD 1479.60 million by 2026 registering a healthy CAGR of 16.50% in the forecast period of 2019-2026. This rise in the market can be attributed to increasing ageing population, rising cases of cardiovascular disease coupled with increasing prevalence of diabetes amongst people.
Key Market Competitors: Global Fractional Flow Reserve Market
Few of the major market competitors currently working in the fractional flow reserve market are Abbott., Boston Scientific Corporation, ACIST Medical Systems., Koninklijke Philips N.V., Opsens, HeartFlow, Inc., Siemens Healthcare Private Limited, Pie Medical Imaging., Apollo Hospitals Enterprise Ltd., HeartFlow, Inc., CathWorks, Medis medical imaging systems bv, Medtronic and GENERAL ELECTRIC COMPANY amongst others.
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Market Definition: Global Fractional Flow Reserve Market
Fractional flow reserve (FFR) is a procedure that is based on guide-wire which can appropriately measure the blood pressure and flow via specific part of the coronary artery. A standard diagnostic catheter at the time of a coronary angiogram, which is also known as cardiac catheterization, is used to perform the fractional flow reserve procedure. FFR is useful in determining whether or not to opt for angioplasty or stenting on blockages in blood vessels.
Segmentation: Global Fractional Flow Reserve Market
Fractional Flow Reserve Market : By Technology
Invasive Monitoring
Non-Invasive Monitoring
Fractional Flow Reserve Market : By Application
Cardiology
Multi-Vessel Coronary Artery Disease (CAD)
Single-Vessel Coronary Artery Disease (CAD)
Fractional Flow Reserve Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Fractional Flow Reserve Market:
In January 2017, Abbott purchased the shares of St. Jude Medical, Inc., one of the leading players in cardiovascular and neuromodulation products including FFR catheters. Abbott will become a leader in the healthcare market with this acquisition expanding its product range, diversifying its product line and culture into an integrated one. Abbott with this acquisition would also become a key leader in cardiovascular products and in FFR products.
In August 2017, HeartFlow Inc. entered into an affirmative agreement with Royal Phillips, where in they both would collaborate with the main aim to improvise the diagnosis and treatments of those who are suffering with CAD diseases. Under this agreement, Royal Phillips would extensively promote the use of “HeartFlow FFRct Analysis” along with the promotion of its own advanced FFR catheters for scanning and evaluation of the coronary arteries of patients. With this integration, there would be significant improvements in the treatment of CAD diseases using FFR technology.
Fractional Flow Reserve Market Drivers :
Increasing ageing population would foster the growth of this market, as old people are more prone to diseases such as diabetes, CAD etc.
Technological advancements and the rising expenditure in R&D activities for the development of advanced FFR equipment’s would boost the growth of this market
Rise in the prevalence of cardio vascular diseases, with common occurrence of patients with high blood pressure and coronary artery diseases
Increase in the prevalence of diabetes amongst people due to growing consumption of junk food, fast food and sweets
Introduction of new and innovative devices in FFR would stimulate the growth of this market
Cost benefit arising from the use of FFR and the positive reimbursement scenario accelerates the growth of this market
Fractional Flow Reserve Market Restraints :
Occurrence of error in the predictions of FFR hinders the growth of this market.
Resistance from traditional cardiologists to adopt FFR
Reasons to Purchase this Report :
Current and future of global fractional flow reserve market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Report Highlights :
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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