Rising Cases of Cardiovascular Diseases Fuelling Fractional Flow Reserve-Computed Tomography (FFR-CT) Demand: Fact.MR

According to Fact.MR, the global FFR-CT market is expected to witness a positive growth through 2021 and beyond. The expansion of the market is attributable to the rising cases of cardiovascular diseases such as coronary artery disease. Increasing application in multiple coronary artery disease is expected to accelerate the sales of FFR-CT. Additionally, key players are focusing on developing computed tomography error-free and technologically advanced, especially for the patients with multiple coronary artery disease is expected to improve the market demand in the healthcare sector.

For instance, according to the statistics of Centers for Disease Control and Prevention, around 18.2 million people above the age of 20 has succumbed to the coronary artery disease.

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"Technological advancements and error-free procedure demand from the doctors has prompted the manufactures to focus on developing advanced & compatible ultrasounds and computed tomography, accelerating the growth," says the Fact.MR analyst.

Key Takeaways

Application in multi-vessel coronary artery disease is expected to maintain dominance through 2030
In terms of end-user, diagnostic centers to be the most lucrative segment
United States expected to be one of the most prominent market owing to the well-established healthcare facilities
Technological advancements and several favorable government initiatives towards the reimbursements policies to aid FFR-CT demand in UK
China and India to emerge as potential FFR-CT market owing to the rising prevalence of cardiovascular disease
Hospitals to be the most lucrative segment in terms of end-user

Prominent Drivers

Rise in geriatric population and unnecessary painful procedures such as catheterization to boost the demand
Rise in prevalence of cardiovascular disease and chronic disease such as diabetes to be a major driver for FFR-CT
Favorable reimbursement policies offered by private medical insurance companies such to generate expansion prospects for the market

Competitive Landscape

Some of the major key players competing in the global Fractional flow reserve-computed tomography (FFR-CT) market are Abbott Laboratories, Boston Scientific Corp., Bracco SpA, GE Electric Co., Heartflow Inc., Medtronic PLC, Terumo Corporation, B. Braun Melsungen AG, Siemens AG, Koninklijke Philips N.V. The key players operating in the Fractional flow reserve-computed tomography (FFR-CT) market follow various promotional strategies such as development of new and advanced products and partnerships with other companies to boost the market consolidation activities.

The global Fractional flow reserve-computed tomography (FFR-CT) market is segmented based on Application, End User and Geography:

Based on the Product Type, Fractional flow reserve-computed tomography (FFR-CT) market are segmented into:

Application:

Multi-Vessel Coronary Artery Disease
Single-Vessel Coronary Artery Disease
Based on the End User, Fractional flow reserve-computed tomography (FFR-CT) market are segmented into:

Hospitals
Clinics
Specialty Centers
Ambulatory Surgical Centers
Others

More Insights on the Fractional Flow Reserve-computed Tomography (FFR-CT) Market

In its latest market research study, Fact.MR gives a detailed segmentation on the global fractional flow reserve-computed tomography (FFR-CT). In order to understand the scope of the market, drivers and challenges, the market is segmented on the basis of application (multi-vessel coronary artery disease, and single vessel coronary artery disease), end-user (hospitals,, clinics, specialty centers, ambulatory surgical centers, and others), and regions (North America, Latin America, South Asia, East Asia, Oceania and Middle East & Africa)

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