Press release
Inferior Vena Cava Filters Market Report 2024: Strategies And Recent Developments
Inferior Vena Cava Filters Market
The Business Research Company offers in-depth market insights through Inferior Vena Cava Filters Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The inferior vena cava filters market size has grown strongly in recent years. It will grow from $5.14 billion in 2023 to $5.57 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to risen incidence of deep vein thrombosis, growth in aging population, preventive measures for pulmonary embolism, advancements in filter designs, awareness programs and medical education.
The inferior vena cava filters market size is expected to see strong growth in the next few years. It will grow to $7.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing surgical procedures and trauma cases, focus on outpatient settings, rise in chronic diseases and comorbidities, global aging population trends, expanded access to healthcare services. Major trends in the forecast period include enhanced thrombus capture capabilities, exploration of alternative anticoagulant therapies, increased collaboration between manufacturers and healthcare providers, continuous regulatory compliance and monitoring, growing awareness and education initiatives.
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Market Segmentation:
The inferior vena cava filters market covered in this report is segmented -
1) By Product: Retrievable Inferior Vena Cava(IVC) Filters, Permanent Inferior Vena Cava(IVC) Filters
2) By Material: Non-Ferromagnetic Materials, Ferromagnetic Materials
3) By Application: Treatment Of Venous Thromboembolism (VTE), Prevention Of Pulmonary Embolism (PE), Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Major Driver - Surge In The Prevalence Of Venous Thromboembolism Anticipated To Fuel The Growth Of The Inferior Vena Cava Filter Market
The increase in the prevalence of venous thromboembolism is expected to propel the inferior vena cava filter market going forward. Venous thromboembolism (VTE) refers to blood clots in the veins that can cause disability and death if not treated. Inferior vena cava filters are devices used to stop the blood clot from traveling to the heart or lungs, thereby preventing venous thromboembolism. For instance, in February 2023, according to statistics published by the Centers for Disease Control and Prevention, a Georgia-based public health agency, about 900,000 people could be affected due to venous thromboembolism. Further, around 60,000 to 100,000 Americans die every year due to venous thromboembolism. Therefore, the increase in the prevalence of venous thromboembolism is driving the growth of the inferior vena cava filter market.
Competitive Landscape:
Major companies operating in the inferior vena cava filters market report are ALN Implants Chirurgicaux,B. Braun Melsungen AG,Argon Medical Devices Inc.,Boston Scientific Corporation,Cook Medical LLC,Braile Biomédica Indústria Comércio e Representações Ltd.,Koninklijke Philips N.V,Volcano Corporation,Lifetech Scientific Corporation,Canon Medical Systems Inc.,Siemens Healthcare Private Limited,VENITI Inc.,Cordis Corporation,Hotze Runkle plc,Bard,Becton Dickinson and Company,Karl Storz SE & Co. KG,Novamedtek,Elmed Medical Systems,Cardinal Health Inc.,C. R. Bard Inc.,LeMaitre Vascular Inc.,Medtronic plc,Eumedica S.A.,Merit Medical Systems Inc.,Penumbra Inc.,Teleflex Incorporated,RA Medical Systems,ETEX Corporation,OptiMed Medizinische Instrumente GmbH,Blue Sail Medical Co. Ltd.
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Top Trend - Product Innovation Reshapes The Landscape Of Inferior Vena Cava Filter Market
Product innovation has emerged as the key trend gaining popularity in the inferior vena cava filter market. Major companies operating in the inferior vena cava filter market are developing new and innovative devices to strengthen their position in the market. For instance, in December 2021, Royal Philips, a subsidy of Koninklijke Philips N.V., a Netherland-based conglomerate corporation, introduced Philips' CavaClear laser sheath, which is approved by The United States Food and Drug Administration, a US-based government agency. This product uses ultraviolet laser energy to remove tissue and assist in IVC filter removal. The technical success rate of this device is 96%, compared to previous removal methods.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Inferior Vena Cava Filters Market Characteristics
3. Inferior Vena Cava Filters Market Trends And Strategies
4. Inferior Vena Cava Filters Market - Macro Economic Scenario
5. Inferior Vena Cava Filters Market Size And Growth
…..
27. Inferior Vena Cava Filters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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