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Key Factor Supporting Inferior Vena Cava Filters Market Development in 2025: Surge In The Prevalence Of Venous Thromboembolism Anticipated To Fuel The Growth Of The Inferior Vena Cava Filter Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Inferior Vena Cava Filters Market Size By 2025?
The market size for inferior vena cava filters has witnessed strong growth in the past few years. It is set to continue growing from $5.43 billion in 2024 to $5.83 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. This significant expansion during the historical period can be linked to increasing instances of deep vein thrombosis, a rise in the aging population, measures to prevent pulmonary embolism, advancements in the designs of filters, awareness initiatives, and progress in medical education.
How Big Is the Inferior Vena Cava Filters Market Size Expected to Grow by 2029?
Anticipations of robust expansion are forecasted for the inferior vena cava filters market in the coming years, with an expected increase to "$8.11 billion in 2029, at a compound annual growth rate (CAGR) of 8.6%. This projected growth in the forecast period is a result of factors like the rise in surgical procedures and trauma cases, the focus on outpatient environments, an increase in chronic diseases and associated health conditions, the growing trend of an aging global population, and broader access to healthcare services. Significant trends anticipated in the forecast period include improvements in thrombus capture capabilities, exploration of alternative anti-clotting treatments, strengthened collaboration between healthcare providers and manufacturers, persistent regulatory observation and compliance, alongside rising educational initiatives and awareness.
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Which Key Market Drivers Powering Inferior Vena Cava Filters Market Expansion and Growth?
An upward trend in the occurrence of venous thromboembolism is anticipated to boost the inferior vena cava filter market in the future. Venous thromboembolism, or VTE, alludes to blood clumps found in the veins which can lead to disability or even death if left untreated. These clots can be stopped from reaching the heart or lungs using inferior vena cava filters, thereby averting venous thromboembolism. As per statistics shared by the Centers for Disease Control and Prevention, a public health agency based in Georgia, in February 2023, venous thromboembolism could potentially impact around 900,000 individuals. Additionally, venous thromboembolism is the cause of death for approximately 60,000 to 100,000 Americans annually. Consequently, the rising occurrence of venous thromboembolism is accelerating the expansion of the inferior vena cava filter market.
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Which Fast-Growing Trends Are Poised to Disrupt the Inferior Vena Cava Filters Market?
Advancements in the inferior vena cava filters market include solutions for improved removal. In April 2022, Netherlands-based Royal Philips launched the CavaClear IVC filter removal laser sheath. This minimally invasive tool uses circumferential tissue ablation to efficiently retrieve embedded IVC filters, increasing retrieval success and reducing the need for multiple procedures.
What Are the Emerging Segments in the Inferior Vena Cava Filters Market?
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
Subsegments:
1) By Retrievable IVC Filters: Optional Retrievable Filters, Temporary Filters
2) By Permanent IVC Filters: Stainless Steel Filters, Titanium Filters, Other Permanent Filters
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Who Are the Global Leaders in the Inferior Vena Cava Filters Market?
Major companies operating in the inferior vena cava filters market include B. Braun Melsungen AG, Argon Medical Devices Inc., Boston Scientific Corporation, Cook Medical LLC, Braile Biomédica Indústria Comércio e Representações Ltd., Lifetech Scientific Corporation, VENITI Inc., Cordis Corporation, Bard, Becton Dickinson and Company, Cardinal Health Inc., C. R. Bard Inc., LeMaitre Vascular Inc., Medtronic plc, Merit Medical Systems Inc., Teleflex Incorporated, RA Medical Systems, ETEX Corporation, OptiMed Medizinische Instrumente GmbH, Blue Sail Medical Co. Ltd., Penumbra Inc.
Which are the Top Profitable Regional Markets for the Inferior Vena Cava Filters Industry?
North America was the largest region in the inferior vena cava filters market in 2024. The regions covered in the inferior vena cava filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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