Europe Inferior Vena Cava Filter market size was around USD 177.48 million in 2018. It is expected to grow at a CAGR of 8.92% to reach USD 272.07 million by 2023.
Inferior Vena cava (IVC) Filters are employed to prevent the blood clots from reaching the lungs and thereby are employed in preventing pulmonary emboli. They are implanted only in case of high risk when anticoagulant therapy cannot be used. As the awareness towards the advancements in medical research is increasing the demand for improved medical imaging and minimally invasive medical procedures are gradually increasing, this is in turn driving the IVC Filter market. MI (Minimally Invasive) procedures decrease the possibility of blood vessel infection and are more effective. Growing number of cardiovascular diseases is also a crucial growth factor for the IVC Filter market. By 2030, the number of deaths caused by cardiovascular diseases is expected to reach 24 million annually.
The market is segmented by Application, by Product type, and by End User. By Application, the market is divided into Treatment of Venous Thromboembolism and Preventive Pulmonary embolism. By product type, the market can be classified into Retrievable IVC and Permanent IVC. IVC filters can be implanted either temporarily or permanently based on the patient's requirement. By end user, the market can be further segmented into Hospitals, Ambulatory Surgical centres, and others. Among the End Users segment, Hospitals are dominating the market presently as the surgeries required for cardiovascular diseases are constantly swelling. Based on the material, the market can be classified into Non-Ferromagnetic material and Ferromagnetic material.
By geography, the market is segmented into countries like U.K., France, Italy, Spain, Germany, and others. The Eastern European market is showing promising potential for growth and will contribute further to the European market, which currently occupies the second largest share in the global market.
Some of the key players of IVC filters market include C.R. Bard, Boston Scientific, Cardinal Health, Cook Medical, B.Braun, ALN, Braile Biomedica, Philips Volcano, Argon Medical Devices, and VENITI.
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- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of End user, by Application along with market size forecasts and estimations to detect key areas of industry growth in detail
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- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
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