The global inferior vena cava filter market is projected to display a CAGR of 9.42% from 2024 to 2029. The size of the market is predicted to be USD 1348.80 million by 2029 from USD 859.53 million in 2024.
The IVC filters are small cone-shaped devices inserted in the inferior vena cava just below the kidneys. The inferior vena cava (IVC) is a large vein that sends deoxygenated blood from the lower and middle-level body into the heart's right atrium. Based on the patients, these devices are inserted either permanently or temporarily. Over the years, clinicians have used the recent IVC filter technologies as an alternative to anticoagulants to minimize mixing mortality due to pulmonary embolism. The IVC filters are used in patients when anticoagulant therapy cannot be effective at the risk of pulmonary embolism. The surveillance conducted by the U.S. Food and drug administration provided information about the execution of IVC filters associated with the risk of pulmonary embolism.
The growing preference for minimally invasive surgeries with advancing medical imaging procedures worldwide drives the global inferior vena cava filter market growth. Also, increasing innovative approaches for retrieval/patient and developing digital catheterization laboratories favor market growth. In addition, increasing awareness among the people about the inferior vena cava filter treatments and government initiatives and investments to establish advanced infrastructure facilities are projected to propel the market growth of the inferior vena cava market during the forecast period.
The Inferior vena cava treatment involves higher-cost procedures, which is the major challenge restraining market growth. In addition, the lack of awareness in emerging countries of people in rural areas about IVC treatment is a challenge for the inferior vena cava filter market growth.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
Segments Covered |
By Type, Production Technologies, Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
C.R. Bard, Boston Scientific, Cardinal Health, Cook Medical, B.Braun, ALN, Braile Biomedica, Philips Volcano, Argon Medical Devices, and VENITI |
Based on the application, the venous thromboembolism segment held the largest market share in 2023 and is predicted to continue its dominating trend throughout the forecast period. Venous Thromboembolism's treatment includes injectables, such as heparin or low molecular heparin, and tablets like apixaban, dabigatran, and edoxaban warfarin, and this medication must be used for months.
Based on the product type, the retrievable IVC filter segment is anticipated to register the lead in the market during the forecast period. Rising presence for optional IVCFs as they provide flexibility to remove IVCFs based on the patient's requirements. Physicians adopt retrievable IVCs because of easy insertion. However, these devices have higher device complications in the long run.
Based on the material, the non-ferromagnetic material segment is expected to hold a significant market share during the forecast period. This is because non-ferromagnetic material does not contain iron; these are widely used components globally.
Based on the end-user, the hospital segment recorded 84% of the global IVC filters market in 2023 the hospitals use advanced IVC filters as the retrieval options, improve healthcare infrastructure, and improve healthcare spending and investments by the governments of the market growth of the hospital segment.
Geographically, the North American market is forecasted to dominate the global market closely, followed by Europe during the forecast period. The high geriatric population and snowballing cases of cardiovascular diseases are the primary growth factors for the Western markets. Growing patient awareness of the treatments for cardiovascular diseases makes the potential for market expansion in Asia massive. The U.S. is the major contributor to the North American market growth. North America recorded a 44% global market share of the IVC filter market, which is expected to increase by around 80% during the forecast period.
The European market was the second-largest regional market globally in 2023 and is estimated to witness a healthy CAGR during the forecast period. Factors such as increased PE incidence and a rising geriatric population in this region will likely improve the market growth. Moreover, the rapid adoption of advanced vena cave filters is expected to expand the market growth.
The Asia Pacific regional market had a predominant share of the global market in 2023 and is predicted to showcase a robust CAGR during the forecast period. The factors such as an increase in the presence of a large patient pool population, increasing healthcare expenditure, and developing infrastructure facilities are expected to drive the market growth. However, the market is anticipated to gain market growth with influential growth factors in the coming years.
The Latin American market is expected to show steady growth during the forecast period. The regional market expansion is driven by the growth factors such as research activities on IVC filters and increasing hospital spending.
The IVC filters market in Middle East Africa accounted for a smaller global market share. The market strengthening is driven by the adoption of advanced inferior vena cava filters, a large patient pool, and innovative approaches to retrieving/patient and creating awareness among the people about the availability of IVC filter treatments to witness significant market growth during the forecast period.
Some of the notable competitors leading the global inferior vena cava filter market profiled in this report are C.R. Bard, Boston Scientific, Cardinal Health, Cook Medical, B.Braun, ALN, Braile Biomedica, Philips Volcano, Argon Medical Devices, and VENITI.
This research report on the global inferior vena cava filter market has been segmented and sub-segmented into the following categories.
By Application
By Product Type
By Material
By End User
By Region
Frequently Asked Questions
Between 2022 to 2027, the inferior vena cava filter market is expected to grow at a CAGR of 9.42% from 2024 to 2029.
The global inferior vena cava filter market size was valued at USD 859.53 million in 2024.
C.R. Bard, Boston Scientific, Cardinal Health, Cook Medical, B.Braun, ALN, Braile Biomedica, Philips Volcano, Argon Medical Devices, and VENITI are a few of the notable players in the inferior vena cava filter market.
Based on the product, the retrievable IVC segment had the major share of the market in 2024.
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