Inferior Vena Cava Filter Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the BCG Vaccine Market is estimated to be USD 656.52 million in 2018 and predicted to rise to USD 1029.75 million by 2023 with a CAGR of 9.42%.
IVC Filters are used in the prevention of pulmonary emboli by filtering the blood from the lower part of the body and prevent the blood clots from reaching the lungs. They are implanted only in cases of high risk when anticoagulant therapy is not effective. With increasing technological advancement in medical research, the demand for Improved medical imaging and Minimally invasive medical procedures are gradually increasing 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 key growth factor for IVC Filter market. By 2030, the number of deaths caused by cardiovascular diseases is expected to reach 24 million.
The market is segmented by Application, by Product type, and by End User. By Application, the market is segmented into Treatment of Venous Thromboembolism and prevention of Pulmonary embolism. By product type, the market can be divided 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 centers, and others. With increasing Cardiovascular surgeries hospitals continue to dominate the Inferior Vena Cava filter market. Based on the material the market can be classified into the Non-Ferromagnetic material and Ferromagnetic material.
By geography, the market is segmented into North America, Latin America, Europe, the Middle East and Africa, Asia-Pacific. North America is dominating the global market owing to the high geriatric population and high cases of cardiovascular diseases closely followed by Europe. Increasing patient population and awareness towards treatments available for cardiovascular diseases makes the potential for market expansion in Asia huge.
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, VENITI.
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