MEA Inferior Vena Cava Filter Market

MEA Inferior Vena Cava Filter Market Size (2022 to 2027)

The size of the Middle East and Africa Inferior Vena Cava Filter market size was around USD 71.02 million in 2022. It is expected to grow at a CAGR of 8.54% to reach USD 106.98 million by 2027.

The market for inferior vena cava filters in the Middle East and Africa is expected to grow due to an increase in minimally invasive operations and improved medical imaging treatments worldwide.

The market for inferior vena cava filters developed as the number of people diagnosed with cardiovascular diseases increased, as did the need for optional and retrievable IVC filters. In addition, expanding new retrieval/patient procedures is more likely to drive market growth. Furthermore, as more digital catheterization laboratories are built, the market grows. Additionally, increased public awareness of inferior vena cava filter treatments and government initiatives and expenditures to build sophisticated infrastructure facilities are likely to enhance the inferior vena cava market in this area throughout the projection period.

The release of Lockdown has had a beneficial impact on the market for inferior vena cava, and the number of patients has increased, resulting in a higher demand for IVC filters. Manufacturers in the market concentrate on producing IVC filters to meet client demands. The retrievable IVC filters market segmentation is visible for the estimated majority market share. On the other hand, the market is expected to grow in the following years.

Treatment of the inferior vena cava necessitates more costly procedures, a significant roadblock to the market's progress in this region. In addition, the Middle East and Africa's inferior vena cava filter market is likely to grow slowly because of a lack of understanding about IVC therapy among rural populations in emerging countries.

Covid-19 began as a local pandemic, but it swiftly grew into a global issue that has placed the lives of countless people in danger. As a result, the government instituted Lockdown and gave strict directives and a transportation ban to prevent migration from other countries. In addition, inferior vena cava filtering therapies were placed on hold as the world focused on combating the Novel coronavirus due to Lockdown's unexpected introduction.

This research report on the MEA inferior vena cava filter market has been segmented and sub-segmented into the following categories:

By Product Type: 

• Retrievable IVC
• Permanent IVC

By Application: 

• Treatment of Venous Thromboembolism
• Preventive Pulmonary embolism

By Material: 

• Non-Ferromagnetic Material
• Ferromagnetic Material

By End User: 

• Hospitals
• Ambulatory Surgical Centers
• Others

By Country:

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

The majority of the Middle East and Africa Inferior Vena Cava Market is centered on U.A.E, Israel, and South Africa. These places are expected to continue leading this regional market in the forecast period due to a relatively high patient pool and enhanced healthcare infrastructure.  

The Middle East and Africa market for IVC filters accounted for a small partition of the global market in 2020. However, the adoption of improved inferior vena cava filters, a large patient pool, and new techniques to retrieving/patient and raising awareness among the general public about the availability of IVC filter treatments are expected to create considerable market expansion over the projection period.

The UAE is likely to dominate the MEA Inferior Vena Cava Filter market during the forecast period. The rise of the UAE inferior vena cava (IVC) filter market is being driven by a growing preference for minimally invasive procedures with superior medical imaging in various medical settings. In addition, IVC filters have gained popularity in recent years because their absence causes embolism and pulmonary artery occlusion.

Following the UAE, Saudi Arabia is expected to have the MEA Inferior Vena Cava Filter market share. Digital catheterization laboratories, which are only getting started, are projected to impact the industry significantly. In addition, the introduction of improved equipment such as central venous catheters and convertible, combination, and bio-convertible filters has also benefited the market.

KEY MARKET PLAYERS:

Some of the key players of the 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.