Technavio, a tech-focused market research firm, has published a new report on the global IVC filter market, which is expected to grow at a CAGR of over 11% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global inferior vena cava (IVC) market into the following key regions: APAC, EMEA, and the Americas.
Source: Technavio
Click here to request a free sample of this report
Top three contributors for the global IVC filter market are elaborated below:
IVC filter market in the Americas: The growth of the IVC filter market in the Americas is fueled by fundamentally by the increasing incidence of CVDs such as DVT, PE, and other PVDs. The US is the major contributor to the IVC filter market in the Americas. The presence of experienced professionals, medical reimbursements, and better hospital infrastructure are anticipated to translate to increased demand for IVC filters in the Americas during the forecast period.
According to Barath Palada, a lead analyst at Technavio, specializing in research on cardiovascular devices, “The increase in the older adult population has a positive influence on the growing demand for peripheral vascular intervention procedures. The strong presence of several vendors and their wide distribution networks in the US have also played a significant role in the increased demand in the Americas.”
IVC filter market in EMEA: Growing prevalence of cardiac diseases and the subsequent rise in the demand for their treatment drives the growth of the IVC filter market in EMEA. Advances in technology and the growing older adult population in the region are likely to propel the growth of the market in this region during the forecast period.
IVC filter market in APAC: In APAC, the adoption rate of IVC filters is on the rise due to increase in the incidence rate of CVDs and change in the medical infrastructure. Local manufacturers in APAC are offering low-cost products and services, which has resulted in global vendors facing threats from these manufacturers. Developing countries such as Thailand, China, and India account for a majority of the demand for IVC filters in the APAC region.
The leading vendors operating in the global IVC filter market are:
- Boston Scientific
- Cardinal Health
- Cook Medical
- C. R. Bard
Other prominent vendors in the market include Argon Medical Devices, Philips Volcano, ALN, B. Braun, Braile Biomédica, and VENITI.
A more detailed analysis is available in the Technavio report titled, ‘Global IVC Filter Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Hemodialysis Catheter Market 2017-2021
- Global Coronary Stents Market 2017-2021
- Global Radiofrequency Ablation Market 2017-2021
To read more press releases – click here
