- Permanent IVC filter
- Retrievable IVC filter
- Others
The global Inferior Vena Cava (IVC) Filters Market is expected to grow at a CAGR of 9.4% during the forecast period 2022 to 2028. Inferior Vena Cava Filters Market is a device implanted in inferior vena cava, the largest vein in the human body. The inferior vena cava filter is inserted below the kidneys to prevent the risk of pulmonary embolism (PE) and deep vein thrombosis (DVT) when anticoagulation therapy is contraindicated in the patients. The inferior vena cava filters are work by permitting the blood flow around the trapped clot. The commercially available inferior vena cava filters include temporary filters and pulmonary filters. Global IVC filters market is growing at a healthy CAGR owing to increase in the prevalence of deep vein thrombosis. According to the International Society of Thrombosis and Haemostasis, Inc. (ISTH), approximately 10 Mn cases of venous thromboembolism occur annually around the globe. The most commonly adopted strategies by industry players include new product launches with technological advances, new product approvals, acquisitions & mergers, agreements, and collaborations to capture significant venous thromboembolism market share. For instance, in December 2012, Volcano Corporation acquired Crux Biomedical for developing its inferior vena cava product portfolio. Similarly, in April 2013, Argon Medical Devices, Inc. has acquired Angiotech Interventional Business for the development of inferior vena cava product portfolio. Moreover, favourable initiatives by the regulatory bodies also expected to boost the IVC market. For instance, in May 2014, FDA released the post-market surveillance of IVF filters which provides the implementation of filters and risk of pulmonary embolism.
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Inferior vena cava filters market is driven by the increase in the prevalence of various cardiac ailments, rise in the R&D activities increase in the government support, an increase in the technological advancements with improved medical imaging are anticipated to drive the growth of inferior vena cava filters market over the forecast period. In addition, the launching of new products, an involvement of market players for increased awareness among the key stakeholders, and minimally invasive procedure for the implantation might fuel the growth of inferior vena cava filters market. However, stringent regulatory guidelines, a high cost of the device, and lack of awareness regarding IVC filters in developing countries might hamper the growth of inferior vena cava filters market.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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