IVC Filter Global Market – Overview
The global IVC filter market was valued to be US$ 603.2 Mn in 2020 and is anticipated to be US$ 1036.5 Mn by 2030. The inferior vena cava (IVC) is the largest vein, that carries blood from the lower part of the body to the heart for purification. But sometimes along with blood, the vein also carries large blood clots to the heart which may further lead to problems such as pulmonary embolism or blockage. To prevent this condition, IVC filters are placed within the IVC. They trap large clots present in the veins and thus prevent blood clots from reaching the heart and lungs. They are used as an alternative treatment for patients who do not respond to blood thinners. The U.S. Food and Drug Administration (FDA) approved the usage of IVC filter in 1979. Since then their usage has increased three-fold.
Top Players of Global IVC Filter Market are Studied: Boston Scientific, Cardinal Health, Cook Medical, C. R. Bard, Argon Medical Devices, Inc., Volcano Corporation (Philips Volcano), ALN, B.Braun (B. Braun Melsungen AG), Braile Biomédica, VENITI, Inc., Adient Medical Inc. amongst others.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2030.
- Detailed overview of parent market
- Changing market dynamics of the industry
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IVC Filter Market, by Product Type
Retrievable IVC filters are becoming a popular option in patients due to long term risks associated with permanent filters. The permanent filters when left for a long period of time in the blood vessel may block the blood capillaries and may also harm some internal organs. On the other hand, retrievable filters can easily be inserted and removed from the vein thus reducing the complications that are associated with the use of permanent filters. They are removed from a patient’s body, once the risk of thrombosis or pulmonary embolus has reduced or altered. All these characteristics are making them more approachable and hence their sale has increased gradually since their approval by the FDA in 2003.
IVC Filter Market, by Region
The region of North America has been dominating the IVC filter market in past. The number of IVC filters placed in the U.S. has increased by 234%, from 56, 380 in 2000 to 132, 049 in 2009. As per the Society for Vascular Surgery, 84% of the U.S. patients suffering with deep vein thrombosis and pulmonary embolism opt for filter implants as compared to consuming blood thinners. Largest number of IVC filters were implanted in the urban hospitals of Southern region followed by the Northeastern and Western Region. The largest utilization of IVC filters was among patients aged 50 to 79 years and in the Southern region of the U.S.
Why Buy this Report?
- Extensive analysis on latest trends and growth opportunities in different regions across the globe
- Comprehensive assessment on recent technological advancements and forecast of the upcoming period
- A comparative analysis of leading players and emerging players in the IVC Filter market
- Authentic information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global IVC Filter market
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