Inferior Vena Cava (IVC) Filter Market Size is Poised to Reach US$ 1,086 Million by 2028
Industry Overview of Inferior Vena Cava Filter Market
The inferior vena cava (IVC) is the largest vein in the body responsible for carrying deoxygenated blood from the lower body to the heart. In certain medical conditions, such as deep vein thrombosis (DVT) or pulmonary embolism (PE), the risk of blood clots traveling from the legs to the lungs increases. IVC filters are small, cone-shaped devices that are implanted in the IVC to capture these blood clots and prevent them from reaching the lungs, thus reducing the risk of life-threatening complications. These filters are typically made of a nonferromagnetic alloy and can be inserted permanently or temporarily, depending on the patient's condition. IVC filters are an important tool in the management of blood clot-related conditions, providing an effective alternative to anticoagulant medications. They are commonly used in hospitals and ambulatory surgical centers to enhance patient safety and prevent pulmonary embolism.
How Big Is the Inferior Vena Cava Filter Market?
The global inferior vena cava (IVC) filter market size reached US$ 662 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 1,086 Million by 2028 exhibiting a CAGR of 8.3% during 2023-2028.
Inferior Vena Cava (IVC) Filter Market Trends and Drivers:
The increasing demand for inferior vena cava (IVC) filters among patients with acute venous thromboembolic events and those who have not responded well to anticoagulation therapy is driving the market. The rising prevalence of cardiovascular disorders worldwide contributes to this demand. Additionally, the adoption of minimally invasive surgeries and advancements in medical imaging procedures play a significant role in market growth. The establishment of digital catheterization laboratories further propels the global market. Government initiatives aimed at raising awareness about cardiovascular disorders (CVDs) also contribute to market growth. Furthermore, the expanding geriatric population, which is more prone to developing chronic ailments, is expected to fuel the IVC filter market in the coming years.
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Global Inferior Vena Cava (IVC) Filter Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: ALN Implants Chirurgicaux, Argon Medical Devices Inc., B. Braun Melsungen AG, Becton Dickinson and Company, Braile Biomédica, Cook Group Incorporated, etc.
The report segmented the market based on region, product, material, application and end user.
Product Insights
- Retrievable IVC Filter
- Permanent IVC Filter
Material Insights
- Non-Ferromagnetic Materials
- Ferromagnetic Materials
Application Insights
- Treatment Venous Thromboembolism (VTE)
- Prevent Pulmonary Embolism (PE)
- Others
End User Insights
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Others
Regional Insights
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The key regions covered in the market report are Asia Pacific, Europe, North America, Latin America, Middle East and Africa.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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