Global Market Outlook for the Fractional Flow Reserve Market to 2025, Featuring Key Players Opsens Medical, Abbott, Boston Scientific, GE Healthcare and Siemens Healthcare - ResearchAndMarkets.com
Global Market Outlook for the Fractional Flow Reserve Market to 2025, Featuring Key Players Opsens Medical, Abbott, Boston Scientific, GE Healthcare and Siemens Healthcare - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Fractional Flow Reserve Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Fractional Flow Reserve Market is expected to register a CAGR of 13.2% during the forecast period due to higher prevalence of cardiovascular diseases and emerging trends in product. Heart disease is the leading cause of death worldwide. According to World health Organization, in 2017, around 17.9 million people died due to heart related diseases. Moreover, almost of death globally occurring due to cardiovascular diseases is observed in low- and middle-income countries.
Key Market Trends
Guidewires Segment is Expected to Hold a Major Market Share in the Fractional Flow Reserve Market
- Pressure guide-wires are used in procedures to determine if any surgery is required in vessels or arteries of heart. It also acts as a navigator tool to reach the lesion. The growing number of angiography and it's unique characteristics is expected to influence positively on the market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America expected to hold a major market share in the global fractional flow reserve market due to increasing geriatric population and associated cardiovascular diseases. According to Center for Disease Control and Prevention, in 2016, approximately 26.2 million people were diagnosed with heart disease and coronary artery disease is most diagnosed heart disease in the United States. Also, according to the American Heart Association, the incidence rate of heart attack is around 720,000 annually. Hence, these factors are expected propel the fractional flow reserve market growth.
Competitive Landscape
The Fractional Flow Reserve Market is fragmented and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Strategic initiatives taken by companies to develop the product is expected to boost the market growth. For instance, in 2019, Koninklijke Philips N.V. launched an IntraSight Interventional applications platform that offers iFR, FFR and IVUS solution. Some of the companies which are currently dominating the market are Opsens Medical, Abbott, Boston Scientific, GE Healthcare, Siemens Healthcare, Cathworks, Medis Medical Imaging System, Pie Medical Imaging B.V., Heartflow, Inc. and Koninklijke Philips N.V.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Cardiovascular Diseases
4.2.2 Advancments in Products
4.3 Market Restraints
4.3.1 Stringent Regulatory Framework
4.4 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 FFR System
5.1.2 Guidewire
5.2 By Technology
5.2.1 Invasive
5.2.2 Non-invasive
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott
6.1.2 Boston Scientific
6.1.3 Cathworks
6.1.4 GE Healthcare
6.1.5 Heartflow, Inc.
6.1.6 Koninklijke Philips N.V.
6.1.7 Medis Medical Imaging System
6.1.8 Opsens Medical
6.1.9 Pie Medical Imaging B.V.
6.1.10 Siemens Healthcare
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/wuwvuz
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