LONDON--(BUSINESS WIRE)--The fractional flow reserve devices market is expected to grow by USD 446.64 million, progressing at a CAGR of over 12% during the forecast period.
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The increasing number of product approvals is one of the major factors propelling market growth. However, factors such as low adoption of FFR will hamper the market growth.
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Fractional Flow Reserve Devices Market: Product Landscape
FFR measurement requires guidewires to measure the pressure distal to a stenosis, across an intermediate stenotic lesion, with the support of a guiding catheter in the target artery. The increasing adoption of technologically advanced FFR guidewires, growing awareness of clinical benefits of advanced FFR guidewires, and rising number of FFR procedures will fuel the growth of the fractional flow reserve devices market in this segment. Market growth in this segment will be faster than the growth of the market in the FFR monitoring systems segment.
Fractional Flow Reserve Devices Market: Geographic Landscape
North America was the largest fractional flow reserve devices market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. High prevalence of CADs, the growing awareness of advanced FFR products, and an increase in the number of FFR procedures will significantly influence fractional flow reserve devices market growth in this region. Over 49% of the market’s growth will originate from North America during the forecast period. The US is a crucial market for fractional flow reserve devices in North America. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered:
- Abbott Laboratories
- Boston Scientific Corp.
- Bracco SpA
- Cathworks Ltd.
- GE Electric Co.
- Heartflow Inc.
- Koninklijke Philips NV
- Opsens
- Siemens Healthineers AG
- Terumo Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- FFR guidewires - Market size and forecast 2019-2024
- FFR monitoring systems - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Abbott Laboratories
- Boston Scientific Corp.
- Bracco SpA
- Cathworks Ltd.
- GE Electric Co.
- Heartflow Inc.
- Koninklijke Philips NV
- Opsens
- Siemens Healthineers AG
- Terumo Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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