Global Inferior Vena Cava (IVC) Filters Market: Overview
Demand for surgical methods to prevent pulmonary embolism has propelled interest of the health care industry in inferior vena cava (IVC) filters. Instances of pulmonary embolism are largely the result of blood clots that have moved to the heart and lungs, notably caused by a deep vein thrombosis. Over the past few years, technologies in the IVC filters market have attracted attention of clinicians as an alternative to anticoagulant therapy in reducing the mortality due to pulmonary embolism. They are used with blood thinners. These can be implanted either for some fixed duration or for a prolonged period. The growing incidence of deep vein thrombosis (DVT) has also intensified the clinical potential of IVC filters. Advances in catheter technologies have helped kept the IVC market in good stead. Patients with strokes have also seen a good demand.
The market is expected to witness some promising avenues in the coming years and is expected to show a promising year-over-year growth during 2016 – 2024. The report offers a critical assessment of various recent trends and key drivers, key winning imperatives for new entrants and established players, and new opportunities in various regions.
Global Inferior Vena Cava (IVC) Filters Market: Trends and Opportunities
Growing burden of cardiovascular diseases in numerous developing and developed countries has driven prospects of the IVC filters market. In several of these economies, ischemic heart disease and strokes have grown in prevalence in recent years. Growing number of patients in whom anticoagulant therapies have shown negligible results is driving the interest of clinicians in IVC filters. Moreover, the substantial mortality that cardiovascular diseases have brought to the patient population has bolstered the prospects of the IVC market.
Various regulatory agencies, especially in developed countries, have been appreciating the role of IVC filters in reducing the risk of pulmonary embolism. This has lent a big impetus to the evolution of the IVC filters market. A case in point efforts made by the U.S. Food and drug administration in the past five years. Advances in catheter delivery techniques have helped in boosting surgical outcomes involving IVC filter placement. A case in point is the strength of over-the-wire delivery technique.
Global Inferior Vena Cava (IVC) Filters Market: Regional Landscape
On the geographical front, North America and Europe have come out as substantially lucrative markets for IVC filters. The prevalence of cardiovascular diseases and strokes in the regional populations has helped reinforce the prospects over the past few years. Rise in aging populations in these regions is also a key trend boosting the demands for IVC filters. Further, continuous advances have been made in catheter technology and guidewires, opening new avenues in the global IVC market.
Global Inferior Vena Cava (IVC) Filters Market: Companies Profiled in the Report
The report offers a deep-dive evaluation of the forces of competition and consolidation shaping the contours of the IVC market. The analyses also take a closer look at recent strategies adopted by top players to retain their stronghold. Some of the well-entrenched players likely to play important role in the IVC market are Abbott Laboratories, 3M Healthcare, Cardiva Medical, Inc., Biosensors International Group, Ltd., Arterial Remodeling Technologies, All Pro Corporation, Accellent, Inc., and Lidco Group Plc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.