USD 783.6 million
Global Inferior Vena Cava Filters Market Size, Share, Growth Analysis, By Product Type(Retrievable Filters and Permanent Filters), By Placement(Permanent Placement, Temporary Placement) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2557 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
60 |
Figures:
70
Global Inferior Vena Cava Filters Market Insights
Global Inferior Vena Cava Filters Market size was valued at USD 783.6 million in 2022 and is poised to grow from USD 849.66 million in 2023 to USD 1623.45 million by 2031, growing at a CAGR of 8.43% in the forecast period (2024-2031).
The inferior vena cava (IVC) filters market plays a pivotal role in preventing life-threatening conditions associated with blood clots. IVC filters are medical devices inserted into the inferior vena cava, the large vein that carries deoxygenated blood from the lower body to the heart. These filters are designed to catch blood clots and prevent them from reaching the lungs, reducing the risk of pulmonary embolism. The market's growth is driven by the increasing prevalence of venous thromboembolism (VTE) and deep vein thrombosis (DVT) cases, as well as the rising awareness about these conditions.
Factors such as the aging population, sedentary lifestyles, and surgical procedures contribute to the higher risk of blood clots, boosting the demand for IVC filters. Technological advancements in filter designs, such as retrievable and adjustable filters, enhance their efficacy and safety, further propelling market expansion. The market also benefits from the growing adoption of minimally invasive procedures and the development of advanced medical imaging techniques for accurate filter placement.
Regionally, North America holds a significant share in the market due to its robust healthcare infrastructure and high prevalence of VTE cases. The Asia-Pacific region is witnessing rapid growth due to increasing healthcare expenditure and awareness, while Europe is also a prominent market owing to its aging population. With the continuous development of innovative IVC filter technologies and increasing adoption among high-risk patients, the market is poised to address the critical need for preventing blood clot-related complications and improving patient outcomes.
US Inferior Vena Cava Filters Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Retrievable Filters
Fastest Growth
Retrievable Filters
Growth Rate
8.43% CAGR
Global Inferior vena cava filters market ($ Bn)
Country Share for North America Region (%)
Global Inferior vena cava filters market By Product Type ($ Bn)
Global Inferior vena cava filters market By Product Type (%)
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Global Inferior Vena Cava Filters Market Segmental Analysis
The global inferior vena cava filters market is segmented by Product Type, Placement, End User, and Region. Based on Product Type the market is segmented as, Retrievable Filters, and Permanent Filters. Based on Placement the market is Permanent Placement, Temporary Placement. Based on End-User the market is segmented as, Hospitals, Ambulatory Surgical Centers. Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA)
Inferior Vena Cava Filters Market Analysis By Product Type
In the inferior vena cava filters market, “Retrievable Filters” currently dominate the landscape due to their versatility and the ability to be removed once the risk of blood clots has subsided. These filters offer a temporary solution for patients who require protection against blood clots but may not need a permanent implant. Retrievable filters provide an option for healthcare professionals to assess the patient's condition over time and make informed decisions regarding the removal of the filter when necessary.
The fastest-growing segment in the inferior vena cava filters market is the “Permanent Filters” category. These filters are designed to remain in place indefinitely to prevent the recurrence of blood clots. As the awareness about the risks associated with deep vein thrombosis (DVT) and pulmonary embolism (PE) increases, the demand for long-term preventive measures is rising. Permanent filters are gaining traction among patients who require ongoing protection against blood clots and are projected to experience notable growth due to their effectiveness and the growing emphasis on proactive healthcare interventions.
Inferior Vena Cava Filters Market Analysis By Placement
In the inferior vena cava filters market, the Retrievable Filters segment, which falls under the Temporary Placement category, is currently dominating the market due to its versatility and patient-centric approach. These filters are designed to be placed temporarily and retrieved when the risk of blood clots has subsided, offering a solution that aligns with the changing needs of patients. The ability to remove the filter after the threat has passed reduces long-term risks associated with permanent placement and allows for a more personalized treatment approach.
While the Retrievable Filters segment is dominating, the Permanent Filters segment, categorized under Permanent Placement, is expected to be the fastest-growing segment. Permanent filters are intended to provide continuous protection against blood clots and are particularly suitable for patients with ongoing clotting risks. As awareness about the benefits of preventive measures grows and medical professionals emphasize the significance of proactive solutions, the demand for permanent placement filters is anticipated to rise rapidly.
Global Inferior vena cava filters market By Product Type, 2023 (%)
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Global Inferior Vena Cava Filters Market Regional Insights
The largest region in the inferior vena cava filters market is North America. The region's dominance can be attributed to its well-established healthcare infrastructure, high awareness about venous thromboembolism (VTE) risks, and a significant prevalence of conditions warranting the use of inferior vena cava filters. The United States, in particular, contributes significantly to the market due to its advanced medical facilities and widespread adoption of medical technologies.
The second-largest region in the inferior vena cava filters market is Europe. The region benefits from its strong healthcare systems and a substantial patient pool requiring VTE prevention and management. Countries like Germany, the United Kingdom, and France play vital roles in driving market growth due to their emphasis on patient safety and innovative medical interventions.
Global Inferior vena cava filters market By Geography, 2024-2031
- Largest
- Fastest
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Global Inferior Vena Cava Filters Market Dynamics
Inferior Vena Cava Filters Market Drivers
Increasing Incidence of Venous Thromboembolism:
- The rising prevalence of VTE cases, including deep vein thrombosis (DVT) and pulmonary embolism (PE), drives the demand for inferior vena cava filters as preventive measures.
Awareness and Education:
- Greater awareness about the risks associated with VTE and the availability of preventive measures like inferior vena cava filters encourage patients to seek appropriate treatments.
Inferior Vena Cava Filters Market Restraints
Potential Complications:
- Inferior vena cava filter insertion can lead to complications like filter migration, fracture, and perforation, raising concerns about the long-term safety and efficacy of these devices.
Alternatives and Medical Therapies:
- The availability of alternative VTE prevention methods, as well as medical therapies, could impact the adoption of inferior vena cava filters.
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Global Inferior Vena Cava Filters Market Competitive Landscape
The competitive landscape of the inferior vena cava filters market is characterized by the presence of key industry players and emerging entrants focusing on innovation, product development, and strategic collaborations. Leading companies such as Boston Scientific Corporation, Cook Medical, Cordis Corporation (a Cardinal Health company), B. Braun Melsungen AG, and C.R. Bard, Inc. (acquired by BD) dominate the market with their established product portfolios and global presence. These players continually invest in research and development to enhance their offerings and address the evolving needs of healthcare professionals and patients.
Inferior Vena Cava Filters Market Top Player’s Company Profile
- Boston Scientific Corporation
- Cook Medical
- Cordis Corporation (a Cardinal Health company)
- B. Braun Melsungen AG
- C.R. Bard, Inc. (acquired by BD)
- Johnson & Johnson
- Medtronic plc
- Abbott Laboratories
- Terumo Corporation
- Becton, Dickinson and Company (BD)
- Merit Medical Systems, Inc.
- Argon Medical Devices, Inc.
- Teleflex Incorporated
- Cardinal Health, Inc.
- ALN Implants Chirurgicaux
Inferior Vena Cava Filters Market Recent Developments
- February 2023: Cook Medical received FDA approval for its Celect Vena Cava Filter, a new generation of retrievable IVC filter. The Celect Vena Cava Filter is designed to be more flexible and easier to insert than previous generations of filters, and it also has a retrieval rate of over 90%.
- January 2023: Bard Access Systems announced that it has received FDA approval for its Eclipse IVC Filter, a new generation of permanent IVC filter. The Eclipse IVC Filter is designed to be more durable and less likely to migrate than previous generations of filters.
- December 2022: Boston Scientific acquired Veniti, a company that develops IVC filters that are designed to be more retrievable than traditional filters. The acquisition is expected to strengthen Boston Scientific's position in the IVC filter market.
Global Inferior Vena Cava Filters Key Market Trends
- Retrievable Filters Dominance: The market is witnessing a shift towards retrievable filters due to their flexibility and potential for removal, aligning with patient-centric care and minimizing long-term risks.
Global Inferior Vena Cava Filters Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Inferior vena cava filters market analysis; the global inferior vena cava filters market is experiencing substantial growth driven by several factors. Geographically, North America leads the market due to its advanced healthcare infrastructure and high awareness about venous thromboembolism (VTE) risks. The market is segmented by product type, including retrievable and permanent filters, and by material, such as stainless steel and nickel titanium (NiTi) filters. The increasing incidence of VTE cases, the aging population, and advancements in filter technology are significant drivers of market expansion. Moreover, the emphasis on preventive healthcare, growing patient awareness, and collaborations among medical institutions and manufacturers further contribute to the market's growth. As the demand for effective venous thromboembolism prevention methods continues to rise, the inferior vena cava filters market is poised for continued expansion, particularly in regions with high healthcare expenditures and advanced medical practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 783.6 million |
| Market size value in 2031 | USD 1623.45 million |
| Growth Rate | 8.43% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Inferior Vena Cava Filters Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Inferior Vena Cava Filters Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Inferior Vena Cava Filters Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Inferior Vena Cava Filters Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Inferior Vena Cava Filters Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Inferior Vena Cava Filters Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Inferior Vena Cava Filters Market Report Snapshots
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