Global Inferior Vena Cava Filters Market

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 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 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 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. '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'

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.

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.

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.

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Global Inferior Vena Cava Filters Market

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