Global Fractional Flow Reserve Market is expected to grow at a CAGR of 10.4% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Fractional Flow Reserve Market By Product Type (FRR Guidewires And FRR Monitoring System), Applications (Single-Vessel Diseases And Multi-Vessel Diseases), Technology, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, And Forecast 2020 To 2027.
The global fractional flow reserve market is expected to grow from USD 606 million in 2019 to USD 1,339 million by 2027, at a CAGR of 10.4% during the forecast period 2020-2027.
North America is the largest market. This is primarily due to factors such as favourable government policies, increasing geriatric population, presence of dominant market players, and medical infrastructure available. Asia-Pacific is anticipated to witness healthy growth in future due to an increase in cardiovascular diseases and diabetes patients, and increasing medical awareness in the region.
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The key players in this market are Boston Scientific Corporation, OPSENS Medical, Siemens Healthcare, Abbott Laboratories, Koninklijke Philips N.V., ACIST Medical Systems, CathWorks, Pie Medical Imaging and others.
Abbott received the U.S. FDA approval for testing Full-cycle Ratio (RFR) intravascular diagnostic test, a novel type of FFR physiologic assessment. This test aims at identifying narrowing of the coronary arteries that can determine if a stent is needed or not.
Recently in 2019, Siemens Healthineers, launched Sensis Vibe CTx, a device capable of generating data needed to do CT based FFR. The global fractional flow reserve market is segmented into product type, applications, and region. On the basis of product type, this market is segmented into the FRR guidewires and FRR monitoring system. Where the FRR guidewires system holds the largest market share owing to their extensive usage in diagnostic cardiovascular procedures. By application, this market is segmented into single-vessel diseases and multi-vessel diseases. The single-vessel diseases segments account for the largest market share owing to the increase in incidences of coronary artery diseases in developed countries. Junk food consumption, sedentary lifestyle, and lack of exercises are resulting in the occurrence of coronary artery diseases. FFR has benefits over other methods for testing narrowed coronary arteries, like intravascular ultrasound, coronary angiography, and coronary angiography through CT.
About the report:
The global fractional flow reserve market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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