Fractional Flow Reserve Market Anticipated to Witness Significant Growth by 2025: Grand View Research Inc.

Fractional Flow Reserve Market Anticipated to Witness Significant Growth by 2025: Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to report published by Grand View Research, widening base of cardiovascular diseases coupled with mounting cases of diabetes in developed as well as developing economies is escalating the growth of the fractional flow reserve market.

According to a report,Fractional Flow Reserve Market Size, Share & Trends Analysis Report by Application (Multi-Vessel CAD, Single-Vessel CAD), By Product (Monitoring Systems, Guidewires), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global fractional flow reserve market size is expected to reach USD 1,080.3 million by 2025, progressing at a CAGR of 10.5% during the forecast period. Widening base of cardiovascular diseases coupled with mounting cases of diabetes in developed as well as developing economies is escalating the growth of the market. Additionally, launch of novel devices in fractional flow reserve (FFR) market such as guidewires and monitoring systems are also anticipated to aid market growth. For instance, in October 2017, GE Healthcare and Medis, a Dutch based imaging software provider entered into a collaborative agreement in an attempt to increase clinical availability of image-based fractional flow reserve technology, offered by Medis.

Key Takeaways from the report:

  • FFR monitoring systems accounted for significant share of about 54.0% in 2018, owing to extensive usage in single and multiple vessel CAD

  • FFR guidewires are expected to witness a higher CAGR over the forecast period due to increase in fractional flow reserve procedures conducted globally

  • North America was the leading revenue contributor in the market in 2018. The growth can be attributed to increased investments in R&D by medical device companies

  • The Asia Pacific FFR market is anticipated to experience noteworthy growth due to rising healthcare spending and increasing diabetes incidence in countries such as China and India

  • Some of the key companies operating in the market are OPSENS Medical, Abbott Laboratories, Boston Scientific, and Bracco S.p.A.

  • Industry participants are engaged in extensive research activities to develop novel FFR products for diagnosis of cardiac disorders.

U.S. fractional flow reserve market size, by product, 2014 - 2025 (USD Million)

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Moreover, consolidation activities, such as acquisition of St. Jude by Abbott in 2017 in order to increase its foothold in the cardiovascular devices market, is likely to keep the market highly competitive and thereby, augur well for the overall market.

Global fractional flow reserve market share, by application, 2018 (%)

 

Grand View Research has segmented the global fractional flow reserve market on the basis of product, application, and region:

Fractional Flow Reserve Product Outlook (Revenue, USD Million; 2014 – 2025)

  • FFR guidewires

  • FFR monitoring systems

Fractional Flow Reserve Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Multi-vessel coronary artery disease

  • Single-vessel coronary artery disease

Fractional Flow Reserve Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Mexico

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • Turkey

Explore fractional flow reserve market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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