Rising Instances of Cardiac Disorders amongst Geriatric Population to Stimulate Forward Leap in Fractional Flow Reserve (FFR) Market
Coronary artery lesions functionalities are widely evaluated via fractional flow reserve (FFR) which is a common practice during cardiac catheterization that is widely used to understand the level of blockage prevalent in coronary arteries. An upward trend observed in cardiac conditions owing to high blood pressure and coronary artery ailments have been constantly steering large scale adoption and subsequent growth in global fractional flow reserve market, finds out Adroit Market Research in its recent report findings, post unbiased primary and secondary research derivatives.
The global fractional flow reserve market was valued at USD 601.7 million in 2019 and is expected to grow at a CAGR of 9.8% over the forecast period.
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Advanced research vouches for the indispensable adoption of fractional flow reserve in attaining high end insights that clearly influence therapeutic outcome amongst patients with coronary artery disease acute coronary syndrome besides others. Besides heavy disease burden, the market is significantly influenced by extensive R&D expeditions and investments towards developing cost efficient fractional flow reserve equipment. Additionally, one of the primary growth stimulants identified in fractional flow reserve market is significant rise in geriatric population with persistent complaints of cardiac mal functions.
Research suggests that global geriatric population is expected to spike further, which in turn increases risk and exposure to lifestyle diseases such as diabetes and other ailments. These factors are anticipated to favor optimistic growth spurt in global fractional flow reserve market.
Growth conditions in global fractional flow reserve market is anticipated to remain lucrative with novel launch of high-tech monitoring infrastructure. Several companies are diversifying their product portfolio and boast of a robust pipeline. Companies are increasingly improving their offerings to procure FDA approvals. These developments significantly heighten growth overview in global fractional flow reserve (FFR) market.
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The global fractional flow reserve market has been bifurcated based on product, application and region. Key players serving the global market include Terumo Medical Corporation, Siemens, Medtronic plc, B. Braun Melsungen among other prominent players.
Key segments of the global fractional flow reserve market
Product Overview, 2018-2028 (USD Million)
- FFR guidewires
- FFR monitoring systems
Application Overview, 2018-2028 (USD Million)
- Multi-vessel coronary artery disease
- Single-vessel coronary artery disease
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central and South America
- Rest of Central and South America
- Middle East & Africa
- Rest of Middle East and Africa
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What does the report include?
- The study on the global fractional flow reserve market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global fractional flow reserve market is suitable for all the players across the value chain including raw material suppliers, fractional flow reserve providers, medical device manufacturers, distributors, suppliers and retailers
- Venture capitalists and investors looking for more information on the future outlook of the global fractional flow reserve market
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