The increasing number of cases related to cardiovascular diseases and diabetes across a large chunk of the global populace will help in increasing the growth rate of the fractional flow reserve devices market during the forecast period of 2020-2030.
According to the WHO (World Health Organization), nearly 17.9 mn individuals die due to cardiovascular disorders and diseases across the world. These alarming statistics show the escalating need for controlling cardiovascular disorders. Thus, all these factors bring tremendous growth opportunities for the fractional flow reserve devices market.
Fractional flow reserve is a measurement technique used for calculating the pressure differences in coronary arteries with the help of catheterization. On the basis of product, the fractional flow reserve devices market can be classified into FFR monitoring systems and FFR guidewires.
The small size of guidewires enables them to penetrate effectively across the arteries and assists the surgeries in making a decision about the necessity of stenting or angioplasty procedures. The benefits attached to these devices will bring profitable growth for the fractional flow reserve devices market.
The report on the fractional flow reserve devices market by TMR Research helps the stakeholders and CXOs to explore varied aspects related to growth. The report has extensive information on a plethora of factors such as geographical dimensions, competitive trends, latest developments, and the threats across the fractional flow reserve devices market.
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Furthermore, the report focuses on the impact of the COVID-19 outbreak on the fractional flow reserve devices market. The rising prevalence of COVID-19 and the economic impact of the outbreak on the fractional flow reserve devices market have been mentioned in detail.
Fractional Flow Reserve Devices Market: Competitive Insights
The fractional flow reserve devices market is oligopolistic. Only a few companies contribute largely to the growth of the fractional flow reserve devices market. The players indulge in strategic collaborations that help in strengthening the foothold of the players, eventually increasing the growth rate.
Some well-entrenched players in the fractional flow reserve devices market are;
- Siemens Healthcare
- Boston Scientific Corporation
- Pie Medical Imaging B.V.
Fractional Flow Reserve Devices Market: Key Trends
Booming Geriatric Population to Increase the Growth Rate of the Fractional Flow Reserve Devices Market Considerably
The rising geriatric population and the growing incidences of coronary artery diseases due to the changing lifestyle habits of many individuals around the world will serve as a vital growth-contributing factor. According to the United Nations, the global geriatric population is estimated to reach 2.1 bn by the year 2050. These statistics display the bright future of the fractional flow reserve devices market.
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Research and Development Activities Helping in Increasing the Growth Prospects across the Fractional Flow Reserve Devices Market
The players in the fractional flow reserve devices market invest extensively in research and development activities. These activities help in discovering novel insights and adding more features to the devices, eventually boosting the revenues of the players in the fractional flow reserve devices market.
Fractional Flow Reserve Devices Market: Regional Aspects
The fractional flow reserve devices market in North America expects to gain a dominant position across the assessment period of 2020-2030. Feasible government policies for medical devices and a good healthcare infrastructure will serve as a prominent growth factor for regional growth. Asia Pacific is also estimated to observe promising growth for the fractional flow reserve devices market.
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