Axiom Market Research & Consulting™ added a report on global Fractional Flow Reserve market which includes study on technology, application across various countries of key regions across the globe. The global fractional flow reserve market was projected to grow at a CAGR of 16.17% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Fractional Flow Reserve market.
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The factor such as increasing demand fractional flow reserve and growing potential in emerging economies is expected to fuel the demand for the growth of the market. Also, presence of a favourable reimbursement scenario for FFR and impact of fractional flow reserve measurements on the decision making and overall outcomes is driving the growth of market. Besides rising geriatric population and the subsequent growth in the prevalence of CVD is likely to contribute to the healthy growth of the market.
The report analyses the global fractional flow reserve based on technology, application and geography.
Depending on the technology the fractional flow reserve is available in invasive monitoring, non-invasive monitoring. Fractional flow reserve market finds its applications in single-vessel diseases, multi-vessel diseases. Geographically the global fractional flow reserve market is studied for following region North America, Europe, Asia Pacific and RoW.
Invasive Monitoring segment accounted for the major share of market
The invasive monitoring segment is anticipated to dominate in the fractional flow reserve market during the forecast period 2021 to 2027. The increase use of invasive monitoring due to its precise monitoring and in depth detail providing technology of patient condition makes widely acceptable in the market thereby further fuelling the demand for fractional flow reserve market
Single Vessel Diseases is anticipated to witness highest growth in the Fractional Flow Reserve market
Single vessel is estimated to gain the highest growth in upcoming years. The growth of the segment is due to growing cases of single-vessel coronary artery disease among geriatric population. Besides the single vessel disease is majorly observed in men’s which is further propelling the growth of market.
North America dominated Fractional Flow Reserve market in 2020 and is expected to witness the highest growth in upcoming years
North America is anticipated to witness the growth at fastest pace owing to increasing geriatric population in the region .In addition growing adoption, government policies and growing mergers and acquisitions by key players is further boosting the growth of market. U.S. followed by Canada is expected to have major growth for the fractional flow reserve market during the forecast period. Also demand for new innovative products is further boosting the growth of market during the forecast period.
Key Players:
The key players in fractional flow reserve market include Abbott Laboratories (United States), Koninklijke Philips N.V.(Europe), Boston Scientific Corporation(United States), Acist Medical Systems (Subsidiary of Bracco Diagnostic Inc)(United States), Opsens, Inc. (North America), Heartflow, Inc.(United States), Siemens Healthineers (Europe), Pie Medical Imaging (Europe), Cathworks(Israel), Medis Medical Imaging Systems Bv(Europe), Medtronic PLC (Europe), B. Braun Melsungen AG (Germany)
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