Fractional Flow Reserve Market Overview
Fractional Flow Reserve Market was valued at US$ 1 Billion in 2024 and is projected to grow at a CAGR of 10.40% to reach US$ 2.6 Billion by 2034.Fractional Flow Reserve (FFR) is the determination of ratio between the theoretical maximum flow in a normal coronary artery and the maximum achievable blood flow in a diseased coronary artery whereas, the FFR of 1.0 is widely accepted as a normal range in patients while FFR lower than 0.75 to 0.85 is considered as myocardial ischemia.
Fractional Flow Reserve Market Dynamics
Fractional Flow Reserve Market Drivers and Restrains:
Growing Geriatric Population
Growing geriatric population across globe have given rise in prevalence of chronic diseases. The aging causes changes in blood vessels and heart leading to risk of heart diseases which in turn, is likely to propel Fractional Flow Reserve market growth.
For instance, in 2017 (PubMed Central), according to United Nations, the geriatric population aged 60 years or above across globe will triple by 2050.
Rising Prevalence of Cardiovascular Diseases and Rate of Urbanization to fuel market growth
Increasing incidence of cardiovascular diseases and rapid urbanization have become the major factors driving the growth of the Fractional Flow Reserve market. Urbanization has given rise to increased consumption of processed foods, frozen packed foods, animal-derived foods, and a lack of physical activity, which affect the health of human beings and cause chronic diseases like heart disease, diabetes, obesity, high blood pressure, and gastrointestinal diseases. According to data published by the United Nations, Department of Economic and Social Affairs in 2018, stated 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period.
For instance in 2020, according to American College of Cardiology, number of people are dying due to cardiovascular disease (CVD) which includes one-third of deaths globally in 2019. Around 6 million of deaths is caused by cardiovascular disease between ages of 30-70. According to American Heart Association’s 2017 Heart Disease and Stroke Statistics Update, number of an individual diagnosed with heart failure is increasing rapidly and projected to rise by 46% till 2030. Thus, the growing prevalence of cardiovascular diseases will increase the demand for Fractional Flow Reserve market.
Restrains:
However, drawbacks such as false result as smallest arteries doesn’t respond to the drug which helps in increasing blood flow during procedure of fractional flow reserve has restrained market growth. Further, the hesitancy of interventional cardiologists for adoption of FFR has hampered the demand for Fractional Flow Reserve Market growth.
Fractional Flow Reserve Market Segmentation
Fractional Flow Reserve Market Segmentation:
Fractional Flow Reserve Market is segmented based on Product, Application and Region.
Product Insight
On the basis of Product, Fractional Flow Reserve Market is segmented into FFR Monitoring Systems, FFR Guidewires. FFR Guidewires product segment is expected to dominate the target market growth as it is widely used in diagnostic cardiovascular procedures and in diagnosis of coronary artery disease worldwide.
Application Insights
On the basis of Application, Fractional Flow Reserve Market is segmented into Single-vessel Coronary Artery Disease, Multi-vessel Coronary Artery Disease. Single-vessel Coronary Artery Disease, application segment is expected to dominate the target market growth. The wide application of Fractional Flow reserve device in coronary artery disease has boost the segment growth.
Fractional Flow Reserve Market Regional Insights:
On region the Fractional Flow Reserve Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is estimated to witness a significantly high revenue share over the forecast period due to rising prevalence of cardiovascular diseases, continuous technological development and favorable government policies for penetration of medical devices.
For instance, according to the CDC (Centers for Disease Control and Prevention), in the United States, around 697,000 people died from heart disease, and around 20.1 million adults aged 20 and older are suffering from coronary artery disease (CAD), which in turn supports the growth of Fractional Flow Reserve market.
Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to growing urban population, increased obesity, diabetes and cardiovascular diseases.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Product - FFR Monitoring Systems, FFR Guidewires By Application - Single-vessel Coronary Artery Disease, Multi-vessel Coronary Artery Disease |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034
Few Other Promising Reports:
Fractional Flow Reserve Market Key Players
Fractional Flow Reserve Market Key Players:
The key players operating the Fractional Flow Reserve Market includes, Boston Scientific Corporation, Abbott Laboratories, Opsens Inc., Koinklijke Philips N.V., Siemens Healthineers, ACIST Medical Systems, CathWorks, Pie Medical Imaging, Medis Medical Imaging Systems BV, HeartFlow Inc., and others.
Fractional Flow Reserve Market Company Profile
Recent Development:
Strategic Acquisitions and Partnership News,
- In July 2022, Medtronic entered into strategic partnership with CathWorks to transform how CAD (coronary artery disease) is diagnosed and treated. CathWorks ‘FFRangio’ system is determined as excellent diagnostic performance as compared to wire-based FFR (fractional flow reserve) system. This acquisition will strengthen Medtronic’s position in market.
FAQs
The Fractional Flow Reserve Market is segmented into Product, Application and Region.
Fractional Flow Reserve Market is driven by factors like growing geriatric population and rising prevalence of cardiovascular diseases and rate of urbanization.
By region, the Fractional Flow Reserve Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Fractional Flow Reserve Market includes, Boston Scientific Corporation, Abbott Laboratories, Opsens Inc., Koinklijke Philips N.V., Siemens Healthineers, ACIST Medical Systems, CathWorks, Pie Medical Imaging, Medis Medical Imaging Systems BV, HeartFlow Inc., and others.
Fractional Flow Reserve Market accounted for US$ 0.8 billion in 2022 and is estimated to be US$ 2.2 billion by 2032 and is anticipated to register a CAGR of 10.8%.