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 favorable 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.
New York, April 2021: 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.
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. The global fractional flow reserve market is studied for various region including North America, Europe, Asia-Pacific and Rest of the world (RoW)
The key competitors of this market include Abbott Laboratories, Koninklijke Philips N.V., Boston Scientific Corporation, Acist Medical Systems (Subsidiary of Bracco Diagnostic Inc), Opsens, Inc., Heartflow, Inc., Siemens Healthineers, Pie Medical Imaging, Cathworks, Medis Medical Imaging Systems Bv, Medtronic PLC and B. Braun Melsungen AG among Others.
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Fractional Flow Reserve Market Regional Trends
North America is anticipated to dominate gaining the largest market share in the global fractional flow reserve market. The growth is attributed to presence of key players in the region. Besides developed healthcare facilities and demand for advanced devices is further boosting the growth of fractional flow reserve market. In addition U.S followed by Canada is expected to witness highest growth during forecast period. Moreover, growing geriatric population and prevalence of chronic disease is further propelling the growth of region in the market.
Fractional Flow Reserve Market Segmental Highlights
- Invasive Monitoring segment is expected to dominate in the global fractional flow reserve market due to its precise diagnosis and accurate measuring details allowing in depth detail of patients condition.
- Single vessel diseases is anticipated to gain major market for fractional flow reserve attributing to growing cases of single-vessel coronary artery disease among geriatric population thereby fueling the demand in global fractional flow reserve market
- North America dominated fractional flow reserve market and is projected to witness the highest growth during the forecast period.
Research Objectives of Fractional Flow Reserve Market Report:
- Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis.
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the Fractional Flow Reserve Market.
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players
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