Latest News- Fractional Flow Reserve Devices Market: FFR guidewires is expected to lead the Product segment during 2024-2028

The Fractional Flow Reserve Devices Market is being driven by Increasing prevalence of CADs

The Fractional Flow Reserve Devices Market is expected to grow at a CAGR of 20.08% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1167.4 million. In the dynamic Fractional Flow Reserve (FFR) Devices Market, vendors are implementing strategic initiatives to broaden their global reach and secure a competitive edge. For example, Boston Scientific's announced acquisition of Baylis Medical Co. Inc., valued at USD1.75 billion in October 2021, is intended to enhance their structural heart and electrophysiology product offerings. Similarly, HeartFlow's merger with Longview Acquisition Corp., completed in July 2021, positions them as a publicly traded corporation. These strategic alliances enable vendors to expand their product portfolios and penetrate new markets, subsequently increasing FFR procedures' awareness and adoption. Consequently, the global FFR Devices Market is poised for significant growth during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • FFR guidewires
  • FFR monitoring systems
• Application
  • Single-vessel diseases
  • Multi-vessel diseases
• Geography
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of CADs
• Technological advances
• Increasing number of PCI procedures

However, the market also witnesses some limitations, which are as follows:

• Low adoption of FFR
• Limitations and disadvantages of FFR
• Lack of skilled interventional cardiologists

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Market Scope in Fractional Flow Reserve Devices Market Research Report

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Research Analysis Overview

The Fractional Flow Reserve (FFR) devices market is witnessing significant growth due to the increasing prevalence of heart-related diseases, including coronary artery diseases (CAD) and cardiovascular diseases (CVD), caused by unhealthy lifestyle choices such as high blood cholesterol, smoking, and hypertension. Eating habits play a crucial role in the development of these conditions, especially in the aging population. FFR devices are used during angioplasty procedures to measure the pressure difference between a stenosed epicardial coronary artery and the distal bed, indicating the presence of induce ischemia. This information helps surgeons make informed decisions, reducing mortality rates and improving patient outcomes. Traditional angiography methods have limitations in assessing the functional significance of coronary artery stenosis. The rising geriatric population and the increasing awareness of the benefits of FFR technology are expected to drive the growth of the FFR devices market. Healthcare experts predict that the market will continue to expand, providing innovative solutions for the diagnosis and treatment of CAD and CVD.

Market Research Overview

Technavio's market analysis encompasses the Fractional Flow Reserve (FFR) devices market as a segment of the expansive global healthcare equipment industry. This sector encompasses organizations involved in the research and development (R&D) of diverse product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are integral to the diagnosis, monitoring, and treatment of various diseases. The size of the global healthcare equipment market is determined by Technavio through the aggregated revenue generated by manufacturers of diagnostic equipment and devices spanning multiple therapy areas. The healthcare equipment industry is partitioned into several sectors, with the Devices segment featuring advanced, differentiated, and clinically validated data-driven devices, including FFR devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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