Fractional Flow Reserve Market Size, Share & Trends Report

Fractional Flow Reserve Market Size, Share & Trends Analysis Report by Application (Multi-Vessel CAD, Single-Vessel CAD), By Product (Monitoring Systems, Guidewires), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Feb, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-2-68038-825-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 107

Industry Insights

The global fractional flow reserve market size was valued at USD 542.2 million in 2018. It is anticipated to exhibit a CAGR of 10.5% during the forecast period. There has been an upswing in the cases of cardiovascular diseases such as coronary artery diseases and high blood pressure, which has been a key factor in the growth of the market. According to the American College of Cardiology (ACC) in 2017, about 31.0% of all deaths across the globe were caused by cardiovascular diseases.

Moreover, market players such as Opsens Medical in 2016, diverted net proceeds earnings towards R&D, marketing and commercialization of its fractional flow reserve products. Thus, increasing R&D investments in developing novel cost efficient equipment are projected to bode well for the market.

U.S. fractional flow reserve market

Furthermore, rising geriatric population is poised to keep the demand for fractional flow reserve high. Old aged individuals are more prone to cardiovascular diseases and chronic diseases such as diabetes. Type II diabetes can further lead to development of fatty cells in coronary artery, which can cause blockage, thereby, causing stroke or heart attacks.

Growing incidence of coronary artery diseases and diabetes in the U.S. is working in favor of the overall market. Diabetes cases is on a rise due to unhealthy eating habits of the populace in the country, which is further leading to obesity and associated diseases. For instance, in 2016, according to WHO, there were more than 1.9 billion overweight adults globally. In addition, rising adoption of fractional flow reserve system in conjugation with OCT, for patients suffering from cardiovascular diseases, especially in the U.S., is likely to broaden the consumer base in near future.

Product Insights

FFR monitoring systems accounted for the dominant share in the market in 2018 owing to their extensive usage in diagnostic cardiovascular procedures. In addition, the segment will retain its position through 2025, due to technological advancements in the monitoring systems. For instance, in 2017, Fysicon launched QMAPP Hemodynamic Monitoring System post U.S. FDA approval. This device has vital patient monitoring parameters as well as has 32 bipolar intra-cardiac channels in electrophysiology procedures.

The market for FFR guidewires is estimated to register a healthy CAGR over the forecast period owing to rising usage for coronary artery disease diagnosis globally. For instance, in 2015 according to the Centers for Disease Control and Prevention (CDC), about 370,000 individuals died owing to coronary artery disease in the U.S. Additionally, aged people are more prone to cardiac disorders. Therefore, widening base of geriatrics is benefiting the growth of the segment.

Application Insights

Single-vessel coronary artery disease (CAD) led the fractional flow reserve market in terms of revenue in 2018, owing to wide application of the device in CAD, coupled with rise in geriatric population. Moreover, growing partnerships among key players in order to increase market penetration, for instance, collaboration of GE Healthcare and Medis in 2017, is anticipated to stimulate the growth of the overal market.

Global fractional flow reserve market

Furthermore, multi-vessel coronary artery disease (CAD) is projected to post a higher CAGR over the forecast period as this disease is a matured phase of single vessel CAD. A person suffering from single-vessel CAD is highly likely to have multi-vessel CAD in the near future if proper treatment and medications are not taken. 

Regional Insights

North America accounted for over 41.0% of the overall market revenue in 2018. The dominance of the region can be attributed to favorable government policies for medical device penetration and presence of well-developed healthcare infrastructure. In addition, rising mergers and acquisitions by key players are poised to keep level of competition high in near future.

For instance, in 2017, Abbott acquired St. Jude Medical, which has aided the company in expanding branded generic pharmaceuticals, medical devices, nutritionals, and diagnostics product portfolio. Furthermore, Boston Scientific acquired Augmenix, Inc. which had developed Space OAR hydrogel to minimize side effects after receiving radio therapy in prostate cancer patients.

The Asia Pacific market is expected to witness lucrative growth in the coming years due to increase in diabetes and cardiovascular diseases cases as well as rising disposable income. Additionally, introduction of favorable laws for medical devices adoption is also estimated to support the growth of the regional market. For instance, in Korea an agreement was implemented on March 15, 2012. This agreement made medical devices duty free, thereby increasing adoption.

Fractional Flow Reserve Market Share Insights

The industry is marked by presence of various small and large companies. It is competitive in nature and dominated by market players such as OPSENS Medical, Abbott Laboratories, Boston Scientific, Bracco S.p.A., Koninklijke Philips N.V., Siemens Healthineers, GE Healthcare, Medtronic plc, B Braun B. Braun Melsungen, and Terumo Medical Corporation.

Companies operating in the market are focussing on launching novel products as well as expanding their business outreach. For instance, in December 2017, B. Braun Interventional Systems Inc. established a subsidiary in Zambia to meet customer requirements by offering individuals with broader product portfolio.

Report Scope

Attribute

Details

The base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Report coverage      

Revenue forecast, company share, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, Germany, U.K., France, Italy, Spain, China, India, Japan, Australia, South Korea, Mexico, Brazil, Argentina, South Africa, Saudi Arabia, Turkey

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2018 to 2025. For the purpose of this study, Grand View Research has segmented the global fractional flow reserve market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • FFR guidewires

    • FFR monitoring systems

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Multi-vessel coronary artery disease

    • Single-vessel coronary artery disease

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • South Korea

    • Latin America

      • Mexico

      • Brazil

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • Turkey

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