Fractional Flow Reserve Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Fractional Flow Reserve market size is estimated at USD 870.8 million in 2020, expanding at a CAGR 17.8% from 2021-2027.
Market Dynamics
Fractional flow reserve is a metric used to assess the functional significance of an epicardial coronary artery stenosis. The fractional flow reserve (FFR) is calculated by dividing the stenosis's distal coronary pressure by the aortic pressure during maximal hyperaemia. FFR is regarded as the gold standard for determining whether a specific stenosis is to blame for inducible ischemia. The rising geriatric population and the resulting increase in the prevalence of cardiovascular diseases, the cost benefits of FFR, and the presence of a favourable reimbursement scenario for FFR are driving growth in this market.
Because this population group is predisposed to CVD and other target diseases, the demand for advanced diagnostic and treatment options is expected to rise in the coming years. The leading risk factors for heart disease and stroke are a change in lifestyle, smoking, hypertension, high blood cholesterol levels, physical inactivity, a high BMI, and a high blood sugar level. With the rising prevalence of CVD, the number of related diagnostic and treatment procedures is expected to skyrocket in the coming years. In this scenario, the demand for fractional flow reserve is likely to rise because it provides numerous benefits, such as determining whether stenosis is necessary, which aids in avoiding surgeries (in cases where stenosis is not needed).
Regional Insights
Because of the growing geriatric population and associated cardiovascular diseases, North America is expected to hold a significant market share in the fractional flow reserve market. According to the Centres for Disease Control and Prevention, approximately 26.2 million people were diagnosed with heart disease in 2016, with coronary artery disease being the most common. In addition, the American Heart Association estimates that 720,000 people have a heart attack each year. As a result, these factors are expected to drive the growth of the fractional flow reserve market.
Segment Insights
The Fractional Flow Reserve market is fragmented into technology and application segments. Based on the technology, invasive monitoring segment accounted for the largest share of the market and will continue to do so during the forecast period. Based on the application, the single-vessel disease segment accounted for the larger share of the fractional flow reserve market.
Competitive Insights
The market is fragmented, with several major players. In terms of market share, the market is currently dominated by a few major players. Companies' strategic initiatives to develop the product are expected to boost market growth. For example, Koninklijke Philips NV launched an IntraSight Interventional applications platform in 2019 that includes iFR, FFR, and IVUS solutions. Opsens Medical, Abbott, Boston Scientific, GE Healthcare, Siemens Healthcare, Cathworks, Medis Medical Imaging System, Pie Medical Imaging BV, Heartflow Inc., and Koninklijke Philips NV are among the market leaders.Major players in the industry engage in organic as well as inorganic growth strategies like strategic merger & acquisition, partnership, and new product launches and product enhancement to remain competent in the market.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Fractional Flow Reserve by technology, application and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- Abbott
- Koninklijke Philips N.V.
- Boston Scientific Corporation
- Acist Medical Systems (Subsidiary of Bracco Diagnostic Inc)
- Opsens
- Heartflow, Inc.
- Siemens Healthineers
- Pie Medical Imaging
- Cathworks
- Medis Medical Imaging Systems Bv
Technology Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Invasive Monitoring
- Pressure Guidewires
- FFR Measurement Systems
- Non-Invasive Monitoring
Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Single-Vessel Diseases
- Multi-Vessel Diseases
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Fractional Flow Reserve Market Overview
1.1. Product Overview and Scope of Fractional Flow Reserve
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Fractional Flow Reserve Market Size Growth Rate Analysis by Technology 2020 VS 2027
1.3.1. Invasive Monitoring
1.3.1.1. Pressure Guidewires
1.3.1.2. FFR Measurement Systems
1.3.2. Non-Invasive Monitoring
1.4. Global Fractional Flow Reserve Comparison by Application: 2020 VS 2027
1.4.1. Single-Vessel Diseases
1.4.2. Multi-Vessel Diseases
1.5. Global Fractional Flow Reserve Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Fractional Flow Reserve Estimates
1.5.2. Europe Fractional Flow Reserve Estimates
1.5.3. Asia Pacific Fractional Flow Reserve Estimates
1.5.4. South America Fractional Flow Reserve Estimates
1.5.5. Middle East & Africa Fractional Flow Reserve Estimates
2. Market Competition by Manufacturers
2.1. Global Fractional Flow Reserve Revenue Market Share by Manufacturers (2020)
2.2. Fractional Flow Reserve Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Fractional Flow Reserve Average Price by Manufacturers (2020-2027)
2.4. Manufacturers Fractional Flow Reserve Production Sites, Area Served, Product Types
2.5. Fractional Flow Reserve Market Competitive Situation and Trends
2.5.1. Fractional Flow Reserve Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Fractional Flow Reserve Consumption by Region (2020-2027)
3.1. Global Fractional Flow Reserve Consumption by Region
3.2. Global Fractional Flow Reserve Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Fractional Flow Reserve Consumption Growth Rate (2020-2027)
3.2.3. North America Fractional Flow Reserve Consumption, Price and Gross Margin (2020-2027)
3.2.4. North America Fractional Flow Reserve Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Fractional Flow Reserve Consumption Growth Rate (2020-2027)
3.2.7. Europe Fractional Flow Reserve Consumption, Price and Gross Margin (2020-2027)
3.2.8. Europe Fractional Flow Reserve Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Fractional Flow Reserve Consumption Growth Rate (2020-2027)
3.2.11. Asia Pacific Fractional Flow Reserve Consumption, Price and Gross Margin (2020-2027)
3.2.12. Asia Pacific Fractional Flow Reserve Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Fractional Flow Reserve Consumption Growth Rate (2020-2027)
3.2.15. South America Fractional Flow Reserve Consumption, Price and Gross Margin (2020-2027)
3.2.16. South America Fractional Flow Reserve Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Fractional Flow Reserve Consumption Growth Rate (2020-2027)
3.2.19. Middle East and Africa Fractional Flow Reserve Consumption, Price and Gross Margin (2020-2027)
3.2.20. Middle East and Africa Fractional Flow Reserve Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Fractional Flow Reserve Consumption by Technology (2020-2027)
4.1. Global Fractional Flow Reserve Price by Technology (2020-2027)
4.2. Global Fractional Flow Reserve Revenue Market Share by Technology (2020-2027)
4.2.1. Invasive Monitoring
4.2.1.1. Pressure Guidewires
4.2.1.2. FFR Measurement Systems
4.2.2. Non-Invasive Monitoring
5. Global Fractional Flow Reserve by Application (2020-2027)
5.1. Global Fractional Flow Reserve Price by Application (2020-2027)
5.2. Global Fractional Flow Reserve Revenue Market Share by Application (2020-2027)
5.2.1. Single-Vessel Diseases
5.2.2. Multi-Vessel Diseases
6. Key Companies Profiled
6.1. Abbott
6.1.1. Abbott Fractional Flow Reserve Corporation Information
6.1.2. Abbott Fractional Flow Reserve Product Portfolio
6.1.3. Abbott Fractional Flow Reserve Consumption, Price and Gross Margin (2020-2027)
6.1.4. Abbott Main Business and Markets Served
6.1.5. Abbott Recent Developments/Updates
6.2. Koninklijke Philips N.V.
6.3. Boston Scientific Corporation
6.4. Acist Medical Systems (Subsidiary of Bracco Diagnostic Inc)
6.5. Opsens
6.6. Heartflow, Inc.
6.7. Siemens Healthineers
6.8. Pie Medical Imaging
6.9. Cathworks
6.10. Medis Medical Imaging Systems Bv
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Fractional Flow Reserve Distributors List
7.3. Fractional Flow Reserve Customers
8. Market Dynamics
8.1. Fractional Flow Reserve Industry Trends
8.2. Fractional Flow Reserve Growth Drivers
8.3. Fractional Flow Reserve Market Challenges
8.4. Fractional Flow Reserve Market Restraints
9. Global Fractional Flow Reserve Consumption and Demand Forecast, by region (2022-2027)
9.1. Global Forecasted Demand Analysis of Microdermabrasion Device, by Regions and Country
9.1.1. North America Forecasted Consumption of Fractional Flow Reserve by Country
9.1.2. Europe Market Forecasted Consumption of Fractional Flow Reserve by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Fractional Flow Reserve by Region
9.1.4. Latin America Forecasted Consumption of Fractional Flow Reserve by Country
9.1.5. Middle East and Africa Forecasted Consumption of Fractional Flow Reserve by Country
10. Global Fractional Flow Reserve Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Fractional Flow Reserve by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Fractional Flow Reserve by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Type
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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