Albany, NY -- (SBWIRE) -- 04/27/2018 -- Global Vena Cava Clips and Filters Market: Overview
Vena cava interruption is usually performed using vena cava clips or filters, with an aim to reduce or eliminate the risks of cardiovascular and pulmonary diseases due to occlusion of the inferior vena cava. Vena cava clips and filters are devices made of different materials, acting as a filter placed either on the exterior portion of the vena cava, or implanted inside the vein. Patients suffering from cardiovascular and arteriovenous diseases, or patients who are identified to be at a higher risk of these conditions, along with patients who do not respond to conventional therapies including warfarin treatment, are the suitable and desired candidates for the placement of vena cava clips and/or filters depending upon the conditions. Vena cava filters are preferred over vena cava clips in patients who are unable to tolerate laparotomy procedure and pain associated with clip placement. Vena cava clips are placed on the exterior of the blood vessel, while filters are implanted.
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Global Vena Cava Clips and Filters Market: Drivers and Restraints
Increasing incidence of cardiovascular diseases around the world along with aging population, increasing prevalence of smoking leading to peripheral vascular diseases, and rising incidence of cancer are some of the major factors driving the growth of the global vena cava clips and filters market (in 2016). According to American Cancer Society, there were an estimated 1.6 million new cancer cases in the U.S. alone in 2016. According to Centers for Disease Control and Prevention (CDC), each year, an estimated 900,000 cases of deep vein thrombosis (DVT), or Pulmonary Embolism (PE), are reported in the U.S., alone.
According to the British Lung Foundation, around 28,000 hospital admissions of pulmonary embolism were registered in the U.K., in 2012. Growing incidence of deep vein thrombosis / pulmonary embolism, rising incidence of cancer, and aging population leading to increasing incidence of cardiovascular diseases, combined with new product introductions with new designs and innovations in the vena cava clips and filters segment are some of the factors expected to drive the growth of the global vena cava clips and filters market during 2017-2025. However, inadequate reimbursement scenarios globally and comparatively higher costs of procedures are some of the factors expected to restrain the growth of the Vena cava clips and filters market during 2017-2025.
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Global Vena Cava Clips and Filters Market: Key Segments
The global vena cava clips and filters market is segmented on the basis of product type, material, end users, and region. Based on product type, the global market is segmented into vena cava clips, and vena cava filters. The vena cava filters segment dominated the global market in 2016, owing to their benefits over vena cava clips, and reduced post-operative complications. Based on material, the global vena cava clips and filters market is segmented into aluminum, titanium, silicone, stainless steel, and others. Among these, the titanium segment is expected to register a comparatively higher CAGR in the global Vena cava clips and filters market during 2017-2025, owing to growing preferences of manufacturers for this material type and new product introductions in this segment. Based on end user, the global vena cava clips and filters market is segmented into hospitals, specialty clinics, ambulatory surgery centers, and others. The hospitals segment dominated the global Vena cava clips and filters market in 2016, owing to higher preference of patients toward hospital treatment, and adequate reimbursement policies available in the hospitals.
Based on regions, the global vena cava clips and filters market is segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global Vena cava clips and filters market in 2016, owing to higher per capita healthcare spending, better reimbursement policies, and rising demand for new and advanced products in the U.S. Vena cava clips and filters market. However, Asia Pacific is expected to register higher CAGR during 2017-2025, owing to increasing incidence of chronic diseases and aging population, presenting a large patient pool.
Global Vena Cava Clips and Filters Market: Key Players
Key players operating in the global vena cava clips and filters market include Cook Medical, C.R. Bard, Inc., Boston Scientific Corporation, B. Braun Melsungen AG, and Cardinal Health.
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