Global Fractional Flow Reserve Market to See High CAGR Growth of 16.50% by 2026

Global fractional flow reserve market is expected to rise from to an estimated value of USD 1479.60 million by 2026 registering a healthy CAGR of 16.50% in the forecast period of 2019-2026. This rise in the market can be attributed to increasing ageing population, rising cases of cardiovascular disease coupled with increasing prevalence of diabetes amongst people.

Key Market Competitors: Global Fractional Flow Reserve Market

Few of the major market competitors currently working in the fractional flow reserve market are Abbott., Boston Scientific Corporation, ACIST Medical Systems., Koninklijke Philips N.V., Opsens, HeartFlow, Inc., Siemens Healthcare Private Limited, Pie Medical Imaging., Apollo Hospitals Enterprise Ltd., HeartFlow, Inc., CathWorks, Medis medical imaging systems bv, Medtronic and GENERAL ELECTRIC COMPANY amongst others.

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Fractional flow reserve (FFR) is a procedure that is based on guide-wire which can appropriately measure the blood pressure and flow via specific part of the coronary artery. A standard diagnostic catheter at the time of a coronary angiogram, which is also known as cardiac catheterization, is used to perform the fractional flow reserve procedure. FFR is useful in determining whether or not to opt for angioplasty or stenting on blockages in blood vessels.

Competitive Analysis: Global Fractional Flow Reserve Market

Global fractional flow reserve market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fractional flow reserve market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Segmentation: Global Fractional Flow Reserve Market

• By Technology (Invasive Monitoring, Non-Invasive Monitoring)
• By Application (Cardiology, Multi-Vessel CAD, Single-Vessel CAD)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers

• Increasing ageing population would foster the growth of this market, as old people are more prone to diseases such as diabetes, CAD etc.
• Technological advancements and the rising expenditure in R&D activities for the development of advanced FFR equipment’s would boost the growth of this market
• Rise in the prevalence of cardio vascular diseases, with common occurrence of patients with high blood pressure and coronary artery diseases
• Increase in the prevalence of diabetes amongst people due to growing consumption of junk food, fast food and sweets
• Introduction of new and innovative devices in FFR would stimulate the growth of this market
• Cost benefit arising from the use of FFR and the positive reimbursement scenario accelerates the growth of this market

Market Restraints

• Occurrence of error in the predictions of FFR hinders the growth of this market.
• Resistance from traditional cardiologists to adopt FFR
• Segmentation: Global Fractional Flow Reserve Market
• By Technology (Invasive Monitoring, Non-Invasive Monitoring), Application (Cardiology, Multi-Vessel CAD, Single-Vessel CAD), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Reasons to Purchase this Report

• Current and future of global fractional flow reserve market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.