The global inferior vena cava (IVC) filter market to grow at a CAGR of 11.05% during the period 2017-2021.
The report, Global Inferior Vena Cava (IVC) Filter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is strategic acquisition of business segments. The most common scenario witnessed in the medical device sector is the acquisition of companies and business segments to facilitate the expansion of the product line. Market giants acquire the business segments of the smaller companies, which helps them with increased sales and higher revenue generation.
According to the report, one driver in the market is MI procedures with improved medical imaging. Medical facilities across the world are shifting toward MI procedures, leading to the expansion of treatment options for PVDs such as DVT. The deposition of fatty acids in the blood vessels of legs and arms can cause blood clots that restrict the normal blood flow. The untreated PVD condition can cause heart attack and stroke, leading to death. Surgeons use angioplasty or insert stents in the blood vessels through small incisions using MI surgeries. Radiologists who use interventional angioplasty to thread catheters or stents to the femoral artery also adopt MI procedures. These procedures help to minimize trauma and pain, and reduces the risks of infection in the blood vessels.