Fractional Flow Reserve Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

Page: 215 | Report Code: LS240822 | Research Suite: Report (PDF) & Market Data (Excel)

NOTE: Due to exhaustive nature of content, full ToC can't be uploaded. Please request Sample Pages to receive full table of content. 

The global market value of the fractional flow reserve market was valued at USD 812.2 million in 2022, and a CAGR of 8.9% is expected during the forecast period. Increasing growth in the number of cardiac patients is driving growth in the market significantly. The increasing number of cases of high blood pressure and other chronic and acute diseases is driving growth in the market significantly.

Growing incidence of coronary artery diseases is driving significantly the growth in the market. Rising geriatric population is poised to keep the demand for fractional flow reserves high. Unhealthy eating habits in almost all over the world are driving the demand in the fractional flow reserves market.


Growth Drivers

Fractional flow reserves focus on measuring blood pressure difference in coronary artery stenosis to access its significance, which has been growing steadily. The rising incidence of CAD globally is a significant factor. As CAD is a leading cause of death worldwide, the need for accurate diagnostic tools like FFR is growing. The development of advanced FFR technologies, including non-invasive FFR, has made the procedure more accessible and safer. Integration with imaging systems and the use of pressure wires have improved the accuracy of diagnosis. Increasing awareness among healthcare providers about the benefits of FFR over traditional methods like angiography. This has led to greater adoption in clinical practices. Guidelines from major cardiology associations, such as the American College of Cardiology and the European Society of Cardiology, recommend the use of FFR in certain cases, which boosts its usage.

Increasing spending on healthcare infrastructure, especially in emerging markets, is driving the adoption of advanced diagnostic technologies, including FFR. Continuous research and development efforts by key market players to develop more accurate, reliable, and user-friendly FFR systems are pushing the market forward. The global aging population is at high risk of cardiovascular diseases, leading to an increased demand for diagnostic tools like FFR. In many countries there are favorable reimbursement policies for FFR procedures, encouraging hospitals and clinics to adopt the technology.

Segmentation

By Application

·         Single Vessel CAD

·         Multi Vessel CAD

By Product Type

·         FFR Guidewires

·         FFR Monitoring Systems

·         Non-Invasive FFR Systems

By End-User

·         Hospitals

·         Cardiac Catheterization Laboratories

·         Ambulatory Surgical Centers

·         Diagnostic Centers

By Technology

·         Invasives

·         Non-Invasive

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Fractional Flow Reserve Market by End-Users Segmentation

On the basis of the end-users, the fractional flow reserve market is segmented into hospitals, diagnostic centers, ambulatory surgical centers, and cardiac catheterization laboratories. Hospitals are the leading segment in the market and are expected to dominate the market during the forecast period. Hospitals are equipped with the advanced diagnostic and intervention tools required for FFR procedures. This includes Cath labs, imaging systems, and FFR-specific devices like guidewires and monitoring systems.


Hospitals often have dedicated cardiac care units and catheterization labs. Making them well-suited for performing complex procedures like FFR. FFR procedures require skilled and expert radiologists, anesthesiologists, and support staff, which is essential for safe and effective use of FFR. Hospitals are well-equipped to handle emergency situations, which is vital for patients with acute coronary syndrome.

FFR is frequently used in conjunction with other diagnostic and therapeutic processes, such as angioplasty and stent placement, which are typically done in hospital settings. Hospitals offer a continuum of care, from diagnosis through treatment and follow-up. Hospitals often have established relationships with insurance providers and government healthcare programs, making it easier to obtain reimbursement for FFR procedures. Due to the higher volume of procedures performed in a hospital, it achieves economies of scale, making the use of advanced technologies.

Regional Outlook

On the basis of the regions, the fractional flow reserve market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is the leading segment in the market and is expected to dominate the market during the forecast period due to the favorable government policies aimed at promoting the adoption of medical devices. The presence of well-established healthcare infrastructure is the key factor behind the significant growth in the market. Due to the increasing number of mergers and acquisitions by key industry players, the North American market is witnessing significant growth in the market.

The Asia Pacific region is expected to dominate the market during the forecast period due to increasing population and rising disposable income. The increasing number of diabetes and cardiovascular disease patients is driving growth in the market. Driven by factors such as rising disposable income and urbanization, the region is witnessing a significant number of cardiac patients and diabetes patients. China and India are increasing their healthcare budgets to improve infrastructure and provide better care. Investments in advanced medical technologies like FFR are driving the market towards success.

Increasing demand for measuring the severity of coronary artery diseases and its adoption have been rising steadily. With the growing burden of cardiovascular diseases, there is an increasing demand for precise diagnostic tools, like FFR, that help in accurate assessment and effective management of coronary artery diseases. Government and healthcare organizations are also prioritizing the health needs of the aging population. Higher healthcare budgets allow for the procurement and implementation of advanced diagnostic technologies, including FFR systems, enhancing the quality of care provided.

Awareness campaigns highlighting the importance of early and accurate heart disease diagnosis are contributing to the demand for effective diagnosis procedures. Europe is also witnessing moderate growth during the forecast period due to well-established healthcare infrastructure and an increasing geriatric population in countries such as Germany, Italy, France, Spain, and the United Kingdom. The increasing number of cardiac patients and diabetic patients is driving growth in the market significantly. Implementation of advanced diagnostic technologies is the key factor behind the significant growth in the market. The presence of key players in North America and Europe is the key reason behind the significant growth in the market. Middle East and Africa, and Latin America is witnessing slow growth in the market due to poor healthcare infrastructure.


 Key Players

·         Abbott

·         Boston Scientific Corporation

·         Siemens Healthineers

·         Pie Medical Imaging

·         Medis Medical Imaging Systems BV

·         Cathworks

·         Opsens, Inc.

·         KoninKlijke Philipps, N.V.

·         ACIST Medical Systems

·         Heartflow, Inc.

·         Other Players

Buy Report