The global Fractional Flow Reserve Market is projected to achieve substantial growth by 2028, driven by a high compound annual growth rate (CAGR) throughout the forecast period. According to industry analysis, this growth is primarily attributed to the increasing demand for fractional flow reserve in various applications, supported by changing market trends.
Fractional flow reserve (FFR) involves an invasive procedure to assess the presence of stenosis in the coronary artery. This method utilizes a thin guide wire inserted across the coronary artery to measure blood pressure accurately. The results obtained from FFR aid in determining whether angioplasty is necessary, thereby benefiting patients with cardiac issues by avoiding unnecessary stenting or surgery.
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Major Companies Profiled In The Report:
- OPSENS Medical
- Boston Scientific
- Terumo Corporation
- ACIST Medical Systems Inc.
- Abbott Laboratories
- The Bracco Group
- CathWorks Ltd.
- Koninklijke Philips N.V.
- Siemens Healthineers
- Medis Medical Imaging
- B. Braun Melsungen
- HeartFlow
- Pie Medical Imaging BV
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Driving Factors of the Fractional Flow Reserve Market:
- Increasing Prevalence of Cardiovascular Diseases: The rising incidence of cardiovascular diseases, such as coronary artery disease, has led to a growing demand for diagnostic tools like fractional flow reserve to accurately assess and manage patients' conditions.
- Growing Adoption of Minimally Invasive Procedures: Fractional flow reserve offers a less invasive alternative to traditional diagnostic methods, attracting patients and healthcare providers towards its use due to reduced risks, faster recovery times, and improved patient outcomes.
- Advancements in Technology: Technological advancements in fractional flow reserve devices, such as improved guidewires and pressure sensors, have enhanced accuracy and ease of use, boosting their adoption in the healthcare industry.
- Increasing Awareness and Education: Growing awareness about the benefits of fractional flow reserve among healthcare professionals and patients has contributed to its higher acceptance and usage in clinical practice.
Restraining Factors of the Fractional Flow Reserve Market:
- High Cost of Fractional Flow Reserve Procedures: The initial setup cost, equipment, and procedure costs associated with fractional flow reserve can be expensive, limiting its adoption in certain healthcare settings and regions with limited resources.
- Lack of Skilled Healthcare Professionals: Performing fractional flow reserve procedures requires specialized training and expertise, and the shortage of skilled healthcare professionals may hinder its widespread adoption.
- Alternative Diagnostic Techniques: Some non-invasive diagnostic techniques, such as stress tests and CT angiography, serve as alternatives to fractional flow reserve, posing competition and potentially limiting its market growth.
- Potential Risks and Complications: Although fractional flow reserve is generally safe, like any invasive procedure, it carries a slight risk of complications, which may deter some patients and healthcare providers from opting for it.
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