Increasing adoption of FFR-CT among the healthcare professional is expected to drive the market through 2030
Increasing adoption of FFR-CT among the healthcare professional is expected to drive the market through 2030
Fact.MR, Rockville MD: The fractional flow reserve-computed tomography (FFR-CT) market is expected to grow considerably due to the rising investment by emerging players. Increasing incidence of cardiovascular diseases has been contributing towards the growth of the market, evaluates Fact.MR.
According to Fact.MR, the global FFR-CT market is expected to witness a positive growth through 2021 and beyond. The expansion of the market is attributable to the rising cases of cardiovascular diseases such as coronary artery disease. Increasing application in multiple coronary artery disease is expected to accelerate the sales of FFR-CT. Additionally, key players are focusing on developing computed tomography error-free and technologically advanced, especially for the patients with multiple coronary artery disease is expected to improve the market demand in the healthcare sector.
For instance, according to the statistics of Centers for Disease Control and Prevention, around 18.2 million people above the age of 20 has succumbed to the coronary artery disease.
“Technological advancements and error-free procedure demand from the doctors has prompted the manufactures to focus on developing advanced & compatible ultrasounds and computed tomography, accelerating the growth,” says the Fact.MR analyst.
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Key Takeaways
- Application in multi-vessel coronary artery disease is expected to maintain dominance through 2030
- In terms of end-user, diagnostic centers to be the most lucrative segment
- United States expected to be one of the most prominent market owing to the well-established healthcare facilities
- Technological advancements and several favorable government initiatives towards the reimbursements policies to aid FFR-CT demand in UK
- China and India to emerge as potential FFR-CT market owing to the rising prevalence of cardiovascular disease
- Hospitals to be the most lucrative segment in terms of end-user
Prominent Drivers
- Rise in geriatric population and unnecessary painful procedures such as catheterization to boost the demand
- Rise in prevalence of cardiovascular disease and chronic disease such as diabetes to be a major driver for FFR-CT
- Favorable reimbursement policies offered by private medical insurance companies such to generate expansion prospects for the market
Key Restraints
- Technical errors and lack of advanced facilities along with lack of awareness among doctors is likely to hinder the growth
- Additional high cost for the diagnosis and high cost associated with tomography makes FFR-CT displeasing to patients, restraining the demand
Discover more about the Fractional Flow Reserve-computed Tomography (FFR-CT) market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/5260/fractional-flow-reservecomputed-tomography-ffrct-market
Competitive Landscape
Abbott Laboratories, Boston Scientific Corporation, Bracco SpA, GE Electric Co., Heartflow Inc., Medtronic PLC, Terumo Corporation, B. Braun Melsungen AG, Siemens AG, Koniklijke Philips N.V are some of the key players profiled by Fact.MR.
In March 2021, GE Healthcare announced the launch of Vscan Air, a cutting-edge wireless ultrasound that provides crystal clear image quality. It’s first of the pocket size computed ultra sound with compatible space and lightweight use for clinicians.
More Insights on the Fractional Flow Reserve-computed Tomography (FFR-CT) Market
In its latest market research study, Fact.MR gives a detailed segmentation on the global fractional flow reserve-computed tomography (FFR-CT). In order to understand the scope of the market, drivers and challenges, the market is segmented on the basis of application (multi-vessel coronary artery disease, and single vessel coronary artery disease), end-user (hospitals,, clinics, specialty centers, ambulatory surgical centers, and others), and regions (North America, Latin America, South Asia, East Asia, Oceania and Middle East & Africa)
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Source: Fact.MR