Inferior Vena Cava (IVC) Filter Market by Product (Retrievable IVC Filter, Permanent IVC Filter), Material (Non-Ferromagnetic Materials, Ferromagnetic Materials), Application (Treatment Venous Thromboembolism (VTE), Prevent Pulmonary Embolism (PE), and Ot

Inferior Vena Cava (IVC) Filter Market by Product (Retrievable IVC Filter, Permanent IVC Filter), Material (Non-Ferromagnetic Materials, Ferromagnetic Materials), Application (Treatment Venous Thromboembolism (VTE), Prevent Pulmonary Embolism (PE), and Others), End User (Hospitals, Ambulatory Surgical Centers (ASCs), and Others), and Region 2023-2028

The global inferior vena cava (IVC) filter market size reached US$ 662 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,086 Million by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028. Rising usage of IVC filters among patients with acute venous thromboembolic events, the increasing preference for minimally invasive surgeries, and the growing numbers of digital catheterization laboratories represent some of the key factors driving the market.

Inferior vena cava (IVC) is the most prominent vein in the body that is responsible for carrying de-oxygenated blood to the heart’s right atrium and then to the lungs. An IVC filter refers to a small piece of device that is implanted into the IVC to prevent blood clots in the legs from traveling to the lungs, thus providing enhanced thromboembolic protection. IVC filters help reduce the risks of pulmonary embolism by trapping large clots while preventing them from reaching the lungs and heart. There are six limbs of stainless steel that radiate from the apex of this cone-shaped filter, which can be inserted either permanently or temporarily. IVC filters are primarily constructed from phynox, an MRI-compatible nonferromagnetic alloy, which contains cobalt, chromium, and nickel. Clinical trials have shown IVC filters are an effective alternative to anticoagulants for preventing mortality due to pulmonary embolism.

The rapid usage of IVC filters among patients with acute venous thromboembolic events and failed anticoagulation therapy is one of the key factors driving the growth of the market. This can be attributed to the augmenting prevalence of cardiovascular disorders across the globe. In line with this, a considerable rise in the preference for minimally invasive (MI) surgeries is acting as a significant growth-inducing factor for the market. Continual technological advancements in medical imaging procedures, along with the advent of optional and retrievable IVC filters, are propelling the market. Besides this, the growing numbers of digital catheterization laboratories, along with improvements in the healthcare infrastructure, are creating lucrative growth opportunities in the market. Apart from this, favorable initiatives undertaken by government bodies of several countries for spreading awareness regarding cardiovascular disorders (CVDs) are creating a positive market outlook. Furthermore, an enhanced focus on strategic partnerships, such as acquisitions and mergers by the major market players to augment their global presence, is impacting the market positively. Additionally, the expanding geriatric population that is susceptible to developing a wide range of chronic ailments is also acting as a significant growth-inducing factor for the market. Some of the other factors contributing to the market include rapid urbanization, unhealthy lifestyles led by the masses, increasing healthcare expenditure, and extensive research and development (R&D) activities.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global inferior vena cava (IVC) filter market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product, material, application and end user.

Product Insights

Retrievable IVC Filter
Permanent IVC Filter

The report has provided a detailed breakup and analysis of the inferior vena cava (IVC) filter market based on the product, which includes retrievable IVC filter and permanent IVC filter. According to the report, retrievable IVC filter exhibited a clear dominance in the market.

Material Insights

Non-Ferromagnetic Materials
Ferromagnetic Materials

The report has provided a detailed breakup and analysis of the inferior vena cava (IVC) filter market based on the material, which includes non-ferromagnetic materials and ferromagnetic materials. According to the report, non-ferromagnetic materials represented the largest segment.

Application Insights

Treatment Venous Thromboembolism (VTE)
Prevent Pulmonary Embolism (PE)
Others

The report has provided a detailed breakup and analysis of the inferior vena cava (IVC) filter market based on the application. This includes treatment venous thromboembolism (VTE), prevent pulmonary embolism (PE), and others. According to the report, treatment venous thromboembolism (VTE) accounted for the largest segment.

End User Insights

Hospitals
Ambulatory Surgical Centers (ASCs)
Others

A detailed breakup and analysis of the inferior vena cava (IVC) filter market based on the end user has also been provided in the report. This includes hospitals, ambulatory surgical centers (ASCs), and others. According to the report, hospitals accounted for the majority of the total market share.

Regional Insights

North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, the North America was the largest market for inferior vena cava (IVC) filter. Some of the factors driving the North America inferior vena cava (IVC) filter market included continual technological advancements in the healthcare sector, the rising incidences of cardiovascular diseases and strokes, increasing geriatric population, unhealthy lifestyles led by the masses, growing investment in research and development (R&D) activities, etc.

Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global inferior vena cava (IVC) filter market. Detailed profiles of all major companies have also been provided. Some of the companies covered include ALN Implants Chirurgicaux, Argon Medical Devices Inc., B. Braun Melsungen AG, Becton Dickinson and Company, Braile Biomédica, Cook Group Incorporated, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global inferior vena cava (IVC) filter market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global inferior vena cava (IVC) filter market?
What are the key regional markets?
Which countries represent the most attractive inferior vena cava (IVC) filter markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the material?
What is the breakup of the market based on the application?
What is the breakup of the market based on end user?
What is the competitive structure of the global inferior vena cava (IVC) filter market?
Who are the key players/companies in the global inferior vena cava (IVC) filter market?