COVID-19 Impacts: Fractional Flow Reserve Devices Market Will Accelerate at a CAGR of Over 12% Through 2020-2024 | Increasing Number of Product Approvals to Boost Growth | Technavio

Technavio has been monitoring the fractional flow reserve devices market and it is poised to grow by USD 446.64 million during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Fractional Flow Reserve Devices Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Fractional Flow Reserve Devices Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • What was the value of the fractional flow reserve devices market in 2019?
  • Technavio says that the value of the market was USD 575.65 million in 2019 and it is projected to reach USD 1022.29 million by 2024.
  • At what rate is the market projected to grow during the forecast period 2020-2024?
  • Growing at a CAGR of over 12%, the market growth will accelerate during the forecast period.
  • What is the key factor driving the market?
  • The increasing number of product approvals is one of the key factors driving the market growth.
  • Who are the top players in the market?
  • Abbott Laboratories, Boston Scientific Corp., Bracco SpA, Cathworks Ltd., GE Electric Co., Heartflow Inc., Koninklijke Philips NV, Opsens, Siemens Healthineers AG, and Terumo Corp. are some of the major market participants.
  • Which region is expected to hold the highest market share?
  • North America
  • What is a major trend in the market?
  • Increasing focus on non-invasive FFR is a major growth factor for the market.
  • What is the year-over-year growth rate of the global market?
  • The year-over-year growth rate for 2020 is estimated at 11.81%.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Abbott Laboratories, Boston Scientific Corp., Bracco SpA, Cathworks Ltd., GE Electric Co., Heartflow Inc., Koninklijke Philips NV, Opsens, Siemens Healthineers AG, and Terumo Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increasing number of product approvals has been instrumental in driving the growth of the market.

Fractional Flow Reserve Devices Market 2020-2024: Segmentation

Fractional Flow Reserve Devices Market is segmented as below:

  • Product
    • FFR Guidewires
    • FFR Monitoring Systems
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40630

Fractional Flow Reserve Devices Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our fractional flow reserve devices market report covers the following areas:

  • Fractional Flow Reserve Devices Market size
  • Fractional Flow Reserve Devices Market trends
  • Fractional Flow Reserve Devices Market analysis

This study identifies the increasing focus on non-invasive FFR as one of the prime reasons driving the fractional flow reserve devices market growth during the next few years.

Fractional Flow Reserve Devices Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the fractional flow reserve devices market, including some of the vendors such as Abbott Laboratories, Boston Scientific Corp., Bracco SpA, Cathworks Ltd., GE Electric Co., Heartflow Inc., Koninklijke Philips NV, Opsens, Siemens Healthineers AG, and Terumo Corp. Backed with competitive intelligence and benchmarking, our research reports on the fractional flow reserve devices market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Fractional Flow Reserve Devices Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist fractional flow reserve devices market growth during the next five years
  • Estimation of the fractional flow reserve devices market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the fractional flow reserve devices market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fractional flow reserve devices market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • FFR guidewires - Market size and forecast 2019-2024
  • FFR monitoring systems - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Abbott Laboratories
  • Boston Scientific Corp.
  • Bracco SpA
  • Cathworks Ltd.
  • GE Electric Co.
  • Heartflow Inc.
  • Koninklijke Philips NV
  • Opsens
  • Siemens Healthineers AG
  • Terumo Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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