Europe Inferior Vena Cava Filter Market

Europe Inferior Vena Cava Filter Market Size (2020 to 2025)

The Europe Inferior Vena Cava Filter Market size is estimated to be USD 177.48 million in 2020. It is expected to grow at a CAGR of 8.92% and reach USD 272.07 million by 2025.

The growing aging population in the European countries is significantly boosting the demand for the IVC filters in this region. Nearly 15% of the population in this region are aged 65 years and above. More than 34% of the population is expected to be aged 60 years and above by 2050, and this region is considered to retain as the most aged ones in the upcoming years.

Additionally, growing expenditure on healthcare and rising incidences of chronic diseases are leveling up the growth rate of the European IVC Filters Market. About 17.3 million people lost their lives due to cardiovascular diseases, and it is predicted that it will reach 23.3 million by 2030, according to the World Health Organization (WHO).

The IVC filters placement procedures' cost is so expensive is a key factor restraining the market growth during the analysis period. Less knowledge about the inferior vena cava filters regarding the medical conditions and the different treatment options, and they highly depend on medical advice from professionals hampering the market growth during the estimated period.

The European Inferior Vena Cava Filter Market research report has been segmented and sub-segmented into the following categories:

• By Application: Treatment of Venous Thromboembolism and Preventive Pulmonary embolism
• By Product Type: Retrievable IVC and Permanent IVC
• By Material: Non-Ferromagnetic Material and Ferromagnetic Material
• By End User: Hospitals, Ambulatory Surgical Centers and Others
• By Country: United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands and Rest of Europe

Regionally, The market in Europe is anticipated to showcase promising growth and has occupied the second-largest measure following North America. The rising number of cardiovascular diseases is an essential factor responsible for market growth in this region. The Eastern European market shows promising growth and will contribute further to the European market, which currently occupies the second-largest share in the global market. 

The United Kingdom is expected to dominate the largest share in the European IVC filter market. Advanced technologies can brisk the production rate of new materials utilized for reducing the production cost providing greater endurance is fueling the growth. Advance technologies and research and development activities in medical imaging have made the IVC filter process easy and effective. Moreover, advances in medical imaging help to minimize the risk and the exactness of the procedure. An increasing number of hospitals govern the market, and the surgeries needed for cardiovascular diseases are mounting considerably. Having awareness in people and increasing count in patients diagnosed with CVD and surging government initiatives measurements to mount the awareness of the devices utilized for the treatment is influencing the market growth.

Some of the key players in the European IVC filters market include C.R. Bard, Boston Scientific, Cardinal Health, Cook Medical, B.Braun, ALN, Braile Biomedica, Philips Volcano, Argon Medical Devices, and VENITI.