Inferior Vena Cava (IVC) Filters are small, cage like devices and commonly used to capture blood clots into the inferior vana cava. These medical devices are inserted into inferior vana cava in order to prevent risk of pulmonary emboli and to prevent them from reaching to the lungs. Inferior vana cava is the main vessel that returns blood from the lower half of the body to the heart. Inferior vana cava filters are usually placed in the patient when anticoagulant therapy cannot be effective at the risk of pulmonary embolism. Commercially these filters are available either to implant permanently or temporarily.
The Inferior Vana Cava Filters Market is majorly driven by rising incidences of cardiovascular diseases globally. According to World Health Organization, about 17.3 million people died from cardiovascular disease (CVD) in 2008 and the number is expected to reach 23.3 million by 2030. This increase in number of patients diagnosed with cardiovascular diseases across the world will boost the global inferior vena cava filters market. In addition, positive initiatives by government and private organization to increase awareness about this device will drive the market growth of inferior vena cava filters. For example, in May 2014, U.S. Food and drug administration issued post market surveillance study for inferior vena cava filters.
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This study provides information about the implementation of these filters along with the risk of pulmonary embolism. Thus, these types of efforts will increase the uptake of inferior vena cava filters hence drives the market growth. Moreover, consistent launch of new products by key companies will further drive the market growth of inferior vana cava filters. For example, in January 2014, Argon Medical Devices, Inc. announced that the U.S.FDA has cleared Option ELITE retrievable inferior vena cava (IVC) filter. This device is featured with new over-the-wire delivery technique that enables physicians to safely deliver the filter to a patient’s inferior vana cava by following the path of a guide wire. Thus, these types of introduction will increase the acceptance of these devices and hence stimulates the market growth. However, high cost of the product will hamper the market growth in near future.
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