Vena Cava Clips and Filters Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Vena Cava Clips and Filters Market is segmented By  Product Type (Vena Cava Clips, Vena Cava Filters), By Application (Market Attractiveness Index, By Application, Pulmonary Embolism, Deep Vein Thrombosis (DVT) Management, Trauma and Surgery), By End User (Hospitals, Specialty Clinics, Ambulatory surgical centers, Others ) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

Global Vena Cava Clips and Filters Market reached US$ 1.3 billion in 2023 and is expected to reach US$ 3.4 billion by 2031, growing at a CAGR of 13.2% during the forecast period 2024-2031

Vena cava clips and filters are medical devices used to treat and prevent blood clots in veins, particularly those that could cause pulmonary embolism. Vena cava clips are surgical devices that permanently or temporarily occlude the inferior vena cava (IVC), the large vein that carries deoxygenated blood from the lower body to the heart. They can be permanent or removable, depending on the clinical needs and potential for future clot development.

Market Scope

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Market Dynamics: Drivers & Restraints

Rise in technological advancements

Minimally invasive procedures, such as biopsies, ablations, and vascular interventions, have gained popularity due to their reduced risk, shorter hospital stays, faster recovery times, and improved patient comfort. Inferior vena cava (IVC) filters are crucial in guiding these procedures, driven by healthcare facilities investing in advanced imaging technology to support these procedures and improve patient outcomes.

Moreover, the use of advanced filter retrieval techniques like excimer laser and endobronchial forceps has led to technical success rates of up to 98% and high safety when used by experienced operators.

High cost of the devices

The global market for vena cava clips and filters faces challenges due to high costs, particularly in low-income and developing regions, and the need for skilled healthcare professionals. Additionally, the risk of complications such as filter migration, perforation, and thrombosis at the filter site is a significant concern, potentially leading to adverse outcomes and the need for additional medical interventions, thus discouraging their use.

Market Segment Analysis

The global vena cava clips and filters market is segmented based on product type, application, end-user, and region.

The vena cava filters  from the product type segment accounted for approximately 54.3% of the vena cava clips and filters  market share

The vena cava filters from the product type segment accounted for approximately 54.3%. Retrievable filters are the dominant choice in the inferior vena cava filters market due to their versatility and ability to be removed once blood clot risk has subsided. These temporary solutions are ideal for patients who don't need permanent implants and allow healthcare professionals to assess patients' conditions over time, making informed decisions about filter removal.
 

Market Geographical Share

North America is estimated to hold about 38.4% of the total market share throughout the forecast period

North America is estimated to hold about 38.4% of the total market share throughout the forecast period owing to factors like novel product launches, FDA approvals, advancements in the devices,  rise in demand for vena cava clips and filter care products and other factors that help the region to grow during the forecast period.

For instance, in February 2023, predicting the safety and effectiveness of inferior vena cava filters (PRESERVE) trial found that there are few adverse events associated with using these filters to prevent deep vein blood clots from developing into pulmonary embolisms, as published in the Journal of Vascular and Interventional Radiology and the Journal of Vascular Surgery.

PRESERVE is a US Food and Drug Administration (FDA)-directed multicentre, prospective, open-label, non-randomized trial that studied the safety and efficacy of IVC filters from six manufacturers.

Market Major Players

The major global players in the market include Cook Medical, B. Braun Melsungen AG, Cardinal Health, Becton Dickinson and Co, Argon Medical Devices, Philips Volcano, Cordis, Volcano Corp, Boston Scientific, Medtronic Plc among others.

Key Developments

• In, February 2023, Cook Medical received FDA approval for its Celect Vena Cava Filter, a new generation of retrievable IVC filter. The Celect Vena Cava Filter is designed to be more flexible and easier to insert than previous generations of filters, and it also has a retrieval rate of over 90%.
• In, January 2023, Bard Access Systems announced that it received FDA approval for its Eclipse IVC Filter, a new generation of permanent IVC filter. The Eclipse IVC Filter is designed to be more durable and less likely to migrate than previous generations of filters.

Why Purchase the Report?

• To visualize the global vena cava clips and filters market segmentation based on product type, application, end-user, and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of the vena cava clips and filters market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global vena cava clips and filters market report would provide approximately 64 tables, 61 figures, and 186 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies