venous Thromboembolism Treatment Market Anticipated to Achieve $4.40 Billion by 2030

Redding California, February 16, 2024- Meticulous Research®, a pioneering market research firm, unveils a comprehensive report titled 'Venous Thromboembolism Treatment Market,' forecasting the market to reach $4.40 billion by 2030 at a remarkable CAGR of 7.2% from 2023 to 2030.

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Venous thromboembolism, a condition marked by blood clot formation in veins, poses a severe threat to health. This exclusive report delves into the global market dynamics, highlighting key devices such as thrombectomy, inferior vena cava filters (retrievable, permanent), stockings, and compression pumps. The applications covered include deep vein thrombosis (DVT) and pulmonary embolism, with end users encompassing hospitals, ambulatory care centers, and others.

The market's robust growth is propelled by the escalating prevalence of venous thromboembolism, a surge in cancer cases, heightened occurrences of secondary risk factors like diabetes and obesity, and a rising demand for minimally invasive treatments. Factors such as improved accessibility and affordability of treatment options, advancements in diagnosis and treatment methods, and market expansion in emerging economies are expected to foster further growth.
Despite these promising prospects, challenges such as product failures, recalls, and a lack of awareness about venous thromboembolism pose impediments to market growth. Moreover, heightened awareness of potential side effects related to compression garments adds another layer of complexity to the industry's progression.

The report emphasizes the significant role of cancer in driving market growth. With cancer being a leading cause of death globally, the International Agency for Research on Cancer projects a rise in new cancer cases from 19.2 million in 2020 to 24.5 million by 2030. Cancer patients face an increased risk of venous thromboembolism due to tumor-induced vein compression. Notably, specific cancers, such as those affecting the pancreas, brain, lungs, uterus, ovaries, and kidneys, elevate the risk of blood clots.

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In terms of market segmentation, the report provides a detailed analysis based on devices, applications, end users, and geography. Thrombectomy devices are anticipated to dominate the market in 2023, driven by increasing cardiovascular diseases, a preference for minimally invasive procedures, and the introduction of innovative devices. The deep vein thrombosis segment is expected to command the largest share in applications, owing to factors such as a growing geriatric population and lifestyle-induced disease cases.

Geographically, North America is predicted to lead the market in 2023, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific is projected to register the highest CAGR during the forecast period, supported by factors like a rising prevalence of chronic diseases, sedentary lifestyles, increased healthcare expenditures, government initiatives, and growing awareness of venous thromboembolism.

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The report concludes with an in-depth competitive landscape analysis, highlighting key players in the global venous thromboembolism treatment market, including ALN Implants chirurgicaux (ALN Surgical Implants), AngioDynamics, Inc., Argon Medical Devices, Inc., ArjoHuntleigh AB, Boston Scientific Corporation, Cardinal Health, Inc., Cook Group Incorporated, Koninklijke Philips N.V., DS MAREF Co., LTD, Enovis Corporation, LifeTech Scientific Corporation, Medtronic plc, and Stryker Corporation.

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For a more comprehensive understanding of the market and related trends, please refer to the detailed report available on the Meticulous Research® website.
About Meticulous Research® Meticulous Research® is a leading global market research company, providing in-depth analysis, insights, and customized reports across various industries. With a meticulous approach to data accuracy and rigorous market research methodologies, Meticulous Research® delivers actionable intelligence and strategic recommendations for clients worldwide.

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This release was published on openPR.