Deep Vein Thrombosis Market Size, Trends And Industry Report By 2033

The Business Research Company recently released a comprehensive report on the Global Deep Vein Thrombosis Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The deep vein thrombosis market size has grown steadily in recent years. It will grow from $1.03 billion in 2023 to $1.07 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to increased vascular medicine specialization, influence of medical guidelines, focus on thrombosis prevention, clinical research development, increased diagnosis awareness.

The deep vein thrombosis market size is expected to see steady growth in the next few years. It will grow to $1.26 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to growing aging population, rising incidence of lifestyle diseases, preventive healthcare emphasis, innovative therapies, focus on patient-centric care. Major trends in the forecast period include risk factors awareness, advancements in diagnosis, treatment innovations, public health initiatives, post-surgical prevention.

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Market Drivers and Trends:

The increasing number of individuals who require deep vein thrombosis (DVT) treatment is expected to propel the growth of the deep vein thrombosis market going forward. DVT treatment refers to treating patients with deep vein thrombosis using drugs such as anticoagulants and others that prevent the formation of new blood clots and existing blood clots from getting larger, alleviating the disease condition. The increase in the number of patients requiring DVT treatment indicates an increase in the prevalence of deep vein thrombosis that requires products for DVT diagnosis, prevention, and treatment. For instance, in February 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, an overall 900,000 people could be affected each year in the United States due to deep vein thrombosis, and between 60,000 and 100,000 Americans die each year from DVT or PE (pulmonary embolism). Therefore, the increasing number of individuals requiring deep vein thrombosis (DVT) treatment is driving the market.

Product innovations are a key trend gaining popularity in the deep vein thrombosis market. Major companies operating in the deep vein thrombosis market are adopting new technologies to develop new product and to sustain their position in the market. For instance, in January 2023, Penumbra Inc., a US-based developer of innovative therapies, launched Lightning Flash, an advanced and powerful mechanical thrombectomy system for addressing venous and pulmonary thrombus. The system features Penumbra's novel lightning-intelligent aspiration technology and innovative dual clot detection algorithms. It is designed to quickly remove large blood clots in the body, including venous thrombus and pulmonary emboli (PE). It provides physicians with a high torque-able, larger catheter designed for efficiently removing a significant clot burden in the pulmonary arteries or deep venous system while maintaining an excellent safety profile.

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Major Key Players of the Market:

Abbott Laboratories; Bristol-Myers Squibb Company; Sanofi-Aventis U.S. LLC; Daiichi Sankyo Company Limited; Aspen Pharmacare Holdings Limited; Novartis AG; Mylan N.V.; Bayer AG; Boehringer Ingelheim GmbH; Medtronic PLC; Momenta Pharmaceuticals Inc.; Hikma Pharmaceuticals PLC; Laboratorios Farmacéuticos Rovi S.A.; Cardinal Health Inc.; Altimed Ltd.; Teva Pharmaceutical Industries Ltd.; Swiss Pharma Private Limited; Laurus Labs Limited; AstraZeneca PLC; Stryker Corporation; Cook Medical Incorporated; Boston Scientific Corporation; Koninklijke Philips N.V.; Arjo AB; DJO Global Inc.; Zimmer Biomet Holdings Inc.; Devon Medical Products LLC; ThermoTek USA Inc.; Lonza Group AG; Pfizer Inc.

Deep Vein Thrombosis Market 2024 Key Insights:

• The deep vein thrombosis market size will grow to $1.26 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%.
• Rising Demand For Deep Vein Thrombosis (DVT) Treatment Drives Market Growth
• Companies Unveil Revolutionary Mechanical Thrombectomy System With Lightning Flash Technology To Driving Innovations In Deep Vein Thrombosis Market
• North America was the largest region in the deep vein thrombosis market in 2023

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