Press release
Venous Thromboembolism Market Poised to Hit $3.02 Billion by 2029 with Accelerating Growth Trends
Venous Thromboembolism Market
Venous Thromboembolism Market Size Growth Forecast: What to Expect by 2025?
The scope of the venous thromboembolism sector has experienced consistent expansion lately, projected to climb from a valuation of $2.44 billion in 2024 to $2.53 billion the following year, reflecting a compound annual growth rate of 3.9%; this upward trajectory during the past period stems from factors such as an expanding elderly demographic, progress in anticoagulant therapies, favorable reimbursement frameworks, and greater capital infusion.
How Will the Venous Thromboembolism Market Size Evolve and Grow by 2029?
Anticipated for the coming years is a sustained expansion in the market concerning venous thromboembolism, projected to a valuation of $3.02 billion by 2029, driven by a compound annual growth rate (CAGR) of 4.4%; this upward trajectory during the projection timeline is supported by factors such as expanding worldwide healthcare access, the integration of genetic risk evaluations, the utilization of telemedicine alongside remote surveillance capabilities, and enhanced patient guidance and assistance programs, while key developments set to influence this period encompass longer durations of preventative therapy for clots, the introduction of newer oral anticoagulant medications, customization of patient treatment regimens, and progress in sophisticated methods for diagnostic visualization.
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What Drivers Are Propelling the Growth of Venous Thromboembolism Market Forward?
Anticipated growth within the healthcare infrastructure segment is projected to be a catalyst for the advancement of the venous thromboembolism market moving ahead, as the healthcare domain encompasses the coming together and blending of economic sectors providing goods and services aimed at treating, averting, assisting recovery, and offering comfort care to patients; this broadening of the healthcare sector facilitates the setup of institutional frameworks, regulatory guidelines, established methods, and scholastic offerings vital for effectively deploying VTE prophylaxis strategies; to illustrate this, data from May 2023 from the American Health Care Association, a non-profit entity in the United States, indicated an uptick in the total number of US hospitals, rising to 6,129 from the 6,093 recorded in 2022, while concurrently, the UK's Office for National Statistics reported in May 2023 that the nation's healthcare spending ed around 292 billion pounds in 2023, signifying a nominal rise of 5.6%, alongside a real terms increase of 2.8% in expenditures for long-term health and social support during 2022; consequently, the burgeoning healthcare industry acts as a key driver propelling the venous thromboembolism market forward.
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Which Emerging Trends Are Transforming the Venous Thromboembolism Market in 2025?
To maintain their competitive edge within the venous thromboembolism arena, leading enterprises are consistently innovating by creating new anticoagulant therapies and methods. Progress in anticoagulation science promises the emergence of highly efficacious medications capable of both treating and averting venous thromboembolism events. As an illustration, in the month of September in 2022, the US government's Food and Drug Administration (FDA) granted its endorsement for abelacimab, an anticoagulant medication developed by Anthos Therapeutics, a clinical-stage biotherapeutics firm situated in the US. This recently authorized therapeutic is a completely human monoclonal antibody, designed specifically for prophylactic use against stroke and systemic embolism in individuals diagnosed with atrial fibrillation. Abelacimab, the newly engineered, dual-action antibody administered on a monthly basis, aims to achieve anticoagulation while preserving crucial hemostatic functions through the inhibition of Factor XI.
What Are the Key Segments in the Venous Thromboembolism Market?
The venous thromboembolismmarket covered in this report is segmented -
1) By Type: Deep Vein Thrombosis; Pulmonary Embolism; Other Types
2) By Treatment: Anti-Clotting Medications; Mechanical Devices; Thrombolytic Therapy; Other Treatment
3) By End Users: Hospitals; Homecare; Specialty Centers; Other End Users
Subsegments:
1) By Deep Vein Thrombosis (DVT): Proximal DVT; Distal DVT; Asymptomatic DVT
2) By Pulmonary Embolism (PE): Acute PE; Chronic PE; Submassive PE
3) By Other Types: Thrombophlebitis; Superficial Vein Thrombosis; Post-Thrombotic Syndrome
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Who Are the Key Players Shaping the Venous Thromboembolism Market's Competitive Landscape?
Major companies operating in the venous thromboembolism market are Pfizer Inc., Johnson and Johnson Limited, Merck and Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi-Aventis LLC., Bristol-Myers Squibb Company, GlaxoSmithKline plc., Eli Lilly and Co Ltd., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Daiichi Sankyo Company Limited, Sun Pharmaceutical Industries Limited, Otsuka Pharmaceutical Co. Ltd., Menarini Group, Ipsen S.A., Dr. Reddy's Laboratories Ltd., Apotex Inc., Hikma Pharmaceuticals PLC, Cipla Inc., Endo International PLC, Aspen Pharmacare Holdings Limited, Zydus Lifesciences Ltd., LEO Pharma A/S, Lupin Limited, Torrent Pharmaceuticals Ltd., Almirall S.A., Glenmark Pharmaceuticals Ltd., Portola Pharmaceuticals Inc.
What Geographic Markets Are Powering Growth in the Venous Thromboembolism Market?
North America was the largest region in the venous thromboembolism market in 2024. The regions covered in venous thromboembolism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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