The global Deep Vein Thrombosis (DVT) pumps market is expected to experience significant growth between 2021 and 2026, according to a new report. The study analyzes key players in the industry, including Arjo, Normatec, DJO, Zimmer Biomet, Mego Afek AC LTD and more. The report also takes a closer look at the regional outlook for the DVT pumps industry, offering insight into the major factors that will drive growth in key markets around the world.
The global DVT pumps market is expected to grow at a compounded annual growth rate (CAGR) of 7.4% over the forecast period, reaching $256.8 million by 2026. The report attributes this growth to a variety of factors, including rising awareness of the benefits of DVT pumps among healthcare professionals and increasing demand from patients.
DVT pumps are used to treat deep vein thrombosis, a condition that occurs when blood clots form in veins deep within the body. If left untreated, DVT can cause serious health problems, including pulmonary embolism, a potentially life-threatening condition that occurs when a blood clot travels to the lungs.
As awareness of DVT and its potential consequences grows, healthcare providers are turning to DVT pumps as a safe, effective treatment option. DVT pumps work by applying intermittent pressure to the patient's legs, helping to improve blood flow in the affected veins and reduce the risk of blood clots.
According to the report, the North American region has the highest market share in the global DVT pumps market, due in part to a high incidence of DVT in the region. In addition, the region's advanced healthcare infrastructure and increasing adoption of DVT pumps by healthcare providers are driving demand.
Meanwhile, the Asia-Pacific region is expected to experience the highest CAGR over the forecast period, thanks to growing awareness of DVT and increasing investment in healthcare infrastructure. The report notes that China and India are likely to be key growth markets in the region.
Overall, the global DVT pumps market is highly competitive, with a number of major players vying for market share. However, the report notes that the market is also fragmented, with many smaller players offering specialized products and services in specific regions.
One key trend driving growth in the DVT pumps market is the increasing use of wearable devices. Wearable DVT pumps offer a number of advantages over traditional pumps, including greater mobility for patients and the ability to monitor the patient's condition remotely.
As innovation continues in the DVT pumps market, healthcare providers and patients alike are likely to benefit from new, more effective treatments for this potentially life-threatening condition.