Venous Thromboembolism Treatment Market Analysis

Venous Thromboembolism Treatment Market Analysis

Compression system segment in the venous thromboembolism treatment market accounted for more than USD 120 million in 2020. Increasing number of surgical procedures has spurred the adoption of compression devices for DVT prophylaxis. Surgeries including orthopedic procedures cause long duration of immobility and thus, there is higher probability of development of DVT. Hence, patients are recommended to use compression devices post-procedure to curb the risk.

Venous thromboembolism treatment market for Pulmonary embolism segment is projected to witness a 9.4% growth rate by 2027. PE is life-threatening and the 3^rd most commonly affected CVD. Hence, market players are launching novel devices including ultrasound-guided catheter-directed thrombolysis systems to cater to need for effective treatment. Thus, with rising need for disease management, the demand for pulmonary embolism treatment devices will expand over the coming years.
 

Hospitals end-use segment dominated around 75% of the venous thromboembolism treatment market share in 2020. Large number of surgical procedures and interventions carried out in hospitals boosts the demand for VTE prophylactic devices in these settings.
 

Hospitals have well-developed infrastructure and thereby, large base of patient admissions. Wide range of ailments including cancer are treated in hospitals and hence due to associated risk of VTE, these settings showcase higher demand for various VTE treatment products. In addition, growing prevalence of hospital-associated venous thromboembolism will further stimulate the market progression during the forecast period.
 

North America venous thromboembolism treatment market captured over 40% of revenue share in 2020. As per the American Medical Association, around 2 million Americans are affected by deep vein thrombosis annually. Thus, with increasing incidence of such fatal disease, its awareness, diagnosis and timely therapy is crucial.
 

Several organizations are taking initiatives to raise awareness about VTE in the country. Some organizations, in collaboration with the CDC, are joining the ‘Stop the Clot, Spread the Word’ campaign to spread national awareness about blood clots. Such initiatives will positively impact knowledge about disease diagnosis and treatment alternatives, thereby influencing the market value during the forecast timeline.