DVT Preventive Pump Market Size | Report Analysis 2022, 2028

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DVT Preventive Pump Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Lower Extremity and Upper Extremity) and End User (Hospitals & Clinics, Surgical Centers, and Others) 

Publication Month: Nov 2022 | Report Code: TIPRE00021164 | No. of Pages: 135 | Category: Medical Device | Status: Published

The DVT preventive pump market was valued at US$ 383.86 million in 2021; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.

DVT pumps are pneumatic compression pumps that are used to prevent people from getting deep vein thrombosis (DVT), which can be life-threatening. DVT pumps deliver pressure to the upper or lower extremities to increase blood flow in these areas to prevent blood clots. People especially susceptible to thrombosis have recently undergone surgery and are immobile or sedentary. Prolonged inactive states cause blood to pool around veins slowing circulation, thus leading to blot clotting. 

Market Insights

Significant Surge in Geriatric Population and Rising Prevalence of Deep Vein Thrombosis

DVT is a condition that occurs when a blood clot (thrombus) is formed in one or more veins, especially in the lower extremities. It can cause pain and swelling, and in some cases, it leads to pulmonary embolism, a life-threatening condition. Cardiovascular and stroke patients are more prone to DVT as the condition affects the overall blood flow of the body. According to the Centers for Disease Control and Prevention (CDC), approximately 900,000 people are expected to be affected by DVT annually in the US, and ~60,000-100,000 deaths are registered in the country every year. Moreover, the geriatric population is susceptible to DVT as they have restricted movements along with other chronic conditions, such as diabetes and orthopedic disorders, which contribute to the prevalence of DVT. According to the National Library of Medicine, the risk of venous thromboembolism (VTE) is higher in the population aged 65 years and above. Additionally, coexisting comorbidities exhibit a high mortality rate among the geriatric population. Thus, the rising prevalence of DVT across the globe is driving the growth of the DVT preventive pump market

Strategic Insights

Report Coverage - DVT Preventive Pump Market
Report CoverageDetails
Market Size Value inUS$ 383.86 Million in 2021
Market Size Value byUS$ 519.81 Million by 2028
Growth rateCAGR of 4.4% from 2022 to 2028
Forecast Period2022-2028
Base Year2021
No. of Pages135
No. of Tables55
No. of Charts & Figures65
Historical data availableYes
Segments coveredType, and End User
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Several economies such as the US, the UK, Canada, Japan, China, India, and South Korea are witnessing considerable modernization of healthcare facilities and improvements in healthcare services. As a result, the life expectancy of people has increased in these countries, leading to a growth in their geriatric population base. According to the data by the WHO in October 2022, the global geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. Further, the US Census Bureau report states that the number of people aged 65 and above is anticipated to grow from 46 million in 2016 to over ~98 million by 2060 in the US, registering an increase from ~15% to ~24% during this period. Similarly, according to a report published by the United Nations World Population Ageing, Europe had the world's highest percentage (i.e., 25%) of people aged more than 60 years in 2017. Further, all regions of the world, except Africa, are anticipated to account for over ~25% of the population to be aged 60 and above by 2050. As per the same report, underdeveloped and developing countries are expected to account for ~80% of this population growth.

Thus, the rising prevalence of DVT and the surge in the geriatric population has increased the incidence of DVT across the world, which is driving the growth of the DVT preventive pumps market.   

Type Insights

Based on type, the DVT preventive pump market is bifurcated into lower extremity and upper extremity. The lower extremity segment held a larger market share of US$ 279.12 million in 2021; further, it is anticipated to register the highest CAGR of 4.8% during the forecast period.

DVT Preventive Pump Market, by Type – 2021 and 2028

DVT Preventive Pump Market, by Type – 2021 and 2028

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End User Insights

Based on the end user, the DVT preventive pump market is segmented into hospitals and clinics, surgical centers, and others. The hospitals and clinics segment accounted for the largest share of the market in 2021, and it is expected to register the highest CAGR of 5.0% during the forecast period.

Inorganic strategies such as mergers and acquisitions are highly adopted by companies in the DVT preventive pump market. The recent key market developments are listed below:

  • In Feb 2019, Colfax Corporation acquired DJO Global, Inc. from an investor group led by private equity funds managed by Blackstone for US$ 3.15 billion. This acquisition is the next step in the strategic evolution of Colfax, which creates a new growth platform in the high-margin orthopedic solutions market.

Company Profiles

  • Devon Medical Products Inc.          
  • Breg Inc      
  • Bio Compression Systems Inc       
  • Cardinal Health Inc            
  • Arjo AB        
  • Mego Afek Ltd        
  • DJO LLC       
  • Currie Medical Specialities Inc       
  • Zimmer Biomet Holdings Inc         
  • Medcaptain Medical Technology Co Ltd      
  • ThermoTek Inc

Frequently Asked Questions

DVT pumps are pneumatic compression pumps that are used to prevent people from getting deep vein thrombosis (DVT), which can be a life-threatening condition. DVT pumps deliver pressure to the upper or lower extremities to increase blood flow in these areas in order to prevent blood clots. People especially susceptible to thrombosis are those who have recently undergone surgery and are immobile or sedentary throughout the day. Prolonged inactive states cause blood to pool around veins slowing circulation and leading to blot clotting.
The factors that are driving the growth of the DVT preventive pump market are the increasing prevalence of DVT cases and increasing product launches in the region. In addition, the rising number of hospital and clinic visits by patients that increases the consumption of DVT pumps are the factors expected to boost the DVT preventive pump market growth in the region.
The DVT preventive pump market majorly consists of the players, such as Devon Medical Products Inc; Breg Inc; Bio Compression Systems Inc; Cardinal Health Inc; Arjo AB; Mego Afek Ltd, DJO LLC; Currie Medical Specialities Inc; Zimmer Biomet Holdings Inc; Medcaptain Medical Technology Co Ltd; ThermoTek Inc.
The CAGR value of the DVT preventive pump market during the forecasted period of 2022-2028 is 4.4%.
The DVT preventive pump market is estimated to be valued at US$ 383.86 million in 2021.
The DVT preventive pump market is expected to be valued at US$ 519.81 million in 2028.
The lower extremity segment held the largest share of the market in 2021. Also, the same segment is estimated to register the highest CAGR of 4.8% in the market during the forecast period.
The Asia Pacific is expected to be the fastest-growing region in the DVT preventive pump market over the forecast period due to the increasing prevalence of DVT cases and increasing product launches in the region.

The List of Companies - DVT Preventive Pump Market

  1. Devon Medical Products Inc
  2. Breg Inc
  3. Bio Compression Systems Inc
  4. Cardinal Health Inc
  5. Arjo AB
  6. Mego Afek Ltd
  7. DJO LLC
  8. Currie Medical Specialties Inc
  9. Zimmer Biomet Holdings Inc
  10. Medcaptain Medical Technology Co Ltd
  11. ThermoTek Inc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the DVT preventive pump market.
  • Highlights key business priorities in order to assist companies in realigning their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global DVT preventive pump market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
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