DVT Pumps Market Size, Share, Growth, and Industry Analysis, By Type (Lower Extremity & Upper Extremity), By Application (Hospitals, Surgical Centers & Other) and Regional Forecast to 2032

DVT PUMPS MARKET REPORT OVERVIEW

The global DVT Pumps market size was USD 376.7 million 2023 , and the market is projected to touch USD 575.93 million 2032, exhibiting a CAGR of 4.3% during the forecast period.

The DVT pumps market finds significant drive within a growing incidence of conditions such as DVT, further supported by an increasing aging population and growing awareness regarding precautionary health care. DVT pumps find their applications in several cases to avoid blood clots in patients who remain either bedridden or stay stationary for a very long period, usually after surgeries or continued bed rest. Technical advancement in the design of pumps to incorporate greater efficiency, portability, and user convenience has driven the market. The expansion of healthcare infrastructure worldwide, coupled with awareness regarding patient safety and post-operative care, has set off a new demand for DVT pumps.

COVID-19 Impact: Market Growth Accelerated by Pandemic Due to Increased Hospitalized Patients

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The number of hospitalized patients, especially those in the ICUs or on extended bed rest, increased astronomically during the pandemic. The demand for DVT pumps was increased because these devices are required for preventing any clots in such patients. There was also a greater awareness for trying to avoid as many conditions acquired in the hospital, such as DVT, more so when the health care systems were overwhelmed. The pandemic further accelerated the adoption of preventive healthcare measures and thereby further increased demand for DVT pumps beyond the initial expectations of the market.

LATEST TRENDS

"Increasing Trend Towards the Adoption of Wearable/Portable Devices to Drive Market Growth"

The trends that have been in force lately in the marketplace, driving growth in the market for DVT pumps, include an increasing trend towards the adoption of wearable/portable devices for better mobility and comfort of the patients. Innovation is making access to DVT pumps by patients easier outside of the conventional health care set-up, such as in home care. Furthermore, emerging developments in smart technology also enable integration between DVT pumps and digital health platforms for continuous monitoring and data capture. This improves patient compliance and enables evidence-based treatment decisions by healthcare providers. Increasing demand from the emerging markets, where healthcare infrastructure is at a rise and awareness regarding the prevention of DVT is improving, is also contributing to the market growth. Taken together, these trends will continue to drive growth in the DVT pumps market.

DVT PUMPS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Lower Extremity & Upper Extremity.

• Lower Extremity: The segment includes DVT pumps that are worn on the legs to prevent blood clots. Such DVT pumps find applications among patients who are at high risk of developing deep vein thrombosis due to prolonged immobility or surgery. These pumps are therefore put into service both in hospitals and in home care to enhance blood circulation in the lower limbs.
• Upper Extremity: The segment covers DVT pumps for less common clots of the arms, which may affect a patient with special risk factors, including central venous catheters. These pumps are important in maintaining proper blood flow and minimizing the chances of thrombosis in the upper body.

By Application

Based on application the global market can be categorized into Hospitals, Surgical Centers & Other.

• Hospitals: The major application area is the Hospitals segment, where DVT pumps find application in preventing thrombosis among bedridden patients or those recovering from surgery. These form part of inpatient care and ensure the safety of patients during extended hospital stays.
• Surgical Centers: The Surgical Centers segment includes outpatient facilities using DVT pumps during and after surgical procedures to avoid clot formation in patients, especially in orthopedic and cardiovascular surgeries. These centers depend on DVT pumps for post-operative care and to reduce the complication rate.

DRIVING FACTORS

"Growing Awareness to Boost the Market"

A high prevalence of DVT conditions, especially among aging populations and chronic disease populations, acts as a driver for DVT pumps market growth. This is supported by growing awareness that increases demand for efficient prophylaxis. Thus, it demands DVT pumps. Technological advancement resulting in much more efficient and user-friendly devices is another driver of this market growth, mainly because innovation improves patient compliance and overall patient outcomes. Further, the development of health infrastructure in emerging economies and rising interest in precautionary health care across the world would additionally boost demand for DVT pumps.

"Increasing Demand for Home Healthcare Solutions to Expand the Market"

DVT pumps see an expanded market due to increasing demand for home healthcare solutions. More patients are opting for home treatment as it brings convenience to the patient. With shifting trends toward outpatient care and shorter lengths of stay in hospitals, there is increased demand for portable, easy-to-operate DVT pumps that can be managed by the patient themselves. Besides this, growing healthcare infrastructure investments in emerging economies are widening the market area. Deep vein thrombosis awareness is also gaining substantial recognition and therefore leading to the trend of increasing adoption of preventive measures that will further expand the market.

RESTRAINING FACTORS

"High Costs Associated to Potentially Impede Market Growth"

The high costs associated with advanced devices may impede accessibility, especially in low-income regions, therefore serving as a significant restraining factor towards the growth of the DVT pumps market. A lack of awareness in the populations of DVT and their prevention leads to low adoption of DVT pumps. The availability of alternative treatments, such as pharmacological interventions, might dampen demand for such devices. Besides, strict regulatory requirements and their often very time-consuming approval processes for new medical devices may make this market grow at a slower rate and delay innovative product introductions.

DVT PUMPS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

"North America Dominating the DVT market due to Huge Aging Population Base"

Dominance again is attributed to a number of factors, including established healthcare infrastructure, high awareness among patients in terms of DVT prevention, and substantial investments in the latest medical technologies. Additionally, a huge aging population base, highly susceptible to diseases like deep vein thrombosis, is driving demand for DVT pumps within this region. Along with this, favorable reimbursement policies and support in terms of medical research and development are acting as other key reasons that have positioned North America as the leading region within the global DVT pumps market share.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Some of the major players that influence the market for DVT pumps through innovation and market expansion include Zimmer Biomet, Medtronic, ArjoHuntleigh AB, Cardinal Health, and DJO Global. Therefore, main players integrate digitized health platforms to develop more efficient and innovative DVT pumps that offer advanced portability and are easy to use. For instance, Zimmer Biomet and Medtronic heavily invest in R&D to build next-generation devices for both hospital and home care. Other companies, like ArjoHuntleigh AB and DJO Global, focus on strategic acquisitions that promise greater access to their products in emerging markets as a way of expanding their presence around the world. Its plan of action for Cardinal Health would include leveraging its massive distribution network to reach more healthcare providers and patients, thus achieving greater market leverage.

List of Market Players Profiled

• ArjoHuntleigh (Sweden)
• Zimmer Biomet (USA)
• Breg (USA)
• DJO (USA)
• Devon Medical Products (USA)
• Cardinal Health (USA)
• Currie Medical Specialties (USA)
• Mego Afek AC LTD (Israel)
• Normatec (USA)
• Bio Compression Systems (USA)
• ThermoTek USA (USA)

INDUSTRIAL DEVELOPMENT

June 2024: A leading provider of medical devices today announced the release of its newest Deep Vein Thrombosis pump, the Venapro Plus. This new pump is an enhancement of their current Venapro system with advanced compression technology that better improves the patient's outcome by having more circulation of the blood in their lower extremity. Lighter and easier to use, the new Venapro Plus will feature extended battery life, minimized noise, and a more compact design to further accommodate its application in both clinic and home settings. This development is part of DJO's commitment to innovating in the DVT prevention space, considering the growing demand for effective and patient-centric solutions in thrombosis management.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.