The Insight Partners published latest research study on “DVT Preventive Pump Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, End User, and Geography,” the global DVT preventive pump market is expected to grow from USD 383.86 million in 2021 to USD 519.81 million in 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028. The rising cases of cardiac disorders and stroke, a significant surge in the geriatric population, and the growing prevalence of deep vein thrombosis (DVT) are propelling the market growth. However, the lack of skilled professionals, side effects associated with pumps, and availability of alternatives are restraining the market growth.
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Global DVT Preventive Pump Market: Competition Landscape and Key Developments
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 are a few of the key companies operating in the global DVT preventive pump market. These companies adopt product innovation strategies to meet the evolving customer demands, allowing them to maintain their brand name in the global DVT preventive pump market.
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.
Browse key market insights spread across 135 pages with 55 list of tables & 65 list of figures from the report, “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)” in detail along with the table of contents: https://www.theinsightpartners.com/reports/dvt-preventive-pump-market
Rising Cases of Cardiac Disorders and Stroke:
Cardiovascular diseases (CVDs) are one of the leading causes of death worldwide. According to the World Health Organization, ~17.9 million people died from CVDs in 2019, accounting for 32% of total deaths across the world. Furthermore, 85% of these deaths were due to heart attacks and strokes. Globally, approximately three-quarters of total deaths from CVD occur in low- and middle-income countries as they have minimal access to effective and equitable health services. Moreover, cardiac patients have a significantly higher risk of triggering heart diseases and stroke than the general population, which can lead to the development of DVT. Further, the incidence of heart failure and atrial fibrillation is twice as compared to patients with coronary artery disease, which, in turn, contributes to the prevalence of DVT.
Stroke remains an immense concern for public health, regardless of advances in understanding several factors regarding the disease, such as epidemiology, quality of life, and pathophysiology. According to the Indian Stroke Association, ~1.8 million people in India suffer a stroke yearly, and only early treatment can reduce the morbidity and mortality rates. Further, the growing incidence of stroke can lead to high risk for the population, but stroke treatment and rehabilitation are still underdeveloped in the country. As per the American Heart Association, stroke is the fifth-highest cause of death in the US, resulting in 1 in 6 deaths in 2020. In 2019, the US registered 460,000 strokes (two-thirds were ischemic), out of which 190,000 cases were stroke-related deaths, and 3.83 million cases were stroke-disability-adjusted life years. Therefore, the rising cases of cardiac disorders and stroke across the globe are increasing the prevalence of DVT, which is driving the growth of the DVT preventive pumps market.
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Increase in Number of Surgical Procedures and High Adoption of DVT Preventive Pumps:
The healthcare industry is developing tremendously on a global level, supported by government and nongovernment organizations and investments to ensure high-quality service and infrastructure for the increasing patient population. There has been significant growth in chronic conditions such as cardiovascular disorders, orthopedic disorders, and cancer, along with the surge in trauma cases has increased the number of surgical procedures. As per the National Library of Medicine, 99,333 orthopedic surgeries were performed in 2020 in Chile. Additionally, the government and nongovernment organizations have favorable reimbursement policies, which are further expected to increase the number of surgical procedures. Surgery patients are more prone to DVT, especially orthopedic surgery patients. As per the National Library of Medicine 2019 report, the incidence rate of postsurgical DVT in orthopedic patients is 7.2%, which is doubled in patients aged 60 years and above.
Therefore, the rising prevalence of DVT in surgery patients has increased the demand for effective preventive methods such as DVT preventive pumps, one of the most effective and efficient methods with minimal side effects. Due to the reduced side effects and increased efficiency, DVT preventive pumps are preferred by a large patient population. Thus, the increase in the number of surgical procedures and high adoption rate of DVT preventive pumps after surgeries are expected to create lucrative opportunities for the DVT preventive pump market over the forecast period.
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