According to a new report by Univdatos, the deep vein thrombosis market is expected to reach around USD 1350 Million in 2032 by growing at a CAGR of 8%.
DVT is a condition that is associated with the formation of blood clots mainly in large veins inside the limbs, particularly the legs. These clots can limit blood circulation and if the clot becomes mobile and heads to the lungs, it could necessitate a deadly situation known as a pulmonary embolism. DVT is a common and severe condition that affects millions of patients all around the world every year and is associated with difficult diagnostic and therapeutic problems.
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World’s Need for DVT Treatment
This is hinged on two facts, the first being the ever-increasing client base of the aging population tournament to DVT risks as well as the changing lifestyles that put people in new risky positions in a relatively faster time now than before. The global figure for DVT as mentioned by the WHO is not accurately defined, though it depends on the person’s genetics, healthcare access, and knowledge about the disease. North America and Europe have been prominent markets because of well-developed healthcare systems as well as high healthcare consciousness among stakeholders. While Europe and North America remain more developed zones with a stable trend in increasing healthcare expenditures but with a relatively constant rate of risk factors such as diabetes and hypertension leading to DVT, Asia-Pacific, and Latin America can be regarded as developing regions with the tendencies in health care investments and incidents of DVT to increase.
Countries with the highest elderly population, (% of their population), (2021):
Cost Considerations
Thus, the cost of DVT does not end with the already high direct costs but also encompasses lost productivity, disability, and general healthcare expenses. The expenses of managing DVT vary based on the extent of the condition, the type of medical intervention medical or surgical, the duration of the patient is hospitalized, and if the indicators progress into post-thrombotic syndrome. Generic drugs and inexpensive technologies for diagnosis have partly eased such pressures, but issues concerning equity of access to health care and the costs of medications remain critical in numerous areas of the world and are potentially influencing treatment results and patients’ lives.
Applications of Advanced Technologies
Progress in the use of technology in diagnosis and treatment has greatly improved the lives of patients with DVT and its complications. Thus, the US has been migrated to play a crucial role in the diagnosis of DVT since it is non-invasive and highly effective in locating the thrombi and identifying DVT severity. Studies on biomarkers have discovered new predictors such as D-dimer level which help in diagnosis and prognosis. New treatments are the DOACs that are safer and more convenient than warfarin therapy. Moreover, less invasive treatments for acute DVT including catheter-directed thrombolysis and venous stenting are still considered as viable owing to their ability to prevent severe, long-term complications of DVT.
Recent Developments/Awareness Programs: - Several key players and governments are rapidly adopting strategic alliances, such as partnerships, or awareness programs for the treatment: -
For instance, according to the study titled "Risk assessment for varicose veins among city Police-A cross-sectional study" published in the Clinical Epidemiology and Global Health in December 2021, Varicose veins affect roughly 23% of adults in the United States.
In 2021, Boston Scientific, a leading medical device company, announced it will acquire Preventice Solutions, Inc., a mobile cardiac health solutions developer, and remote monitoring services, for up to USD 1.2 billion
February 2023: Bayer announced that first patients had been enrolled in the initial trials for its OCEANIC clinical trial program, designed to explore the use of asundexian (BAY2433334), an investigational oral Factor XIa (FXIa) inhibitor, in patients with atrial fibrillation (AF) and patients with a non-cardioembolic ischemic stroke or high-risk transient ischemic attack (TIA), a temporary period of symptoms like those of a stroke.
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Conclusion
Therefore, the global Deep Vein Thrombosis (DVT) market is set to expand its growth frontiers further with the help of the different demographics, technologies, and investments in the healthcare industry across the world. It adapts to current knowledge and innovations in identifying the genetic basis that determines an individual’s potential response to a given therapy and other forms of comprehensive treatments. Combating DVT is a complex process that involves the dedication of healthcare personnel, authorities, and manufacturers to increase the general public’s recognition and access to prevention and treatment methods. DVT is a global health concern that affects various populations, but with strong collaboration and product innovation, the healthcare sector can substantially reduce the disease’s burden on patient health.
Key Offerings of the Report
Market Size, Trends, Forecast by Revenue | 2024−2032F.
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by Drug Class, Treatment, and End-User
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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