The “Deep Venous Disease Treatment Devices Market – A Global and Regional Analysis: Focus on Product, End User and Country Analysis – Analysis and Forecast, 2023-2032” report has been added to ResearchAndMarkets.com’s offering.
The global deep venous disease treatment devices market was valued at $1,119.3 million in 2022 and is anticipated to reach $2,419.2 million by 2032, witnessing a CAGR of 7.72% during the forecast period 2023-2032. The market is driven by factors such as the upsurge in the incidence of deep vein diseases leading to increased demand for treatment devices, increasing awareness of preventative devices leading to the growth of deep venous disease devices in the market, and a rise in diagnosis of deep venous diseases in hospitals leading to increased use of treatment devices.
Market Lifecycle Stage
The global deep venous disease treatment devices market is in the developed phase. The technological advancements in vascular stents and the development of advanced intermittent pneumatic compression (IPC) devices for prophylaxis of diseases are some of the major opportunities in the global deep venous disease treatment devices market.
Market Segmentation
Segmentation 1: by Product Type
- Thrombectomy and Thrombolysis Device
- Inferior Vena Cava (IVC) Filter
- Peripheral Vascular Stent
- PTA Balloon Catheter
- Accessory Device
- Compression Device/Stockings
The accessory device is the largest segment among the products, followed by the thrombectomy and thrombolysis device segment.
Segmentation 2: by End User
- Hospitals and Clinics
- Ambulatory Surgical Centres
- Home-Care
The global deep venous disease treatment devices market (by end user) is expected to be dominated by the hospitals and clinics segment.
Segmentation 3: by Region
- North America – U.S., Canada
- Europe – Germany, U.K., France, Italy, Spain, and Rest-of-Europe
- Asia-Pacific – China, Japan, India, Australia, South Korea, and Rest-of-Asia-Pacific
- Rest-of-the-World – Brazil, South Africa, and Rest-of-Rest-of-the-World
The global deep venous disease treatment devices market (by region) is dominated by the North America segment.
Recent Developments in the Global Deep Venous Disease Treatment Devices Market
- In January 2023, Innova Vascular, Inc. submitted the 510(k) Premarket Notification for its thrombectomy devices for the treatment of peripheral vascular disease to the U.S. Food and Drug Administration (FDA).
- In January 2023, Penumbra, Inc. launched its “Lightning Flash,” a mechanical thrombectomy system with U.S. FDA clearance.
- In December 2022, Zylox-Tonbridge Medical Technology received approval from China’s National Medical Products Administration (NMPA) for the commercialization of its Zylox Octoplus retrievable inferior vena cava (IVC) filter. The company’s product provides a reliable treatment solution for patients with high-risk deep vein thrombosis (DVT).
Demand – Drivers and Limitations
The following are the drivers for the global deep venous disease treatment devices market:
- Upsurge in Incidence of Deep Vein Diseases Leading to Increased Demand for Treatment Devices
- Increasing Awareness of Preventative Devices Leading to the Growth of Deep Venous Disease Devices in the Market
- Rise in Diagnosis of Deep Venous Diseases in Hospitals Leading to Increased Use of Treatment Devices
The market is expected to face some limitations as well due to the following challenges:
- Rise in Drug-Based Treatment for Deep Venous Diseases Hindering the Adoption of Surgical Devices
- Lack of Skilled Professionals Performing Vascular Surgery Expected to Hinder the Market of Surgical Treatment Devices
Key Companies Profiled
- Abbott Laboratories
- AndraTec GmbH
- AngioDynamics, Inc.
- Boston Scientific Corporation
- Cardinal Health
- Cook Group
- Innova Vascular, Inc.
- Koninklijke Philips N.V.
- Medtronic plc
- Nipro Corporation
- Penumbra, Inc.
- Stryker Corporation
- Surmodics, Inc. (Vetex Medical Ltd.)
- Teleflex Incorporated
- Terumo Corporation
Key Topics Covered:
1 Markets
2 Global Deep Venous Disease Treatment Devices Market (by Product)
3 Global Deep Venous Disease Treatment Devices Market (by End User)
4 Region
5 Markets – Competitive Benchmarking & Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/9yliqe
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