Medical DVT Pumps Market Size, Share, Growth, and Industry Analysis by Type (Lower Extremity, Upper Extremity), by Application (Hospitals, Surgical Centers, Others), and Regional Forecast to 2031

Updated On: 08 April 2024

Report Overview

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The global medical DVT pumps market size was 371.3 million in 2021. As per our research, the market is expected to reach USD 575.15 million in 2031, exhibiting a CAGR of 4.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with medical DVT pumps market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Medical DVT Pumps are firmness pumps designed to prevent people from getting deep vein thrombosis (DVT), which can be a life-threatening event. Medical DVT Pumps work in such a way as to deliver the proper compression, so that blood within the arteries does no clot. Medical DVT pumps are lightweight inflated compression devices used for preventing deep vein thrombosis. Deep vein thrombosis is a condition where blood clots are formed from platelets and fibrin, blocking a functioning blood vessel, highly common in immobile or inactive people for a more extended period. These pumps fortified with a touch screen for easy setup deliver the required inflated compression to prevent blood clots within the arteries and veins. A wide range of DVT Pumps with altered treatment options, functionalities, and garment sizes are available. The calm, vibration-free portable pump with an ergonomically designed soft, breathable fetter that fits any leg and can be used with the patient resting is the most popular. Patients with cardiac diseases are at a suggestively higher risk of heart disease and stroke than the all-purpose population, which can lead to the development of deep vein thrombosis.

Surge in R&D activities and technological advancements to improve the performance of DVT preventive pumps are projected to enhance the growth of the DVT preventive pumps market. Several companies are opting for various strategies which further help in the development of market share. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth.  DVT pumps deliver pressure to the upper or lower extremities to increase blood flow in these areas to prevent blood clots. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for vacuum coatings for firming their positions.

COVID-19 Impact:  Pandemic Hampered the Market Due To Unexpected Disruption In The Sector

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

Use of Innovative Products To Boost The Market Growth

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into lower extremity, upper extremity.

Lower extremity will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into hospitals, surgical centers, others.

Medical DVT pumps market players cover segment as hospitals will dominate the market share during forecast period.

Driving Factors

"Increase in Orthopaedic And Spinal Surgeries To Boost The Market Growth"

The rising number of orthopaedic and spinal surgeries, an increasing number of patients with DVT, lymphedema, and increasing incidence of sports-related injuries will further propel the market growth. Portable DVT devices are achievement incredible popularity as they can be used for therapy at home, hospital, workplace, or even while traveling.  The demand is motivated by the growth of these industry which is anticipated to enhance market growth.

"Technological Advancement And Development To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the medical DVT pumps market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. The healthcare industry is altering drastically with rapid technological developments and innovation, enhancing healthcare services and quality of care. 

Restraining Factor

"High Cost to Hamper The Market Growth"

High cost is hampering development of medical DVT pumps market. High initial cost, complex procedure and upkeep condition are involved in the restraining factors. Technical difficulties will reduce the industry revenue.

Regional Insights

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"North America to dominate the Market Due To Technological Development"

North America is further expected to witness growth in the medical DVT pumps market share. The region is dominating the market due to technological advancements related to the treatment of DVT. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• ArjoHuntleigh (U.S.)
• Zimmer Biomet (U.S.)
• Cardinal Health (U.S.)
• Devon Medical Products (U.S.)
• Currie Medical Specialties (U.S.)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.