Report : South America DVT Preventive Pump Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lower Extremity and Upper Extremity) and End User (Hospitals and Clinics, Surgical Centres, and Others)
At 3.6% CAGR, the South America DVT Preventive Pump Market is speculated to be worth US$ 46.63 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South America DVT preventive pump market was valued at US$ 37.68 million in 2022 and is expected to reach US$ 46.63 million by 2028, registering a CAGR of 3.6% from 2022 to 2028. Rising cases of cardiac disorders and stroke and significant surge in geriatric population and rising prevalence of deep vein thrombosis are the critical factors attributed to the market expansion.
The healthcare industry is changing drastically with rapid technological developments and innovation, enhancing healthcare services and quality of care. The DVT preventive pump market is characterized by the presence of several small and large companies. Several companies are opting for various strategies, which further help in the expansion of market share. The companies are constantly involved in the manufacturing and development of DVT preventive pumps by upgrading the existing technology such as Devon Medical Product, DJO LLC, and others. The DVT preventive pumps are currently working on compression technology with cyclical change in the compression, which increases the blood flow and helps in the prevention of DVT. Further, the increasing incorporation of automation in medical devices has further created the demand for automatic and easy-to-use devices that can also be used in a home care setting, owing to an increase in home healthcare. There are various developments done in DVT preventive pumps such as standard pressure and compression settings, sleeve compatibility based on extremities and sweat absorption, and others. Thus, a surge in R&D activities and technological advancements to improve the performance of DVT preventive pumps are expected to boost the growth of the DVT preventive pumps market in the coming years. This is expected to drive the market during the forecast period.
On the contrary, lack of skilled professionals, side effects associated with pumps, and availability of alternatives hurdles the growth of South America DVT preventive pump market.
Based on type, the South America DVT preventive pump market is bifurcated into lower extremity and upper extremity. The lower extremity segment held 75.2% market share in 2022, amassing US$ 28.34 million. It is projected to garner US$ 35.68 million by 2028 to expand at 3.9% CAGR during 2022–2028.
Based on end user, the South America DVT preventive pump market is categorized into hospitals and clinics, surgical centres, and others. The hospitals and clinics segment held 41.2% market share in 2022, amassing US$ 15.51 million. It is projected to garner US$ 19.89 million by 2028 to expand at 4.2% CAGR during 2022–2028.
Based on country, the South America DVT preventive pump market has been categorized into the Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 62.0% market share in 2022. It was assessed at US$ 23.38 million in 2022 and is likely to hit US$ 29.40 million by 2028, exhibiting a CAGR of 3.9% during the forecast period.
Key players dominating the South America DVT preventive pump market are Devo Medical Products Inc.; Breg Inc.; Cardinal Health Inc.; Arjo AB; Mego Afek Ltd.; DJO LLC; Zimmer Biomet Holdings Inc.; and Medcaptain Medical Technologies Co Ltd among others.
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