The Asia Pacific DVT preventive pump market is expected to grow from US$ 79.61 million in 2022 to US$ 107.81 million by 2028; it is estimated to record a CAGR of 5.2% from 2022 to 2028.
Significant Surge in Geriatric Population and Prevalence of DVT Bolsters Market Growth
Deep vein thrombosis (DVT) occurs when a blood clot (thrombus) is formed in one or more veins, especially in the lower extremities. It can cause pain and swelling, and in some cases, it may lead to pulmonary embolism, a life-threatening condition. Cardiovascular and stroke patients are more prone to DVT, and the condition affects the overall blood flow of the body. Moreover, the geriatric population is highly susceptible to DVT as they perform restricted movements, along with other comorbidities such as diabetes and orthopedic disorders. According to the National Library of Medicine, the risk of venous thromboembolism (VTE) is higher among people with age 65 and above, and the risk is 4–6 times higher in patients with age 70 and above than that in younger patients; moreover, existing comorbidities result in high mortality rate among geriatric population. Healthcare facilities in economies such as Japan, China, India, and South Korea are undergoing considerable modernization and improvements. As a result, the life expectancy of people has increased in these countries, leading to a growth in their geriatric population base. Per the same report, underdeveloped and developing countries are expected to account for ~80% of this population. Thus, the rising prevalence of DVT and a surge in the geriatric population are the key factors driving the growth of the Asia Pacific DVT preventive pump market.
Asia Pacific DVT Preventive Pump Market Overview
The Asia Pacific DVT preventive pump market is segmented into China, Japan, India, South Korea, Australia, South Korea, and the Rest of Asia Pacific. The market growth in this region is attributed to the growing number of DVT cases and an increasing number of product launches.
Asia Pacific DVT preventive pump Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific DVT preventive pump Market Segmentation
The Asia Pacific DVT preventive pump market is segmented on the basis of service type, end user, and country. Based on type, the Asia Pacific DVT preventive pump market is bifurcated into lower extremity and upper extremity. The lower extremity testing segment held a larger market share in 2022.
Based on end user, the Asia Pacific DVT preventive pump market is segmented into hospitals and clinics, surgical centres, and others. The hospitals and clinics segment held the largest market share in 2022.
In terms of country, the Asia Pacific DVT preventive pump market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. China dominated the market in 2022.
The Asia Pacific DVT preventive pump market is 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 are among the leading companies operating in the Asia Pacific DVT preventive pump market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 79.61 Million |
| Market Size by 2028 | US$ 107.81 Million |
| CAGR (2022 - 2028) | 5.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
|
The Asia Pacific DVT Preventive Pump Market is valued at US$ 79.61 Million in 2022, it is projected to reach US$ 107.81 Million by 2028.
As per our report Asia Pacific DVT Preventive Pump Market, the market size is valued at US$ 79.61 Million in 2022, projecting it to reach US$ 107.81 Million by 2028. This translates to a CAGR of approximately 5.2% during the forecast period.
The Asia Pacific DVT Preventive Pump Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific DVT Preventive Pump Market report:
The Asia Pacific DVT Preventive Pump Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific DVT Preventive Pump Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific DVT Preventive Pump Market value chain can benefit from the information contained in a comprehensive market report.
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