Dublin, July 25, 2025 (GLOBE NEWSWIRE) -- The "Venous Thromboembolism Treatment Devices - Market Insights, Competitive Landscape, and Market Forecast - 2032" has been added to ResearchAndMarkets.com's offering.
The global venous thromboembolism (VTE) treatment devices market is poised for significant growth, driven by a projected CAGR of 8.31% from 2025 to 2032.
This upward trajectory is attributed to the increasing incidence of deep vein thrombosis (DVT) and pulmonary embolism (PE), fuelled by factors such as aging populations, sedentary lifestyles, and chronic illnesses. The rise in surgical procedures and hospitalizations, coupled with a higher prevalence of cancer, further escalates the demand for effective VTE treatment solutions. This surge in demand is met with continuous product development and innovation by key market players, enhancing the effectiveness and accessibility of VTE devices.
Market Dynamics: According to data from Thrombosis UK (2023), a significant percentage of VTE cases occur during or post-hospitalization. Similarly, the NSW Government Organization reported that approximately 14,000 Australians develop VTE annually. This underscores the urgent need for advanced VTE treatment devices. The adoption of devices like inferior vena cava (IVC) filters and catheter-directed thrombolysis technologies is rising, offering minimally invasive alternatives to traditional therapies. These devices provide targeted clot removal with reduced recovery times and complications, making them ideal for emergency and interventional settings.
Chronic disorders and conditions such as heart failure, kidney disease, and certain cancers increase VTE risk due to prolonged immobility and systemic inflammation. Innovations like the CLEANER Vac thrombectomy system by Argon Medical, introduced in 2024, exemplify how new products are advancing the market by providing precise, efficient clot removal.
Segment Analysis: The compression system segment is expected to garner substantial revenue, driven by its effectiveness in preventing DVT. Utilized in diverse settings, these systems enhance venous blood flow and reduce venous stasis. With advancements in technology, such as smart wearable compression devices, their market presence continues to expand. A notable development includes the U.S. FDA's 510(k) clearance for a new Chinese IPC device, emphasizing the innovation occurring within this sector.
Regional Insights: North America is set to dominate the VTE treatment devices market in 2024. Factors such as rising cancer rates, advanced product development, and well-established healthcare infrastructure bolster this region's leadership. The Centers for Disease Control and Prevention highlight a high recurrence of DVT and PE in the U.S., accentuating the demand for VTE treatments. In Canada, similar trends support the market growth, driven by a high incidence of cancer-related VTE.
Key Players: Leading companies shaping the VTE treatment landscape include Abbott, Boston Scientific, AngioDynamics, Argon Medical Devices, and Medtronic, among others. Recent developments, such as Surmodics Inc.'s FDA clearance for its Pounce XL thrombectomy system, demonstrate the ongoing innovations driving market progression.
Conclusion: The combination of an increasing incidence of thromboembolic events, advancing technologies, and continuous innovation by industry leaders will propel significant growth in the venous thromboembolism treatment devices market from 2025 to 2032. While challenges such as device-related risks and alternative treatments pose obstacles, the market is in a strong position to expand, driven by the urgent need for effective solutions to combat VTE globally.
Companies Featured
- Abbott
- Boston Scientific Corporation
- AngioDynamics
- Argon Medical Devices
- Penumbra, Inc.
- Thrombolex
- Imperative Care Inc.
- Koninklijke Philips N.V.
- Arjo
- Stryker
- Cook
- BIOCOMPRESSION SYSTEMS
- Medtronic
- DSMAREF CO., LTD.
- Teleflex Incorporated
- Surmodics Inc.
- ICE Aspiration System
- VentiV Scientific
- Inquis Medical
- Cardinal Health
For more information about this report visit https://www.researchandmarkets.com/r/fimkku
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
