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Venous Thromboembolism Treatment Market to Grow on the Back of Rising Patient Pool

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Published on : Sep 03, 2019

Some of the prominent players operating in the venous thromboembolism treatment market are Bristol-Myers Squibb Company, Pfizer, Inc., Johnson & Johnson, AbbVie Inc., Merck & Co., and Astellas Pharma Inc. These players are engaged in several organic and inorganic activities to gain a better foothold in the venous thromboembolism treatment market. 

Venous thromboembolism is a disorder that involves blood clot formulations in deep veins in the arms or legs.  Venous thromboembolism treatment devices are a pump that is inserted in the body to omit blood clotting. Venous thromboembolism treatment pumps are majorly used for the treatment of disease; they are either programmable or non-programmable. 

North America to Hold Maximum Share in the Venous Thromboembolism Market 

North America is projected to hold a majority of share in the venous thromboembolism treatment market. This is mainly due to presence of well-developed healthcare infrastructure and favourable governmental policies in the region. 

The market is expected to witness promising avenues in the coming few years, mainly due to rise in number of vena cava surgeries. Additionally, rising demands for venous thromboembolism treatment devices are anticipated to drive the venous thromboembolism market in the coming few years. 

Rising Preference for Cost Effective Treatment to Boost Prospects 

However, rising preference of patients for drug-based venous thromboembolism treatment is expected to hamper the growth of the venous thromboembolism treatment market to some extent.
Nonetheless, favourable reimbursement offered on the venous thromboembolism treatment pumps for users is further expected to boost the market in the coming few years. 

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Along with this, increasing demand for cost-effective treatment and growing retrieval rate of inferior vena cava filters are some other vital aspects expected to accelerate the growth of the venous thromboembolism treatment market.