Deep Vein Thrombosis Market Report and Forecast 2024-2032

Deep Vein Thrombosis Market Size

The deep vein thrombosis market was valued at USD 885.63 million in 2023, driven by the increasing cases of deep vein thrombosis and advancements in treatment options across the 8 major markets. The market is expected to grow at a CAGR of 6.45% during the forecast period of 2024-2032, with the values likely to reach USD 1271.93 million by 2032.

Deep Vein Thrombosis Market Outlook

• The high incidence of deep vein thrombosis and the growing elderly population more prone to developing the condition is expected to drive the demand for deep vein thrombosis treatment and diagnostic services.

• The rising advancements in pharmacological and non-pharmacological treatment options to manage deep vein thrombosis are poised to elevate the market value.

• The increasing availability of generic drugs and the growing demand for minimally invasive procedures are key trends set to shape the market dynamics.

Deep Vein Thrombosis Market Overview

In deep vein thrombosis (DVT), a blood clot is formed within the deep veins, usually occurring in the leg but can also form in the mesenteric and cerebral veins and the arms. This disease, accounting for the majority of pulmonary embolism, is considered the third most common cause of mortality from a cardiovascular condition. In the United States, the incidence and risk of complications associated with deep vein thrombosis are found to be higher in white people and African Americans compared to Asians and Hispanics. Additionally, older adults over the age of 40 years are more susceptible to developing the condition.

The deep vein thrombosis market is driven by the rising advancements in pharmacological and non-pharmacological treatment options, including the development of novel anticoagulants, mechanical thrombectomy devices, and compression therapies. Innovations in diagnostic technologies, such as Doppler ultrasound and D-dimer tests, also support market expansion by facilitating early diagnosis of the disease. Intensive research activities and clinical trials aimed at developing new therapeutic approaches to manage deep vein thrombosis are further expected to bolster the market share in the forecast period.

Deep Vein Thrombosis Market Growth Drivers

Growing Burden of Deep Vein Thrombosis is Expected to Drive Market Growth

Recent data suggests that 80 new cases of deep vein thrombosis per 100,000 population are estimated to occur every year. Around 1 in 20 individuals develop the condition during the course of their lifetime. In the United States, approximately 600,000 hospitalizations occur due to this disease annually. The high incidence of deep vein thrombosis is poised to amplify the market demand for effective therapies. Moreover, it is reported that the incidence of venous thrombosis in elderly people increases by four-fold. Thus, the growing aging population is projected to be a major growth driver of the market.

Rising Introduction of Generic Drugs to Meet Deep Vein Thrombosis Market Demand

The rising introduction of generic drugs in the market is making deep vein thrombosis treatments more affordable and accessible. For instance, in June 2024, Indian multinational pharmaceutical company Alembic Pharmaceuticals received the U.S. Food and Drug Administration (FDA) clearance for its Abbreviated New Drug Application (ANDA) for Dabigatran Etexilate Capsules, 75 mg and 150 mg as well as a Tentative approval for Dabigatran Etexilate Capsules, 110 mg. Dabigatran Etexilate Capsules are therapeutically equivalent to Boehringer Ingelheim Pharmaceuticals' Pradaxa Capsules and are indicated for treatment and reduction in the risk of recurrence of deep venous thrombosis in adult patients.

Additionally, in January 2024, India-based generic drug manufacturer Lupin Limited was granted Tentative approval for its Rivaroxaban Tablets (the generic equivalent of Xarelto® Tablets developed by Johnson & Johnson Innovative Medicine), which can help in the treatment of deep vein thrombosis. The rising entry of generic drugs is anticipated to aid market growth along with improving treatment adherence and outcomes.

Deep Vein Thrombosis Market Trends

The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:

Deep Vein Thrombosis Market Segmentation

Market Breakup by Drug Class

• Anticoagulants

• Blood Thinners

• Others

Market Breakup by Route of Administration

• Oral

• Parenteral

• Others

Market Breakup by Distribution Channel

• Hospital Pharmacies

• Retail Pharmacies

• Online Pharmacies

Market Breakup by Region

• United States

• EU-4 and the United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom

• Japan

• India

Deep Vein Thrombosis Market Share

Market Segmentation Based on Drug Class is Anticipated to Witness Substantial Growth

Based on the drug class, the market is segmented into anticoagulants, blood thinners, and others. The anticoagulant segment represents a substantial share of the market and includes medications that prevent blood clot formation by inhibiting various factors in the blood coagulation process. Anticoagulants can be taken either via oral (warfarin, rivaroxaban, and apixaban) or by injectable route (enoxaparin and fondaparinux). The availability of strong clinical evidence in favor of the efficacy of anticoagulants in the prevention and treatment of deep vein thrombosis makes them the preferred choice among patients.

Deep Vein Thrombosis Market Analysis by Region

Based on the region, the market report includes the United States, EU-4 (Germany, France, Italy, Spain), and the United Kingdom, Japan, and India. The United States dominates the market share due to the rising burden of deep vein thrombosis, which can be attributed to the growing prevalence of risk factors such as sedentary lifestyle and obesity. High healthcare expenditure and the presence of advanced diagnostic and treatment technologies are some of the factors poised to bolster market growth in the region. With the rising improvements in healthcare systems, emerging markets such as India are anticipated to witness exponential market growth supported by increasing investments in healthcare infrastructure and services and the growing awareness of deep vein thrombosis.

Leading Players in the Deep Vein Thrombosis Market

The key features of the market report comprise patent analysis, clinical trial analysis, and strategic initiatives by the leading key players. The major companies in the market are as follows:

Aspen Pharmacare Holdings Ltd

Global speciality and branded pharmaceutical company Aspen Pharmacare Holdings Ltd is headquartered in South Africa and plays a prominent role in the market. The company specializes in preventing and treating thrombotic diseases such as deep vein thrombosis through its anticoagulant thrombosis products.

Novartis AG

Swiss company Novartis AG is considered one of the world's largest manufacturers of pharmaceuticals. It offers anticoagulants such as enoxaparin and other cardiovascular medicines that help in managing deep vein thrombosis.

Mylan N.V.

Mylan N.V., now a part of Viatris Inc. after merging with a division of Pfizer (Upjohn), boasts a robust portfolio of generic and specialty pharmaceuticals. Mylan is known to actively engage in strategic partnerships to expand its product offerings and plays a significant role in the deep vein thrombosis market growth.

Momenta Pharmaceuticals, Inc.

Biopharmaceutical company Momenta Pharmaceuticals, Inc. is headquartered in Massachusetts, United States, and is one of the key players in the market. It is known for its expertise in manufacturing complex generics including anticoagulants for treating deep vein thrombosis.

Other key players in the market include Hikma Pharmaceuticals PLC, G.L. Pharma GmbH, Cobapharma S.L.U, Boehringer Ingelheim GmbH, Glenmark Pharmaceuticals Inc., Bristol-Myers Squibb Company, Daiichi Sankyo Company, Limited, Johnson & Johnson Services, Inc., and Bayer AG among others.

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

Key Questions Answered in the Deep Vein Thrombosis Market Report

• What was the deep vein thrombosis market value in 2023?
• What is the deep vein thrombosis market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on drug class?
• What is the market breakup based on the route of administration?
• What are the major distribution channels in the market?
• What are the major factors aiding the deep vein thrombosis market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• How do the prevalence and incidence of deep vein thrombosis diseases affect the market landscape?
• What are the major deep vein thrombosis market trends?
• How does the advancement in treatment options impact the market size?
• Which drug class will dominate the market share? 
• Which route of administration is expected to have a high market value in the coming years?
• Which distribution channel is projected to contribute to the highest market growth?
• Who are the key players involved in the deep vein thrombosis market?
• What is the patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?