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Forecasting Market Dynamics: Cerebral Vein Thrombosis Treatment from 2023 to 2033

Author : Sanket Badgujar | Published On : 05 Apr 2024

During the forecast period 2023 to 2033, the global cerebral vein thrombosis treatment market garnered a market value of US$ 191.53 million in 2023 is expected to grow at a value of 12.3% CAGR, according to Future Market Insights. By the year 2033, the global market for Cerebral vein thrombosis treatment is expected to rise up to a market valuation of US$ 611 million. Growth of the market can be attributed to advances in medical technologies, increasing prevalence of CVT, and rising healthcare expenditure.

The increasing prevalence of CVT, especially among younger individuals, is a significant driver of this growth. According to the National Institute of Neurological Disorders and Stroke (NINDS), CVT affects between 3 and 4 individuals per million each year, with higher incidence rates reported in women and individuals under the age of 50.

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Another key factor driving the growth of the CVT treatment market is the availability of advanced medical technologies. Technological advancements in medical devices and procedures, such as catheter-based therapies and imaging techniques, have improved the accuracy and efficacy of CVT treatment. For instance, endovascular therapy, which involves the use of catheter-based techniques to remove blood clots from the cerebral veins, has shown promising results in the treatment of CVT.

Furthermore, the increasing investment in research and development activities by key players in the market is creating new opportunities for growth. Companies such as Boston Scientific Corporation, AngioDynamics, and Cardinal Health are actively involved in the development of innovative treatment options for CVT, such as thrombectomy devices and drug therapies.

Key Takeaways from the Market Study:

  • The global Cerebral vein thrombosis treatment market is expected to grow with a 12.3% CAGR during 2023 to 2033.
  • By end use, hospitals and clinics are expected to hold 46% of the market share in 2023 for Cerebral vein thrombosis treatment market.
  • North America is expected to possess 44% market share for Cerebral vein thrombosis treatment market in 2023.
  • Europe Cerebral vein thrombosis treatment market size is expected to possess 41% market share in 2023.

“Availability of effective and safe drug therapies is expected to drive the growth of the CVT treatment market in the upcoming years.” states an FMI analyst

Competitive Landscape:

Key players in the cerebral vein thrombosis treatment market are Boston Scientific Corporation, AngioDynamics, Cardinal Health, Daesung Maref, Johnson & Johnson Services, Inc., Neuland Laboratories Ltd, Glenmark Pharmaceuticals Inc., Momenta Pharmaceuticals, Mitsubishi Tanabe Pharma Corporation and Portola Pharmaceuticals, Inc.

  • Boston Scientific Corporation is involved in clinical research related to CVT. The company has conducted clinical trials to evaluate the safety and efficacy of its Vici Venous Stent System in the treatment of deep vein obstruction.
  • AngioDynamics' key product for CVT treatment is BioFlo PICC, which is a peripherally inserted central catheter (PICC) that is coated with a proprietary Endexo technology. This coating has been shown to reduce the risk of catheter-related thrombosis, which can be a complication of CVT.

Key Segments Profiled in the Cerebral Vein Thrombosis Treatment Industry Survey:

Treatment:

  • Thrombolytic Therapy
  • Anticonvulsant Therapy

Drug Class:

  • Thalidomide
  • Tamoxifen
  • Phytoestrogens
  • L-asparaginase

End Use:

  • Hospitals & Clinics
  • Laboratories

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa