Press release
Global Pneumatic Compression Therapy Market Comprehensive Study: Forecasted Market Size And Growth Rate | Medtronic plc, Tactile Systems Technology Inc., ArjoHuntleigh (Getinge AB), Mego Afek Ltd
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2598The Business Research Company offers in-depth market insights through Pneumatic Compression Therapy Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pneumatic compression therapy market size has grown strongly in recent years. It will grow from $3.15 billion in 2023 to $3.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to patient outcomes and testimonials, medical advancements, aging population, prevalence of chronic conditions, post-surgical care..
The pneumatic compression therapy market size is expected to see strong growth in the next few years. It will grow to $4.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to focus on patient-centric care, rising healthcare professional support, demand for non-invasive treatments, expanding sports medicine usage, post-surgical applications.. Major trends in the forecast period include personalized therapy solutions, home-based treatment, clinical evidence and research, management of chronic conditions, rehabilitation and sports medicine..
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Market Segmentation:
The pneumatic compression therapy market covered in this report is segmented -
1) By Product Type: Pneumatic Compression Sleeves, Segmented Pneumatic Compression Pumps, Programmable Pneumatic Compression Pumps, Non-Programmable Pneumatic Compression Pumps, Non-Segmented Pneumatic Compression Pumps
2) By Technique: Static Compression Therapy, Dynamic Compression Therapy
3) By Application: Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Other Applications
4) By End User: Hospitals And Clinics, Nursing Care Centers, Home Care Settings, Other End Users
Major Driver - Orthopedic Patient Surge Propels Growth In The Pneumatic Compression Therapy Market
The increasing number of orthopedic patients is expected to boost the growth of the pneumatic compression therapy market going forward. Orthopedics is a medical specialty that focuses on diagnosing, treating, and preventing skeletal abnormalities, which include issues with the bones, joints, muscles, ligaments, tendons, nerves, and skin. Pneumatic compression therapy helps orthopedic patients by preventing blood clots in the deep veins. For instance, in May 2022, according to a statistic published by Amgen, a US-based biotechnology company, states that every year, osteoporosis causes roughly 1.5 million fractures in the United States, resulting in $19 billion in associated costs. Furthermore, the annual number of fractures caused by osteoporosis is expected to rise by 68% from 2018 to 2040, from 1.9 million to 3.2 million. Therefore, the rising number of orthopedic patients is driving the growth of the pneumatic compression therapy market.
Competitive Landscape:
Major companies operating in the pneumatic compression therapy market report are Medtronic plc, Tactile Systems Technology Inc., ArjoHuntleigh (Getinge AB), Mego Afek Ltd., Medline Industries Inc., DJO Global Inc., Bio Compression Systems Inc., Talley Group Limited, Xiamen Senyang Co. Ltd., Devon Medical Inc., Eureduc, Bösl Medizintechnik, Thuasne SAS, ACI Medical LLC, Sanyleg Srl, Cardinal Health Inc., Gottfried Medical Inc., BSN Medical GmbH, Sigvaris Group, Medi GmbH & Co., Hartmann AG, 3M Company, BTL Industries Inc., Cura Healthcare Pvt. Ltd., Dabir Surfaces Inc., Dolsan Medical Equipment Industry, FlowAid Medical Technologies Corp., Huntleigh Healthcare Limited, Julius Zorn GmbH, Hyper Ice Inc. .
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Top Trend - Innovative Advancements In The Pneumatic Compression Therapy Market
Major companies operating in the pneumatic compression therapy market are developing innovative products such as compression sleeves to meet larger customer bases and increase revenue. Compression sleeves refer to specialized garments designed to apply pressure to a specific area of the body, typically the arms or legs. For instance, in June 2023, Recovery Systems, a Singapore-based provider of recovery solutions, launched the Atom calf air compression sleeve. A vital companion for swift recuperation and revitalized legs, this essential device is versatile, convenient for use at any time and place, and even suitable for combating leg puffiness during air travel. Its compact design, powerful functionality, and portability make it a must-have, facilitating enhanced blood circulation and alleviating inflammation in the lower legs.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pneumatic Compression Therapy Market Characteristics
3. Pneumatic Compression Therapy Market Trends And Strategies
4. Pneumatic Compression Therapy Market - Macro Economic Scenario
5. Pneumatic Compression Therapy Market Size And Growth
…..
27. Pneumatic Compression Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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