Intermittent Pneumatic Compression (IPC) Devices Market Report 2024: Size, Share, Growth, Trends, Forecast to 2033

The Business Research Company recently released a comprehensive report on the Global intermittent pneumatic compression (ipc) devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The intermittent pneumatic compression (ipc) devices market size has grown rapidly in recent years. It will grow from $1.31 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to improved disease understanding, increased awareness and diagnosis, changing healthcare policies, collaborations in clinical trials, supportive patient advocacy, physician education programs..

The intermittent pneumatic compression (ipc) devices market size is expected to see strong growth in the next few years. It will grow to $2.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to growing patient pool, increased focus on patient quality of life, expanding research collaborations, global health initiatives, increasing healthcare access.. Major trends in the forecast period include emergence of targeted therapies, development of oral and injectable medications, investigation of immune modulation strategies, introduction of disease-modifying agents, focus on personalized medicine approaches..

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Market Drivers and Trends:
The growing number of patients with spinal cord injuries is expected to propel the growth of the intermittent pneumatic compression (IPC) devices market going forward. A spinal cord injury is a damage to the spinal cord that results in loss of function, typically causing varying degrees of paralysis and sensory impairment below the level of the injury. Intermittent pneumatic compression (IPC) devices are employed in spinal cord injury management to prevent deep vein thrombosis (DVT) by promoting blood circulation through sequential compression of the lower limbs. For instance, in 2023, according to the National Spinal Cord Injury Statistical Center, a US-based government organization, roughly 18,000 new cases of spinal cord injuries are reported annually in the United States. The annual incidence rate of spinal cord injuries is approximately 54 cases per 1 million people. Therefore, the growing number of patients with spinal cord injuries is driving the growth of the intermittent pneumatic compression (IPC) devices market.

Major companies operating in the intermittent pneumatic compression (IPC) devices market are increasing their focus on developing innovative devices, such as wearable devices, to gain a competitive edge in the market. Wearable intermittent pneumatic compression devices improve circulation and prevent deep vein thrombosis (DVT) in individuals, especially during prolonged periods of immobility. For instance, in March 2022, Fist Assist Devices LLC, a US-based medical device company, launched Fist Assist Model FA-1, a wearable, patent-protected, intermittent pneumatic compression device worn on the arm to promote vein dilation. It is the world's first wearable device for presurgical vein dilation that promotes arteriovenous fistula (AVF). The device is automated, which means that it can be used without the need for manual adjustments. It makes it easy to use and reduces the risk of user error. It promotes vein dilation by applying pressure to the arm cyclically, which helps improve blood flow and vein dilation.

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Major Key Players of the Market:
Cardinal Health Inc., 3M Company, Medtronic PLC, Stryker Corporation, Tyco International PLC, Medline Industries LP, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Smith & Nephew PLC, Getinge AB, Enovis Corporation, Arjo AB, Tactile Systems Technology Inc., ThermoTek Inc., Encompass Group LLC, Hyperice Inc., Breg Inc., Currie Medical Specialties Inc., ManaMed Inc., Bio Compression Systems Inc., Direct Healthcare Group Ltd., Devon Medical Inc., Mego Afek A.C. Ltd., BSN medical GmbH, Compression Therapy UK Limited, Air Relax Inc., Innova Medical Group Inc.

intermittent pneumatic compression (ipc) devices Market 2024 Key Insights:
• The intermittent pneumatic compression (ipc) devices market is expected to grow to$2.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Rising Incidence Of Spinal Cord Injuries Fuels Expansion Of The Intermittent Pneumatic Compression (IPC) Devices Market
• Increasing Focus On Developing Wearable Devices To Gain A Competitive Advantage
• North America was the largest region in the intermittent pneumatic compression (IPC) devices market in 2023.

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