Press release
Global Home Sequential Compression Devices Market to Reach $1.58 Billion by 2029, Growing at 7.6% CAGR
Home Sequential Compression Devices Market Outlook
The home sequential compression devices market will grow from $1.09 billion in 2024 to $1.18 billion in 2025, reflecting a CAGR of 8.0%. Growth drivers include the rise in diabetes incidence, aging population, rising healthcare costs, post-surgical recovery needs, and a shift toward home healthcare.
The Home Sequential Compression Devices market will grow to $1.58 billion by 2029 at a CAGR of 7.6%. Growth drivers include global health awareness, government initiatives, and a preference for non-invasive treatments. Trends include technological advancements, telemedicine adoption, and smart device integration.
What Factors Are Fueling Growth in the Home Sequential Compression Devices Market?
The increasing prevalence of diabetes is expected to drive the growth of the home sequential compression device market in the future. Diabetes is a chronic metabolic disorder marked by elevated blood sugar levels due to insufficient insulin production or poor insulin utilization. The incidence of diabetes has risen due to factors such as unhealthy diets, sedentary lifestyles, an aging population, stress, and mental health issues. Home sequential compression devices help manage diabetes-related complications by improving circulation, reducing the risk of ulcers and infections, and promoting overall limb health. These devices provide the convenience of regular use at home, eliminating the need for frequent visits to healthcare facilities. For instance, in July 2024, the World Health Organization (WHO), a leading global public health authority based in Switzerland, projected that by 2045, 1 in 10 Europeans could be affected by diabetes. As a result, the rising rates of diabetes are driving the expansion of the home sequential compression device market.
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Which Leading Companies Are Shaping the Growth of the Home Sequential Compression Devices Market?
Major companies operating in the home sequential compression devices market are Cardinal Health Inc., Medtronic plc, Essity Health & Medical, DJO LLC, Arjo Medical Devices, BTL Corporate, Tactile Medical, Amoena Medical, Performance Health Supply Inc., Sigvaris Group, Huntleigh Healthcare Limited, Breg Inc., NormaTec, Abigo Medical AB, Medcom Group, BIOCOMPRESSION SYSTEMS, Precision Medical Products, Devon Medical Inc., AIROS Medical Inc., Mego Afek ltd., Remark Medical Services
What Are the Major Trends Shaping the Home Sequential Compression Devices Market?
In the home sequential compression devices market, companies are developing advanced products like sequential compression devices and compression garments to gain a competitive edge. Sequential compression devices (SCD) are used to prevent deep vein thrombosis (DVT) by improving blood flow in the legs, while compression garments are designed for patients with lymphedema. For example, in September 2023, AIROS Medical Inc., a US-based medical equipment company, launched the AIROS 6P sequential compression device and compression pants. This device operates on a global voltage range (100-240 VAC) and is used to treat lymphedema patients with garments that target swelling in the legs and abdomen.
What Are the Key Segments of the Home Sequential Compression Devices Market?
The home sequential compression devices market covered in this report is segmented -
1) By Type: Standard, Portable
2) By Device Type: Simultaneous Sequential Compression Device (SSCD), Alternate Sequential Compression Device (ASCD)
3) By Application: Deep Vein Thrombosis (DVT), Lymphedema Management, Chronic Venous Insufficiency (CVI), Other Applications
Subsegments:
1) By Standard: Non-Portable Models, Tabletop Models, Clinical-Grade Devices
2) By Portable: Battery-Operated Models, Wearable Models, Rechargeable Portable Devices
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Which Region Dominates the Home Sequential Compression Devices Market?
North America was the largest region in the home sequential compression devices market in 2024. The regions covered in the home sequential compression devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Home Sequential Compression Devices Global Market Report?
- Market Size Analysis: Analyze the Home Sequential Compression Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Home Sequential Compression Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Home Sequential Compression Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Home Sequential Compression Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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