Overview and Scope
Home sequential compression devices are medical devices used at home to offer therapeutic compression to the limbs. These devices use pneumatic technology to provide intermittent pressure to improve circulation and treat problems including lymphedema and venous insufficiency.
Sizing and Forecast
The home sequential compression devices market size has grown strongly in recent years. It will grow from $1.02 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rise in the incidence rates of diabetes, growth in the aging population, rise in healthcare costs, post-surgical recovery, shift towards home healthcare.
The home sequential compression devices market size is expected to see strong growth in the next few years. It will grow to $1.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to the rising global health awareness, government initiatives and policies, expansion of distribution channels, patient preference for non-invasive treatments, aging population. Major trends in the forecast period include technological advancements, growing adoption of telemedicine, personalized healthcare solutions, remote work trends, smart device integration.
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Segmentation & Regional Insights
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
North America was the largest region in the home sequential compression devices market in 2023. 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.
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Major Driver Impacting Market Growth
The rising incidence rates of diabetes are expected to propel the growth of the home sequential compression device market going forward. Diabetes is a chronic metabolic condition characterized by high blood sugar levels due to inadequate insulin synthesis or poor insulin use. The rates of diabetes have increased due to several factors, including unhealthy diets, modern sedentary lifestyles, an aging population, stress, and mental health. Home sequential compression devices can helps in the management of diabetes-related complications by improving circulation, reducing the risk of ulcers and infections, and enhancing overall limb health. These offer the convenience of regular use without the need for frequent visits to healthcare facilities. For instance, in July 2021, according to the International Diabetes Federation, a Belgium-based organization, 537 million individuals aged 20 to 79 were living with diabetes (1 in 10), and this figure is predicted to grow to over 643 million by 2030 and 783 million by 2045. Therefore, the rising incidence rates of diabetes are driving the growth of the home sequential compression device market.
Key Industry Players
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
The home sequential compression devices market report table of contents includes:
- Executive Summary
- Home Sequential Compression Devices Market Characteristics
- Home Sequential Compression Devices Market Trends And Strategies
- Home Sequential Compression Devices Market – Macro Economic Scenario
- Global Home Sequential Compression Devices Market Size and Growth
- Home Sequential Compression Devices Market Segmentation
- Home Sequential Compression Devices Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Home Sequential Compression Devices Market
- Home Sequential Compression Devices Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Home Sequential Compression Devices Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Home Sequential Compression Devices Market, Segmentation By Device Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Home Sequential Compression Devices Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Cardinal Health Inc. Financial Performance
Table 75: Medtronic plc Financial Performance
Table 76: Essity Health & Medical Financial Performance
Table 77: DJO LLC Financial Performance
Table 78: Arjo Medical Devices Financial Performance
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