Healthcare

Pneumatic Compression Therapy Market Competitive Landscape 2024-2033 – Major Players and Strategies

Overview and Scope

Pneumatic compression therapy refers to the treatment that involves devices comprised of an inflated arm or leg garment that is filled with compressed air by an electrical pneumatic pump. The therapy employs regulated pressure to promote blood flow in the legs and to the heart.

Sizing and 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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Segmentation & Regional Insights

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

North America was the largest region in the pneumatic compression therapy market in 2023. The regions covered in the pneumatic compression therapy 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 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.

Key Industry Players

Major companies operating in the pneumatic compression therapy market are developing innovative products, such as customizable compression boots, to meet customer demand. Customizable compression boots are adjustable therapeutic devices designed to deliver dynamic pressure to specific areas of the limbs, offering personalized compression therapy for improved circulation and recovery. For instance, in February 2022, Therabody, a US-based wellness technology company, launched RecoveryAir pneumatic compression boots. Engineered to enhance recovery, these compression boots utilize cyclical compression, expediting blood flow to alleviate sore muscles. The Prime recovery boots, representing the most affordable and straightforward option in the lineup, feature basic pneumatic compression driven by Therabody’s established recovery technologies. Equipped with an external pump and user-friendly controls, the Prime allows customization with four-time intervals (20min, 40min, 60min, or continuous) and adjustable pressure ranging from 20-100mmHg. Operating on a consistent 60-second cycle of inflation and deflation, these boots provide a seamless and effective recovery experience.

The pneumatic compression therapy market report table of contents includes:

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. Global Pneumatic Compression Therapy Market Size and Growth

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31. Global Pneumatic Compression Therapy Market Competitive Benchmarking

32. Global Pneumatic Compression Therapy Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Pneumatic Compression Therapy Market

34. Pneumatic Compression Therapy Market Future Outlook and Potential Analysis

35. Appendix