The Pneumatic Compression Therapy by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pneumatic Compression Therapy, 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..
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.
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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 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 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
6. Pneumatic Compression Therapy Market Segmentation
7. Pneumatic Compression Therapy Market Regional And Country Analysis
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27. Pneumatic Compression Therapy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pneumatic Compression Therapy Market
29. Pneumatic Compression Therapy Market Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Medtronic PLC
- Tactile Systems Technology Inc.
- ArjoHuntleigh (Getinge AB)
- Mego Afek Ltd.
- Medline Industries Inc.
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