The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The intermittent pneumatic compression (IPC) devices market has seen significant expansion in recent years. With a continued upward trajectory forecasted, this market is poised for robust growth driven by advancements in medical understanding, increasing patient awareness, and strategic industry initiatives.

Recent Market Growth

Growth Statistics:

• Market size increased from $1.31 billion in 2023 to $1.44 billion in 2024.
• Compound annual growth rate (CAGR) of 10.0%.

Key Growth Drivers:

• Improved Disease Understanding: Enhanced knowledge about conditions treatable with IPC devices.
• Increased Awareness and Diagnosis: Greater public and professional awareness leading to higher diagnosis rates.
• Changing Healthcare Policies: Supportive policies facilitating better access and utilization.
• Clinical Trial Collaborations: Partnerships in research and clinical trials.
• Patient Advocacy: Stronger advocacy for patient needs and better treatment options.
• Physician Education Programs: Initiatives to educate healthcare providers on IPC benefits and usage.

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Future Market Projections

Projected Market Size:

• Expected to grow to $2.01 billion by 2028.
• CAGR of 8.6%.

Factors Driving Future Growth:

• Growing Patient Pool: Increase in patients needing IPC devices.
• Focus on Patient Quality of Life: Enhancing patient outcomes and comfort.
• Expanding Research Collaborations: More partnerships to drive innovation.
• Global Health Initiatives: Efforts to improve healthcare access globally.
• Increased Healthcare Access: Better availability of medical facilities and devices.

Emerging Trends:

• Targeted Therapies: Development of therapies specific to patient needs.
• Oral and Injectable Medications: Introduction of complementary treatments.
• Immune Modulation Strategies: Investigating new ways to manage conditions.
• Disease-Modifying Agents: Focus on treatments that alter disease progression.
• Personalized Medicine: Customizing treatments to individual patient profiles.

Impact of Spinal Cord Injuries

Growing Incidence:

• Approximately 18,000 new cases of spinal cord injuries reported annually in the U.S.
• Incidence rate of 54 cases per 1 million people.

Market Impact:

• Deep Vein Thrombosis (DVT) Prevention: IPC devices help prevent DVT in spinal cord injury patients by promoting blood circulation through sequential compression of the lower limbs.

Major Market Players

Leading Companies:

• 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

Innovations in Wearable Devices

Wearable IPC Devices:

• Fist Assist Model FA-1: Launched by Fist Assist Devices LLC in March 2022.
• Features: Wearable, automated, promotes vein dilation, and easy to use.
• Advantages: Reduces user error and improves blood flow and vein dilation.

Strategic Acquisitions

Notable Acquisition:

• Direct Healthcare Group Ltd. acquires Talley Group Ltd.: In March 2021, Direct Healthcare Group Ltd. acquired Talley Group Ltd. to expand its product range and enhance care for patients with reduced mobility. Talley Group Ltd. specializes in IPC systems for DVT prophylaxis.

Market Segmentation

By Type:

• Deep Vein Thrombosis (DVT)
• Pulmonary Embolism (PE)

By Distribution Channel:

• Clinics
• Pharmacies
• Online Channels
• Other Offline Channels

By Application:

• Home Use
• Hospital

Regional Insights

Market Leader:

• North America: The largest region in the IPC devices market in 2023.

The IPC devices market is positioned for substantial growth, driven by technological advancements, increased patient awareness, and strategic collaborations. With innovations in wearable technology and personalized medicine approaches, the future of IPC devices promises improved patient outcomes and expanded market opportunities.

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