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 The home sequential compression devices market has experienced significant growth in recent years and is poised for continued expansion. Here’s an overview of the factors driving this growth and the major trends shaping the market.

Market Size and Growth

• 2023 to 2024: The market is projected to grow from $1.02 billion to $1.09 billion, with a CAGR of 7.3%.
• 2024 to 2028: The market is expected to reach $1.47 billion, growing at a CAGR of 7.7%.

Drivers of Historical Growth

Rise in Diabetes Incidence

• Diabetes Management: Home sequential compression devices help manage diabetes-related complications by improving circulation and reducing risks of ulcers and infections.
• Increasing Cases: According to the International Diabetes Federation, 537 million adults were living with diabetes in 2021, with numbers expected to rise to 643 million by 2030 and 783 million by 2045.

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Aging Population

• Increased Need for Care: As the population ages, there is a growing demand for medical devices that can be used at home to manage chronic conditions and aid in recovery.

Healthcare Costs and Home Healthcare Shift

• Cost Efficiency: Rising healthcare costs have led to a preference for home-based treatments that are more cost-effective and convenient.
• Post-Surgical Recovery: Sequential compression devices are increasingly used for recovery after surgery, reducing the need for extended hospital stays.

Forecasted Growth Drivers

Global Health Awareness and Government Initiatives

• Health Awareness: Increased awareness about health and wellness is driving demand for preventive and therapeutic devices.
• Policy Support: Government policies and initiatives aimed at promoting home healthcare contribute to market growth.

Distribution Channels and Non-Invasive Treatments

• Expanded Distribution: Improved distribution channels make these devices more accessible to a wider population.
• Patient Preference: There is a growing preference for non-invasive treatments, which sequential compression devices provide.

Key Trends in the Forecast Period

Technological Advancements

• Innovations: Companies are focusing on developing advanced products, such as sequential compression devices and compression garments, to enhance patient care.
• Recent Launches: For instance, AIROS Medical Inc. launched AIROS 6P and compression pants in 2023, targeting larger garments for lymphedema patients.

Adoption of Telemedicine and Personalized Healthcare

• Telemedicine: The growing adoption of telemedicine supports remote monitoring and treatment, which complements the use of home sequential compression devices.
• Smart Device Integration: Integration with smart devices allows for personalized healthcare solutions, making treatment more efficient and tailored to individual needs.

Major Companies in the Market

• Leading Players: Key companies include Cardinal Health Inc., Medtronic plc, Essity Health & Medical, DJO LLC, Arjo Medical Devices, and more.
• Strategic Partnerships: For example, InfuSystem Holdings partnered with Bio Compression Systems in 2021 to expand their therapy options.

Product Segmentation

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

Regional Insights

• North America: The largest region in the home sequential compression devices market in 2023, driven by high healthcare expenditure and advanced healthcare infrastructure.

Conclusion

The home sequential compression devices market is set for robust growth, fueled by rising diabetes rates, an aging population, and a shift towards home healthcare. Technological advancements and strategic partnerships will further enhance market expansion, offering improved and accessible patient care solutions.

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