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

Market Overview

The intermittent pneumatic compression (IPC) devices market has seen significant growth in recent years. The market size increased from $1.31 billion in 2023 to $1.44 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.0%. This growth can be attributed to several key factors:

• Improved understanding of diseases and conditions that benefit from IPC use.
• Increased awareness and diagnosis of conditions requiring IPC therapy.
• Changing healthcare policies that support the adoption of IPC devices.
• Collaborations in clinical trials that have validated IPC device efficacy.
• Supportive patient advocacy and physician education programs.

Looking ahead, the IPC devices market is projected to grow to $2.01 billion by 2028 at a CAGR of 8.6%. This growth will be driven by a larger patient pool, a greater focus on improving patient quality of life, expanded research collaborations, global health initiatives, and increased access to healthcare.

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Key Drivers of Market Growth

1. Rising Incidence of Spinal Cord Injuries
   • Increased Cases: The number of spinal cord injuries is rising, significantly contributing to the demand for IPC devices. Spinal cord injuries often lead to paralysis and sensory impairment, necessitating effective management strategies.
   • Role of IPC Devices: These devices are critical in spinal cord injury management to prevent deep vein thrombosis (DVT) by promoting blood circulation through sequential compression of the lower limbs.
   • Statistics: According to the National Spinal Cord Injury Statistical Center, approximately 18,000 new spinal cord injury cases are reported annually in the United States. The growing patient population drives the demand for IPC devices, boosting market growth.
2. Innovations in Wearable IPC Devices
   • Focus on Wearable Technology: Leading companies are developing wearable IPC devices to enhance mobility and patient compliance, thereby gaining a competitive edge.
   • Example of Innovation: In March 2022, Fist Assist Devices LLC launched the Fist Assist Model FA-1, a wearable IPC device designed to promote vein dilation before surgery. This device is the first of its kind for presurgical vein dilation, enhancing blood flow and reducing the risk of user error through automation.
3. Strategic Acquisitions in the Market
   • Expanding Product Portfolios: Companies are strengthening their market position through strategic acquisitions to enhance their product offerings.
   • Case in Point: Direct Healthcare Group Ltd. acquired Talley Group Ltd. in March 2021, expanding its portfolio of products for patients with reduced mobility. This acquisition is expected to enhance Direct Healthcare Group’s solutions for managing DVT and other conditions that benefit from IPC therapy.

Market Segmentation

1. By Type:
   • Deep Vein Thrombosis (DVT)
   • Pulmonary Embolism (PE)
2. By Distribution Channel:
   • Clinics
   • Pharmacies
   • Online Channels
   • Other Offline Channels
3. By Application:
   • Home Use
   • Hospital

Regional Insights

• North America: In 2023, North America was the largest market for IPC devices, driven by advanced healthcare infrastructure, a high prevalence of conditions requiring IPC therapy, and strong healthcare policies supporting innovation and device adoption.

Conclusion

The intermittent pneumatic compression (IPC) devices market is poised for continued growth due to rising incidences of spinal cord injuries, innovative wearable technologies, and strategic acquisitions. As the market expands, focusing on personalized medicine approaches and developing new therapies will be crucial to meeting patient needs and improving outcomes. With increasing awareness and access to healthcare, the IPC devices market will likely see sustained growth in the coming years.

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