Healthcare Services

What Will The Pneumatic Compression Therapy Market Look Like In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pneumatic compression therapy market report forecasts the pneumatic compression therapy market size to grow to $4.01 Billion by 2027, with a CAGR (compound annual growth rate) of 6%.

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Pneumatic Compression Therapy Market Size Forecast
The global pneumatic compression therapy market is expected to grow from $2.96 billion in 2022 to $3.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pneumatic compression therapy market size is expected to grow to $4.01 billion in 2027 at a CAGR of 6%.

North America held the largest pneumatic compression therapy market share.

Key Pneumatic Compression Therapy Market Driver ­– Increase In Number Of Orthopedic Patients
For example, according to a report published in May 2022 by Amgen, a US-based biopharmaceutical company, osteoporosis causes around 1.5 million fractures in the United States each year, costing $19 billion in associated expenditures. Furthermore, from 2018 to 2040, the annual number of fractures caused by osteoporosis is anticipated to increase by 68%, from 1.9 million to 3.2 million. As a result, the growing number of orthopaedic patients is propelling the pneumatic compression therapy market forward.

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Key Pneumatic Compression Therapy Market Trend – Product Innovation
To increase their market position, major businesses in the pneumatic compression therapy market are focusing on producing innovative products. For example, AIROS Medical, Inc., a US-based medical equipment company, will debut the AIROS 6 Sequential Compression Therapy device and Arm Plus garments in May 2020 to treat breast cancer and lymphedema patients. Lymphedema and other venous diseases patients can benefit from an efficient, simple-to-use, and successful at-home treatment with the AIROS 6 sequential compression device. It has six chambers that inflate and deflate to help with lymph fluid transport and edoema reduction.

Pneumatic Compression Therapy Market Segment
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

Pneumatic Compression Therapy Market Major Players and Strategies
Major players in the pneumatic compression therapy market are Medtronic, Tactile Systems Technology Inc, ArjoHuntleigh (Getinge AB), Mego Afek ltd, Medline Industries Inc, DJO Global Inc., Bio Compression Systems Inc., Talley Group Limited, Xiamen Senyang Co.Ltd., Devon Medical Products, Eureduc, Bösl Medizintechnik, THUASNE, ACI Medical LLC, Sanyleg Srl a socio unico, Cardinal Health, Gottfried Medical Inc, BSN Medical, Sigvaris Group, and Deutschland.

DJO Global, Inc., a US-based medical device firm that manufactures orthopaedic solutions for rehabilitation, pain management, and physical therapy, bought MedShape, Inc in April 2021 for an unknown sum. The acquisition allows DJO Global Inc to expand its foot and ankle business while diversifying its outstanding shape memory technology offering. MedShape, Inc. is a firm established in the United States that develops and produces soft tissue fixation and fracture treatment products.

The Pneumatic Compression Therapy Global Market Report 2023 covers regional data on pneumatic compression therapy market size, pneumatic compression therapy market trends and drivers, opportunities, strategies, and pneumatic compression therapy market competitor analysis. The countries covered in the pneumatic compression therapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Pneumatic compression therapy is a treatment that involves the use of equipment that consist of an inflated arm or leg garment that is filled with compressed air by an electrical pneumatic pump. The therapy uses controlled pressure to increase blood flow in the legs and to the heart.

View More Reports Related To The Pneumatic Compression Therapy Market –
Compression Therapy Global Market Report 2023
Compression Wear And Shapewear Global Market Report 2023
Orthopedic Power Tools Global Market Report 2023 

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