The international pneumatic compression therapy market is expected to record a CAGR of 6.6%, and is slated to reach a market value of above US$ 670 million by the end of 2025.
The robust development of the overall therapy market is influenced by the accessibility of substitute therapies, advancement in technology, improved lifestyle, improved reimbursement provisions, increasing occurrences of varicose vein disease and increase in home care devices.
The overall market of the pneumatic compression therapy is segmented into product type, distribution channels and by region.
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Forecast by Product Type:
Based on product type, the market is sub-segmented into
Segmented pneumatic compression pumps
Non-segmented pneumatic compression pumps
Non-programmable pneumatic compression pumps
Pneumatic compression sleeves.
Programmable pneumatic compression pumps
The pneumatic compression sleeve sector is anticipated to remain lucrative with a desirability index of 1.8 amongst other product type sector. The segment is likely to record a remarkable CAGR of 7.3% during the forecast period. Alternatively, the segmented pneumatic compression pumps sector is likely to remain unprofitable segment with a minimum market desirability index of 0.9 in the overall market.
Forecast by Distribution Channel:
In terms of the distribution channel, the market is sub-segmented into E-commerce, clinics and hospitals. Among other distribution channels, hospitals are likely to be the maximum productive sector with a market desirability index of 1.4. Clinics are predicted to remain the second most lucrative distribution channel with a desirability index of 1.0.
The online distribution channel is also increasingly becoming popular and lucrative owing to offering convenient shopping as it offers products at a cheaper price which is considerably less than the physical stores. Moreover, the physical stores have a restricted selection of products due to space constraints.
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Forecast by Region:
The growth potential of pneumatic compression therapy market in different regions includes Latin America, North America, Asia Pacific, Europe and the Middle East and Africa. North America is projected to grow at a remarkable CAGR of 6.7% as well as a market desirability index of 3.4. Whereas, Europe is likely to remain the second leading region along with a market desirability index of 0.9 in the worldwide market.
The prominent companies in the therapy market include,
Bösl Medizintechnik.
Devon Medical Products
Medtronic
XIAMEN SENYANG CO. LTD
Bio Compression Systems, Inc.
DJO Global, Inc.
Tactile Medical
Mego Afek Ltd.
ArjoHuntleigh
Medline Industries, Inc.
Talley Group Limited
EUREDUC
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