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Pneumatic Compression Therapy - Global Market Trajectory & Analytics

  • ID: 5030762
  • Report
  • March 2022
  • Region: Global
  • 281 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Arjo Inc.
  • Bösl Medizintechnik GmbH
  • Cardinal Health, Inc.
  • Devon Medical Devices
  • DJO Global, Inc.
  • EUREDUC

Global Pneumatic Compression Therapy Market to Reach US$668.5 Million by the Year 2026


Compression therapy includes wearing of stockings or other elastic garments for supporting or containing veins, for ultimately increasing circulation of blood in the legs. The therapy is used for treating discomfort in the leg and swelling. It improves circulation and restores normal function in the leg. Pneumatic compression therapy is especially used for managing DVT or Deep Vein Thrombosis. Target population for PCT also includes those suffering from vascular and lifestyle related diseases like diabetes, obesity and varicose veins among others. The growing demand for better treatment options for treating DVT and other diseases on similar lines has been aiding market growth for long. Increasing prevalence of leg ulcers, lymphedema, blood clots and varicose veins also promotes market growth. Growing number of accidents and sports related injuries also contributes to market growth. Rise in the number of orthopedic surgeries also promotes market growth. Another growth driving factor is the rising geriatric population worldwide. Patients in this group are at high risk of orthopedic conditions, increasing orthopedic procedures. Over the coming years, hip and knee replacement surgeries are anticipated to witness significant increase, exemplifying demand for compression therapy.

Amid the COVID-19 crisis, the global market for Pneumatic Compression Therapy estimated at US$564.3 Million in the year 2022, is projected to reach a revised size of US$668.5 Million by 2026, growing at a CAGR of 4.5% over the analysis period. Pneumatic Compression Sleeves, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach US$367.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Segmented Pneumatic Compression Pumps segment is readjusted to a revised 4.2% CAGR for the next 7-year period. This segment currently accounts for a 29.6% share of the global Pneumatic Compression Therapy market.



The U.S. Market is Estimated at $187.6 Million in 2022, While China is Forecast to Reach $96.6 Million by 2026


The Pneumatic Compression Therapy market in the U.S. is estimated at US$187.6 Million in the year 2022. The country currently accounts for a 33.4% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$96.6 Million in the year 2026 trailing a CAGR of 7.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$102.3 Million by the end of the analysis period. North America (including USA and China) constitutes the largest market for compression therapy products attributed mainly to growing number of spinal and orthopedic surgeries and increasing number of patients with varicose veins, lymphedema and DVT and sports injuries. Other growth promoting factors include higher chronic venous disorders incidence and increasing proportion of geriatric and obese population. Emerging markets like China, India, Mexico and Brazil are currently anticipated to provide strong growth opportunities for suppliers of compression therapy products. These markets have large target populations. The factors of increasing healthcare expenditure and rising levels of disposable incomes also promote market growth in these regions.

Non-Segmented Pneumatic Compression Pumps Segment to Reach $91.2 Million by 2026


In the global Non-Segmented Pneumatic Compression Pumps segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$57.8 Million will reach a projected size of US$73.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.1 Million by the year 2026.

Select Competitors (Total 52 Featured) -

  • Arjo Inc.
  • Bio Compression Systems, Inc.
  • Bösl Medizintechnik GmbH
  • Cardinal Health, Inc.
  • Devon Medical Devices
  • DJO Global, Inc.
  • EUREDUC
  • Medline Industries, LP.
  • Mego Afek ltd.
  • Tactile Medical
  • Talley Group Ltd.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Pneumatic Compression Therapy

What is the estimated value of the Global Market for Pneumatic Compression Therapy?

The Global Market for Pneumatic Compression Therapy was estimated to be valued at $564.3 Million in 2022.

What is the growth rate of the Global Market for Pneumatic Compression Therapy?

The growth rate of the Global Market for Pneumatic Compression Therapy is 4.3%, with an estimated value of $668.5 Million by 2026.

What is the forecasted size of the Global Market for Pneumatic Compression Therapy?

The Global Market for Pneumatic Compression Therapy is estimated to be worth $668.5 Million by 2026.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arjo Inc.
  • Bösl Medizintechnik GmbH
  • Cardinal Health, Inc.
  • Devon Medical Devices
  • DJO Global, Inc.
  • EUREDUC

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • Pandemic's Impact on the Pneumatic Compression Therapy Products Market
  • Competitive Scenario
  • EXHIBIT 1: Compression Therapy Competitor Market Share Scenario Worldwide (in %): 2022 (E)
  • EXHIBIT 2: Pneumatic Compression Therapy - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 46 Players Worldwide in 2022 (E)
  • Global Market Prospects & Outlook
  • With IMF’s Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
  • EXHIBIT 3: A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • EXHIBIT 4: Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • Key Growth Drivers and Restraints
  • Analysis by Product Type
  • Regional Analysis
  • An Introduction to Pneumatic Compression Therapy
  • EXHIBIT 5: Compression Therapy Market by Technique: Breakdown in % for 2021E
  • Pneumatic Compression Pump Therapy
  • Key Target Diseases for Pneumatic Compression Therapy
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Intermittent Pneumatic Compression (IPC) Devices Find Wide Usage in Treatment of DVT and PE
  • Pneumatic Compression Pumps for Treating Venous Ulcers and Lymphedema
  • Intermittent Pneumatic Compression Extensively Used in Physical Therapy
  • Research Continues to Unveil Several Advantages of Compression Therapy
  • Compression Therapy: A Game Changer for Neurological Chiropractic
  • Adoption of Sequential Compression Device Systems Continues to Grow
  • Prevalence of Chronic Venous Diseases and Need for Preventive Care & Rehabilitation Drives Demand for Pneumatic Compression Products
  • CEAP (Clinical-Etiological-Anatomical-Pathophysiological) Classification of CVD: A Snapshot
  • EXHIBIT 6: Global Prevalence of Wounds in Millions by Type
  • Venous Symptoms in CVD Patients: Ranked in Order of Occurrence
  • Prevalence of Different Venous Abnormalities in CVD Patients: Ranked in Order of Occurrence
  • Chronic Diseases Management and Associated Costs Drive Adoption of Pneumatic Compression Therapy
  • EXHIBIT 7: Chronic Disease Management in Developed Countries (2019): Percentage Distribution of Patient Population by Chronic Disease Type in the US, Germany, and UK
  • EXHIBIT 8: Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
  • Ever Increasing Geriatric Population with Venous or Limb-related Health Ailments Enhances Importance of Compression Therapy
  • EXHIBIT 9: Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Increasing Incidence of Sports Injuries Drives Demand for Pneumatic Compression Therapy Products
  • Benefits with Compression Therapy for Athletes
  • Dynamic Compression Improves Pressure-to-Pain Threshold (PPT) in Recovery of Elite Athletes
  • Increasing Prevalence of Chronic & Lifestyle Diseases to Propel Market Growth
  • EXHIBIT 10: Hypertension Prevalence (%) Worldwide by Region in Male and Females Aged 25+ Years
  • EXHIBIT 11: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Rising Incidence of Cardiovascular Diseases Drives Pneumatic Compression Devices Market
  • EXHIBIT 12: Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • High Risk of Leg Ulcers and Edema in Diabetic Population Fuels Demand for Compression Therapy Products
  • EXHIBIT 13: Worldwide Prevalence of Diabetes: Number of Adults (20-79) with Diabetes by Region for 2017 and 2045
  • Focus on Healthcare Cost Reduction to Bolster Market Growth
  • EXHIBIT 14: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • EXHIBIT 15: Per Capita Healthcare Spending (in US$) in Select Countries (2019)
  • EXHIBIT 16: Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
  • Rapidly Aging World Population & COVID-19 Induced Re-Focus on Aging-In-Place to Drive Demand
  • EXHIBIT 17: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Pneumatic Compression Therapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics

CANADA


JAPAN

CHINA

  • Pneumatic Compression Therapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Analytics

EUROPE

  • Pneumatic Compression Therapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics

FRANCE


GERMANY


ITALY


UNITED KINGDOM


REST OF EUROPE

ASIA-PACIFIC

  • Pneumatic Compression Therapy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Analytics

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 52
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Arjo Inc.
  • Bio Compression Systems, Inc.
  • Bösl Medizintechnik GmbH
  • Cardinal Health, Inc.
  • Devon Medical Devices
  • DJO Global, Inc.
  • EUREDUC
  • Medline Industries, LP.
  • Mego Afek ltd.
  • Tactile Medical
  • Talley Group Ltd.
Note: Product cover images may vary from those shown