Pneumatic Compression Therapy Market 2022
With over 65% Market Share, North America to Lead the Global Pneumatic Compression Therapy Market
While virtual care coupled with telehealth is here to stay, hybrid model of healthcare ought to dominate the Pneumatic Compression Therapy Market in the near future. Initial consultations are done through video call, thereby saving on time. The next course of action could face less downtime, as arrangement of appointments as well as following-up would be all the more convenient and efficient. This would be the behaviour of Pneumatic Compression Therapy Market in the near future.
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The global pneumatic compression therapy market is expected to witness robust growth during the forecast period. This growth is expected to be primarily driven by increasing adoption of pneumatic compression sleeves and pumps and a growing awareness of pneumatic compression therapy in developing economies. A new report published by Persistence Market Research titled “Pneumatic Compression Therapy Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)” studies the overall performance of the global pneumatic compression therapy market for an eight year forecast period 2017 to 2025.
The North America regional market is estimated to lead in terms of revenue generation for pneumatic compression therapy during the forecast period. Increasing patient awareness, rising disease burden and easy availability of de-addiction products through broad distribution channels are some of the factors that are expected to impact revenue growth of the global pneumatic compression therapy market. The next few years are likely to witness an increasing adoption of pneumatic compression therapy across the globe.
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- High prevalence of varicose vein disease across the globe is one of the important factors that is boosting the growth of the global pneumatic compression therapy market
- Increased reimbursement support for pneumatic compression therapy creates positive impact on the development of the global pneumatic compression therapy market
- Inequalities in the health and financing system, growth of home care equipment and prevalence of Deep Vein Thrombosis are some of the factors that are responsible for the robust growth of the global pneumatic compression therapy market
- Efforts taken by the key players in the market to introduce innovative products to improve the lifestyle of the population further contribute to the growth of the global pneumatic compression therapy market
- Availability of alternate therapies such as topical or systemic antibiotics or other pharmacologic agents, surgery and adjunctive therapy are other growth influencers
Global Pneumatic Compression Therapy Market: Segmentation and Market Attractiveness Analysis
The global pneumatic compression therapy market has been segmented on the basis of product type into Pneumatic Compression Sleeves, Segmented Pneumatic Compression Pumps (Programmable Pneumatic Compression Pumps, Non-Programmable Pneumatic Compression Pumps), and Non-Segmented Pneumatic Compression Pumps.
Pneumatic Compression Sleeve product type segment is expected to be the most lucrative among all product type segments in the global pneumatic compression therapy market, with an attractiveness index of 1.8. Segmented Pneumatic Compression Pumps product type segment is expected to be the least attractive product type segment in the global pneumatic compression therapy market, with a market attractiveness index of 0.9.
The global pneumatic compression therapy market has been segmented on the basis of distribution channel into Hospitals, Clinics, and E-Commerce. Hospitals is expected to be the most lucrative segment among all distribution channels, with an attractiveness index of 1.4. Clinics is expected to be the second largest distribution channel for pneumatic compression therapy, with a market attractiveness index of 1.0.
The global pneumatic compression therapy market has been studied across the five key regions of North America, Latin America, APAC, Europe, and Middle East & Africa. North America is expected to be valued US$ 457.3 by the end of 2025, with a CAGR of 6.7% and a market attractiveness index of 3.4, while Europe is expected to be the second largest region in the global pneumatic compression therapy market, with a market attractiveness index of 0.9.
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Global Pneumatic Compression Therapy Market: Key Players
The report features some of the leading companies operating in the global pneumatic compression therapy market such as Medtronic, Tactile Medical, 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, and Bösl Medizintechnik.
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