by Air pressure therapy is a non-invasive treatment technique that uses targeted air pressure to various parts of the body for therapeutic purposes. It involves the use of pneumatic compression devices that are fitted over the limbs or abdomen and are programmed to inflate and deflate in a repetitive cyclic manner. This helps in improving blood circulation, relieving joint stiffness and muscle pain. It is majorly used for conditions like lymphedema, varicose veins, deep vein thrombosis (DVT), arthritis etc. The growing demand for non-invasive treatment options over conventional surgical procedures is fuelling the adoption of air pressure therapy across both hospital and home care settings.
The global air pressure therapy market is estimated to be valued at US$ 4.4 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing demand for non-invasive treatment modalities is one of the major drivers of this market. Patients are increasingly looking for alternatives to surgeries and opting for air pressure therapy devices at home for convenient treatment. Another driver is the increasing incidence of chronic diseases like cancer, lymphedema, arthritis which require long term therapy. This is leading to higher demand for home therapy devices like air pressure therapy systems. Moreover, technological advancements in pneumatic compression devices with improved programmability, comfort and efficiency are further expanding the application areas of air pressure therapy.
Segment Analysis
The Global Air Pressure Therapy Market Size is dominated by the compression pumps segment. Compression pumps help in increasing the blood flow and reducing the chances of deep vein thrombosis and varicose veins. They offer adjustable pressure levels that provide effective compression therapy for various medical conditions. The rising adoption of these pumps in homecare settings and hospitals has boosted the growth of this segment over the forecast period.
PEST Analysis
Political: Increase in healthcare expenditure allocation in country budgets and favorable regulations for medical devices has positively impacted the market growth.
Economic: Rising disposable incomes and growing awareness about effective treatment options is fueling the demand. However, high equipment costs remains a challenge.
Social: Growing geriatric population, sedentary lifestyles, and increasing incidence of chronic diseases like diabetes are key factors driving the need for air pressure therapy.
Technological: Advancement in compression pump technology with integrated features for precision, improved mobility, and wireless connectivity has augmented the application scope.
Key Takeaways
The global air pressure therapy market is expected to witness high growth over 2023-2030 period due to increasing incidence of orthopedic disorders associated with blood clots and lymphedema worldwide. The global air pressure therapy market is estimated to be valued at US$ 4.4 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030.
Regional analysis: North America accounts for the largest share in the global market owing to presence of major players, rising awareness about therapeutic compression systems and availability of advanced medical infrastructure in the region. However, Asia Pacific is anticipated emerge as the fastest growing market on account of rapid improvements in healthcare standards and increasing healthcare spending in countries like India and China.
Key players: Key players operating in the air pressure therapy market are Heat and Control, Inc., J.R. Simplot Company, The 3M Company, Kiremko B.V., and KRONEN GmbH. Heat and Control, Inc. holds a leading position in the global market with wide range of innovative compression pumps and wrappings. J.R. Simplot Company is another prominent player focusing on specialized pumps for ankle and leg applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
