The home sequential compression devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Home Sequential Compression Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The home sequential compression devices market size has grown strongly in recent years. It will grow from $1.02 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rise in the incidence rates of diabetes, growth in the aging population, rise in healthcare costs, post-surgical recovery, shift towards home healthcare.
The home sequential compression devices market size is expected to see strong growth in the next few years. It will grow to $1.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to the rising global health awareness, government initiatives and policies, expansion of distribution channels, patient preference for non-invasive treatments, aging population. Major trends in the forecast period include technological advancements, growing adoption of telemedicine, personalized healthcare solutions, remote work trends, smart device integration.
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Scope Of Home Sequential Compression Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Home Sequential Compression Devices Market Overview
Market Drivers –
The rising incidence rates of diabetes are expected to propel the growth of the home sequential compression device market going forward. Diabetes is a chronic metabolic condition characterized by high blood sugar levels due to inadequate insulin synthesis or poor insulin use. The rates of diabetes have increased due to several factors, including unhealthy diets, modern sedentary lifestyles, an aging population, stress, and mental health. Home sequential compression devices can helps in the management of diabetes-related complications by improving circulation, reducing the risk of ulcers and infections, and enhancing overall limb health. These offer the convenience of regular use without the need for frequent visits to healthcare facilities. For instance, in July 2021, according to the International Diabetes Federation, a Belgium-based organization, 537 million individuals aged 20 to 79 were living with diabetes (1 in 10), and this figure is predicted to grow to over 643 million by 2030 and 783 million by 2045. Therefore, the rising incidence rates of diabetes are driving the growth of the home sequential compression device market.
Market Trends –
Major companies operating in the home sequential compression devices market are focused on developing advanced product such as sequential compression device and pants-such as compression garments to gain competitive edge in the market. A sequential compression device (SCD) is a method used for deep vein thrombosis (DVT) prevention that improves blood flow in the legs. Compression garments is a lower body garments that are ideal for patients with lymphedema in the treatment of lower legs, back, abdomen, pelvic, and hip areas. For instance, in September 2023, AIROS Medical Inc., a US-based medical equipment manufacturer launched AIROS 6P and compression pants. This device works at 100-240 VAC and can be used anywhere in the world. It enables treatment for new, larger garments necessary for usage by some lymphedema patients. The lower truncal pants garments target additional areas of swelling in the legs and abdomen.
The home sequential compression devices market covered in this report is segmented –
1) By Type: Standard, Portable
2) By Device Type: Simultaneous Sequential Compression Device (SSCD), Alternate Sequential Compression Device (ASCD)
3) By Application: Deep Vein Thrombosis (DVT), Lymphedema Management, Chronic Venous Insufficiency (CVI), Other Applications
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Regional Insights –
North America was the largest region in the home sequential compression devices market in 2023. The regions covered in the home sequential compression devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the home sequential compression devices market are Cardinal Health Inc., Medtronic plc, Essity Health & Medical, DJO LLC, Arjo Medical Devices, BTL Corporate, Tactile Medical, Amoena Medical, Performance Health Supply Inc, Sigvaris Group, Huntleigh Healthcare Limited, Breg Inc, NormaTec, Abigo Medical AB, Medcom Group, BIOCOMPRESSION SYSTEMS, Precision Medical Products, Devon Medical Inc., AIROS Medical Inc., Mego Afek ltd., Remark Medical Services
Table of Contents
1. Executive Summary
2. Home Sequential Compression Devices Market Characteristics
3. Home Sequential Compression Devices Market Trends And Strategies
4. Home Sequential Compression Devices Market – Macro Economic Scenario
5. Global Home Sequential Compression Devices Market Size and Growth
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32. Global Home Sequential Compression Devices Market Competitive Benchmarking
33. Global Home Sequential Compression Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Home Sequential Compression Devices Market
35. Home Sequential Compression Devices Market Future Outlook and Potential Analysis
36. Appendix
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